Interim Budget’s push for infrastructure: Newly added smallcap stocks by infrastructure mutual funds
Experts believe that this could accelerate the infra development activities in the absence of much private capex spending. The Government increased capex outlay to 3.3% of GDP for FY 2023–24, nearly trebling its expenditure in 2019–20
Continuing its commitment towards building essential infrastructure and driving economic growth, the Centre, in the Interim Budget 2024, has proposed to increase the capex outlay for the next year by 11.1 percent to Rs 11,11,111 crore. Experts are of the opinion that this could boost infrastructure development activities in the absence of substantial private capex spending. Madan Sabnavis, Chief Economist, Bank of Baroda says, “Within the confines of the fiscal space that is available, the government is channelling enough for capex which is almost 40% of the additional total outlay. This is being directed to roads, railways and defence and it can have positive linkage effects with industries like steel, cement, capital goods etc.” Here are the newly added smallcap stocks by the 18 infrastructure mutual funds over the last three months. Portfolio data as of December 2023. Source: ACEMF.
2/9
Inox India No. of infrastructure MF schemes that newly added in the last three months: 8 Sector: Engineering - Industrial Equipments Who added?: Aditya Birla SL Infrastructure and Tata Infrastructure
3/9
Azad Engineering No. of infrastructure MF schemes that newly added in the last three months: 4 Sector: Engineering - Industrial Equipments Who added? : Kotak Infra & Eco Reform and Bandhan Infrastructure
Titagarh Railsystems No. of infrastructure MF schemes that newly added in the last three months: 4 Sector: Railways Wagons Who added? : Canara Rob Infrastructure and UTI Infrastructure
Swan Energy No. of infrastructure MF schemes that newly added in the last three months: 3 Sector: Textile Who added? : Quant Infrastructure and Bank of India Mfg & Infra
Bharat Dynamics No. of infrastructure MF schemes that newly added in the last three months: 2 Sector: Defence Who added? : Canara Rob Infrastructure and Bandhan Infrastructure
7/9
Happy Forgings No. of infrastructure MF schemes that newly added in the last three months: 2 Sector: Forgings Who added? : SBI Infrastructure and HSBC Infrastructure
Kirloskar Oil Engines No. of infrastructure MF schemes that newly added in the last three months: 2 Sector: Engineering - Industrial Equipments Who added? : Sundaram Infra Advantage and LIC MF Infra
Sterling and Wilson Renewable Energy No. of infrastructure MF schemes that newly added in the last three months: 2 Sector: Engineering - Construction Who added? : Bandhan Infrastructure and Sundaram Infra Advantage
