Chasing multibaggers: Micro-cap stocks that Flexicap MFs added

Flexi-cap mutual funds offered by mutual funds have a leeway to invest across large-, mid-, small- and micro-cap stocks. Depending on the fund manager’s reading of the market, he can choose asset allocation between these four broad asset classes.
Identifying midco-cap stocks at market highs is not an easy task. Only time will tell if these picks will help flexi-cap funds.
Here are the top microcap stocks newly bought by the 38 flexi-cap funds over the last three months.
For the study, we considered stocks ranked above 500 to be microcap stocks, as per the latest AMFI’s market cap classification list.
Data source: ACEMF and AMFI’s market cap classification list as of December 2023. Portfolio data as of December 2023

Bajel Projects
Rank in terms of market capitalisation: 971
No. of Flexi-cap funds that newly added the stock: 3
Who holds?: Baroda BNP Paribas Flexi Cap and ICICI Pru Flexicap

Also see: Momentum mania: 12 new midcap stocks entered the Nifty 200 Momentum 30 Index

Sundaram-Clayton
Rank in terms of market capitalisation: 777
No. of Flexi-cap funds newly added the stock: 3
Who holds?: HSBC Flexi Cap and ICICI Pru Flexicap

Ideaforge Technology
Rank in terms of market capitalisation: 700
No. of Flexi-cap funds newly added the stock: 3
Who holds?: Mirae Asset Flexi Cap and Navi Flexi Cap

India Shelter Finance Corporation
Rank in terms of market capitalisation: 579
No. of Flexi-cap funds newly added the stock: 3
Who holds?: Nippon India Flexi Cap and Quant Flexi Cap

Also see: Midcap gems that large-cap funds added lately

Arman Financial Services
Rank in terms of market capitalisation: 952
No. of Flexi-cap funds newly added the stock: 2
Who holds?: Sundaram Flexi Cap and WOC Flexi Cap

Azad Engineering
Rank in terms of market capitalisation: 682
No. of Flexi-cap funds newly added the stock: 2
Who holds?: ICICI Pru Flexicap and JM Flexicap

Sai Silks (Kalamandir)
Rank in terms of market capitalisation: 677
No. of Flexi-cap funds newly added the stock: 2
Who holds?: ICICI Pru Flexicap and WOC Flexi Cap

Also see: Good returns and tax-savings: A winning combo by top tax-saving MFs

Arvind Fashions
Rank in terms of market capitalisation: 631
No. of Flexi-cap funds newly added the stock: 2
Who holds?: LIC MF Flexi Cap and WOC Flexi Cap

Netweb Technologies India
Rank in terms of market capitalisation: 615
No. of Flexi-cap funds newly added the stock: 2
Who holds?: 360 ONE Flexicap and Invesco India Flexi Cap

Thomas Cook (India)
Rank in terms of market capitalisation: 586
No. of Flexi-cap funds newly added the stock: 2
Who holds?: ITI Flexi Cap and JM Flexicap

Also see: Find the best asset allocation mix that will maximise your returns

CSB Bank
Rank in terms of market capitalisation: 577
No. of Flexi-cap funds newly added the stock: 2
Who holds?: Baroda BNP Paribas Flexi Cap and WOC Flexi Cap

Electronics Mart India
Rank in terms of market capitalisation: 574
No. of Flexi-cap funds newly added the stock: 2
Who holds?: Helios Flexi Cap and HSBC Flexi Cap

Also see: 5 stocks that jumped from microcap to midcap in AMFI’s rejig

Spandana Sphoorty Financial
Rank in terms of market capitalisation: 564
No. of Flexi-cap funds newly added the stock: 2
Who holds?: Edelweiss Flexi Cap and JM Flexicap

HEG
Rank in terms of market capitalisation: 542
No. of Flexi-cap funds newly added the stock: 2
Who holds?: JM Flexicap and Shriram Flexi Cap

Also see: Bracing for Volatility? Bet on these newly added large-cap stocks by PMS