Chasing multibaggers: Micro-cap stocks that Flexicap MFs added
Quality microcap stocks have the potential to outperform over the long term. Despite market highs, Flexicap mutual funds can add small- and micro-cap stocks due to the flexibility
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
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
4/15
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
5/15
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
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
7/15
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
8/15
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
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
10/15
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
11/15
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
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
13/15
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
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
15/15
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
