Market volatility: Stocks where top mid-cap and small-cap MFs redeployed cash
Market corrections provide opportunities for fund managers to accumulate quality stocks that are available at cheaper valuations. Moneycontrol has identified mid-cap and small-cap schemes that redeployed their cash notably in October. Here are their stock picks
Falling equity markets provide fund managers with opportunities to take positions in beaten-down quality stocks. Data from ACEMF, a mutual fund research platform, shows that some fund managers used the correction in October to redeploy their cash pile that had grown in size over the last few months.
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The cash holdings of all actively managed equity funds increased from 4.7 percent of total assets to 5.7 percent over the past six months. However, compared to the previous month-end cash position of Rs 1,24,684 crore, it decreased to Rs 1,19,398 crore as of October 31, 2024. Here are the top schemes from mid-cap and small-cap categories that redeployed their cash in October and the stocks that they added to portfolios during the month.
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Motilal Oswal Midcap Fund Category: Mid Cap Fund Fund managers: Niket Shah, Ajay Khandelwal and Santosh Singh Corpus as of October 31, 2024: Rs 20,056 crore
