Market volatility: Stocks where top mid-cap and small-cap MFs redeployed cash

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.

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.

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

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Quant Small Cap Fund
Category: Small Cap Fund
Fund managers: Ankit Pande, Vasav Sahgal and Sanjeev Sharma
Latest corpus: Rs 26,331 crore

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Nippon India Growth Fund
Category: Mid Cap Fund
Fund manager: Rupesh Patel
Latest corpus: Rs 33,922 crore

Kotak Small Cap Fund
Category: Small Cap Fund
Fund manager: Harish Bihani
Latest corpus: Rs 17,593 crore

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Quant Mid Cap Fund
Category: Mid Cap Fund
Fund managers: Ankit Pande, Vasav Sahgal and Sanjeev Sharma
Latest corpus: Rs 8,941 crore

Bandhan Small Cap Fund
Category: Small Cap Fund
Fund managers: Manish Gunwani, Kirthi Jain and Harsh Bhatia
Latest corpus: Rs 8,716 crore

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DSP Midcap Fund
Category: Mid Cap Fund
Fund managers: Vinit Sambre and Abhishek Ghosh
Latest corpus: Rs 19,015 crore

Canara Robeco Small Cap Fund
Category: Small Cap Fund
Fund managers: Pranav Gokhale and Shridatta Bhandwaldar
Latest corpus: Rs 12,324 crore

DSP Small Cap Fund
Category: Small Cap Fund
Fund managers: Vinit Sambre and Resham Jain
Latest corpus: Rs 16,147 crore

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Mahindra Manulife Mid Cap Fund
Category: Mid Cap Fund
Fund managers: Krishna Sanghavi, Manish Lodha
Latest corpus: Rs 3,341 crore

Edelweiss Small Cap Fund
Category: Small Cap Fund
Fund managers: Trideep Bhattacharya, Raj Koradia and Dhruv Bhatia
Latest corpus: Rs 4,256 crore

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