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HomeNewsPhotosBusinessPersonal Finance'Strong buy' micro-cap multibagger stocks picked by mutual funds in May

'Strong buy' micro-cap multibagger stocks picked by mutual funds in May

Micro-cap stocks carry very high risk, but also have the potential to deliver high returns. Fund managers apply various parameters to choose micro-cap stocks that have the potential to outperform over the long term

June 23, 2024 / 10:21 IST
1/16
Quality micro-cap stocks have continued their upward journey despite short-term blips. Though the Nifty Microcap 250 Total Return Index (TRI) plummeted 7 percent on June 4, the day of election results, it recovered fast and has outperformed all the other major market capitalisation indices since then. The Nifty Microcap 250 TRI gained 14 percent over the last 10 days while Nifty 50 TRI, Nifty Midcap 150 TRI, Nifty Smallcap 250 TRI rose 7 percent, 10 percent and 12 percent, respectively.

Micro-cap stocks are quite risky but have the potential to deliver high returns. Fund managers apply various parameters to choose micro-cap stocks that have the potential to outperform over the long term. Here are the top micro-cap stocks that were added by actively managed equity-oriented mutual funds (653 schemes) in May 2024 (data as of May 30). Stocks that are ranked below the 500th spot as per the Association of Mutual Funds in India’s market capitalisation list are considered micro-caps. Source: ACEMF.
2/16
Awfis Space Solutions
No. of actively managed equity schemes that newly added the stock: 27
Total no. of active schemes holding the stock: 27
AMFI market-cap rank: Newly listed.

Also see: 12 new midcap gems that PMS fund managers picked in May. Do you own any one?
AMI Organics No. of actively managed equity schemes that newly added the stock: 7 Total no. of active schemes holding the stock: 20 AMFI market-cap rank: 658 Also see: Midcap and smallcap funds: How should retail investors approach them?
3/16
AMI Organics
No. of actively managed equity schemes that newly added the stock: 7
Total no. of active schemes holding the stock: 20
AMFI market-cap rank: 658

Also see: Midcap and smallcap funds: How should retail investors approach them?
Savita Oil Technologies No. of actively managed equity schemes that newly added the stock: 5 Total no. of active schemes holding the stock: 7 AMFI market-cap rank: 883
4/16
Savita Oil Technologies
No. of actively managed equity schemes that newly added the stock: 5
Total no. of active schemes holding the stock: 7
AMFI market-cap rank: 883
Bharat Bijlee No. of actively managed equity schemes that newly added the stock: 5 Total no. of active schemes holding the stock: 23 AMFI market-cap rank: 903
5/16
Bharat Bijlee
No. of actively managed equity schemes that newly added the stock: 5
Total no. of active schemes holding the stock: 23
AMFI market-cap rank: 903
Varroc Engineering No. of actively managed equity schemes that newly added the stock: 4 Total no. of active schemes holding the stock: 15 AMFI market-cap rank: 527 Also see: Sector, thematic funds: How to choose the best of the lot
6/16
Varroc Engineering
No. of actively managed equity schemes that newly added the stock: 4
Total no. of active schemes holding the stock: 15
AMFI market-cap rank: 527

Also see: Sector, thematic funds: How to choose the best of the lot
Shipping Corporation of India No. of actively managed equity schemes that newly added the stock: 4 Total no. of active schemes holding the stock: 5 AMFI market-cap rank: 560
7/16
Shipping Corporation of India
No. of actively managed equity schemes that newly added the stock: 4
Total no. of active schemes holding the stock: 5
AMFI market-cap rank: 560
Techno Electric & Engineering Company No. of actively managed equity schemes that newly added the stock: 4 Total no. of active schemes holding the stock: 24 AMFI market-cap rank: 573
8/16
Techno Electric & Engineering Company
No. of actively managed equity schemes that newly added the stock: 4
Total no. of active schemes holding the stock: 24
AMFI market-cap rank: 573
Surya Roshni No. of actively managed equity schemes that newly added the stock: 4 Total no. of active schemes holding the stock: 4 AMFI market-cap rank: 605 Also see: Ignore short-term gyrations. Here are five simple index funds for long-term wealth creation
9/16
Surya Roshni
No. of actively managed equity schemes that newly added the stock: 4
Total no. of active schemes holding the stock: 4
AMFI market-cap rank: 605

Also see: Ignore short-term gyrations. Here are five simple index funds for long-term wealth creation
Netweb Technologies India No. of actively managed equity schemes that newly added the stock: 4 Total no. of active schemes holding the stock: 16 AMFI market-cap rank: 615
10/16
Netweb Technologies India
No. of actively managed equity schemes that newly added the stock: 4
Total no. of active schemes holding the stock: 16
AMFI market-cap rank: 615
Prudent Corporate Advisory Services No. of actively managed equity schemes that newly added the stock: 4 Total no. of active schemes holding the stock: 30 AMFI market-cap rank: 619
11/16
Prudent Corporate Advisory Services
No. of actively managed equity schemes that newly added the stock: 4
Total no. of active schemes holding the stock: 30
AMFI market-cap rank: 619
MSTC No. of actively managed equity schemes that newly added the stock: 4 Total no. of active schemes holding the stock: 4 AMFI market-cap rank: 778 Also see: Why you should keep an eye on liquidity, price deviation and tracking error while investing in ETFs
12/16
MSTC
No. of actively managed equity schemes that newly added the stock: 4
Total no. of active schemes holding the stock: 4
AMFI market-cap rank: 778

Also see: Why you should keep an eye on liquidity, price deviation and tracking error while investing in ETFs
Nazara Technologies No. of actively managed equity schemes that newly added the stock: 3 Total no. of active schemes holding the stock: 18 AMFI market-cap rank: 604
13/16
Nazara Technologies
No. of actively managed equity schemes that newly added the stock: 3
Total no. of active schemes holding the stock: 18
AMFI market-cap rank: 604
La Opala RG No. of actively managed equity schemes that newly added the stock: 2 Total no. of active schemes holding the stock: 14 AMFI market-cap rank: 634
14/16
La Opala RG
No. of actively managed equity schemes that newly added the stock: 2
Total no. of active schemes holding the stock: 14
AMFI market-cap rank: 634
Sudarshan Chemical Industries No. of actively managed equity schemes that newly added the stock: 3 Total no. of active schemes holding the stock: 18 AMFI market-cap rank: 743
15/16
Sudarshan Chemical Industries
No. of actively managed equity schemes that newly added the stock: 3
Total no. of active schemes holding the stock: 18
AMFI market-cap rank: 743
16/16
Manorama Industries
No. of actively managed equity schemes that newly added the stock: 3
Total no. of active schemes holding the stock: 4
AMFI market-cap rank: 875

Also see: Index mutual funds grab investor attention; here’s how to get the best out of them
Dhuraivel Gunasekaran
Dhuraivel Gunasekaran
first published: Jun 17, 2024 07:51 am

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