Microcap stocks that fund houses have sold in 3 months
Micro-cap stocks can turn multibaggers if fund managers choose them wisely. But sometimes, stock picks don’t go according to plan. These micro-cap stocks were shunned by mutual funds in the last 3 months
Microcap stocks have had a rewarding period in the last four years that outperformed other segments by a huge margin. Typically, microcap stocks can turn multi-baggers. However, things do not go always according to plan. Many such cherry-picked stocks may not perform as expected. Here are the top most sold micro-cap stocks among the active mutual fund managers in the last three months. Fund managers may have chosen to sell their holding because of stocks reaching their in-house target prices, or an unfavourable change in growth prospects making the stocks unattractive. For the study, we considered stocks ranked above 500 to be microcap stocks, as per the latest AMFI’s market cap classification list. Period compared: October 2023 and January 2024. Portfolio data as of January 2024. Source: ACEMF.
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Go Fashion (India) No. of active schemes that totally exited: 12 Sample of schemes that exited the stock: SBI Multicap and Axis Value
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MTAR Technologies No. of active schemes that totally exited: 12 Sample of schemes that exited the stock: Motilal Oswal Multi Asset and Union Innovation & Opp
Jamna Auto Industries No. of active schemes that totally exited: 6 Sample of schemes that exited the stock: Bandhan Transportation and Logistics and Invesco India Multicap
Vishnu Prakash R Punglia No. of active schemes that totally exited: 5 Sample of schemes that exited the stock: Quant Quantamental and Quant Multi Asset
