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Midcap gems that large-cap funds added lately

Despite stretched valuation in the midcap space, many large-cap funds have added fresh positions in quality midcap stocks in the last three months

January 18, 2024 / 07:59 IST
As the boundaries of a large-cap fund are tightly set, as per mutual fund investment rules (the 100 largest listed companies by market capitalisation), it is difficult for them to outperform benchmark indices and peers on a continuous basis. What’s the way out? All large-cap funds can invest up to 20% in mid-cap stocks; here’s where the alpha comes from. Here are the top newly added midcap stocks among the 31 active largecap funds. Portfolio data as of December 2023
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As the boundaries of large-cap funds are tightly set by the mutual fund investment rules (the 100 largest listed companies by market capitalisation), it is difficult for them to outperform benchmark indices and peers continuously. What’s the way out? All large-cap funds can invest up to 20 percent in mid-cap stocks; here’s where the alpha comes from. Here are the top newly added midcap stocks among the 31 active large-cap funds.( Portfolio data as of December 2023)
2/8
Hero MotoCorp
Number of large-cap funds that held the stock: 3
Who added: Bank of India Bluechip and Kotak Bluechip


Also see: Good returns and tax-savings: A winning combo by top tax-saving MFs
Info Edge (India) Number of large-cap funds that held the stock: 3 Who added: Aditya Birla SL Frontline Equity and Franklin India Bluechip
3/8
Info Edge (India)
Number of large-cap funds that held the stock: 3
Who added: Aditya Birla SL Frontline Equity and Franklin India Bluechip
4/8
FSN E-Commerce Ventures
Number of large-cap funds that held the stock: 2
Who added: Mahindra Manulife Large Cap and Tata Large Cap


Also see: Chasing multibaggers: 5 stocks that jumped from microcap to midcap in AMFI’s rejig
Gland Pharma Number of large-cap funds that held the stock: 2 Who added: Mahindra Manulife Large Cap and Union Largecap
5/8
Gland Pharma
Number of large-cap funds that held the stock: 2
Who added: Mahindra Manulife Large Cap and Union Largecap
6/8
NMDC
Number of large-cap funds that held the stock: 2
Who added: Edelweiss Large Cap and ITI Large Cap

Also see: Mutual fund industry assets top Rs 50 trillion landmark: what helped achieve this number?
Sundaram Finance Number of large-cap funds that held the stock: 2 Who added: Edelweiss Large Cap and HSBC Large Cap
7/8
Sundaram Finance
Number of large-cap funds that held the stock: 2
Who added: Edelweiss Large Cap and HSBC Large Cap
8/8
United Breweries
Number of large-cap funds that held the stock: 2
Who added: Aditya Birla SL Frontline Equity and Edelweiss Large Cap

Also see: Find the best asset allocation mix that will maximise your returns
Dhuraivel Gunasekaran
Dhuraivel Gunasekaran
first published: Jan 18, 2024 06:49 am

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