MF Stress Test Round 2: Have top small-cap funds improved their liquidity positions?
The second round results revealed that small-cap funds would need 13.7 days on an average, to liquidate 50 percent of their portfolios, almost similar to the category average of 14 days that was disclosed a month ago
Mutual funds have disclosed the results for the round 2 of stress test for their mid-cap and small-cap schemes. The numbers give investors an idea of how many days it would take for a mid-cap or a small-cap scheme to liquidate its portfolio in case of adverse scenarios. As per the second round results, small-cap funds would need 13.7 days on an average, to liquidate 50 percent of their portfolios, which is slightly lower than the category average of 14 days that was disclosed a month ago. Here is the comparison in the days to liquidate the 25 percent and 50 percent of their portfolio of the top 10 small-cap funds over the last one month. [Source: AMFI and ACEMF]
2/11
Nippon India Small Cap Fund Corpus as of March 31, 2024: Rs 45,248 crore (Previous month: Rs 46,044 crore) No. of stocks newly added in the portfolio in March: 4 No. of stocks exited the portfolio in March: 7
3/11
HDFC Small Cap Fund Corpus as of March 31, 2024: Rs 27,573 crore (Previous month: Rs 28,599 crore) No. of stocks newly added in the portfolio in March: 5 No. of stocks exited the portfolio in March: 1
SBI Small Cap Fund Corpus as of March 31, 2024: Rs 25,435 crore (Previous month: Rs 25,534 crore) No. of stocks newly added in the portfolio in March: 1 No. of stocks exited the portfolio in March: Nil
Axis Small Cap Fund Corpus as of March 31, 2024: Rs 19,029 crore (Previous month: Rs 19,604 crore) No. of stocks newly added in the portfolio in March: 1 No. of stocks exited the portfolio in March: 2
Quant Small Cap Fund Corpus as of March 31, 2024: Rs 17,383 crore (Previous month: Rs 17,233 crore) No. of stocks newly added in the portfolio in March: 5 No. of stocks exited the portfolio in March: 6
Kotak Small Cap Fund Corpus as of March 31, 2024: Rs 13,882 crore (Previous month: Rs 14,196 crore) No. of stocks newly added in the portfolio in March: 1 No. of stocks exited the portfolio in March: 1
8/11
HSBC Small Cap Fund Corpus as of March 31, 2024: Rs 13,401 crore (Previous month: Rs 13,744 crore) No. of stocks newly added in the portfolio in March: Nil No. of stocks exited the portfolio in March: Nil
DSP Small Cap Fund Corpus as of March 31, 2024: Rs 13,039 crore (Previous month: Rs 13,703 crore) No. of stocks newly added in the portfolio in March: Nil No. of stocks exited the portfolio in March: 2
10/11
Franklin India Smaller Companies Fund Corpus as of March 31, 2024: Rs 11,540 crore (Previous month: Rs 11,825 crore) No. of stocks newly added in the portfolio in March: 3 No. of stocks exited the portfolio in March: 2
11/11
Canara Robeco Small Cap Fund Corpus as of March 31, 2024: Rs 9,401 crore (Previous month: Rs 9,595 crore) No. of stocks newly added in the portfolio in March: Nil No. of stocks exited the portfolio in March: 2
