Playing Safe: Large-Cap stocks that Mutual Funds have consistently added
Large-cap stocks have given solace to mutual fund schemes, amidst increasing volatility in small- and mid- cap shares. These are the large-caps that active funds have been adding for the past six months
Large-cap stocks have lagged behind small- and mid- cap stocks in these past three years. Nifty 50 – TRI delivered about 16% while Nifty Midcap 150 – TRI and Nifty Smallcap 250 – TRI gave 31% and 36% returns, respectively, in the last 3-year period. But fund managers are cautious. Nilesh Shah, MD, Kotak AMC, in his recent interview with Moneycontrol, said that large caps are at around the historical average valuation, mid-caps are at a little expensive and small-caps are at about 20 percent premium. “Be marginally overweight large caps, be equal weight mid-caps and marginally underweight small caps,” he added. While the earnings growth in small and mid-caps will outpace large caps, Shah says that the certainty of large-cap earnings growth is far higher. Here are the top large-cap stocks that the actively managed mutual fund schemes have constantly added in their portfolio over last six months. The number of schemes that hold those stocks keeps on increasing month-on-month over the last six months. Only actively managed equity schemes and hybrid schemes (except arbitrage funds) are considered for compilation. Data as of October 31, 2023. Source: ACEMF.
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Zomato No. of active MF schemes newly added the stock in the last 6-months: 96 Total no. of active MF schemes holding the stock as of October 2023: 170
3/16
Bajaj Auto No. of active MF schemes newly added the stock in the last 6-months: 62 Total no. of active MF schemes holding the stock as of October 2023: 123
Tata Motors No. of active MF schemes newly added the stock in the last 6-months: 44 Total no. of active MF schemes holding the stock as of October 2023: 196
TVS Motor Company No. of active MF schemes newly added the stock in the last 6-months: 33 Total no. of active MF schemes holding the stock as of October 2023: 152
6/16
Hero MotoCorp No. of active MF schemes newly added the stock in the last 6-months: 31 Total no. of active MF schemes holding the stock as of October 2023: 115
Cholamandalam Investment and Finance Company No. of active MF schemes newly added the stock in the last 6-months: 30 Total no. of active MF schemes holding the stock as of October 2023: 171
8/16
Bharat Electronics No. of active MF schemes newly added the stock in the last 6-months: 29 Total no. of active MF schemes holding the stock as of October 2023: 195
Sun Pharmaceutical Industries No. of active MF schemes newly added the stock in the last 6-months: 28 Total no. of active MF schemes holding the stock as of October 2023: 273
Samvardhana Motherson International No. of active MF schemes newly added the stock in the last 6-months: 27 Total no. of active MF schemes holding the stock as of October 2023: 117
11/16
Nestle India No. of active MF schemes newly added the stock in the last 6-months: 26 Total no. of active MF schemes holding the stock as of October 2023: 129
12/16
Jindal Steel & Power No. of active MF schemes newly added the stock in the last 6-months: 24 Total no. of active MF schemes holding the stock as of October 2023: 99
DLF No. of active MF schemes newly added the stock in the last 6-months: 23 Total no. of active MF schemes holding the stock as of October 2023: 96
14/16
Avenue Supermarts No. of active MF schemes newly added the stock in the last 6-months: 20 Total no. of active MF schemes holding the stock as of October 2023: 118
IndusInd Bank No. of active MF schemes newly added the stock in the last 6-months: 19 Total no. of active MF schemes holding the stock as of October 2023: 193
16/16
Trent No. of active MF schemes newly added the stock in the last 6-months: 14 Total no. of active MF schemes holding the stock as of October 2023: 108
