Playing Safe: Large-Cap stocks that Mutual Funds have consistently added

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.

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

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

Also see: Opportunity in market correction: New midcap stocks that MFs added in October

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

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

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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

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

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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

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

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

Also see: Long-term smallcap companies that equity savings funds put their money on

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

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

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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

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

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