Powering small-cap funds: Stocks in top holding that drive performance
The top 10 holdings of a mutual fund scheme drive its performance. This is especially true in case of concentrated funds, but even for well-diversified funds. Typically, weightage of a scheme’s top 10 holdings in a diversified equity fund is around 17-72 percent
The number of stocks in the portfolio of actively managed equity mutual fund schemes in India has been anywhere between 11 and 194 (as of October 2023). The top 10 holdings of the portfolio play an important role in generating higher returns, which in turn, helps to outperform the peers. It is especially important in smallcap funds where liquidity is limited and there is a higher number of stock holdings due to higher corpus size. Here are the popular stocks among the top 10 holdings of 27 small cap funds. Portfolio data as of October 2023. Source: ACEMF.
2/11
Cholamandalam Financial Holdings No. of small cap schemes holding the stock in their top 10 holdings: 8 No. of active pure equity schemes holding the stock in their portfolio: 50
CreditAccess Grameen No. of small cap schemes holding the stock in their top 10 holdings: 6 No. of active pure equity schemes holding the stock in their portfolio: 65
4/11
KEI Industries No. of small cap schemes holding the stock in their top 10 holdings: 6 No. of active pure equity schemes holding the stock in their portfolio: 57
Can Fin Homes No. of small cap schemes holding the stock in their top 10 holdings: 6 No. of active pure equity schemes holding the stock in their portfolio: 44
6/11
Blue Star No. of small cap schemes holding the stock in their top 10 holdings: 5 No. of active pure equity schemes holding the stock in their portfolio: 46
JB Chemicals & Pharmaceuticals No. of small cap schemes holding the stock in their top 10 holdings: 5 No. of active pure equity schemes holding the stock in their portfolio: 77
8/11
Brigade Enterprises No. of small cap schemes holding the stock in their top 10 holdings: 5 No. of active pure equity schemes holding the stock in their portfolio: 45
Equitas Small Finance Bank No. of small cap schemes holding the stock in their top 10 holdings: 5 No. of active pure equity schemes holding the stock in their portfolio: 55
10/11
Cyient No. of small cap schemes holding the stock in their top 10 holdings: 4 No. of active pure equity schemes holding the stock in their portfolio: 31
11/11
KPIT Technologies No. of small cap schemes holding the stock in their top 10 holdings: 4 No. of active pure equity schemes holding the stock in their portfolio: 36
