Powering small-cap funds: Stocks in top holding that drive performance

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.

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

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

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

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

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

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

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

Also see: Wealth creators: PMSes that delivered up to 37% annual returns in 10 years

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

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

Also see: Active fund managers booked profit from these multibaggers. Check your portfolio

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

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

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

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