Down but not out: MFs hold on to these small-cap stocks despite fall
Here's a list of smallcap stocks have seen a price erosion of up to 43 percent over the past year. While sum fund managers dumped these stocks, many continue to have them in their portfolios
Not all plans work out for fund managers, especially in the volatile small and midcap space. Many of the carefully chosen stocks take longer than expected to give better outcomes and some just don't perform as expected. Still, fund managers persist with the stocks which they think will do well down the road. Here is a list of smallcap stocks that have seen price erosion of up to around 43 percent over the past year but still enjoy fund managers trust' who continue to hold them. The data is as of June 2024. Source: ACEMF.
2/16
Rajesh Exports One-year return (absolute): -42.9% The number of equity schemes that held the stock as of June 30, 2024: 18 The number of equity schemes that sold the stock in the past six months: 6
Tatva Chintan Pharma Chem 1-year return (absolute): -42.1% No. of equity schemes that held the stock as of June 30, 2024: 6 No. of equity schemes that sold the stock in the past six months: 8
4/16
Zee Entertainment Enterprises 1-year return (absolute): -41.9% No. of equity schemes that held the stock as of June 30, 2024: 68 No. of equity schemes that sold the stock in the past six months: 64
Fusion Micro Finance 1-year return (absolute): -41.5% No. of equity schemes that held the stock as of June 30, 2024: 24 No. of equity schemes that sold the stock in the past six months: 4
6/16
HLE Glascoat 1-year return (absolute): -36.3% No. of equity schemes that held the stock as of June 30, 2024: 3 No. of equity schemes that sold the stock in the past six months: 12
Ideaforge Technology 1-year return (absolute): 35.1% No. of equity schemes that held the stock as of June 30, 2024: 12 No. of equity schemes that sold the stock in the past six months: 5
8/16
Hindware Home Innovation 1-year return (absolute): 32.5% No. of equity schemes that held the stock as of June 30, 2024: 10 No. of equity schemes that sold the stock in the past six months: 2
La Opala RG 1-year return (absolute): -31.6% No. of equity schemes that held the stock as of June 30, 2024: 15 No. of equity schemes that sold the stock in the past six months: 1
10/16
Medplus Health Services 1-year return (absolute): -31.5% No. of equity schemes that held the stock as of June 30, 2024: 27 No. of equity schemes that sold the stock in phe last six months: 2
11/16
Butterfly Gandhimathi Appliances 1-year return (absolute): -29.1% No. of equity schemes that held the stock as of June 30, 2024: 8 No. of equity schemes hat sold the stock in the past six months: 1
12/16
VIP Industries 1-year return (absolute): -27.7% Total no. of equity schemes that held the stock as of June 30, 2024: 32 No. of equity schemes that sold the stock in the past six months: 4
13/16
Nilkamal 1-year return (absolute): -27.4% No. of equity schemes that held the stock as of June 30, 2024: 7 No. of equity schemes that sold the stock in the last six months: 0
14/16
Divgi Torqtransfer Systems 1-year return (absolute): -26.5% No. of equity schemes that held the stock as of June 30, 2024: 14 No. of equity schemes that sold the stock in the past six months: 4
15/16
VRL Logistics 1-year return (absolute): -22% Total no. of equity schemes that held the stock as of June 30, 2024: 26 No. of equity schemes that sold the stock in the past six months: 12
16/16
Uniparts India 1-year return (absolute): -22% No. of equity schemes that held the stock as of June 30, 2024: 6 No. of equity schemes that sold the stock in the past six months: 2
