MFs increased bets on these 8 smallcap stocks that gave over 40% returns in 1 month
market as the gauge for smallcap stocks has given about 15% returns.
With smallcap stocks continuing their non-stop one-way move, mutual funds increased their bets in many of them in the last one month.
Atleast eight small cap stocks, which have given more than 40% returns since November, saw increase in mutual fund holding, data by Ace MF showed.
These eight smallcap stars are Bharat Dynamics, Multi Commodity Exchange, Prestige Estates Projects, Texmaco Rail & Engineering, NLC India, CESC, Carysil, and Sobha.
Bharat Dynamics
The number of mutual fund schemes holding this defence equipment maker increased by 12 to 71 as of November. Mutual Funds held 1.69 crore shares of the company as of November, compared with 1.48 crore shares in October, according to Trendlyne.
Canara Robeco Small Cap Fund was the highest buyer, purchasing 0.36% equity in the last month. Shares of the state-owned major gave 43% returns since November and scaled a lifetime high on Monday. On a year-to-date basis, the stock has given 62% returns to investors.
Multi Commodity Exchange
The number of MF schemes holding shares of the commodity bourse increased by 8 to 88 as of November.
Bajaj Finserv Flexi Cap Fund was the highest buyer of MCX shares last month, as the fund bought 0.2% equity, according to Trendlyne.
Shares of MCX have given 40% returns to investors since November, but on a year-on-date basis, the stock turned multibagger, giving returns of 108%.
Prestige Estates
This multibagger stock in the realty pack saw increased buying by mutual funds, with the number of MF schemes holding the stock rising by 5 to 54 as of November.
