Most flexi cap schemes benefit from more allocation to mid cap, small cap stocks
Mid cap and small cap stocks started gaining from April. The Nifty Midcap 100 — TRI has surged by 21.75% since April. During the same period, Nifty Smallcap 100 — TRI has surged by 26.19%. At present there are around 35 schemes in the flexi cap category. Out of 35 schemes, 19 schemes have increased their allocation in mid cap stocks and 26 schemes increased their allocation in small cap stocks. Around 24 flexi cap schemes have reduced their allocation in large cap stocks.
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View Details»The analysis showed that fund managers are taking more exposure to mid and small cap to benefit from the current rally. Most of the flexi cap schemes have reduced their exposure in the large cap space since March. Most schemes increased their allocation in mid and small cap stocks just when these stocks started gaining momentum.
Flexi cap schemes: Market cap allocationMid CapSmall CapMarchJuneMarchJuneJM Flexicap Fund27.7534.2914.6515.44Samco Flexi Cap Fund30.1131.4510.1910.70Tata Flexi Cap Fund23.2628.6619.0918.77Motilal Oswal Flexi Cap Fund29.7527.616.106.25Bank of India Flexi Cap Fund22.0225.4513.9917.55UTI Flexi Cap Fund19.7724.449.6911.00Kotak Flexicap Fund25.2823.261.371.58DSP Flexi Cap Fund26.1723.0012.7117.59PGIM India Flexi Cap Fund17.3422.7814.764.44Bandhan Flexi Cap Fund21.3821.234.637.23ITI Flexi Cap Fund23.5121.0423.4625.21360 ONE Flexicap Fund20.607.84Baroda BNP Paribas Flexi Cap Fund17.7420.5812.3615.49Mirae Asset Flexi Cap Fund19.3819.968.1910.93LIC MF Flexi Cap Fund20.0819.5925.8127.45SBI Flexicap Fund14.7619.5711.338.44Union Flexi Cap Fund17.0118.7910.3616.56Navi Flexi Cap Fund17.9818.3510.6013.08Aditya Birla Sun Life Flexi Cap Read more on economictimes.indiatimes.com
