Top smallcap and midcap stocks that mutual funds bought the most in the last couple of quarters

Mutual funds continue to leverage higher return prospects of small and midcap stocks to generate better ROI. Here are some heavily bought mid and small-cap stocks held by mutual funds.

Relying on small-cap and mid-cap stocks

Despite risks, fund managers rely heavily on mid-cap and small-cap stocks to produce higher returns for investors. Here are some of the most accommodated stocks in this segment that mutual funds bought extensively.  

Also Read: Direct or Regular Mutual Funds

Highlights

• The total Assets Under Management (AUM) of the mutual funds amounted to ₹46,37,565 crore as on July 31, 2023. 

• Based on last year’s returns, Quant Small Cap Fund Growth Option Direct Plan leads with a 36.95% return margin for small-cap stocks. 

• HDFC Mid-Cap Opportunities Fund - Direct Plan - Growth Option leads with a 28.64% return margin for mid-cap stocks

The Game-changers 

The table below represents the most bought stocks by mutual funds in the last two quarters of July 2023.

Other small and midcap stocks where mutual fund shareholdings increased most in the last quarter:

• Mid caps:

Timken India:

1. Change in MF holdings in the last quarter: 5.2%

2. Total shares held by MFs: 1.2 crore

3. Biggest Buyer (July 2023): Aditya Birla Sun Life Equity Advantage Fund Growth

Coforge

1. Change in MF holdings in the last quarter: 4.3%                                                                         

2. Total shares held by MFs: 1.7 crore

3. Biggest Buyer (July 2023): HDFC TaxSaver Growth 

Vedant Fashions Ltd

1. Change in MF holdings in the last quarter: 4.3%                                                                        

2. Total shares held by MFs: 3 crore

3. Biggest Buyer (July 2023): HDFC Non-Cyclical Consumer Fund Regular Growth

• Top 2 smallcap stocks:

CMS Info Systems:                                                                      

1. Change in MF holdings in the last quarter: 9.1%                                                                        

2. Total shares held by MFs: 2.8 crore

3. Biggest Buyer (July 2023): 360 ONE Flexicap Fund Regular

Orchid Pharma Ltd:

1. Change in MF holdings in the last quarter: 7.3%                                                         

2. Total shares held by MFs: 49 lakh

3. Biggest  Buyer (July 2023): Quant Small Cap Fund

Read More: Investing in Small Cap Funds 

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Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.