Insider insights: 12 mid-cap stocks that PMS fund managers are banking on in May

In May 2023, portfolio management service (PMS) fund managers showed keen interest in mid-cap stocks, capitalising on market volatility and identifying undervalued assets.

12 mid-cap stocks that PMS cant get enough of
  • Mid-cap stocks attract PMS managers during market volatility.
  • AU Small Finance Bank, Polycab India among top picks.
  • Growth potential and market positioning attract investors.

Leveraging the market volatility of Indian equity markets, Portfolio Management Services (PMS) fund managers constantly look for promising mid-cap stocks to add to their portfolios. Here are the 12 new mid-cap stocks in May 2023 that caught the attention of these fund managers, leading to their inclusion in various PMS strategies. 

1. AU Small Finance Bank

Strong presence in the small finance sector with growth potential

AU Small Finance Bank


2. Polycab India


Robust financial performance and product innovation.

Polycab India


3. Syngene International


Offering integrated discovery and development services to the healthcare sector.

Syngene International


4. Bharat Heavy Electricals (BHEL)


Expertise in power generation and transmission equipment.

Bharat Heavy Electricals (BHEL)


5. Persistent Systems


IT services and solutions provider with steady growth focusing on emerging technologies.

Persistent Systems


Enhancing retail banking operations, asset quality focus, and digitisation efforts.



Also read - Invest in high-potential mid-cap and small-cap PMS strategies.


7. Mphasis

Strong client relationships and digital transformation expertise.



8. Aditya Birla Fashion & Retail


Strong brand portfolio and omnichannel strategies for retail fashion growth.

Aditya Birla Fashion & Retail


9. Godrej Properties


Established brand, quality projects, and pan-India presence.

Godrej Properties


10. Federal Bank


Consistent financial performance and prudent risk management.

Federal Bank


11. Astral


Leading manufacturer with growth prospects and sustainable solutions.



12. Schaeffler India


Strong technological expertise, diversified product portfolio, and strategic partnerships.

Schaeffler India


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Related: 150 Small-Cap Stocks Beat Expectations with 53% Surge in FY24


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.



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