INSUBCONTINENT EXCLUSIVE:
Smallcap stocks created much more wealth for equity mutual funds in last one year compared with midcaps and largecaps
Smallcap-focussed equity funds delivered an average of 21 per cent return for last one year, whereas midcap, multicap and largecap-oriented
funds delivered 15 per cent, 14.79 per cent and 13.39 per cent, respectively, data available on valueresearchonline.com showed.
At least
five funds, including LT Emerging Opportunities Fund, Motilal Oswal Long Term Equity Fund and Principal Dividend Yield Fund, held graphite
second best performing stock Graphite India was among top favourites of AMCs such as HSBC, LT, UTI
Graphite India rallied 450 per cent during the year.
Rain Industries, a favourite pick of value investors such as Dolly Khanna and Mohnish
Pabrai, was also favourite with mutual fund schemes such as Principal Growth Fund and Edelweiss Multi-Cap Fund
This stock has surged 250 per cent in last one year.
India Ratings and Research on April 13 upgraded Rain Industries Long-Term Issuer Rating
The upgrade reflects an improvement in the credit metrics of Rain in 2017
positive and being consequently utilised for overall debt reduction, the rating agency said.
Three mutual fund schemes of Aditya Birla Sun
Life held Nath Bio-Genes (India), a stock that has jumped over 150 per cent in last one year
The company is engaged in hybrid seeds business.
More than 15 mutual fund schemes held stocks like Shankara Building Products, Minda
Industries, GNA Axles, NIIT Technologies, Jubilant FoodWorks, Sterlite Technologies, KEI Industries, Rane Holdings, Dilip Buildcon, MM
included Everest Industries, HIL, Indiabulls Real Estate, Sunteck Realty, JMC Projects, NR Agarwal Industries, Gujarat Ambuja Exports,
Visaka Industries, Automotive Axles, Nocil, Teamlease Services, Lux Industries, Meghmani Organics, V2 Retail, Butterfly Gandhimathi
Appliances, Action Construction and GVK Power, Avanti Feeds, Mastek and Radico Khaitan.
These stocks were common in the portfolios of a
number of mutual funds schemes as of March 31, 2018.
Religare Broking is positive on Teamlease Services (TEAM) with a target price of Rs
Equirus Securities believes that stock can touch Rs 2,910 by March 31, 2019
Avanti Feeds is the largest shrimp feeds producer and is also into processed shrimp exports.
For Calendar 2017, domestic shrimp exports rose
39 per cent and 45 per cent YoY in terms of volume and value, respectively, while underlying demand in the US grew 10 per cent and 15 per
cent YoY in terms of volume and value, respectively
India further increased its market share to 29 per cent in February 2018 (from 27 per cent in February 2017 and 32 per cent in CY17),
Equirus said in a report.
In March 2018, SIP contribution of mutual fund investors soared to the highest ever at Rs 7,119 crore from Rs
6,425 crore in February 2018 and Rs 4,335 crore in the corresponding month last year.
