Top-performing Mid-cap Schemes have 8 common stocks in Portfolios
In the last year, a few common stocks resemble to be making the production of some of the top-performing midcap funds. In which, Federal Bank, Voltas, Bharat Forge, JK Cement, Crompton Greaves Consumer Electricals, SRF and Coromandel International, and Publicly available portfolio data of the 5 top-performing mid-cap funds.
According to the reports, certain funds produced nearly 36 to 55 % returns in the last year against a 23% rise in the Bombay Stock Exchange’s benchmark Sensex.
As per the source, the PGIM India Midcap Opportunity fund generated 55% returns, SBI Magnum Midcap Fund produced 40%, Mirae Asset Mid-cap Scheme returned 39.60%. On the other hand, Quant Mid-cap Fund raised 36.13%, Edelweiss scheme performed 36%.
As of January 31, PGIM Mid-cap Opportunity’s biggest stock bet remains Voltas. It was also among the top 10 bets of the Mirae Asset Mid-cap Fund. During the last year, the stock raised nearly 37%.
Besides, the Federal Bank is the sixth-largest stock bet to the PGIM scheme. However, this is the biggest one of the Mirae Asset Mid-cap scheme. It showed nearly 4.36%. Further, Federal remains the second-biggest bet for the Edelweiss scheme.
As per AMFI reports, among the top 10 holdings of Mirae Asset mid-cap scheme, JK cement showed 3.02%. It remains also one of the biggest bet for SBI Magnum and Edelweiss schemes with 3.65% and 2.68% respectively.
Coromandel International is another best and biggest stock bet for those mid-cap schemes. On the other hand, Bharat Forge is common stock for PGIM, Mirae. Besides, SRF is for Mirae Asset and Edelweiss. Besides, Crompton Greaves Consumer Electricals knew stock bet for SBI and Edelweiss.
According to the source, in the one year span, the SRF raised 31%, Crompton Greaves 35%, Cholamandalam Investments 59%, and Coromandel gained 21%,