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    7 stocks added by more than 10 MF schemes in September rallied over 100% in CY23

    By
    , ETMarkets.com|
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    Popular Picks

    In September 2023, mutual funds (MFs) continued to express a favourable sentiment towards the Indian equity market, demonstrating a net purchasing activity of around Rs 20,843 crore. Throughout the year 2023, except for April, MFs consistently maintained their status as net buyers every other month.

    According to a recent analysis by ETMarkets, it was observed that 59 stocks were newly added to the portfolios of at least 10 MF schemes in September, as compared to the previous month. Among the selection of 59 stocks, 45 have delivered returns surpassing 10% in the present year of 2023. In this particular context, we've singled out seven top-performing stocks that have transformed into multibaggers during the year 2023. (Data Source: ACE MF | ACE Equity)

    Agencies
    Kaynes Technology India | Price Return in CY23 so far: 262%
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    Kaynes Technology India | Price Return in CY23 so far: 262%

    In September 2023, the count of MF schemes holding stock increased to 54, compared to 34 in August.
    The market value of the stock in equity MFs as of September amounted to Rs 1475 crore.

    iStock
    BSE | Price Return in CY23 so far: 171%
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    BSE | Price Return in CY23 so far: 171%

    In September 2023, the count of MF schemes holding stock increased to 48, compared to 30 in August.
    The market value of the stock in equity MFs as of September amounted to Rs 877 crore.

    Reuters
    REC | Price Return in CY23 so far: 149%
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    REC | Price Return in CY23 so far: 149%

    In September 2023, the count of MF schemes holding stock increased to 157, compared to 122 in August.
    The market value of the stock in equity MFs as of September amounted to Rs 6570 crore.

    Agencies
    Power Finance Corporation | Price Return in CY23 so far: 120%
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    Power Finance Corporation | Price Return in CY23 so far: 120%

    In September 2023, the count of MF schemes holding stock increased to 175, compared to 140 in August.
    The market value of the stock in equity MFs as of September amounted to Rs 10005 crore.

    Agencies
    Aurobindo Pharma | Price Return in CY23 so far: 109%
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    Aurobindo Pharma | Price Return in CY23 so far: 109%

    ​In September 2023, the count of MF schemes holding stock increased to 129, compared to 119 in August.
    The market value of the stock in equity MFs as of September amounted to Rs 6050 crore.

    Agencies
    Cholamandalam Financial Holdings | Price Return in CY23 so far: 109%
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    Cholamandalam Financial Holdings | Price Return in CY23 so far: 109%

    In September 2023, the count of MF schemes holding stock increased to 73, compared to 60 in August.
    ​The market value of the stock in equity MFs as of September amounted to Rs 5364 crore.

    ETMarkets.com
    Polycab India | Price Return in CY23 so far: 104%
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    Polycab India | Price Return in CY23 so far: 104%

    In September 2023, the count of MF schemes holding stock increased to 139, compared to 121 in August.
    The market value of the stock in equity MFs as of September amounted to Rs 4920 crore.

    ETMarkets.com
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