12 stocks held by maximum number of midcap mutual fund schemes in July
-
3 months ago
ETMarkets has compiled a list of the stocks most widely held by midcap mutual fund schemes as of July. About 12 stocks are held by over 18 midcap mutual fund schemes. Notably, 9 of these stocks have delivered over 25% returns so far in CY24, including companies like Dixon Technologies (India), Cummins India, Voltas, and The Phoenix Mills (Data Source: ACE MF, ACE Equity). Midcap mutual funds invest at least 65% of their corpus in companies lying between 101 and 250 by market capitalisation, according to mutual fund body AMFI’s classification. These companies have the potential to become large entities in the future and the ability to outperform even largecap funds or diversified equity funds during a bull run.
Economic Times