Before I start off on any analysis in this segment, even at the cost of a repetitive bore I will put forth this disclaimer. All fund schemes are taken as direct. However, even if you are a direct investor, hire a financial advisor that you trust who can guide with investments. Pay for your advice.
Fund category definition: Funds with minimum 65{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} portfolio allocation to Mid Cap (101-250 by market cap size) stocks
Benchmark: Nifty Mid Cap 150 TRI with a change of 1.84{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in October 2022 and a 1-year return of 5.27{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.
All data as on: 31st October, 2022
Summary
It is another month of consistent AUM rankings.
For the second consecutive month, Nippon has increased it’s expense ratio, this time by 4 basis points to go above the 1-mark and settle in at 1.01{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.
There is no substantial change in the number of stocks.
This month, while Mirae yet again remains unable to beat the benchmark, it is joined by seven other funds taking the red tally to eight. Although for the one-year performance, the red performers have increased only for three to five.
Market Cap Allocation
I limit myself to mentioning market cap allocation changes above 2{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, which find no takers this month.
Top 5 Sectors
It’s been a fairly quiet month on the sector allocation front.
There’s an organic swap between Aerospace & Defence and Banks, with the latter finding a spot in Top 5 Sectors this month.
In another organic swap, Consumer Durables has been nudged out by Axis.
Top 10 Stocks & Movement
HDFC has a new 0.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} allocation to Aarti Pharmalabs.
Axis has exited the only new stock it bought last month – Delhivery (0.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). There are two minor additions as well – K.P.R. Mill (0.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Aarti Pharmalabs (0.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886})
DSP has one chunky exit – Voltas (1.47{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Simultaneously, it has taken a new 0.28{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Can Fin Homes.
Nippon has trimmed it’s allocation to Indian Hotels by 1.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, bringing it down to 1.60{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. As usual, chop and add remains the strategy here. Five stocks have been exited – Cholamandalam Investment and Finance (0.55{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), IOCL (0.47{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), SRF (0.35{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Ashok Leyland (0.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Inox Leisure (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Four new stocks have been added on to the portfolio – Lupin (0.81{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Gland Pharma (0.39{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), NMDC Steel (0.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Bharat Heavy Electricals (0.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).
Mirae has added a new 0.56{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Prestige Estates Projects.
SBI has increased it’s position in P&G Hygiene and Healthcare by 1.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (taking it up to 3.38{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), while trimming that of Crompton Greaves Consumer Electricals by 0.82{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (down to 0.54{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The fund has two exits – Indian Bank (0.49{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Housing and Urban Development Corporation Limited (0.24{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Balancing it out are two new stocks – Grindwell Norton (1.14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and K.P.R. Mills (0.41{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).
Franklin has exited it’s 0.82{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Aarti Industries, although the fund did still get 0.06{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} allocation to Aarti Pharmalabs which might be thanks to some remnant of the parent company on the demerger record date. Apart from that, the fund has also added 0.45{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Zee Entertainment.
Sundaram has added 0.45{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in SBI.
UTI has two new stocks in the fray – Ramco Cements (0.56{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Aarti Pharmalabs (0.09{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).
Check out the other categories and what the funds there were up to:
Large Cap Funds – October 2022
Flexi Cap Funds – October 2022
Multi Cap Funds – October 2022
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