{"id":1014,"date":"2022-12-22T00:00:00","date_gmt":"2022-12-22T00:00:00","guid":{"rendered":"https:\/\/elementummoney.com\/blog\/2022\/12\/22\/mid-cap-funds-nov-2022\/"},"modified":"2024-01-05T10:55:51","modified_gmt":"2024-01-05T10:55:51","slug":"mid-cap-funds-nov-2022","status":"publish","type":"post","link":"https:\/\/elementummoney.com\/blog\/mid-cap-funds-nov-2022\/","title":{"rendered":"Mid Cap Funds – November 2022"},"content":{"rendered":"\n

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.<\/strong><\/p>\n\n\n\n

Fund category definition:<\/strong> Funds with minimum 65{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} portfolio allocation to Mid Cap (101-250 by market cap size) stocks<\/p>\n\n\n\n

Benchmark: <\/strong>Nifty Mid Cap 150 TRI with a change of 1.94{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in November 2022 and a 1-year return of 8.74{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

All data as on:<\/strong> 30th<\/sup> November, 2022<\/p>\n\n\n\n

Summary<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

With the merger of L&T and HSBC mutual funds, HSBC India Mid Cap fund come back in at ninth spot pushing UTI out.<\/p>\n\n\n\n

Sundaram has hitched up it\u2019s expense ratio by almost 15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, bringing it up to a pricey 1.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

Nippon has increased it\u2019s portfolio size by 3 whereas SBI has reduced it\u2019s portfolio by 3.<\/p>\n\n\n\n

This month, in this category too the greens are a rare sight with only three funds (HDFC, Nippon and Mirae) making the cut. In the one-year performance, Kotak and Sundaram add on to make it a 50-50 bet for green and red split.     <\/p>\n\n\n\n

Market Cap Allocation<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

I limit myself to mentioning market cap allocation changes above 2{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, which yet again finds no takers this month.<\/p>\n\n\n\n

Axis is the only fund that remains below the 90{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} equity exposure mark.<\/p>\n\n\n\n

Top 5 Sectors<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"
Sector Ranking Colour Code<\/figcaption><\/figure>\n\n\n\n

It\u2019s been a very quiet month on the sector allocation front.<\/p>\n\n\n\n

Franklin sees an organic swap between Consumer Durables and Cement with the latter inching it\u2019s way to the Top 5 Sectors.<\/p>\n\n\n\n

In Sundaram, although there is 0.95{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} increased allocation to Shriram Transport Finance, Financial as a sector sees a drop with LIC Housing Finance getting a 1.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} slash (down to a barely-there 0.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and a complete exit from Shriram City Union Finance (0.69{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Instead, Consumer Non-Durables fills in the vacuum with a place in the Top 5 Sectors.<\/p>\n\n\n\n

Top 10 Stocks & Movement<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"
Stock Ranking Colour Code<\/figcaption><\/figure>\n\n\n\n

HDFC has trimmed it\u2019s allocation in Indian Hotels by 0.77{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (now at 4.62{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Kotak has only the Shriram Transport and Shriram City Union Finance swap worth mentioning.<\/p>\n\n\n\n

Apart from the MindTree and L&T Infotech switch, Axis has three new additions \u2013 Mahindra & Mahindra Financial Services (0.48{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Fine Organic (0.14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Global Health (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). It has exited two stocks \u2013 Oberoi Realty (0.30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Mahindra CIE Automotive (0.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). <\/p>\n\n\n\n

DSP has exited it\u2019s 1.14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in SBI Life Insurance.<\/p>\n\n\n\n

Nippon has massively increased it\u2019s allocation in Zomato by 0.88{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, taking it up to 1.15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund has five new additions \u2013 RBL Bank (0.51{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), UltraTech Cement (0.43{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), MphasiS (0.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), HPCL (0.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Cummins (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). There are two exits this month \u2013 Tata Motors (0.55{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Bandhan Bank (0.47{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

The MindTree and L&T Infotech switch is in action in Mirae. Beyond that, the fund has two new additions \u2013 Biocon (0.73{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Balkrishna Industries (0.57{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). There are also two chunky exits \u2013 MRF (1.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Motherson Sumi Wiring (1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

SBI has increased it\u2019s position substantially in two stocks \u2013 Sundaram Finance by 0.87{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (now at 1.62{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and K.P.R. Mills by 0.81{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (now at 1.22{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The fund has made three exits \u2013 Shriram City Union Finance (0.65{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Crompton Greaves Consumer Electricals (0.54{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and NCC (0.31{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Franklin has substantially increased it\u2019s allocation in PB Fintech by 0.76{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (now at 1.17{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The fund has added a new 0.51{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Tata Steel.<\/p>\n\n\n\n

Apart from the changes mentioned above – Sundaram has beefed up it\u2019s position in SBI by 0.91{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} taking it up to 1.36{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.  There are also the usual shifts between MindTree and L&T Infotech as well as Shriram Transport Finance and Shriram City Union Finance. The fund has a new 1.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Cadila Healthcare.<\/p>\n\n\n\n

Check out the other categories and what the funds there were up to:<\/p>\n\n\n\n

Large Cap Funds \u2013 November 2022<\/a><\/p>\n\n\n\n

Flexi Cap Funds \u2013 November 2022<\/a><\/p>\n\n\n\n

Multi Cap Funds \u2013 November 2022<\/a><\/p>\n\n\n\n

Large & Mid Cap Funds \u2013 November 2022<\/a><\/p>\n\n\n\n

\u00a0Small Cap Funds \u2013 November 2022<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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 1.94{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in November 2022 and a 1-year return of 8.74{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. All data as on: 30th November, 2022 Summary With the merger of L&T and HSBC mutual funds, HSBC India Mid Cap fund come back in at ninth spot pushing UTI out. Sundaram has hitched up it\u2019s expense ratio by almost 15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, bringing it up to a pricey 1.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Nippon has increased it\u2019s portfolio size by 3 whereas SBI has reduced it\u2019s portfolio by 3. This month, in this category too the greens are a rare sight with only three funds (HDFC, Nippon and Mirae) making the cut. In the one-year performance, Kotak and Sundaram add on to make it a 50-50 bet for green and red split.      Market Cap Allocation I limit myself to mentioning market cap allocation changes above 2{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, which yet again finds no takers this month. Axis is the only fund that remains below the 90{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} equity exposure mark. Top 5 Sectors It\u2019s been a very quiet month on the sector allocation front. Franklin sees an organic swap between Consumer Durables and Cement with the latter inching it\u2019s way to the Top 5 Sectors. In Sundaram, although there is 0.95{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} increased allocation to Shriram Transport Finance, Financial as a sector sees a drop with LIC Housing Finance getting a 1.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} slash (down to a barely-there 0.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and a complete exit from Shriram City Union Finance (0.69{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Instead, Consumer Non-Durables fills in the vacuum with a place in the Top 5 Sectors. Top 10 Stocks & Movement HDFC has trimmed it\u2019s allocation in Indian Hotels by 0.77{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (now at 4.62{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Kotak has only the Shriram Transport and Shriram City Union Finance swap worth mentioning. Apart from the MindTree and L&T Infotech switch, Axis has three new additions \u2013 Mahindra & Mahindra Financial Services (0.48{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Fine Organic (0.14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Global Health (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). It has exited two stocks \u2013 Oberoi Realty (0.30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Mahindra CIE Automotive (0.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).  DSP has exited it\u2019s 1.14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in SBI Life Insurance. Nippon has massively increased it\u2019s allocation in Zomato by 0.88{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, taking it up to 1.15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund has five new additions \u2013 RBL Bank (0.51{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), UltraTech Cement (0.43{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), MphasiS (0.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), HPCL (0.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Cummins (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). There are two exits this month \u2013 Tata Motors (0.55{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Bandhan Bank (0.47{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The MindTree and L&T Infotech switch is in action in Mirae. Beyond that, the fund has two new additions \u2013 Biocon (0.73{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Balkrishna Industries (0.57{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). There are also two chunky exits \u2013 MRF (1.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Motherson Sumi Wiring (1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). SBI has increased it\u2019s position substantially in two stocks \u2013 Sundaram Finance by 0.87{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (now at 1.62{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and K.P.R. Mills by 0.81{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (now at 1.22{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The fund has made three exits \u2013 Shriram City Union Finance (0.65{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Crompton Greaves Consumer Electricals (0.54{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and NCC (0.31{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Franklin has substantially increased it\u2019s allocation in PB Fintech by 0.76{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} (now at 1.17{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The fund has added a new 0.51{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Tata Steel. Apart from the changes mentioned above – Sundaram has beefed up it\u2019s position in SBI by 0.91{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} taking it up to 1.36{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.  There are also the usual shifts between MindTree and L&T Infotech as well as Shriram Transport Finance and Shriram City Union Finance. The fund has a new 1.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Cadila Healthcare. Check out the other categories and what the funds there were up to: Large Cap Funds \u2013 November 2022 Flexi Cap Funds \u2013 November 2022 Multi Cap Funds \u2013 November 2022 Large & Mid Cap Funds \u2013 November 2022 \u00a0Small Cap Funds \u2013 November 2022<\/p>\n","protected":false},"author":1,"featured_media":1015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[554],"tags":[378],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/1014"}],"collection":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/comments?post=1014"}],"version-history":[{"count":13,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/1014\/revisions"}],"predecessor-version":[{"id":2180,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/1014\/revisions\/2180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media\/1015"}],"wp:attachment":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media?parent=1014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/categories?post=1014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/tags?post=1014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}