{"id":880,"date":"2022-03-20T00:00:00","date_gmt":"2022-03-20T00:00:00","guid":{"rendered":"https:\/\/elementummoney.com\/blog\/2022\/03\/20\/mid-cap-funds-feb-2022\/"},"modified":"2024-01-05T11:37:37","modified_gmt":"2024-01-05T11:37:37","slug":"mid-cap-funds-feb-2022","status":"publish","type":"post","link":"https:\/\/elementummoney.com\/blog\/mid-cap-funds-feb-2022\/","title":{"rendered":"Mid Cap Funds – February 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 -6.72{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in February 2022 and a 1-year return of 21.71{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

All data as on:<\/strong> 28th<\/sup> February, 2022<\/p>\n\n\n\n

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

Well well well. This is one of the two categories where all ten funds have done better and fallen lesser than the benchmark. Now, that\u2019s a pleasant surprise.<\/p>\n\n\n\n

As for the expense ratio, Mirae sees yet another increase, this time by 0.06{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to make it a 0.10{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} hike over the last two months. On the other hand, Kotak has come down by 0.06{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} while Franklin sees a cut of 0.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

Franklin\u2019s gone for a bit of shopping with 4 extra stocks while Sundaram sees another month of rationalisation with four stocks lesser to carry.<\/p>\n\n\n\n

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

Not much of a change in this aspect to write home about. Slight reduction in Small Cap and simultaneous increase in Mid Cap for HDFC and DSP.<\/p>\n\n\n\n

Top 5 sectors<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Within sectors, the most discernible shift is in Franklin. Consumer Non Durables as a sector sees a cut of 1.28{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. This is led, in a major part, by a 1.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} cut in Tata Consumer Products.<\/p>\n\n\n\n

Top 10 stocks & Movement<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Two significant movements in HDFC \u2013 increase of 0.85{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Cholamandlam Investment and Finance while there is a 0.78{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in Balkrishna Industries.<\/p>\n\n\n\n

This is another category where Kotak has taken an allocation to the newly listed Vedant Fashion (0.75{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), maker of Manyavar brand.<\/p>\n\n\n\n

Nippon has increased it\u2019s position in Axis Bank by 0.84{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} while completely exiting from it\u2019s 0.73{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in L&T.<\/p>\n\n\n\n

The Franklin fund manager has probably been the most active last month with quite a few noticeable moves \u2013 1.31{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in HDFC Bank and 1.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in Tata Consumer Product. This has been redeployed in new positions \u2013 Max Healthcare (1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Bharat Forge (1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Infosys (1.01{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Sundaram has reduced it\u2019s allocation to MRF by a big 1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} bringing it down to a tiny 0.39{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. It has also completely exited it\u2019s 0.76{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Aavas Financiers.<\/p>\n\n\n\n

SBI has made one major move of increasing it\u2019s allocation to P&G healthcare by 1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/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 Feb 2022<\/a><\/p>\n\n\n\n

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

Focused Funds \u2013 Feb 2022<\/a><\/p>\n\n\n\n

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

Small Cap Funds \u2013 Feb 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 -6.72{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in February 2022 and a 1-year return of 21.71{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. All data as on: 28th February, 2022 Summary Well well well. This is one of the two categories where all ten funds have done better and fallen lesser than the benchmark. Now, that\u2019s a pleasant surprise. As for the expense ratio, Mirae sees yet another increase, this time by 0.06{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to make it a 0.10{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} hike over the last two months. On the other hand, Kotak has come down by 0.06{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} while Franklin sees a cut of 0.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Franklin\u2019s gone for a bit of shopping with 4 extra stocks while Sundaram sees another month of rationalisation with four stocks lesser to carry. Market Cap Allocation Not much of a change in this aspect to write home about. Slight reduction in Small Cap and simultaneous increase in Mid Cap for HDFC and DSP. Top 5 sectors Within sectors, the most discernible shift is in Franklin. Consumer Non Durables as a sector sees a cut of 1.28{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. This is led, in a major part, by a 1.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} cut in Tata Consumer Products. Top 10 stocks & Movement Two significant movements in HDFC \u2013 increase of 0.85{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Cholamandlam Investment and Finance while there is a 0.78{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in Balkrishna Industries. This is another category where Kotak has taken an allocation to the newly listed Vedant Fashion (0.75{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), maker of Manyavar brand. Nippon has increased it\u2019s position in Axis Bank by 0.84{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} while completely exiting from it\u2019s 0.73{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in L&T. The Franklin fund manager has probably been the most active last month with quite a few noticeable moves \u2013 1.31{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in HDFC Bank and 1.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in Tata Consumer Product. This has been redeployed in new positions \u2013 Max Healthcare (1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Bharat Forge (1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Infosys (1.01{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Sundaram has reduced it\u2019s allocation to MRF by a big 1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} bringing it down to a tiny 0.39{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. It has also completely exited it\u2019s 0.76{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Aavas Financiers. SBI has made one major move of increasing it\u2019s allocation to P&G healthcare by 1.02{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Check out the other categories and what the funds there were up to: Large Cap Funds \u2013 Feb 2022 Flexi Cap Funds \u2013 Feb 2022 Focused Funds \u2013 Feb 2022 Large & Mid Cap Funds \u2013 Feb 2022 Small Cap Funds \u2013 Feb 2022<\/p>\n","protected":false},"author":1,"featured_media":881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[554],"tags":[369],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/880"}],"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=880"}],"version-history":[{"count":3,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/880\/revisions"}],"predecessor-version":[{"id":2802,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/880\/revisions\/2802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media\/881"}],"wp:attachment":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media?parent=880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/categories?post=880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/tags?post=880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}