{"id":952,"date":"2022-08-20T00:00:00","date_gmt":"2022-08-20T00:00:00","guid":{"rendered":"https:\/\/elementummoney.com\/blog\/2022\/08\/20\/mid-cap-funds-july-2022\/"},"modified":"2024-01-05T11:18:25","modified_gmt":"2024-01-05T11:18:25","slug":"mid-cap-funds-july-2022","status":"publish","type":"post","link":"https:\/\/elementummoney.com\/blog\/mid-cap-funds-july-2022\/","title":{"rendered":"Mid Cap Funds – July 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 11.67{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in July 2022 and a 1-year return of 7.69{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

All data as on:<\/strong> 29th<\/sup> July, 2022<\/p>\n\n\n\n

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

In terms of AUM ranking, there\u2019s no change.<\/p>\n\n\n\n

Nippon has reduced its expense ratio by 4 basis points to still remain at a very high 1.20{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

In terms of number of stocks also, the funds have again been fairly stable.<\/p>\n\n\n\n

In this category too, last months\u2019 green dominated report card has been inverted. This month only 3 funds have outperformed the benchmark and the number goes up slightly to four for the 1-year performance.<\/p>\n\n\n\n

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

This month, many funds including Axis, HDFC, Nippon and Mirae see a 3{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} or more shift towards Mid Cap allocation. It looks like the remaining action from the AMFI reclassification last month.<\/p>\n\n\n\n

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

In Nippon, there is an organic swap between Consumer Durables and Leisure Services, with the latter making the cut to the Top 5 Sectors this month.<\/p>\n\n\n\n

Franklin sees an organic swap between Consumer Non Durables and Cement & Cement Products, with the latter featuring in the Top 5 Sectors this month.<\/p>\n\n\n\n

Organic swaps seem to be the order of the day with Chemicals knocking out Auto Ancilliaries in Sundaram.<\/p>\n\n\n\n

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

HDFC has substantially increased its\u2019 position in Coforge zooming up from 0.26{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to 1.66{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. There are also three exits \u2013 RITES (0.43{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Blue Star (0.42{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and WABCO India (0.27{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Axis has a new 0.29{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in SKF India. There are also two exits \u2013 Divi\u2019s Labs (0.20{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Gujarat Fluorochemicals (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Nippon has drastically cut down it\u2019s allocation in Dr. Reddy\u2019s Labs from 1.68{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to 0.31{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund has four new stocks \u2013 J.K. Cement make a re-entry after February (0.42{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Poonawalla Fincorp (0.39{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Ajanta Pharma (0.23{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and NMDC (0.22{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). There\u2019s also a long line of exits \u2013 Oil India (0.72{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Macrotech Developers (0.48{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), ICICI Prudential Life Insurance after a mere four months (0.41{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Lux Industries (0.17{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Fine Organic (0.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and LIC after two miniscule months (0.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Mirae has reduced it\u2019s position in Hindustan Aeronautics by 0.88{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, bringing it to less than half at 0.86{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. There are two new entrants \u2013 HPCL (0.86{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and NALCO (0.60{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The fund has also exited it\u2019s 0.67{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Jyothy Labs.<\/p>\n\n\n\n

Franklin has exited three stocks \u2013 Infosys (0.95{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Atul Ltd. (0.55{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and RBL Bank (0.15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). To make up for it, there are four new entrants \u2013 Coforge (1.00{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Escorts after a gap of 3 months (0.56{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Zomato (0.43{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Indusind bank (0.42{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Sundaram has two new entrants \u2013 United Breweries (0.74{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and APL Apollo Tubes (0.15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

UTI has exited it\u2019s 0.23{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Kansai Nerolac.<\/p>\n\n\n\n

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

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

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

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

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

<\/a>Small Cap Funds \u2013 July 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 11.67{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in July 2022 and a 1-year return of 7.69{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. All data as on: 29th July, 2022 Summary In terms of AUM ranking, there\u2019s no change. Nippon has reduced its expense ratio by 4 basis points to still remain at a very high 1.20{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. In terms of number of stocks also, the funds have again been fairly stable. In this category too, last months\u2019 green dominated report card has been inverted. This month only 3 funds have outperformed the benchmark and the number goes up slightly to four for the 1-year performance. Market Cap Allocation This month, many funds including Axis, HDFC, Nippon and Mirae see a 3{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} or more shift towards Mid Cap allocation. It looks like the remaining action from the AMFI reclassification last month. Top 5 sectors In Nippon, there is an organic swap between Consumer Durables and Leisure Services, with the latter making the cut to the Top 5 Sectors this month. Franklin sees an organic swap between Consumer Non Durables and Cement & Cement Products, with the latter featuring in the Top 5 Sectors this month. Organic swaps seem to be the order of the day with Chemicals knocking out Auto Ancilliaries in Sundaram. Top 10 stocks & Movement HDFC has substantially increased its\u2019 position in Coforge zooming up from 0.26{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to 1.66{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. There are also three exits \u2013 RITES (0.43{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Blue Star (0.42{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and WABCO India (0.27{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Axis has a new 0.29{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in SKF India. There are also two exits \u2013 Divi\u2019s Labs (0.20{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Gujarat Fluorochemicals (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Nippon has drastically cut down it\u2019s allocation in Dr. Reddy\u2019s Labs from 1.68{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to 0.31{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund has four new stocks \u2013 J.K. Cement make a re-entry after February (0.42{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Poonawalla Fincorp (0.39{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Ajanta Pharma (0.23{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and NMDC (0.22{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). There\u2019s also a long line of exits \u2013 Oil India (0.72{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Macrotech Developers (0.48{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), ICICI Prudential Life Insurance after a mere four months (0.41{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Lux Industries (0.17{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Fine Organic (0.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and LIC after two miniscule months (0.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Mirae has reduced it\u2019s position in Hindustan Aeronautics by 0.88{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, bringing it to less than half at 0.86{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. There are two new entrants \u2013 HPCL (0.86{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and NALCO (0.60{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The fund has also exited it\u2019s 0.67{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Jyothy Labs. Franklin has exited three stocks \u2013 Infosys (0.95{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Atul Ltd. (0.55{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and RBL Bank (0.15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). To make up for it, there are four new entrants \u2013 Coforge (1.00{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Escorts after a gap of 3 months (0.56{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Zomato (0.43{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Indusind bank (0.42{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Sundaram has two new entrants \u2013 United Breweries (0.74{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and APL Apollo Tubes (0.15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). UTI has exited it\u2019s 0.23{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Kansai Nerolac. Check out the other categories and what the funds there were up to: Large Cap Funds \u2013 July 2022 Flexi Cap Funds \u2013 July 2022 Multi Cap Funds \u2013 July 2022 Large & Mid Cap Funds \u2013 July 2022 Small Cap Funds \u2013 July 2022<\/p>\n","protected":false},"author":1,"featured_media":953,"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\/952"}],"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=952"}],"version-history":[{"count":9,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/952\/revisions"}],"predecessor-version":[{"id":2509,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/952\/revisions\/2509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media\/953"}],"wp:attachment":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media?parent=952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/categories?post=952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/tags?post=952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}