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 35{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} portfolio allocation to Large Cap (top 100 by market cap size) stocks and 35{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} allocation to Mid Cap (101-250 by market cap size) stocks. Remaining 30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} is as per fund management.

Benchmark: Nifty LargeMid Cap 250 TRI with a change of -2.69{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in September 2022 and a one-year return of 1.39{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.

All data as on: 30th September, 2022

Summary

In terms of ranking, HDFC has inched up ahead of DSP Equity Opportunities to settle at sixth spot.

HDFC has reduced it’s expense ratio by 4 bps yet maintaining the tag of most expensive fund with a 1.19{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} cost.

Canara Robeco has trimmed it’s portfolio by 5 stocks to go down to a 54-holding portfolio.

When it comes to performance, it’s a fairly decent report card with only Mirae and Axis having underperformed the benchmark in September. That record is overturned when it comes to the 1-year performance with a more than half of six reds.

Market Cap Allocation

SBI has increased it’s Mid Cap allocation by about 2.35{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, which also shows in the total equity exposure going up.

None of the other funds have a substantial enough shift worth mentioning.

Top 5 Sectors

Sector Ranking Colour Code

In Canara Robeco, an exit from Tata Motors (0.49{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) has meant that Auto gets edged out by Consumer Durables in the top 5 sectors.

Kotak sees an organic swap between Construction and Software, with the latter featuring in the Top 5 Sectors this month.

SBI has gone turbo on Pharmaceuticals. From a barely there allocation, it is now the fourth highest sector with 6.76{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} thanks to three new additions – Abbott India (1.58{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Cipla (1.53{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Alkem (1.29{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

Consumer Non Durables has organically swapped out Petroleum products in HDFC.

Top 10 Stocks & Movement

Stock Ranking Colour Code

Mirae has three new additions – Prestige Estates (0.26{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Bharat Electronics (0.36{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Indraprastha Gas (0.48{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

Canara Robeco has taken a new 0.47{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Trent while exiting from a string of names – Tata Motors (0.49{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Tata Communications (0.28{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), LIC Housing Finance (0.23{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Tata Steel (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

Kotak has a pretty minor change with an exit from Dalmia Bharat (0.20{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

Axis has three new additions – Zomato (0.78{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Eicher Motors (0.71{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Sundaram Fasteners (0.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The fund has also exited it’s 0.36{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Tata Power.

In SBI, apart from the three big new additions to Pharma, the fund has also added Britannia (0.29{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Hatsun Agro Product (0.26{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). There are two exits as well – Tata Steel (1.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Persistent Systems (0.49{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

HDFC has added three new positions – Axis Bank (0.41{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Tech Mahindra (0.87{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Bank of Baroda (0.94{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

DSP has a minor change with the addition of G R Infraprojects (0.51{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

ICICI has hacked off 1.26{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} from ACC leaving it to a mere 0.43{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Beyond this also the fund is happy to be a change maker with a long list of new entrants and exits. The new kids on this portfolio’s block include – Indiamart Intermesh (0.10{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Gland Pharma (0.26{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), MphasiS (0.26{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Suprajit Engineering (0.30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), HDFC AMC (0.30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Avanti Feeds (0.34{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The stocks that have been shown the door include – Colgate Palmolive (0.15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Grasim Industries (0.24{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), City Union Bank (0.30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), SKF India (0.31{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Indian Hotels (0.34{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Aditya Birla Sun Life AMC (0.72{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

Aditya Birla has trimmed substantially from Infosys (by 1.25{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Reliance (by 0.93{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). The fund has exited Mphasis (0.36{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), while adding on Avenue Supermart (0.98{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Bharat Electronics (0.96{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

Sundaram has added on BEML Land Assets (0.22{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) while exiting from NATCO Pharma (0.34{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and LIC (0.28{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).

Check out the other categories and what the funds there were up to:

Large Cap Funds – September 2022

Flexi Cap Funds – September 2022

Multi Cap Funds – September 2022

Mid Cap Funds – September 2022

Small Cap Funds – September 2022