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.
In terms of AUM, Sundaram has made it’s way above L&T Midcap while Mirae has inched it’s way above UTI Mid cap to 9th spot.
The returns are definitely lower than the part September seemed to be. While Nifty Midcap 100 TRI moved by 0.29%, Nifty Midcap 150 TRI moved by 0.27%. DSP, Franklin and Sundaram, all three failed to meet the benchmark while L&T just about made that cut. Other 6 funds gave much better returns than both these benchmarks.
Nippon continues to maintain a highly (over?) diversified portfolio with 85 stocks.
Market Cap Allocation
Within these funds, Franklin and Axis remain the more conservative ones with a more than 20% allocation to Large Caps. On the other hand, HDFC, Nippon, Mirae and UTI all four have a more than 15% allocation to small cap stocks opening themselves to higher risk, atleast as per text book wisdom.
Top 5 sectors
Consumer Durables is the most popular sector here making it’s way to the top 5 in eight of the ten funds. Banks and software follow with being in the top 5 sectors for seven of the ten funds.
Healthcare services is the only unique top 5 sector, limited to UTI Mid Cap.
Top 10 stocks
I know this table looks more like a find me if you can types. But, well, what was I to do if all fund managers seem to have a mind of their own.
While Mphasis and Cholamandlam make their way in the top 10 for five or more funds, there are 22 stocks which might be present in other funds but are uniquely in the top 10 for just one of them. Makes for an interesting study.