“Small-cap Funds” are usually known as the Funds that invest predominantly in small-cap stocks with a very small portion invested in higher market cap categories. Small-cap stocks are typically focused companies with little diversification in the core business and a single line of business.
Recently, Ms. Madhabi Puri Buch, Chief of the Securities and Exchange Board of India (SEBI), raised concerns about the small-cap, mid-cap, and small and medium enterprises (SME) segment flagging a “froth” in the segments.
Listed below are two stocks under the ‘small’ as well as ‘mid-cap’ categories that are present under the portfolio of well-known Mutual Funds in India that witnessed the highest offloading of their stake as per the February 2024 data:
Quantum Small Cap Fund
Incorporated in 1996, Quantum Small Cap Fund has an expense ratio of 0.70 and Assets Under Management (AUM) of approximately Rs 17,200 crores. Listed below are two small-cap stocks that saw a dip in holdings as per the February 2024 data:
Indian Renewable Energy Development Agency Limited
With a market capitalization of Rs 35,505.37 crores, the stocks of Indian Renewable Energy Development Agency Limited (IREDA), engaged in the business of promoting and extending financial assistance for new and renewable energy projects, currently trade at Rs 132.10, slipping approximately 0.80 percent as compared to the previous close of Rs 133.10 apiece.
As of February 2024, the Fund has offloaded 2.40 percent of its holdings in the company as a one-month change. In the past month, the company’s stock has slipped around 26 percent.
Gujarat State Petronet Limited
With a market capitalization of Rs 19,448.37 crores, the stocks of Gujarat State Petronet Limited, engaged in the transmission of Natural gas through pipelines, currently trade at Rs 344.70, gaining approximately 0.70 percent as compared to the previous close of Rs 342.40 apiece.
As of February 2024, the Fund has offloaded 0.30 percent of its holdings in the company as a one-month change. In the past month, the company’s stock has slipped around 7 percent.
ICICI Prudential Smallcap Fund
Incorporated in 2013, ICICI Prudential Smallcap Fund has an expense ratio of 0.60 and Assets Under Management (AUM) of Rs 7,500 crores. Listed below are two small-cap stocks that saw a dip in holdings as per the February 2024 data:
Vijaya Diagnostic Centre Limited
With a market capitalization of Rs 6,310.12 crores, the stocks of Vijaya Diagnostic Centre Limited, a leading diagnostic medicare services provider in Southern India, currently trade at Rs 616.55, gaining approximately 1.30 percent as compared to the previous close of 608.45 apiece.
As of February 2024, the Fund has offloaded 0.76 percent of its holdings in the company as a one-month change. In the past month, the company’s stock has slipped around 3 percent.
V-Mart Retail Limited
With a market capitalization of Rs 3,922.99 crores, the stocks of V-Mart Retail Limited, engaged in the business of value retailing through the chain of stores, currently trade at Rs 1,983.65, slipping approximately 1.60 percent as compared to the previous close of Rs 2,015.65 apiece.
As of February 2024, the Fund has offloaded 0.75 percent of its holdings in the company as a one-month change. In the past month, the company’s stock has slipped around 1 percent.
Kotak Small Cap Fund
Incorporated in 2005, Kotak Small Cap Fund has an expense ratio of 0.43 and Assets Under Management (AUM) of Rs 14,200 crores. Listed below are two small-cap stocks that saw a dip in holdings as per the February 2024 data:
Ratnamani Metals and Tubes Limited
With a market capitalization of Rs 18,806.73 crores, the stocks of Ratnamani Metals and Tubes Limited, engaged in the manufacturing of stainless steel pipes, tubes, etc, currently trade at Rs 2,683.15, slipping approximately 1.40 percent as compared to the previous close of Rs 2,721.35 apiece.
As of February 2024, the Fund has offloaded 0.43 percent of its holdings in the company as a one-month change. In the past month, the company’s stock has slipped around 14 percent.
Amara Raja Energy & Mobility Limited
With a market capitalization of Rs 13,488.21 crores, the stocks of Amara Raja Energy & Mobility Limited, one of the largest manufacturers of lead-acid batteries in India, currently trade at Rs 789.65, gaining approximately 0.20 percent as compared to the previous close of Rs 788.15 apiece.
As of February 2024, the Fund has offloaded 0.40 percent of its holdings in the company as a one-month change. In the past month, the company’s stock has slipped around 10 percent.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
