Top 10 smallcaps that mutual funds bought & sold in May

NEW DELHI: Mirza International, Maharashtra Scooters and PCBL were some of the smallcap stocks that mutual funds bought in May despite a sharp market selloff.

The month saw the BSE Smallcap index plunging 7.8 per cent compared with a 5.2 per cent drop in the midcap index and a 2.6 per cent fall in the benchmark Sensex.

While the indices fell, there was no dearth of money flowing into mutual funds.

Inflows, ex-NFOs, increased to Rs 18,500 crore compared with Rs 12,800 crore in April, up 45 per cent. SIP inflows also trended higher with inflows in May 2022 at Rs 12,300 crore, ICICIdirect said in a note.

Among stocks, mutual funds increased their holding in Mirza International to 23 lakh shares from 13 lakh shares in April, owning shares worth Rs 52 crore in May against Rs 28 crore earlier.

MFs held 1 lakh Maharashtra Scooters shares worth Rs 48 crore at the end of April. They held Rs 62 crore worth 2 lakh shares in the company at the end of May.

In PCBL, MF increased holding to 1.03 crore shares from 81 lakh shares. They owned PCBL shares worth Rs 109 crore at May-end against Rs 90 crore a month ago.

In Tatva Chintan Pharma Chem, MF holding jumped to Rs 533 crore from Rs 420 crore as MFs increased holding to 23 lakh shares from 18 lakh shares.

RBL Bank, JK Paper, Insecticides (India), Route Mobile, Go Fashion (India) andNazara Technologies were some other smallcaps where MFs upped their holding in May.


Meanwhile, MFs cut their holding in Intellect Design Arena to 21 lakh shares from 32 lakh shares. They owned 139 crore worth of Intellect shares in May against Rs 250 crore in April.

CPCL, Ashiana Housing, The India Cements, Polyplex Corporation, Indiabulls Real Estate and Mastek saw a reduction in MF holdings during the month.

Caplin Point Laboratories, Amara Raja Batteries and Jindal Stainless were some other companies where MFs trimmed stakes in May.


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