They include names like Federal Bank, Voltas, Bharat Forge, JK Cement, Crompton Greaves Consumer Electricals, SRF and Coromandel International, among others, publicly available portfolio data of the five top-performing midcap funds showed.
These schemes delivered 36-55 per cent returns for the last one year against a 23 per cent rise in the BSE Sensex. The schemes are PGIM India Midcap Opportunity Fund (up 55 per cent), SBI Magnum Midcap Fund (up 40 per cent), Mirae Asset Midcap Fund (up 39.6 per cent), Quant Midcap Fund (up 36.13 per cent) and Edelweiss Midcap Fund (up 36 per cent). Except for Quant Midcap Fund, other four share many common stocks among their top 10 bets.
Data showed PGIM Midcap Opportunity’s biggest stock bet, Voltas, as of January 31 (3.50 per cent weightage) was also among the top 10 bets of Mirae Asset Midcap Fund (3.05 per cent weightage). The stock is up 37 per cent in the last one year.
PGIM’s sixth largest stock bet Federal Bank (3.16 per cent) is Mirae Asset Midcap Fund’s biggest bet with 4.36 per cent weightage and Edelweiss Midcap’s second biggest bet with 3.66 per cent weightage. This stock has recovered fully from March lows and is flat for the one-year period.
JK Cement figures among the top 10 holdings of Mirae Asset Midcap Fund (3.02 per cent weight), SBI Magnum Midcap Fund (3.65 per cent) and Edelweiss Midcap Fund (2.68 per cent). This stock has soared 81 per cent in the last one year.
Coromandel International is the common stock in the portfolios of SBI Magnum Midcap Fund (4.02 per cent) and Edelweiss Midcap Fund (2.56 per cent). Cholamandalam Investment is common stock in SBI Magnum Midcap Fund (5.83 per cent) and Edelweiss Midcap Fund (4.56 per cent). Coromandel has gained 21 per cent in the last one year and Cholamandalam Investment 59 per cent.
Bharat Forge is common stock in the portfolios of PGIM (2.78 per cent weight) and Mirae (2.86 per cent) funds. This stock has climbed 25 per cent in last one year. SRF is common in Mirae Asset Midcap (4.07 per cent) and Edelweiss Midcap fund (3.19 per cent). Crompton Greaves Consumer Electricals has SBI Magnum Midcap (3.06 per cent) and Edelweiss (3.05 per cent) as investors. SRF added 31 per cent in a year, and Crompton Greaves 35 per cent.