Nearly 30 stocks where MFs raised stake more than doubled wealth in 2017; do you own any?
A flat 2016, bulls clearly dominated D-Street in 2017 as benchmark indices rallied nearly 25 percent in the year. The biggest contributor to the rally were retail investors as more household savings got channelized into equity markets via mutual funds (MFs).
Small and midcap stocks rallied, thanks to record inflows from mutual fund throughout the year 2017. As many as 28 stocks in which fund managers raised stake throughout 2017 more than doubled investors’ wealth which includes names like HEG, Yuken Ltd, V2 Retail, Dilip Buildcon, Minda Industries, SpiceJet, JM Financial, NOCIL, Ramkrishna Forging, Tata Metaliks, Jindal Steel etc. among others.
Majority of stocks mentioned in the list belong to the small and midcap space. It looks like mutual fund managers are testing new waters as some of the investment made are for the very first time in the year 2017.
Fund managers raised stake from 0.04 percent to 1.6 percent in HEG which has already given a return of over 1000 percent so far in the year 2017.
Small and midcap stocks rallied, thanks to record inflows from mutual fund throughout the year 2017. As many as 28 stocks in which fund managers raised stake throughout 2017 more than doubled investors’ wealth which includes names like HEG, Yuken Ltd, V2 Retail, Dilip Buildcon, Minda Industries, SpiceJet, JM Financial, NOCIL, Ramkrishna Forging, Tata Metaliks, Jindal Steel etc. among others.
Majority of stocks mentioned in the list belong to the small and midcap space. It looks like mutual fund managers are testing new waters as some of the investment made are for the very first time in the year 2017.
Fund managers raised stake from 0.04 percent to 1.6 percent in HEG which has already given a return of over 1000 percent so far in the year 2017.
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