12 stocks backed by 100+ MFs have gained over 50% in FY24
1/13
Rewarding Bets
Investors feel reassured when they invest in stocks that are favored by multiple mutual fund (MF) schemes. Based on a comprehensive analysis carried out by ETMarkets, it was revealed that out of the 128 stocks held by more than 100 MF schemes in August, roughly 108 of them delivered price returns surpassing 10% in FY24. Additionally, the analysis pinpoints 12 stocks that witnessed a remarkable surge of over 50% in FY24 thus far, all of which were part of the portfolios of more than 100 MF schemes in August '23. (Data Source: ACE MF)
2/13
REC
Price Return in FY24 so far: 134% | Previous Close (September 8): Rs 270
- Number of MF schemes that held stock in August: 121
- The market value of the stock in equity MFs as of August amounted to Rs 4,773 crore
3/13
Power Finance Corporation
Price Return in FY24 so far: 101% | Previous Close: Rs 305
- Number of MF schemes that held stock in August: 140
- The market value of the stock in equity MFs as of August amounted to Rs 7,984 crore.
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4/13
Zomato
Price Return in FY24 so far: 95% | Previous Close: Rs 99
- Number of MF schemes that held stock in August: 159
- The market value of the stock in equity MFs as of August amounted to Rs 7,976 crore.
5/13
Polycab India
Price Return in FY24 so far: 81% | Previous Close: Rs 5199
- Number of MF schemes that held stock in August: 121
- The market value of the stock in equity MFs as of August amounted to Rs 4,253 crore.
6/13
Dixon Technologies (India)
Price Return in FY24 so far: 79% | Previous Close: Rs 5122
- Number of MF schemes that held stock in August: 110
- The market value of the stock in equity MFs as of August amounted to Rs 4,531 crore.
7/13
Lupin
Price Return in FY24 so far: 74% | Previous Close: Rs 1129
- Number of MF schemes that held stock in August: 119
- The market value of the stock in equity MFs as of August amounted to Rs 8,262 crore.
8/13
Aurobindo Pharma
Price Return in FY24 so far: 66% | Previous Close: Rs 859
- Number of MF schemes that held stock in August: 119
- The market value of the stock in equity MFs as of August amounted to Rs 4,966 crore.
9/13
Shriram Finance
Price Return in FY24 so far: 55% | Previous Close: Rs 1955
- Number of MF schemes that held stock in August: 120
- The market value of the stock in equity MFs as of August amounted to Rs 6,515 crore.
10/13
Cholamandalam Investment and Finance Company
Price Return in FY24 so far: 55% | Previous Close: Rs 1178
- Number of MF schemes that held stock in August: 207
- The market value of the stock in equity MFs as of August amounted to Rs 15190 crore.
11/13
Trent
Price Return in FY24 so far: 52% | Previous Close: Rs 2089- Number of MF schemes that held stock in August: 148- The market value of the stock in equity MFs as of August amounted to Rs 6,189 crore.
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DLF
Price Return in FY24 so far: 51% | Previous Close: Rs 540
- Number of MF schemes that held stock in August: 142
- The market value of the stock in equity MFs as of August amounted to Rs 4,957 crore.
13/13
Hindustan Aeronautics
Price Return in FY24 so far: 50% | Previous Close: Rs 4106
- Number of MF schemes that held stock in August: 164
- The market value of the stock in equity MFs as of August amounted to Rs 9,434 crore.