Common stocks across top 5 Mid-cap funds AUM-wise

Diversifying your portfolio across multiple mid-cap mutual funds is never advised. But with so many funds to choose from, how do you know which ones share similar holdings? This article explores the common stocks held by the top 5 mid-cap mutual funds in terms of Assets Under Management (AUM). By understanding these overlapping positions, you can gain insights into the sectors and companies favored by leading fund managers, and potentially refine your investment strategy.

The following table shows the stocks commonly held by the top 5 Mid-cap funds:

Coforge Ltd

Coforge Ltd is currently trading at Rs 5,559.75, the above table show the common holding of the stock across the top 5 mid-cap mutual fund scheme.

Institutional holder analysis for COFORGE Ltd revealed changes in holdings as of the December 2023 quarter. Mutual funds (MF) increased their holdings from 42.29% to 42.77%, with the number of MF schemes rising from 39 to 42. Conversely, Foreign Institutional Investors/Foreign Portfolio Investors (FII/FPI) witnessed a decrease in holdings from 34.37% to 34.04%, accompanied by a decline in the number of FII/FPI investors from 438 to 430.

Mahindra & Mahindra Financial Services Ltd

The stock is currently trading at Rs 293.70, the above table shows the common holding of the stock across the top 5 mid-cap mutual fund schemes.

As of the December 2023 quarter, promoter holdings in the company remained unchanged at 52.16%. Mutual funds increased their holdings from 14.70% to 15.74%, with the number of mutual fund schemes holding shares remaining steady at 22. Conversely, FII/FPI holdings decreased from 14.10% to 12.72% during the same period.

Persistent Systems Ltd

The stock is currently trading at Rs 3,959.20, the above table shows the common holding of the stock across the top 5 mid-cap mutual fund schemes.

In the December 2023 quarter, the promoter holding of the company remained unchanged at 31.06%. However, there was a decrease in the holdings by Mutual Funds from 24.13% to 22.35%. Despite this reduction, the number of Mutual Fund schemes increased from 33 to 35 during the same period. On the other hand, Foreign Institutional Investors (FII/FPI) increased their holdings significantly, rising from 21.34% to 24.55% in the December 2023 quarter.

The Federal Bank Ltd

The stock is currently trading at Rs 154, the above table shows the common holding of the stock across the top 5 mid-cap mutual fund schemes.

In the December 2023 quarter, Mutual Funds saw a decrease in holdings from 37.01% to 35.23%, despite the number of MF schemes remaining unchanged at 41. Conversely, FII/FPI holdings increased from 27.02% to 29.38%. However, the number of FII/FPI investors decreased from 425 to 390 during the same period.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.