updated on 22 Feb 2017
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Stocks that powered the rally of small and mid cap funds to 50% returns
Smallcap and midcap stocks once again handsomely beat their largecap counterparts in last one year till February 14.
Like previous years, the last one year belonged to midcap and smallcap firms despite some volatility in the broader market due to the demonetisation of high-value currency notes and worries over sustained outflow of funds from foreign institutional investors (FIIs).
Accordingly, midcap and smallcap funds outperformed the largecap funds in the period. Smallcap and midcap funds on an average gave 40 per cent and 35 per cent returns to investors, respectively, between February 14, 2016 and February 14, 2017, whereas largecap funds advanced about 28 per cent.
The following funds have provided upto 50% returns in last one year
Tata Equity PE Fund and L&T Emerging Business Fund jumped 50 per cent in last one year.
DSPBR Micro Cap Fund surged 48.42 per cent, followed by Mirae Asset Emerging Bluechip Fund (up 48 per cent), Principal Emerging Bluechip Fund (up 47.94 per cent), Birla Sun Life Small & Midcap Fund (47.88 per cent), DSBR Small and Mid Cap Fund (up 47.71 per cent), Mirae Asset Emerging Bluechip Fund (up 46.96 per cent) and Kotak Emerging Equity Scheme (up 46.15 per cent).
These funds have given highest weightage to the energy sector (25.40 per cent), followed by financials (20 per cent), technology (8.52 per cent) and services (7.53 per cent).
Stocks such as Power Grid, YES Bank, GAIL, Coal India, Muthoot Finance, Finolex Cables, HCL Technologies, KNR Constructions, Grasim Industries and Power Finance Corporation are some of the top stocks in this fund.
L&T Emerging Business Fund has highest exposure to the construction sector (13.34 per cent), followed by financials (13.18 per cent), chemicals (13.06 per cent) and services (9.66 per cent).
Domestic equity benchmark BSE Sensex gained nearly 20 per cent in the year till February 2017, whereas the BSE Midcap and Smallcap indices gained 34.11 per cent and 34.29 per cent, respectively, in this period.