Indicating consensus among India’s top smallcap stock pickers, a small cohort of 5 stocks have managed to secure a foothold across India’s 3 largest smallcap mutual fund schemes.
Nippon India Small Cap Fund, the largest scheme in the category with assets of Rs 74,600 crore, HDFC Small Cap Fund with Rs 38,800 crore, and SBI Small Cap Fund with Rs 37,400 crore — together managing Rs 1.51 lakh crore of investor money — are all holding Kalpataru Projects International, Krishna Institute of Medical Sciences (KIMS), City Union Bank, PVR Inox and Carborundum Universal. Combined, the three schemes have parked about Rs 8,000 crore, or 5.34% of their pooled assets, in just these five names, shows data from ACE MF.
