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The Economic Times
The Economic Times
Nikhil Agarwal

One common stock across 6 top performing mutual funds: Is MCX a signal or a crowded trade?

MCX HSBC Midcap Fund

Six top-performing mid- and small-cap mutual funds, with one-year returns ranging from 18% to 32%, have only one stock in common: Multi Commodity Exchange of India. MCX is the sole overlap between the 13 stocks shared by three leading mid-cap schemes and the six names common to three top-performing small-cap funds.

Among the mid-cap schemes, HSBC Midcap Fund delivered a one-year return of about 24%, ICICI Pru Midcap Fund returned 19% and WhiteOak’s Mid Cap Fund gained 18%.

ICICI Pru Midcap Fund had the largest MCX exposure at 4.33%, compared with 0.96% for HSBC Midcap Fund and 0.74% for WhiteOak.

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