Newly Listed Companies Dominate Mutual Funds’ Smallcap Shopping Basket in September: Take a Look

Newly Listed Companies Dominate Mutual Funds’ Smallcap Shopping Basket in September: Take a Look

Mutual funds emerged as significant buyers in September, countering the selling pressure from foreign investors. Domestic fund houses purchased a total of Rs 20,500 crore worth of stocks across various categories. Notably, smallcap stocks were the center of attention, with newly listed companies dominating the shopping basket of mutual funds. Jupiter Life Line Hospitals, Sai Silks (Kalamandir), Samhi Hotels, RR Kabel, and HLE Glascoat were among the top smallcap additions for fund houses. These companies made their debut on the exchanges in September and were preferred choices for many fund managers, including DSP Mutual Fund, Kotak Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, and Nippon India Mutual Fund.

TIS Staff

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