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Around 1.30 crore shares of Indraprastha Gas were added to the portfolio, followed by 8 lakh shares of Mankind Pharma and 7.96 lakh shares of Oracle Financial Services Software in December.
The midcap fund sold 1.75 crore shares of Suzlon Energy from its portfolio in December. Around 11.25 lakh shares of Bajaj Auto were sold from the portfolio, followed by 2.99 lakh shares of BSE and 2.25 lakh shares of Shaily Engineering Plastics in the mentioned period.
The fund increased its exposure in 12 stocks which includes Trent, The Phoenix Mills, Supreme Industries, Coforge, KEI Industries, Bharti Hexacom, One97 Communications, Persistent Systems, Polycab India, Kalyan Jewellers, Jio Financial Services, and KPIT Technologies.
Around 30 lakh shares of Jio Financial Services were added to the portfolio on a monthly basis taking the total number of shares to 4.55 crore in December from 4.25 crore in November. It added 27.50 lakh shares of Kalyan Jewellers and 25 lakh shares of One97 Communications.
The exposure in Bharti Hexacom was increased by adding 15.27 lakh shares to the portfolio and 12.50 lakh shares of Trent. It added 95,000 shares of Coforge.
The exposure in four stocks was reduced in the mentioned time period which includes Zomato, Deepak Nitrite, Mahindra & Mahindra, and Deepak Fertilisers And Petrochemicals Corporation. Around 6.39 crore shares of Zomato were sold from the portfolio taking the total number of stocks to 1.35 crore in December from 7.75 crore in November.
The midcap fund sold 17.10 lakh shares of Deepak Fertilisers And Petrochemicals Corporation in December, followed by 12.50 lakh shares of Mahindra & Mahindra and 11.02 of Deepak Nitrite.
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The exposure in seven stocks remained unchanged which included CG Power and Industrial Solutions, Voltas, Balkrishna Industries, Dixon Technologies (India), Prestige Estates Projects, Max Healthcare Institute, and Tube Investments of India.
Motilal Oswal Midcap Fund is an open ended equity scheme predominantly investing in mid cap stocks. The objective of the scheme is to achieve long term capital appreciation by investing in quality mid-cap companies having long-term competitive advantages and potential for growth.
The scheme is benchmarked against Nifty Midcap 150 Total Return Index and is managed by Niket Shah, Rakesh Shetty, and Ankush Sood. The mid cap fund allocates 65-100% in equity and equity related instruments selected between Top 101st and 250th listed companies by full market capitalization, 0-35% in equity and equity related instruments of companies other than the ones selected between Top 101st and 250th listed companies by full market capitalization, 0-35% in debt, money market instruments, g-sec, bonds, cash and cash equivalents, etc, and 0-10% in units issued by REITs and InvITs.
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