These 5 stocks held by at least 10 smallcap MFs rose over 100% in FY24

In today’s Mutual Fund Analysis, ETMarkets highlighted the best-performing stocks in smallcap funds for FY2024. To simplify the selection process, we focused on stocks held by at least 10 smallcap mutual funds and whose prices have doubled (increased by over 100%) in FY24. In total, around 123 stocks held by small-cap funds have become multibaggers in FY24. (Data Source: ACE MF). Additionally, we’ve highlighted the top-holding mutual fund schemes for each of the five stocks based on their market value.

Smallcap funds invest at least 65% of the corpus in smaller companies. Sebi has defined small companies as those ranked above 250 in terms of market capitalisation. These companies have greater alpha generation potential and can be top companies in future years. Click Here

Birlasoft
As of February ’24, Birlasoft is held by 17 smallcap mutual fund schemes, with a total market value of Rs 1931 crore. In FY24 to date, the stock has surged 176% to Rs 721 from its value of Rs 261 The top 5 smallcap schemes by market value that held the stock include

Multi Commodity Exchange Of India
As of February ’24, Multi Commodity Exchange Of India is held by 15 smallcap mutual fund schemes, with a total market value of Rs 2115 crore. In FY24 to date, the stock has surged 110% to Rs 3179 from its value of Rs 1516 The top 5 smallcap schemes by market value that held the stock include

Apar Industries
As of February ’24, Apar Industries is held by 10 smallcap mutual fund schemes, with a total market value of Rs 1943 crore. In FY24 to date, the stock has surged 142% to Rs 6050 from its value of Rs 2503 The top 5 smallcap schemes by market value that held the stock include

Century Textiles & Industries
As of February ’24, Century Textiles & Industries is held by 10 smallcap mutual fund schemes, with a total market value of Rs 968 crore. In FY24 to date, the stock has surged 121% to Rs 1400 from its value of Rs 634 The top 5 smallcap schemes by market value that held the stock include

Jyothy Labs
As of February ’24, Jyothy Labs is held by 10 smallcap mutual fund schemes, with a total market value of Rs 1085 crore. In FY24 to date, the stock has surged 112% to Rs 404 from its value of Rs 191 The top 5 smallcap schemes by market value that held the stock include