2019 Funds raise up to 100 smallcap stocks
Ahmedabad. 30 December 2019, Monday
The Sensex has moved upward despite a 5% jump in the index during the year ended 5. Mutual funds, on the other hand, increased their stake in select smallcap stocks during the year.
According to a study conducted by mutual funds on investment in smallcap stocks, mutual funds increased their stake in shares of more than 3 smallcap companies during the year.
But the important thing is that the mutual funds got negative returns in this sector, losing about 5% of the shares of these 3 stocks. However, the fund received a positive return on 5% of the sector's shares.
During the year, the Sensex rose 5%. In contrast, the BSE midcap index was down 4 percent and the BSE small cap index was down 5 percent.
According to the available data, 5% of the investment made by mutual funds in a smallcap company, ie 5% of the smallcap company's shares, had a negative return. However, the stock of 3 smallcap companies received a positive return from 5% to 5%.
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