Top large-cap, mid-cap, small-cap stocks owned by mutual funds in April 2024

Top stocks attracting mutual fund managers in April 2024. Explore the top picks across large-cap, mid-cap, and small-cap segments, spanning various sectors.

As we enter the new financial year, it’s interesting to observe the stocks that have captured the attention of mutual fund managers. These stocks, spanning across various market capitalizations and sectors, provide valuable insights into the investment strategies of fund managers and their outlook on the market. Let’s take a closer look at the top stocks owned by mutual funds in April 2024.

Top large-cap stocks

Company Name Sector Market Value (Rs. cr.)
Kotak Mahindra Bank Ltd. Financials 7,920.91
Axis Bank Ltd. Financials 3,192.97
Reliance Industries Ltd. Energy 2,759.46
Infosys Ltd. Technology 2,111.60
Hindustan Unilever Ltd. FMCG 1,976.70
HDFC Bank Ltd. Financials 1,838.85
Hindalco Industries Ltd. Metals 1,055.51
Sun Pharmaceutical Industries Ltd. Healthcare 891.09
Tata Power Company Ltd. Energy 793.45
IndusInd Bank Ltd. Financials 784.59

The large-cap space is dominated by the financial sector, with Kotak Mahindra Bank, Axis Bank, and HDFC Bank attracting significant investments from mutual funds. Reliance Industries and Infosys also feature prominently, reflecting the bullish sentiment towards the energy and technology sectors.

Top mid-cap stocks

Company Name Sector Market Value (Rs. cr.)
Steel Authority Of India Ltd. Metals 667.67
Aurobindo Pharma Ltd. Healthcare 492.14
NMDC Ltd. Energy 381.48
Ashok Leyland Ltd. Automobile and Ancillaries 305.21
Escorts Kubota Ltd. Automobile and Ancillaries 116.44
Marico Ltd. FMCG 218.26
Mahindra & Mahindra Financial Services Ltd. Financials 212.10
Bank Of India Financials 166.87
Samvardhana Motherson International Ltd. Automobile and Ancillaries 71.12
Hindustan Copper Ltd. Metals 11.14

The mid-cap segment sees a mix of sectors, with metals, healthcare, energy, and automobile companies attracting investments from mutual funds. Steel Authority Of India Ltd. and Aurobindo Pharma Ltd. lead the pack, indicating the fund managers’ confidence in these companies’ growth prospects.

Top small-cap stocks

Company Name Sector Market Value (Rs. cr.)
Sterlite Technologies Ltd. Capital Goods 505.69
City Union Bank Ltd. Financials 282.09
Kajaria Ceramics Ltd. Construction 248.32
Century Plyboards (India) Ltd. Construction 232.98
Oracle Financial Services Software Ltd. Technology 213.86
Suzlon Energy Ltd. Capital Goods 208.54
Ircon International Ltd. Infrastructure 206.14
Gokaldas Exports Ltd. Textile 167.91
Sonata Software Ltd. Technology 156.15
Deepak Nitrite Ltd. Chemicals 151.05

The small-cap space is highly diversified, with companies from various sectors attracting investments. Sterlite Technologies Ltd. and City Union Bank Ltd. lead the small-cap pack, followed by companies from the construction, technology, and textile sectors.

The stocks attracting fund managers in April 2024 showcase a diverse mix of sectors and market capitalizations. While the large-cap space is dominated by financial and energy companies, the mid-cap and small-cap segments see a more balanced representation of sectors. Fund managers’ investment decisions are based on a thorough analysis of the companies’ fundamentals, growth prospects, and market conditions. However, investors should conduct their own research and consult with financial advisors before making investment decisions based on mutual fund holdings.