Financials stocks were trading with gains, with the S&P BSE Finance index rising 146.64 points or 1.94% at 7703.16 at 09:48 IST. Among the components of the S&P BSE Finance index, Religare Enterprises Ltd (up 7.34%), South Indian Bank Ltd (up 6.1%),Satin Creditcare Network Ltd (up 5.51%),Dewan Housing Finance Corporation Ltd (up 4.8%),Cholamandalam Investment & Finance Company Ltd (up 4.74%), were the top gainers. Among the other gainers were Magma Fincorp Ltd (up 4.24%), MAS Financial Services Ltd (up 3.82%), General Insurance Corporation of India (up 3.62%), Shriram Transport Finance Company Ltd (up 3.4%), and IIFL Securities Ltd (up 3.31%). On the other hand, Dolat Investments Ltd (down 3.24%), Spandana Sphoorty Financial Ltd (down 2.87%), and Bank of Maharashtra (down 2.7%) moved lower.
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NEW DELHI: A handful of common stocks seems to be driving the performance of some of the top-performing midcap funds in the last one year.
They include names like Federal Bank, Voltas, Bharat Forge, JK Cement, Crompton Greaves Consumer Electricals, SRF and Coromandel International, among others, publicly available portfolio data of the five top-performing midcap funds showed.
These schemes delivered 36-55 per cent returns for the last one year against a 23 per cent rise in the BSE Sensex. The schemes are PGIM India Midcap Opportunity Fund (up 55 per cent), SBI Magnum Midcap Fund (up 40 per cent), Mirae Asset Midcap Fund (up 39.6 per cent), Quant Midcap Fund (up 36.13 per cent) and Edelweiss Midcap Fund (up 36 per cent). Except for Quant Midcap Fund, other four share many common stocks among their top 10 bets.
What is in the portfolios of the best midcap funds?
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They include names like Federal Bank, Voltas, Bharat Forge, JK Cement and Crompton Greaves Consumer Electricals, publicly available portfolio data of the five top-performing midcap funds showed.
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These schemes delivered 36-55% returns for the last one year against a 23% rise in the BSE Sensex.
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NEW DELHI: A handful of common stocks seems to be driving the performance of some of the top-performing midcap funds in the last one year.
They include names like Federal Bank, Voltas, Bharat Forge, JK Cement, Crompton Greaves Consumer Electricals, SRF and Coromandel International, among others, publicly available portfolio data of the five top-performing midcap funds showed.
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