Small-caps have been the best-performing segment in Indian equity markets over the last three years. Stocks of many small-cap companies held by mutual funds made a stellar move during the period and rewarded them handsomely. Here are the top small-cap stocks where active mutual fund schemes exited and trimmed their positions significantly in October. Fund managers exited or trimmed these stocks as they attained target prices. Only actively managed equity schemes and hybrid schemes (except arbitrage funds) are considered for the study. Stock return, number of schemes that exited the stock and decrease in number of shares are the parameters considered while compiling the list. Data as of October 31, 2023. Source: ACEMF.
2/11
JTL Industries Number of active schemes that totally exited the stock in October: 4 Number of active schemes holding the stock as of October: Nil Who exited? ITI Small Cap and ITI Mid Cap Fund One-year return as of November 15: 45 percent. Three-year return as of November 15: 1,725 percent
3/11
Electrosteel Castings Number of active schemes that totally exited in October: 2 Number of active schemes holding the stock as of October: Nil Who exited? Samco Active Momentum Fund and Nippon India Small Cap Fund One-year return as of November 15: 169 percent Three-year return as of November 15: 449 percent
Apollo Micro Systems Number of active schemes that totally exited in October: 1 Number of active schemes holding the stock as of October: Nil Who exited? Quant Small Cap Fund One-year return as of November 15: 447 percent Three-year return as of November 15: 1,064 percent
5/11
Himadri Speciality Chemical Number of active schemes that totally exited in October: 1 Number of active schemes holding the stock as of October: Nil Who exited? Quant Small Cap Fund One-year return as of November 15: 162 percent Three-year return as of November 15: 453 percent
Chennai Petroleum Corporation Number of shares held by overall active schemes as of October: 4.1 lakh Change (in %) in Number of shares over the past month: -50 percent Who exited? ITI Mid Cap Fund and ICICI Prudential PSU Equity Fund One-year return as of November 15: 208 percent Three-year return as of November 15: 701 percent
7/11
ITD Cementation India Number of shares held by overall active schemes as of October: 23 lakh Change (in %) in number of shares over the past month: -45 percent Who exited? Franklin India Focused Equity Fund One-year return as of November 15: 119 percent Three-year return as of November 15, 2023: 390 percent
8/11
Paramount Communications Number of shares held by overall active schemes as of October: 2.7 lakh Change (in %) in number of shares over the past month: -36 percent Who exited? Taurus Flexi Cap Fund One-year return as of November 15: 180 percent Three-year return as of November 15: 883 percent
Nava Number of shares held by overall active schemes as of October: 1.5 lakh Change (in %) in number of shares over the past month: -23 percent Who exited? Aditya Birla Sun Life Infrastructure Fund One-year return as of November 15: 111 percent Three-year return of the stock as of November 15: 683 percent
Suzlon Energy Number of shares held by overall active schemes as of October: 48 crore Change (in %) in number of shares over the past month: -22 percent Who exited? Aditya Birla Sun Life Infrastructure Fund and LIC Multi Cap Fund One-year return as of November 15: 394 percent Three-year return as of November 15: 1,102 percent
11/11
Neuland Laboratories Number of shares held by overall active schemes as of October: 1.9 lakh Change (in %) in number of shares over the past month: -21 percent Who trimmed the exposure? Quant Small Cap Fund One-year return as of November 15: 184 percent Three-year return as of November 15: 378 percent
