Active fund managers booked profit from these multibaggers. Check your portfolio

After the stellar move in the share prices, mutual funds trimmed exposure in or exited these small-cap companies

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.

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

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

Also see: Opportunity in market correction: New midcap stocks that MFs added in October

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

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

Also see: Long-term smallcap companies that equity savings funds put their money on

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

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

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

Also see: Macro proof your SIPs with this MC30 midcap fund by Edelweiss MF

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

Also see: Thematic ETFs: Low on liquidity but worth a look

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

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

Also see: 15 smallcap gems that category III AIFs love to hold