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

    Equity Savings funds typically invest in derivative strategies to bring up their equity component to 65 percent, to retain their tax advantage. But they also invest in equities for the long run. Here are their top smallcap bets

    Dhuraivel Gunasekaran
    November 13, 2023 / 06:59 AM IST
    1/11
    Equity savings funds are almost like an alternate to liquid funds, but come with an equity tax advantage. They invest at least 65% in equity and related instruments, but also invest in debt securities.
    Number of equity savings funds in the mutual funds industry: 22. Total assets that the category manages: Rs 22,650 crore (October 2023).
    USP: It invests in hedged and unhedged (for long-term) securities.

    Here is the list of top 10 smallcap stocks held by equity savings funds.
    TD Power Systems No. of equity savings funds holding the stock: 4 Who holds?: Sundaram Equity Savings and Mirae Asset Equity Savings Fund, and others
    2/11
    TD Power Systems
    No. of equity savings funds holding the stock: 4
    Who holds?: Sundaram Equity Savings and Mirae Asset Equity Savings Fund, and others
    Westlife Foodworld No. of equity savings funds holding the stock: 3 Who holds?: Mirae Asset Equity Savings and Franklin India Equity Savings Fund Also see: Macro proof your SIPs with this MC30 midcap fund by Edelweiss MF
    3/11
    Westlife Foodworld
    No. of equity savings funds holding the stock: 3
    Who holds?: Mirae Asset Equity Savings and Franklin India Equity Savings Fund

    Also see: Macro proof your SIPs with this MC30 midcap fund by Edelweiss MF
    Aavas Financiers No. of equity savings funds holding the stock: 3 Who holds?: LIC MF Equity Savings and Kotak Equity Savings Fund
    4/11
    Aavas Financiers
    No. of equity savings funds holding the stock: 3
    Who holds?: LIC MF Equity Savings and Kotak Equity Savings Fund
    KEI Industries No. of equity savings funds holding the stock: 3 Who holds?: Baroda BNP Paribas Equity Savings and HSBC Equity Savings Fund Also see: Thematic ETFs: Low on liquidity but worth a look
    5/11
    KEI Industries
    No. of equity savings funds holding the stock: 3
    Who holds?: Baroda BNP Paribas Equity Savings and HSBC Equity Savings Fund

    Also see: Thematic ETFs: Low on liquidity but worth a look
    CreditAccess Grameen No. of equity savings funds holding the stock: 3 Who holds?: Axis Equity Saver and Invesco India Equity Savings Fund
    6/11
    CreditAccess Grameen
    No. of equity savings funds holding the stock: 3
    Who holds?: Axis Equity Saver and Invesco India Equity Savings Fund
    Mrs. Bectors Food Specialities No. of equity savings funds holding the stock: 3 Who holds?: SBI Equity Savings and Axis Equity Saver Fund Also see: In Search For Long-Term Winners: Top stocks that tax-saving MFs have added
    7/11
    Mrs. Bectors Food Specialities
    No. of equity savings funds holding the stock: 3
    Who holds?: SBI Equity Savings and Axis Equity Saver Fund

    Also see: In Search For Long-Term Winners: Top stocks that tax-saving MFs have added
    TeamLease Services No. of equity savings funds holding the stock: 3 Who holds?: DSP Equity Savings and Axis Equity Saver Fund
    8/11
    TeamLease Services
    No. of equity savings funds holding the stock: 3
    Who holds?: DSP Equity Savings and Axis Equity Saver Fund
    Brigade Enterprises No. of equity savings funds holding the stock: 3 Who holds?: Baroda BNP Paribas Equity Savings and Edelweiss Equity Savings Fund Also see: Contrarian bets in market peaks: Midcap stocks that have turned contra fund favourites
    9/11
    Brigade Enterprises
    No. of equity savings funds holding the stock: 3
    Who holds?: Baroda BNP Paribas Equity Savings and Edelweiss Equity Savings Fund

    Also see: Contrarian bets in market peaks: Midcap stocks that have turned contra fund favourites
    Affle (India) No. of equity savings funds holding the stock: 2 Who holds?: Baroda BNP Paribas Equity Savings and Franklin India Equity Savings Fund
    10/11
    Affle (India)
    No. of equity savings funds holding the stock: 2
    Who holds?: Baroda BNP Paribas Equity Savings and Franklin India Equity Savings Fund
    Greenply Industries No. of equity savings funds holding the stock: 2 Who holds?: HDFC Equity Savings and Mirae Asset Equity Savings Fund Also see: 15 smallcap gems that category III AIFs love to hold
    11/11
    Greenply Industries
    No. of equity savings funds holding the stock: 2
    Who holds?: HDFC Equity Savings and Mirae Asset Equity Savings Fund

    Also see: 15 smallcap gems that category III AIFs love to hold
    Dhuraivel Gunasekaran
    Dhuraivel Gunasekaran
    Tags: ##personalfinance #equity savings funds #invest #Mutual Funds
    first published: Nov 13, 2023 06:59 am

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