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
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.
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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
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Westlife Foodworld No. of equity savings funds holding the stock: 3 Who holds?: Mirae Asset Equity Savings and Franklin India Equity Savings Fund