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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.
Q3FY21 Result Update - Crompton Greaves Consumer - ICICI Direct
Posted On: 2021-01-27 08:59:37 (Time Zone: Arizona, USA)
Crompton Greaves Consumer Electrical (CGCEL) reported a strong all round performance with topline, PBT growth of ~26%, ~46%, respectively, in Q3FY21. The strong topline growth was contributed by electrical consumer durable (ECD) segment (75% of topline) wherein revenue growth came in at 32% YoY, much ahead of our growth expectation of 16% YoY. The company s strong distribution network in semi urban/rural India has helped it to gain market share from unorganised players, which were largely impacted by various supply related issues. According to the management, the current market share gain is likely to sustain in future due to the company s aggressive go to market (GTM) strategy and continuous launch of new products. On the lighting front (~25% of revenue) while B2C category of products registered strong volume growth of 13% in Q3FY21, the institutional bus
3Q investor call takeaways - Crompton Consumer - YES Securities
Posted On:
Demand outlook remains positive; commodity price inflation is expected to impact margin in near term
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