These are the stocks which are popular among Mutual Fund schemes (Mid Cap) in the month of July, which are chosen by the maximum number of MF companies to invest.
The Nifty 50 index gained 97.75 points, or 0.39 per cent, to open at 25,249.70, while the BSE Sensex surged by 0.61 per cent, or 502 points, to open at 82,637.03 points.
According to experts, markets globally rallied after the strong US GDP numbers bolstered investor confidence.
There are 11 stocks which were held by the maximum number of Mutual Fund schemes (Mid Cap) in July which gave returns up to 100%. Check the range of returns for different stocks and list over here.
Stocks Held By Most Of Mutual Fund Schemes In July
Dixon Technologies (India) Stock
As of July ’24, Dixon Technologies (India) is held by 18 midcap mutual fund schemes, with a total market value of Rs 5,619.
The Stock surged 102% to reach Rs 13,264 from its value of Rs 6,561 since December 31, 2023.
Cummins India Stock
As of July ’24, Cummins India is held by 21 midcap mutual fund schemes, with a total market value of Rs 5,981.
The stock surged 95% to reach Rs 3,821 from its value of Rs 1,964 on December 31, 2023.
Voltas Stock
As of July ’24, Voltas is held by 24 midcap mutual fund schemes, with a total market value of Rs 5,144.
The stock gained 73% to reach Rs 1,690 from its value of Rs 978 on December 31, 2023.
The Phoenix Mills Stock
The stock is held by 18 midcap mutual fund schemes, with a total market value of Rs 3,373.
The stock climbed 59% to reach Rs 3,566 from its value of Rs 2,244 on December 31, 2023.
Persistent Systems Stock
The stock is held by 21 midcap mutual fund schemes, with a total market value of Rs 8,661.
The stock climbed 32% to reach Rs 4,879 from its value of Rs 3,694 on December 31, 2023.
Bharat Forge Stock
The stock is held by 19 midcap mutual fund schemes, with a total market value of Rs 4,789.
The share gained 31% to reach Rs 1,621 from its value of Rs 1,239 on December 31, 2023.
Schaeffler India Stock
Schaeffler India Stock is held by 20 midcap mutual fund schemes, with a total market value of Rs 4,057.
In CY24 to date, the stock has surged 28% to reach Rs 4,096 from its value of Rs 3,202 on December 31, 2023.
The Federal Bank Stock
Stock is held by 24 midcap mutual fund schemes, with a total market value of Rs 8,241.
The share climbed 28% to reach Rs 200 from its value of Rs 156 on December 31, 2023.
Max Healthcare Institute Stock
The stock is held by 18 midcap mutual fund schemes, with a total market value of Rs 5,416.
The stock climbed 24% to reach Rs 853 from its value of Rs 688 on December 31, 2023.
Max Financial Services Stock
As of July ’24 stock is held by 19 midcap mutual fund schemes, with a total market value of Rs 5,836.
The stock gained 11% to reach Rs 1,062 from its value of Rs 955 on December 31, 2023.
Mphasis Stock
The stock is held by 21 midcap mutual fund schemes, with a total market value of Rs 5,261.
The stock surged by 9% to reach Rs 3,000 from its value of Rs 2,740 on December 31, 2023.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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