2 days ago
India’s Top Midcap Funds Take Divergent Portfolio Positions
Four Indian midcap funds are investing in different ways.
HSBC puts the largest share of its portfolio into stocks.
WhiteOak invests the most in mid-sized and smaller companies.
Edelweiss keeps the largest portion in big companies among the four.
Federal Bank is the one major stock that all four funds own among their top holdings.
Each fund also chooses different leading companies.
Their industry choices are different too.
This shows that midcap funds can follow several strategies even when they invest in the same market.
HSBC has the highest equity allocation at 98.8%, followed by Invesco at 97%, WhiteOak at 96.8% and Edelweiss at 96.7%.
WhiteOak has the strongest mid- and small-cap focus, with 72% in midcaps and 22% in small caps.
Federal Bank is the only common top-10 holding, with allocations ranging from 2.8% at WhiteOak to 6.4% at Invesco.
The funds differ in their leading individual holdings, including MCX and BSE for Edelweiss, Lenskart and Nykaa for HSBC, and Prestige Estates for Invesco.
Sector strategies vary, with Edelweiss favoring banks, HSBC electrical equipment, Invesco retailing and WhiteOak pharmaceuticals and biotechnology.
- Who
- The Edelweiss, HSBC, Invesco and WhiteOak midcap fund schemes.
- What
- A comparison of their equity, market-cap, stock and sector allocations.
- Where
- India’s mutual fund market.
- When
- The article does not specify a comparison date.
- Why
- To show how the four funds are using different portfolio strategies to navigate the same market.
Key facts
- Highest equity allocation
- HSBC at 98.8%
- Strongest mid/small-cap exposure
- WhiteOak, with 72% in midcaps and 22% in small caps
- Largest large-cap allocation
- Edelweiss at 19%
- Common top holding
- Federal Bank; allocations range from 2.8% at WhiteOak to 6.4% at Invesco
- Most concentrated top holding
- Invesco’s Prestige Estates Projects at 7.2%
- Largest sector allocation cited
- HSBC has 15.2% in electrical equipment
Sources
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