Motilal Oswal Midcap Fund has released its portfolio for April, showcasing key adjustments in stock holdings, strategic entries and exits, and a continued rise in cash positioning. The portfolio reflects both conviction and caution as markets evolve.
Top Holdings
As of April, the fund’s top three holdings by allocation are:
Persistent Systems Limited
Coforge Limited
Kalyan Jewellers India Limited
These companies represent significant weight in the fund, especially from the IT and consumer sectors.
Stocks Added in April
CG Power and Industrial Solutions: A fresh entry with a 100% increase from zero holdings in March, signaling new conviction in this stock.
Stocks Increased
The Indian Hotels Company Limited: Holdings rose 17.16%
Persistent Systems Limited: Increased by 16.67%
Polycab India Limited: Up by 16.21%
Coforge Limited: Increased by 10.77%
Kalyan Jewellers India Limited: Rose by 8.74%
KEI Industries Limited: Increased by 8.00%
KPIT Technologies Limited: Up by 4.63%
These increases indicate growing confidence in capital goods, IT, and consumer sectors.
Stocks Reduced
Voltas Limited: Reduced by 13.68%
Indraprastha Gas Limited: Significantly reduced by 64.89%, suggesting a strategic exit or reallocation of funds.
Unchanged Holdings
The fund maintained its holdings in several companies, suggesting a long-term approach. These include:
Balkrishna Industries Limited
One 97 Communications Limited (Paytm)
Trent Limited
The Phoenix Mills Limited
Supreme Industries Limited
Prestige Estates Projects Limited
Mankind Pharma Limited
Mazagon Dock Shipbuilders Limited
Max Healthcare Institute Limited
Bharti Hexacom Limited
Jio Financial Services Limited
Jindal Steel & Power Limited
Hitachi Energy India Limited
Dixon Technologies (India) Limited
Tube Investments of India Limited (slight reduction of 3.48%)
Cash and Hedging Position
One of the most significant trends is the rising cash component. Including arbitrage positions:
February: 28.32%
March: 32.88%
April: 39.66%
This steady increase in cash and arbitrage indicates a defensive stance, possibly preparing for better opportunities or mitigating risks amid market uncertainty. About 7.56% of the equity portfolio is currently hedged.
SOURCE:AMFI
Disclaimer:
This article is for informational purposes only and does not constitute investment advice, recommendation, or an offer to buy or sell any financial product. The data provided is based on publicly available information from the Motilal Oswal Midcap Fund’s April portfolio and may be subject to change.
