Smallcap stocks created much more wealth for equity mutual funds in last one year compared with midcaps and largecaps. More than 30 smallcap stocks, which are among the top favourites of domestic fund managers, ran up as much as 1000 per cent in just a year’s time.
Smallcap-focussed equity funds delivered an average of 21 per cent return for last one year, whereas midcap, multicap and largecap-oriented funds delivered 15 per cent, 14.79 per cent and 13.39 per cent, respectively, data available on valueresearchonline.com showed.
At least five funds, including L&T Emerging Opportunities Fund, Motilal Oswal Long Term Equity Fund and Principal Dividend Yield Fund, held graphite electrode major HEG all through the year and this stock delivered a whopping 1,000 per cent return to investors during the year.