Red-hot favourites! MF & PMS managers handpick 10 new smallcaps
Equitas Small Finance Bank, Birla Corporation, and Sanofi India were the top new small-cap picks by Indian mutual funds and portfolio management scheme (PMS) managers in May. Equitas SFB was selected by 9 mutual funds, 10 PMS, 13 unit-linked insurance plans, and one alternative investment fund. Other small-cap picks included Indiamart Intermesh, Affle India, VIP Industries, Birlasoft, Can Fin Homes, PVR, Inox, and Exide Industries. Meanwhile, managers sold off shares of Zee Entertainment Enterprises, PVR Inox, JB Chemicals, and Gland Pharma.
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