October 2024 update: Motilal Oswal Midcap Fund reshuffles portfolio, boosts Dixon, adds BSE and reduces cash holding drastically to just 2.4%.
Portfolio Highlights
Motilal Oswal Midcap Fund has made notable adjustments in its October 2024 portfolio, with significant changes in both holdings and allocations. Here’s a closer look at the key movements and updates.
Major Changes in Top Holdings
- Coforge Takes the Lead
Coforge Limited has now become the largest holding in the portfolio, moving ahead of Kalyan Jewellers. This shift reflects the fund’s increased focus on the IT services sector, with Coforge’s share at 9.88% of the AUM.
- Dixon Technologies Surges
After a reduced position in September, Motilal Oswal Midcap Fund increased its holding in Dixon Technologies by 500%, making it one of the top gainers in the portfolio. This shows renewed confidence in Dixon’s growth prospects.
- Top Additions – BSE Limited and More
Four new stocks were added, including BSE Limited with an 800,000 share allocation, which now represents 1.78% of the AUM. This diversification aims to capture potential growth in financial services.
Key Reductions and Exits
- KPIT and Tata Elxsi Down
KPIT Technologies and Tata Elxsi saw a reduction in allocations by 11.79% and 5.54%, respectively. These changes reflect a cautious approach toward specific IT sector stocks.
- Exit from Premier Energies
The fund exited Premier Energies, reducing its stake to zero. This move suggests a strategic reallocation of resources into other promising sectors.
Shift in Cash Holding
One of the most notable changes is the drastic reduction in cash holding. It dropped from 21.72% in August to 2.4% in October, signalling an aggressive investment stance to capture market opportunities.
Key Takeaways
- Top Increases: One 97 Communications, Dixon Technologies, CG Power & Industrial Solutions.
- New Additions: BSE Limited, among others.
- Significant Reductions: KPIT Technologies, Tata Elxsi.
- Overall Strategy: Increased investment exposure and reduced cash holding.
Motilal Oswal Midcap Fund’s October portfolio showcases a strategic pivot, focusing on capturing growth across varied sectors. Keep an eye on how these changes impact the fund’s performance going forward.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
