Higher allocation in a 100-bagger can be a true wealth-generator for investors
30-May-2023 •Ashish Menon
In our story - Mutual funds that spotted 100-baggers early - we saw how tough it is for even fund managers to spot a phoenix-like stock in its early days.
We also noted that although a few mutual funds did detect a 100-bagger in its early stages, what really helps generate investor wealth is by having a higher allocation in them.
So, without much ado, let's look at the list of funds that hit the 100-bagger jackpot by putting a higher percentage of their money in them.
| Company | Mutual fund (first bought) | Growth since spotted | Held for (months) | Average allocation (%) |
|---|---|---|---|---|
| Alkyl Amines Chemicals | Kotak Small Cap (May 2019) | 15x | 32 | 1.5 |
| Navin Fluorine International | Nippon India Small Cap (Apr 2013) | 106x | 121 | 2.6 |
| Stylam Industries | Quant Small Cap (Oct 2018) | 4x | 50 | 5.8 |
| UNO Minda | Bandhan Sterling Value (Aug 2016) | 16x | 81 | 2.3 |
Observations
A similar theme played out for Bandhan Sterling Value 's UNO Minda call.
Read the first part here .
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