On February 12, 2024, more than 80% of equity funds fell by over 1%.
Two of Motilal’s funds managed to weather the storm: Motilal Oswal Midcap and Motilal Oswal Flexi Cap.
Motilal’s mid-cap fund was up by 0.36% – the day the markets bled. On the other hand, the flexi-cap had a minor fall of 0.13%.
Both these funds have 62% of their money invested in the same set of 13 stocks. Nine of them were in the green on Monday.
These stocks braved the Monday chaos.
Only 11% of their money was in stocks that fell by more than 2%. Motilal’s concentrated and coordinated stock calls did the trick, for now.
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