Cummins India share price: 20 MFs add these 7 stocks in May, witness a surge 20-80% in CY24 so far - ​Picks Payoff
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Cummins India share price: 20 MFs add these 7 stocks in May, witness a surge 20-80% in CY24 so far – ​Picks Payoff

In May 2024, mutual funds (MFs) continued to have a positive outlook on Indian equities, making net investments of around Rs 48,099 crore. An analysis by ETMarkets revealed that nine stocks were included in the portfolios of more than 20 MFs in May 2024, compared to April 2024. Of these stocks, seven have delivered returns exceeding 20% in CY24 so far, while two underperformed during the same period. (Data Source: ACE MF | ACE Equity)

iStock

Cummins India
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In May 2024, the number of MF schemes holding the stock increased to 202 compared to 177 in April 2024.

MFs market value in stock as of May 2024: Rs 17,596 crore.
CY24 Price Return: 82%

ETMarkets.com

Hindustan Aeronautics
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In May 2024, the number of MF schemes holding the stock increased to 245 compared to 220 in April 2024.

MFs market value in stock as of May 2024: Rs 20,885 crore.
CY24 Price Return: 73%

ETMarkets.com

Siemens
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In May 2024, the number of MF schemes holding the stock increased to 159 compared to 136 in April 2024.

MFs market value in stock as of May 2024: Rs 7,687 crore.
CY24 Price Return: 71%

ETMarkets.com

Titagarh Railsystems
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In May 2024, the number of MF schemes holding the stock increased to 65 compared to 45 in April 2024.

MFs market value in stock as of May 2024: Rs 2,489 crore.
CY24 Price Return: 30%

ETMarkets.com

Power Finance Corporation
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Power Finance Corporation

In May 2024, the number of MF schemes holding the stock increased to 255 compared to 235 in April 2024.

MFs market value in stock as of May 2024: Rs 20,522 crore.
CY24 Price Return: 27%

ETMarkets.com

REC
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In May 2024, the number of MF schemes holding the stock increased to 249 compared to 220 in April 2024.

MFs market value in stock as of May 2024: Rs 13,262 crore.
CY24 Price Return: 24%

ETMarkets.com

Cipla
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In May 2024, the number of MF schemes holding the stock increased to 284 compared to 261 in April 2024.

MFs market value in stock as of May 2024: Rs 20,853 crore.
CY24 Price Return: 23%

ETMarkets.com

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