Top 5 small-cap stocks that mutual fund managers couldn't resist in March; Check if you hold any of them for a surprise boost in your portfolio!
Let's take a look at the top 5 small-cap stocks that caught the attention of fund managers in March 2023.
The month of March 2023 was an eventful one for the global markets as both scheduled and unscheduled events unfolded. While the US Fed meeting was one of the major scheduled events, the banking rout in the western world was an unscheduled event that shook the world. Despite this turmoil, the NSE benchmark Nifty50 index managed to end the month almost flat, with an interesting recovery from its low levels.
The stunning SIP numbers and the continuous pouring of money from domestic institutional investors into the Indian markets in March 2023 were truly remarkable. The recovery of the NSE benchmark Nifty50 index from the lows of the month was the talk of the town, and it seemed to have enthused a lot of market participants.
The inflow of SIPs reached a record high level of Rs 14,276 crore in March, showing an increase of 4.3 per cent compared to the previous month. Additionally, the overall SIP flows in FY23 stood at an all-time high of Rs 155,972 crore, making it the best year for SIPs in Indian mutual fund history. The strong inflows from domestic institutional investors in March 2023 further confirmed the positive sentiment in the market, and it is interesting to see which small-cap stocks were the focus of fund managers during this period.
Without further ado, let's take a look at the top 5 small-cap stocks that caught the attention of fund managers in March 2023.
In conclusion, the month of March 2023 was an eventful one for the global markets, with both scheduled and unscheduled events unfolding. Despite this turmoil, the NSE benchmark Nifty50 index managed to end the month almost flat, with a remarkable recovery from its low levels. The record-high SIP flows in FY23 and the robust inflows from domestic institutional investors for the month of March 2023, coupled with the top 5 small-cap stocks that caught the attention of fund managers, give a lot of confidence to market participants.