Bottom fishing | Penny stocks that mutual funds hold. Are they worth it?

Penny shares are these that are traded at very low costs. Although there isn’t a commonplace definition in India, the US Securities and Alternate Fee (SEC) has outlined all shares buying and selling beneath $5 as penny shares, as per Investopedia’s report. Penny shares largely have low market capitalisation and are extremely illiquid on the exchanges. They’re largely under-researched shares and might not be well-known to the bigger investing public. Right here is the record of shares traded beneath Rs 20 and are held by home mutual funds. Knowledge compiled from BSEIndia.com reveals that almost all of them have been traded in a slender vary during the last two years. Portfolio knowledge supply is ACEMF and have been as of September 30, 2022

Metropolis On-line Providers
Inventory value (as of Oct 12, 2022): Rs 4.7
Variety of schemes that held the inventory: 1
MF’s funding worth: Rs 0.1 crore
BSE Mcap (Full): Rs 2 crore
Sector: Telecommunication – Service Supplier
Scheme that held the inventory: DSP Fairness Alternatives Fund

Shukra Jewelry
Inventory value (as of Oct 12, 2022): Rs 6.5
Variety of schemes that held the inventory: 1
MF’s funding worth: Rs 0.1 crore
BSE Mcap (Full): Rs 9 crore
Sector: Diamond & Jewelry
Scheme that held the inventory: UTI ULIP

Sadbhav Infrastructure Undertaking
Inventory value (as of Oct 12, 2022): Rs 6.7
Variety of schemes that held the inventory: 4
MFs’ funding worth: Rs 4.4 crore
BSE Mcap (Full): Rs 236 crore
Sector: Engineering – Development
Scheme that held the inventory: HDFC Capital Builder Worth Fund

SRM Vitality
Inventory value (as of Oct 12, 2022): Rs 7.6
Variety of schemes that held the inventory: 1
MF’s funding worth: Rs 0.2 crore
BSE Mcap (Full): Rs 7 crore
Sector: Textile
Scheme that held the inventory: UTI ULIP

Vodafone Concept
Inventory value (as of Oct 12, 2022): Rs 8.7
Variety of schemes that held the inventory: 3
MFs’ funding worth: Rs 6.5 crore
BSE Mcap (Full): Rs 27,847 crore
Sector: Telecommunication – Service Supplier
Schemes that held the inventory: DSP Dynamic Asset Allocation, DSP Fairness Financial savings, SBI Fairness Financial savings Fund

Gayatri Bio Organics
Inventory value (as of Oct 12, 2022): Rs 10.2
Variety of schemes that held the inventory: 1
MF’s funding worth: Rs 0.5 crore
BSE Mcap (Full): Rs 63 crore
Sector: Client Meals
Scheme that held the inventory: SBI Giant & Midcap Fund

Tine Agro
Inventory value (as of Oct 12, 2022): Rs 11.1
Variety of schemes that held the inventory: 1
MF’s funding worth: Rs 0.2 crore
BSE Mcap (Full): Rs 6 crore
Sector: Textile
Scheme that held the inventory: Baroda BNP Paribas Multi Cap Fund

MEP Infrastructure Builders
Inventory value (as of Oct 12, 2022): Rs 15.2
Variety of schemes that held the inventory: 2
MFs’ funding worth: Rs 10.4 crore
BSE Mcap (Full): Rs 278 crore
Sector: Engineering – Development
Schemes that held the inventory: HDFC Balanced Benefit, HDFC Infrastructure Fund

Sadbhav Engineering
Inventory value (as of Oct 12, 2022): Rs 12.9
Variety of schemes that held the inventory: 5
MFs’ funding worth: Rs 24.6 crore
BSE Mcap (Full): Rs 221 crore
Sector: Engineering – Development
Schemes that held the inventory: Aditya Birla SL Balanced Benefit, Aditya Birla SL Infrastructure, HDFC Hybrid Fairness, HDFC Small Cap, SBI Contra Fund

Hindustan Development Firm
Inventory value (as of Oct 12, 2022): Rs 14.5
Variety of schemes that held the inventory: 3
MFs’ funding worth: Rs 101.2 crore
BSE Mcap (Full): Rs 2,195 crore
Sector: Engineering – Development
Schemes that held the inventory: HDFC Balanced Benefit, HDFC Flexi Cap, HDFC Infrastructure Fund

PTC India Monetary Providers
Inventory value (as of Oct 12, 2022): Rs 14.2
Variety of schemes that held the inventory: 1
MF’s funding worth: Rs 14.2 crore
BSE Mcap (Full): Rs 914 crore
Sector: Finance – NBFC
Scheme that held the inventory: Quant Small Cap Fund

YES Financial institution
Inventory value (as of Oct 12, 2022): Rs 16.0
Variety of schemes that held the inventory: 3
MFs’ funding worth: Rs 2.6 crore
BSE Mcap (Full): Rs 40,089 crore
Sector: Financial institution – Non-public
Schemes that held the inventory: JM Giant Cap, SBI Multi Asset Allocation, Tata Quant Fund

Hathway Cable & Datacom
Inventory value (as of Oct 12, 2022): Rs 16.1
Variety of schemes that held the inventory: 3
MFs’ funding worth: Rs 27.9 crore
BSE Mcap (Full): Rs 2,841 crore
Sector: Telecommunication – Service Supplier
Schemes that held the inventory: Aditya Birla SL Pure Worth, Aditya Birla SL Retirement-30, ICICI Pru Fairness & Debt Fund

Reliance Energy
Inventory value (as of Oct 12, 2022): Rs 16.5
Variety of schemes that held the inventory: 1
MFs’ funding worth: Rs 6.6 crore
BSE Mcap (Full): Rs 5,593 crore
Sector: Energy Technology/Distribution
Scheme that held the inventory: HDFC Giant and Mid Cap Fund

Dish TV India
Inventory value (as of Oct 12, 2022): Rs 16.1
Variety of schemes that held the inventory: 2
MFs’ funding worth: Rs 51.9 crore
BSE Mcap (Full): Rs 2,964 crore
Sector: TV Broadcasting & Software program Manufacturing
Schemes that held the inventory: Aditya Birla SL Flexi Cap, Taurus Largecap Fairness Fund