Mutual Fund Exposure to SJVN: A Value and Midcap Play

SJVN (Satluj Jal Vidyut Nigam) has attracted attention from mutual funds with a focus on value, small-cap, and midcap segments. The highest exposure comes from Baroda BNP Paribas Value Fund and Baroda BNP Paribas Small Cap Fund, with investments of ₹25 crore and ₹24 crore respectively. These holdings, representing nearly 2% of their respective portfolios, indicate strong conviction in SJVN’s valuation and potential for long-term appreciation—particularly in the power and infrastructure sector, which aligns with their investment themes. Further supporting this trend is the Baroda BNP Paribas Dividend Yield Fund, which has invested ₹9 crore in SJVN. Its inclusion here underscores the company’s consistent dividend-paying track record, appealing to investors seeking steady income and relative stability within the equity market. These Baroda BNP funds, taken together, reflect a deliberate strategy of leveraging SJVN’s fundamentals, dividend profile, and potential for growth within India’s energy transition roadmap. In addition to actively managed funds, passive index-based strategies have also taken positions in SJVN. Motilal Oswal and Nippon India’s Nifty Midcap 150 index offerings—both mutual fund and ETF formats—each hold exposure of around ₹3–4 crore. These holdings stem from SJVN’s place in the Nifty Midcap 150 Index, allowing investors indirect exposure through broader midcap baskets. The consistent appearance across both active and passive funds highlights a growing institutional belief in SJVN’s role within India’s evolving energy and infrastructure landscape.