Bandhan Small Cap Fund Shifts to Internet Value Stocks After Outperforming Peers

• Bandhan Small Cap Fund, which outperformed 93% of peers, is now focusing on fast-growing internet firms.
• The $2.1 billion fund added holdings like Paytm, Info Edge India Ltd., and IndiaMart InterMesh Ltd. despite their recent struggles.
• Manish Gunwani, CIO of equities at Bandhan AMC, sees opportunity in "unpopular value stocks" with potential to double.
• The fund increased its stake in Paytm owner One 97 Communications Ltd. in January, citing improved profitability and new financial services plans.
• Portfolio is overweight financial services and real estate, adding textiles, internet, and renewables, while trimming metal shares.