MF favourites: 12 smallcap stocks surge up to 240% in CY26; 3 turn multibaggers

As of May 2026, 12 smallcap stocks held by multiple mutual fund schemes have surged between 70% and 240% in CY26, including three multibaggers, per ETMarkets analysis of ACE MF data. MCX leads with 347 MF schemes holding the stock (up about 30% in CY26), followed by Radico Khaitan (209 schemes) and RBL Bank (202 schemes). The top gainer is MTAR Technologies at 243%, followed by HFCL (209%) and Aditya Infotech (144%), reflecting strong institutional conviction in select smallcap names.