smallcases are available to invest in across multiple brokerages like Zerodha, HDFC securities, AxisDirect, Kotak Securities, etc. Most brokerages have their own in-house research team; each with their own views on the capital & equity markets, as well as recommendations on individual stocks.

It is possible that, in some instances, the same stock can have different recommendations from different brokerage firms.

Since all smallcases are assessed & approved by each brokerage on which they are available, the brokerage may often add or remove certain stocks based on their own views. As a result, there are times when the same smallcase has slightly different stock/ETF constituents across different brokerages.

For example, you may see that the Electric Mobility smallcase has X on smallcase.com, but on a particular Broker A, the same smallcase has Y & Z.

These alterations exist due to different views of brokerages on certain individual stocks/ETFs. However, this doesn’t impact the overall theme or investment strategy of the smallcase. Ultimately, only stocks that are suitable to that theme/strategy and qualify our rigorous quality checks & proprietary liquidity checks are included in the smallcase.

Happy Investing!