Indian equity markets are currently under pressure due to rising geopolitical tensions, particularly the escalating conflict involving Iran, Israel, and the United States. The benchmark Nifty 50 has declined nearly 10% from its 52-week high, while the broader market has been hit even harder, with the Nifty Microcap 250 index falling around 18%. Notably, about 26 microcap stocks have dropped more than 50% from their 52-week highs.
While the market decline has triggered sharp corrections in many stocks, such periods can also create opportunities for patient investors. Against this backdrop, we highlight nine microcap stocks held by more than 15 mutual fund schemes as of February 2026. These companies have experienced significant drops from their highs and may be worth monitoring, as mutual fund investments typically follow rigorous research and due diligence. (Data Source: ACE Equity)