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Fincash » Aditya Birla Sun Life Small Cap Fund Vs SBI Small Cap Fund

Aditya Birla Sun Life Small Cap Fund Vs SBI Small Cap Fund

Updated on November 14, 2019 , 260 views

Aditya Birla Sun Life Small Cap Fund and SBI Small Cap Fund, both belong to the small-cap category of Equity Funds. Small cap funds invest their corpus in shares of start-ups or small sized companies whose market capitalization is below INR 500 Crores. Small-cap shares are considered to be a good investment for long-term. These companies are generally start-ups who are in the nascent stage of development. In addition, these companies are considered to have good growth potentials in the future. Though both Aditya Birla Sun Life Small Cap Fund and SBI Small Cap Fund belong to the same category, yet; there are differences between both the schemes based on the current NAV, AUM, Minimum SIP investment, and other parameters. So, let us understand the differences between both the schemes.

Aditya Birla Sun Life Small Cap Fund (Erstwhile Aditya Birla Sun Life Small & Midcap Fund)

Aditya Birla Sun Life Small Cap Fund (earlier known as Aditya Birla Sun Life Small & mid cap fund) is an open-ended small-cap scheme. The scheme was launched on May 30, 2007. The scheme’s objective is to attain growth and capital appreciation by Investing in equity and equity-related instruments mainly belonging to the small category. ABSL Small Cap Fund is managed by Mr. Jayesh Gandhi. As on 30.06.2018 some of the top holdings of this Birla Sun Life Mutual Fund’s scheme included Reverse Repo, DCB Bank Ltd, Johnson Controls - Hitachi Air Conditioning India Ltd, KEC International Ltd, Cyient Ltd, etc. The fund will follow bottom up approach where the main focus is to identify stocks on their individual merit, irrespective of the sectors to which they belong.

SBI Small Cap Fund (Erstwhile SBI Small & Midcap)

SBI Small Cap Fund (earlier known as SBI Small & Midcap Fund) was launched in the year 2013. The fund seeks to provide investors with a long-term capital growth along with the liquidity of an open-ended scheme by investing in a well-diversified basket of equity stocks of small cap companies. As an investment strategy, the SBI Small Cap Fund follows a blend of growth and value style of investing. The current fund manager of the scheme is R Srinivasan. Some of the top holdings of the scheme as on 31/05/2018 are CCIL-Clearing Corporation of India Ltd (CBLO), Westlife Development LTD, Kirloskar Oil Engines Ltd, Hawkins Cookers Ltd, etc.

Aditya Birla Sun Life Small Cap Fund Vs SBI Small Cap Fund

Though these schemes belong to the same category, yet these schemes differ on various parameters. So, let us understand the parameters which are divided into four sections, namely, Basics Section, Performance Report, Yearly Performance Report, and Other Details Section.

Basics Section

This section compares the various elements such as Current NAV, Scheme Category, and Fincash Rating. To begin with the scheme category, it can be said that both the schemes Aditya Birla Sun Life Small Cap Fund and SBI Small Cap Fund belong to the same category Equity Mutual Fund. With respect to the next parameter, that is, Fincash Rating, it can be said both the funds are rated as 5-Star. In case of Net Asset Value, Aditya Birla Sun Life Small Cap Fund's NAV as on 18th July 2018 is INR 36.9515, whereas the NAV of SBI Small Cap Fund is INR 50.2481. The table given below summarizes the details of basics section.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
₹29.8629 ↓ -0.04   (-0.13 %)
₹2,237 on 30 Sep 19
31 May 07
Equity
Small Cap
1
Moderately High
2.35
-0.64
0.19
-3.44
Not Available
0-365 Days (1%),365 Days and above(NIL)
SBI Small Cap Fund
Growth
Fund Details
₹53.4681 ↓ -0.11   (-0.21 %)
₹2,704 on 30 Sep 19
9 Sep 09
Equity
Small Cap
4
Moderately High
2.64
0.11
1.37
10.05
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The performance section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes at different time periods. With respect to performance, it can be said there is not much difference in the performance of both the schemes. However, in many instances, SBI Small Cap Fund leads the race. The performance of both the schemes at different time periods is shown below as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
1.7%
1%
-8.2%
-11.6%
1%
6.6%
9.2%
SBI Small Cap Fund
Growth
Fund Details
4.7%
11.2%
8.2%
8.3%
14.4%
16.3%
17.9%

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Yearly Performance Section

This section deals with the absolute returns generated by both the funds in each year. In this case, we can see that there is a difference in the performance of both the schemes. In certain situations, ABSL Small Cap Fund has performed better than SBI Small Cap Fund. While in some situations, the other scheme has performed better. The yearly performance of both the funds is tabulated as follows.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
-22.6%
56.7%
9.7%
13.4%
66.3%
SBI Small Cap Fund
Growth
Fund Details
-19.6%
78.7%
1.3%
20.6%
110.7%

Other Details Section

This is the last section in the comparison of both the funds. In this section, the parameters such as AUM, Minimum SIP and Lumpsum Investment, and Exit Load are compared. To begin with the minimum SIP investment, both the schemes have different monthly SIP amounts. In case of Reliance Small Cap Fund it is INR 1,000 while in case of SBI Small Cap Fund it is INR 500. Similarly, in case of minimum lumpsum investment, the amount for both the schemes are different. For Aditya Birla Sun Life Small Cap Fund the minimum lump sum is INR 1,000 and for SBI Small Cap Fund is INR 5,000. The AUM of both the schemes are also different. As on 31st May, 2018, the AUM of ABSL Small Cap Fund was INR 2,274 crores, while of SBI Small Cap Fund it was INR 809 crores. The table given below summarizes the other details for both the schemes.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
₹1,000
₹1,000
Jayesh Gandhi - 4.13 Yr.
SBI Small Cap Fund
Growth
Fund Details
₹500
₹5,000
R. Srinivasan - 5.45 Yr.

Therefore, from the above pointers, it can be said that both the schemes exhibit different attributes with respect to different parameters. However, when it comes to investing, it is always advisable that people should go through the scheme’s modalities completely before doing the actual investment. Additionally, they should also check whether the scheme’s approach is in-line with your investment objective. To get further clarification, you can even consult a financial advisor. This will help you ensure that your investment is safe as well as it paves way for wealth creation.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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