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Fincash » ABSL Small Cap Vs HDFC Small Cap Fund

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

Updated on January 22, 2020 , 904 views

HDFC small cap Fund and Aditya Birla Sun Life Small Cap Fund both the schemes belong to the small-cap category of Equity Funds. These funds invest their corpus in shares of companies whose market capitalization is less than INR 500 Crores. These companies are either start-ups or in their early stages of development and have huge growth potentials. In addition, these companies in many situations have performed better as compared to other large and mid-cap companies. However, the investment tenure of small-cap companies is generally high. Though HDFC Small Cap Fund and Aditya Birla Sun Life Small Cap Fund belong to the same category, nevertheless; they differ on account of numerous parameters. So, let’s analyze the differences between these schemes through these parameters.

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 & Midcap Fund) is an open-ended scheme offered by Aditya Birla Sun Life Mutual Fund under the small-cap category. The investment goal of this scheme is to attain generate growth in capital investment in the long-term tenure by primarily Investing in shares of small and midcap companies. The scheme was incepted on May 30, 2007, and is managed solely by Mr. Jayesh Gandhi. The highlight of ABSL Small Cap Fund is that it invests more than 70% of its accumulated fund money in shares of small-cap companies. As on March 31, 2018, some of the top 10 holdings of this scheme of Birla Sun Life Mutual Fund included Tata Metaliks Limited, Gujrat State Petronet Limited, CG Power & Industrial Solutions Limited, and DCB Bank Limited.

HDFC Small Cap Fund

The objective of HDFC Small Cap Fund is to attain appreciation in the capital invested by the investors in the long-term tenure by investing the money mainly in companies forming part of the small-cap category. The risk-appetite of HDFC Small Cap Fund is moderately high and is suitable for investors seeking an investment in small-cap companies thereby attaining capital growth. HDFC Small Cap Fund is managed by HDFC Mutual Fund and was launched in the month of April 2008. The scheme uses NIFTY Smallcap 100 Index and NIFTY 50 as its primary and additional benchmark to construct its portfolio. Mr. Chirag Setalvad and Mr. Rakesh Vyas together manage the HDFC Small Cap Fund. Sonata Software Limited, Atul Limited, Chambal Fertilizers and Chemicals Limited, and SKF India Limited, are some of the holdings that are part of HDFC Small Cap Fund’s portfolio as on March 31, 2018.

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

Though both the schemes belong to the same category, yet; they differ on account of numerous parameters such as performance, current NAV, and so on. So, let’s understand the differences between Aditya Birla Sun Life Small Cap Fund Vs HDFC Small Cap Fund through this article.

Basics Section

It is the first section in the comparison that includes elements such as Current NAV, scheme category, and Fincash Rating. To begin with the scheme category, it can be referred that both the schemes belong to the same category of Equity Mid & Small-cap. The comparison of NAV shows that HDFC Small Cap Fund leads the race. As on April 26, 2018, the NAV of ABSL Small Cap Fund was approximately INR 42 while of HDFC Small Cap Fund was around INR 47. With respect to Fincash Rating, it can be said that Aditya Birla Sun Life Small Cap Fund is rated as a 5-Star scheme and HDFC Small Cap Fund is rated as a 4-Star scheme. The summary comparison of the basics section is tabulated as follows.

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
₹33.181 ↑ 0.20   (0.61 %)
₹2,255 on 31 Dec 19
31 May 07
Equity
Small Cap
1
Moderately High
2.35
-0.68
0.13
-3.47
Not Available
0-365 Days (1%),365 Days and above(NIL)
HDFC Small Cap Fund
Growth
Fund Details
₹40.852 ↑ 0.07   (0.17 %)
₹9,232 on 31 Dec 19
3 Apr 08
Equity
Small Cap
9
Moderately High
2.19
-0.72
0.91
-3.61
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

This being the second section compares the CAGR or Compounded Annual Growth Rate returns of both the schemes at different time intervals. These time intervals include 1 Month Return, 6 Month Return, 3 Year Return, and Return since Inception. The analysis of the performance section shows that; HDFC Small Cap Fund leads the race in many instances. In addition, there also exists a significant difference between the returns of both the schemes. The table given below shows the summary comparison of the performance section.

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
10.4%
9.8%
6.4%
0.9%
2.8%
6.7%
9.9%
HDFC Small Cap Fund
Growth
Fund Details
7.4%
5.5%
4%
-2.3%
10.7%
9.3%
12.7%

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Yearly Performance Section

It is the third section in the comparison of the schemes. The comparable element of yearly performance section is the absolute returns generated by both the schemes for a particular year. With respect to absolute returns, it can be said that for certain years, ABSL Small Cap Fund has done better while in others, HDFC Small Cap Fund has performed well. The table given below summarizes the comparison of yearly performance section.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
-11.5%
-22.6%
56.7%
9.7%
13.4%
HDFC Small Cap Fund
Growth
Fund Details
-9.5%
-8.1%
60.8%
5.4%
6.4%

Other Details Sections

AUM, minimum SIP investment, and minimum lumpsum investment are some of the parameters that form part of the other details section. With respect to the AUM, there is not much difference between both the schemes, though HDFC Mutual Fund’s scheme leads the race. As on March 31, 2018, the AUM of ABSL Small Cap Fund was approximately INR 2,089 Crores while of HDFC Small Cap Fund was around INR 2,968 Crores. Both the schemes also differ on account of minimum SIP and lumpsum investment. The minimum SIP and lumpsum investment for ABSL Small Cap Fund are INR 1,000 for both respectively. However, the SIP and lumpsum investment for HDFC Small Cap Fund is INR 500 and INR 5,000. The summary comparison of this section is as shown in the table given below.

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 - 4.88 Yr.
HDFC Small Cap Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 5.27 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹11,343
31 Dec 16₹12,438
31 Dec 17₹19,491
31 Dec 18₹15,077
31 Dec 19₹13,337
Growth of 10,000 investment over the years.
HDFC Small Cap Fund
Growth
Fund Details
DateValue
31 Dec 14₹10,000
31 Dec 15₹10,642
31 Dec 16₹11,220
31 Dec 17₹18,037
31 Dec 18₹16,580
31 Dec 19₹15,006

Detailed portfolio Comparison

Asset Allocation
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.64%
Equity95.36%
Equity Sector Allocation
SectorValue
Industrials25.11%
Financial Services20.34%
Consumer Cyclical12.51%
Basic Materials11.97%
Communication Services6.06%
Health Care5.79%
Utility4.67%
Technology3.98%
Consumer Defensive3.5%
Energy0.83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Receivables / (Payables)
Net Current Assets | -
4%₹82 Cr
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 30 Jun 17 | 506401
4%₹81 Cr2,400,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
3%₹78 Cr2,750,000
↑ 50,000
Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Dec 18 | 504973
3%₹74 Cr1,500,000
↑ 50,000
INOX Leisure Ltd (Communication Services)
Equity, Since 31 Aug 16 | 532706
3%₹74 Cr2,050,000
↑ 50,000
DCB Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | 532772
3%₹72 Cr3,967,000
↑ 137,000
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | FEDERALBNK
3%₹60 Cr6,800,000
↑ 800,000
TeamLease Services Ltd (Industrials)
Equity, Since 30 Sep 19 | TEAMLEASE
2%₹56 Cr225,000
↑ 60,000
PNC Infratech Ltd (Industrials)
Equity, Since 31 May 15 | PNCINFRA
2%₹56 Cr2,861,396
↓ -508,604
Tata Metaliks Ltd (Basic Materials)
Equity, Since 28 Feb 17 | 513434
2%₹55 Cr900,000
↑ 623
Asset Allocation
HDFC Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash11.69%
Equity88.31%
Equity Sector Allocation
SectorValue
Industrials18.76%
Consumer Cyclical17.93%
Technology11.54%
Basic Materials11.28%
Financial Services10.42%
Health Care7.12%
Communication Services5.27%
Utility2.14%
Consumer Defensive1.84%
Energy1.55%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
8%₹742 Cr
NIIT Technologies Ltd (Technology)
Equity, Since 31 Jul 14 | 532541
3%₹288 Cr1,932,000
Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | 532221
3%₹275 Cr8,857,000
DCB Bank Ltd (Financial Services)
Equity, Since 30 Apr 19 | 532772
3%₹253 Cr13,906,886
INOX Leisure Ltd (Communication Services)
Equity, Since 31 Jul 18 | 532706
3%₹237 Cr6,597,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 15 | 500850
3%₹228 Cr15,261,167
↑ 860,000
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 30 Nov 18 | BALKRISIND
2%₹222 Cr2,400,000
↓ -283,447
Chalet Hotels Ltd (Consumer Cyclical)
Equity, Since 28 Feb 19 | 542399
2%₹219 Cr6,180,597
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | FEDERALBNK
2%₹215 Cr24,189,317
Finolex Industries Ltd (Industrials)
Equity, Since 31 Oct 18 | FINPIPE
2%₹209 Cr3,599,682

To conclude in a nutshell, it can be said that there are differences between both the schemes in-spite of them belonging to the same category. As a consequence, individuals should be careful while investing in any of the schemes. They should understand its modalities completely and check whether the scheme suits their investment objective or not. This will help them to attain their objectives on time along with ensuring that their capital is safe.

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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