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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 October 17, 2019 , 757 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
₹30.1704 ↑ 0.40   (1.36 %)
₹2,110 on 31 Aug 19
31 May 07
Equity
Small Cap
1
Moderately High
2.63
-1.35
0.15
-5.1
Not Available
0-365 Days (1%),365 Days and above(NIL)
HDFC Small Cap Fund
Growth
Fund Details
₹38.705 ↑ 0.49   (1.27 %)
₹8,209 on 31 Aug 19
3 Apr 08
Equity
Small Cap
9
Moderately High
2.19
-1.25
1.03
-2.24
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
2.2%
-6.5%
-14%
-8.6%
-1.8%
8.5%
9.3%
HDFC Small Cap Fund
Growth
Fund Details
1.6%
-4.8%
-12.3%
-6.1%
7.2%
11.5%
12.4%

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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
-22.6%
56.7%
9.7%
13.4%
66.3%
HDFC Small Cap Fund
Growth
Fund Details
-8.1%
60.8%
5.4%
6.4%
51.5%

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 - 4.13 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
30 Sep 14₹10,000
30 Sep 15₹11,895
30 Sep 16₹15,066
30 Sep 17₹18,677
30 Sep 18₹16,703
30 Sep 19₹14,785
Growth of 10,000 investment over the years.
HDFC Small Cap Fund
Growth
Fund Details
DateValue
30 Sep 14₹10,000
30 Sep 15₹11,106
30 Sep 16₹13,160
30 Sep 17₹16,401
30 Sep 18₹18,004
30 Sep 19₹16,834

Detailed portfolio Comparison

Asset Allocation
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash10.38%
Equity89.62%
Equity Sector Allocation
SectorValue
Financial Services18.63%
Industrials18.52%
Consumer Cyclical16.95%
Basic Materials11.56%
Technology9.33%
Utility5.04%
Health Care4.76%
Consumer Defensive1.78%
Energy1.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Aditya BSL Overnight Dir Gr
Investment Fund | -
9%₹200 Cr1,895,189
↑ 1,895,189
DCB Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | 532772
3%₹74 Cr3,800,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
3%₹74 Cr2,700,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 30 Jun 17 | 506401
3%₹72 Cr2,400,000
↓ -197,000
INOX Leisure Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | 532706
3%₹66 Cr2,000,000
↑ 10,793
Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Dec 18 | 504973
3%₹66 Cr1,350,000
↑ 58,996
PNC Infratech Ltd (Industrials)
Equity, Since 31 May 15 | PNCINFRA
3%₹64 Cr3,370,000
↓ -65,626
Satin Creditcare Network Ltd (Financial Services)
Equity, Since 31 Dec 17 | SATIN
3%₹63 Cr2,023,500
↑ 21,758
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | FEDERALBNK
2%₹54 Cr6,000,000
↑ 250,000
Mahindra CIE Automotive Ltd (Consumer Cyclical)
Equity, Since 29 Feb 16 | 532756
2%₹52 Cr3,125,000
↑ 204,259
Asset Allocation
HDFC Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash12.55%
Equity84.33%
Debt1.5%
Other1.62%
Equity Sector Allocation
SectorValue
Consumer Cyclical23.22%
Technology12.94%
Industrials12.52%
Financial Services12.18%
Basic Materials12.09%
Health Care6.68%
Utility2.38%
Consumer Defensive0.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Net Current Assets
Net Current Assets | -
12%₹970 Cr
NIIT Technologies Ltd (Technology)
Equity, Since 31 Jul 14 | 532541
4%₹289 Cr1,932,000
DCB Bank Ltd (Financial Services)
Equity, Since 30 Apr 19 | 532772
3%₹284 Cr13,644,886
↑ 1,661,276
Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | 532221
3%₹259 Cr8,421,506
↑ 990,173
Chambal Fertilisers & Chemicals Ltd (Basic Materials)
Equity, Since 28 Feb 18 | 500085
3%₹212 Cr13,697,228
Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Aug 12 | AUROPHARMA
2%₹200 Cr3,332,301
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 30 Nov 18 | BALKRISIND
2%₹200 Cr2,683,447
Bajaj Electricals Ltd (Utilities)
Equity, Since 31 Mar 19 | 500031
2%₹195 Cr4,970,229
↑ 2,121,329
Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 18 | 532809
2%₹194 Cr40,216,491
↑ 1,206,000
KEI Industries Ltd (Technology)
Equity, Since 30 Sep 17 | 517569
2%₹181 Cr3,850,003
↑ 175,800

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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