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Fincash » L&T Emerging Businesses Fund Vs Kotak Small Cap Fund

L&T Emerging Businesses Fund Vs Kotak Small Cap Fund

Updated on February 27, 2024 , 906 views

Both L&T Emerging Businesses Fund and Kotak Small Cap Fund belong to the category of Small cap funds. Small-cap funds invest in shares of companies having a Market capitalization of less than INR 500 Crores. Both the schemes are suitable for long-term tenure. So, let us understand the differences between L&T Emerging Businesses Fund and Kotak Small Cap Fund through this article.

About L&T Emerging Businesses Fund

L&T Emerging Businesses Fund was launched in the month of May 2014. The investment objective of L&T Emerging Businesses Fund is to attain Capital appreciation in the long-run. This objective is attained from a diversified Portfolio consisting of equity-related securities predominantly focusing on small-cap companies. This scheme is jointly managed by Mr. S. N. Lahiri and Mr. Karan Desai. As on March 31, 2018, some of the constituents of L&T Emerging Businesses Fund’s portfolio consisted of Supreme Industries Limited, Swaraj Engines Limited, NOCIL Limited, Future Retail Limited. L&T Emerging Businesses Fund uses S&P BSE Small Cap TRI as its benchmark to construct its portfolio. The key benefits of L&T Emerging Businesses Fund are experienced investment team, suitable for investors seeking higher returns, and style diversifier.

About Kotak Small Cap Fund (Erstwhile Kotak Midcap Scheme)

Kotak Small Cap Fund (earlier known as Kotak Midcap Scheme) was incepted on February 24, 2005. This scheme is suitable for individuals seeking for long-term capital growth by Investing in equity and equity-related securities primarily consisting of small-cap companies. JK Cement Limited, Dixon Technologies India Limited, IndusInd Bank Limited, and Solar Industries India Limited are some of the top holdings of Kotak Small Cap Fund as on March 31, 2018. Mr. Pankaj Tibrewal is the sole fund manager managing Kotak Small Cap Fund. Based on the Asset Allocation pattern, Kotak Small Cap Fund invests around 65-100% of its accumulated fund money in shares of mid-cap securities. The remaining fund money is invested fixed Income and money market instruments or shares of companies other than small-cap category up to a maximum limit of 35%.

L&T Emerging Businesses Fund Vs Kotak Small Cap Fund

Though both the Mutual Fund schemes belong to the same category, nonetheless; they differ on account of various parameters such as AUM, performance, and so on. So, let’s compare the differences between L&T Emerging Businesses Fund and Kotak Small Cap Fund using these parameters that are classified into four section given below as follows.

Basics Section

Current NAV, Fincash Rating, and scheme category are the parameters that form part of the basics section. The comparison of current NAV reveals that there is a significant difference between the NAV of both the schemes. As on April 24, 2018, the NAV of Kotak Small Cap Fund was approximately INR 81 while of L&T Emerging Businesses Fund was around INR 28. With respect to Fincash Rating of the schemes, it can be said that L&T Emerging Businesses Fund is rated as 5-Star while Kotak Small Cap Fund is rated as 3-Star. The scheme category for both Mutual Fund schemes is same, that is, Equity Mid & Small-cap. 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
L&T Emerging Businesses Fund
Growth
Fund Details
₹71.2562 ↓ -0.18   (-0.25 %)
₹13,981 on 31 Jan 24
12 May 14
Equity
Small Cap
2
High
1.84
3.31
0.75
7
Not Available
0-1 Years (1%),1 Years and above(NIL)
Kotak Small Cap Fund
Growth
Fund Details
₹219.562 ↑ 0.53   (0.24 %)
₹14,426 on 31 Jan 24
24 Feb 05
Equity
Small Cap
23
Moderately High
1.48
2.22
-0.72
-5.02
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

This section compares the Compounded Annual Growth Rate or CAGR returns of both the schemes. These CAGR returns are compared at different time intervals such as 1 Month Return, 6 Month Return, 5 Year Return, and Return Since Inception. The comparison of performance section reveals that in many instances the returns generated by L&T Emerging Businesses Fund is higher. The summary comparison of the performance section is as shown in the table given below.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
L&T Emerging Businesses Fund
Growth
Fund Details
-1.9%
6.4%
15.5%
52%
34.6%
25.1%
22.2%
Kotak Small Cap Fund
Growth
Fund Details
-1.8%
5%
10.6%
37.5%
24%
27.4%
17.6%

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Yearly Performance Section

The comparison of absolute returns generated by both schemes for a particular year is compared in this section. The analysis of this section also reveals that L&T Emerging Businesses Fund Leads the race. The table given below summarizes the comparison of the yearly performance section.

Parameters
Yearly Performance2023
2022
2021
2020
2019
L&T Emerging Businesses Fund
Growth
Fund Details
46.1%
1%
77.4%
15.5%
-8.1%
Kotak Small Cap Fund
Growth
Fund Details
34.8%
-3.1%
70.9%
34.2%
5%

Other Details Section

It is the last section in the comparison of both the schemes. This section compares elements such as AUM, minimum SIP and lumpsum amount, and others related parameters. The comparison of AUM reveals a drastic difference between both the schemes. As on March 31, 2018, the AUM of Kotak Small Cap Fund was around INR 819 Crores while of L&T Emerging Businesses Fund was around INR 4,404 Crores. The minimum lumpsum investment for both the schemes is same, that is, INR 5,000. However, the minimum SIP investment for Kotak Mutual Fund’s scheme is INR 1,000 and for L&T Mutual Fund’s scheme is INR 500. The comparison of other details section is summarized in the table given below.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
L&T Emerging Businesses Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 4.13 Yr.
Kotak Small Cap Fund
Growth
Fund Details
₹1,000
₹5,000
Arjun Khanna - 1.76 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
L&T Emerging Businesses Fund
Growth
Fund Details
DateValue
28 Feb 19₹10,000
29 Feb 20₹9,397
28 Feb 21₹12,554
28 Feb 22₹18,380
28 Feb 23₹20,116
Growth of 10,000 investment over the years.
Kotak Small Cap Fund
Growth
Fund Details
DateValue
28 Feb 19₹10,000
29 Feb 20₹11,557
28 Feb 21₹17,575
28 Feb 22₹23,785
28 Feb 23₹24,371

Detailed portfolio Comparison

Asset Allocation
L&T Emerging Businesses Fund
Growth
Fund Details
Asset ClassValue
Cash1.51%
Equity98.49%
Equity Sector Allocation
SectorValue
Industrials35.44%
Basic Materials14.87%
Consumer Cyclical14.35%
Technology10.77%
Financial Services8.57%
Real Estate5.84%
Health Care4.86%
Consumer Defensive2.45%
Energy0.85%
Communication Services0.49%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS
3%₹425 Cr701,601
↓ -12,000
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL
3%₹411 Cr4,981,639
Sonata Software Ltd (Technology)
Equity, Since 31 Jul 18 | SONATSOFTW
3%₹364 Cr4,896,490
Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | BRIGADE
3%₹340 Cr3,791,618
KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH
3%₹331 Cr2,188,200
KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI
2%₹320 Cr985,358
Birlasoft Ltd (Technology)
Equity, Since 31 Aug 20 | BSOFT
2%₹319 Cr4,417,943
↓ -178,257
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI
2%₹293 Cr870,422
EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | EIHOTEL
2%₹250 Cr10,023,622
Maharashtra Seamless Ltd (Basic Materials)
Equity, Since 31 Dec 16 | MAHSEAMLES
2%₹241 Cr2,607,628
Asset Allocation
Kotak Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.79%
Equity95.21%
Equity Sector Allocation
SectorValue
Industrials35.93%
Consumer Cyclical20.73%
Basic Materials19.02%
Health Care6.37%
Financial Services4.9%
Technology2.59%
Consumer Defensive2.47%
Real Estate1.65%
Communication Services1.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Cyient Ltd (Industrials)
Equity, Since 31 Dec 19 | CYIENT
5%₹690 Cr3,007,244
↓ -11,097
Century Plyboards (India) Ltd (Basic Materials)
Equity, Since 31 Oct 18 | CENTURYPLY
3%₹489 Cr6,337,762
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 18 | CARBORUNIV
3%₹445 Cr4,000,051
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Jan 18 | RATNAMANI
3%₹423 Cr1,258,764
↓ -98,355
Blue Star Ltd (Industrials)
Equity, Since 31 May 18 | BLUESTARCO
3%₹367 Cr3,876,150
↓ -100,000
Galaxy Surfactants Ltd (Basic Materials)
Equity, Since 31 Jan 18 | GALAXYSURF
2%₹352 Cr1,268,161
Techno Electric & Engineering Co Ltd (Industrials)
Equity, Since 31 Dec 18 | TECHNOE
2%₹335 Cr4,184,629
Blue Dart Express Ltd (Industrials)
Equity, Since 31 Oct 19 | BLUEDART
2%₹317 Cr430,884
Garware Technical Fibres Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | GARFIBRES
2%₹298 Cr885,547
Alembic Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jan 22 | APLLTD
2%₹294 Cr3,874,016

Therefore, from the above parameters, it can be said that both the schemes differ with each other. As a result, individuals should pay a lot of caution while choosing any of the schemes. They should understand the modalities of the scheme thoroughly and ensure that the scheme matches with their investment objectives. This will help them to attain their objectives on time and ensure that their investment 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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