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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 January 28, 2023 , 739 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
₹45.7886 ↓ -0.04   (-0.08 %)
₹8,697 on 31 Dec 22
12 May 14
Equity
Small Cap
2
High
1.87
-0.16
0.2
1.83
Not Available
0-1 Years (1%),1 Years and above(NIL)
Kotak Small Cap Fund
Growth
Fund Details
₹158.397 ↓ -0.11   (-0.07 %)
₹8,498 on 31 Dec 22
24 Feb 05
Equity
Small Cap
23
Moderately High
1.55
-0.49
0.57
-3.22
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
-3%
-2.4%
2.9%
-0.1%
24.6%
10.1%
19.1%
Kotak Small Cap Fund
Growth
Fund Details
-2.4%
-3.3%
0%
-2.2%
25.7%
14%
16.7%

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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 Performance2022
2021
2020
2019
2018
L&T Emerging Businesses Fund
Growth
Fund Details
1%
77.4%
15.5%
-8.1%
-13.7%
Kotak Small Cap Fund
Growth
Fund Details
-3.1%
70.9%
34.2%
5%
-17.3%

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 - 3.04 Yr.
Kotak Small Cap Fund
Growth
Fund Details
₹1,000
₹5,000
Pankaj Tibrewal - 12.95 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
31 Dec 17₹10,000
31 Dec 18₹8,628
31 Dec 19₹7,925
31 Dec 20₹9,150
31 Dec 21₹16,233
31 Dec 22₹16,397
Growth of 10,000 investment over the years.
Kotak Small Cap Fund
Growth
Fund Details
DateValue
31 Dec 17₹10,000
31 Dec 18₹8,270
31 Dec 19₹8,687
31 Dec 20₹11,659
31 Dec 21₹19,930
31 Dec 22₹19,317

Detailed portfolio Comparison

Asset Allocation
L&T Emerging Businesses Fund
Growth
Fund Details
Asset ClassValue
Cash2.04%
Equity97.96%
Equity Sector Allocation
SectorValue
Industrials33.99%
Basic Materials17.39%
Consumer Cyclical16.06%
Financial Services8.99%
Technology6.89%
Real Estate5.69%
Consumer Defensive5.04%
Health Care2.69%
Energy1.16%
Communication Services0.08%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL
3%₹263 Cr5,081,639
RHI Magnesita India Ltd (Industrials)
Equity, Since 31 Aug 18 | RHIM
3%₹253 Cr3,018,479
JK Lakshmi Cement Ltd (Basic Materials)
Equity, Since 31 Oct 20 | JKLAKSHMI
3%₹232 Cr2,845,600
↑ 111,765
City Union Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | CUB
3%₹218 Cr12,108,492
E I D Parry India Ltd (Consumer Defensive)
Equity, Since 31 Jan 20 | EIDPARRY
2%₹216 Cr3,804,620
Indian Bank (Financial Services)
Equity, Since 31 Jan 22 | INDIANB
2%₹216 Cr7,556,600
Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS
2%₹212 Cr1,184,900
Grindwell Norton Ltd (Industrials)
Equity, Since 30 Sep 17 | GRINDWELL
2%₹201 Cr1,127,322
↓ -100,000
Carborundum Universal Ltd (Industrials)
Equity, Since 31 Jul 16 | CARBORUNIV
2%₹197 Cr2,249,700
KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI
2%₹195 Cr1,329,400
Asset Allocation
Kotak Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash3.23%
Equity96.77%
Equity Sector Allocation
SectorValue
Industrials33.29%
Consumer Cyclical27.55%
Basic Materials20.05%
Financial Services5.16%
Health Care3.38%
Technology3.15%
Consumer Defensive1.9%
Real Estate1.34%
Energy0.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 18 | CARBORUNIV
4%₹366 Cr4,186,972
Century Plyboards (India) Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | CENTURYPLY
3%₹289 Cr5,620,490
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Jan 18 | RATNAMANI
3%₹282 Cr1,440,380
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | SFL
3%₹250 Cr1,927,672
Cyient Ltd (Industrials)
Equity, Since 31 Dec 19 | CYIENT
3%₹248 Cr3,061,007
Galaxy Surfactants Ltd (Basic Materials)
Equity, Since 31 Jan 18 | GALAXYSURF
3%₹244 Cr992,909
Blue Star Ltd (Industrials)
Equity, Since 31 May 18 | BLUESTARCO
3%₹237 Cr1,978,982
Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Aug 11 | SOLARINDS
3%₹224 Cr511,511
↓ -22,329
Garware Technical Fibres Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | GARFIBRES
3%₹223 Cr715,959
↑ 15,576
Supreme Industries Ltd (Industrials)
Equity, Since 31 May 14 | SUPREMEIND
3%₹215 Cr879,324
↓ -108,851

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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