+91-22-48913909L&T Emerging Businesses Fund Vs Aditya Birla Sun Life Small Cap Fund
L&T Emerging Businesses Fund and Aditya Birla Sun Life Small Cap Fund both the schemes belong to the same category of small-cap fund. In short, Small cap funds are the schemes that invest the corpus in the shares of companies whose Market capitalization is less than INR 500 Crores. These companies are generally start-ups or are in their nascent stages of development. These companies are considered to have good growth potentials and chances to generate good returns in the long-run. Though both L&T Emerging Businesses Fund and ABSL Small Cap Fund belong to the same category, nevertheless; they differ on account of various parameters. So, let’s understand the differences between both the schemes.
L&T Emerging Businesses Fund
This scheme of L&T Mutual Fund was incepted on May 13, 2014, and is offered under the small-cap category. The investment objective of this scheme is to generate long-term Capital growth from a diversified Portfolio consisting of equity-related securities predominantly focusing on small-cap companies. Mr. S. N. Lahiri and Mr. Karan Desai are the Fund managers managing the L&T Emerging Businesses Fund. L&T Emerging Businesses Fund uses S&P BSE Small Cap TRI Index as its yardstick to construct its portfolio. Based on the scheme’s Asset Allocation, it invests around 50-100% in equity and equity-related instruments of small cap companies while the remaining in fixed Income and money market instruments. Some of the key benefits of L&T Emerging Businesses Fund include style diversifier, suitable for investors seeking higher returns, and an experienced investment team.
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 managed and offered by Aditya Birla Sun Life Mutual Fund under the small-cap category. This scheme was launched on May 30, 2007. The objective of this scheme is to attain growth and appreciation in capital by Investing in equity and equity-related instruments of companies belonging to the small and mid-cap sector. Mr. Jayesh Gandhi is the sole fund manager managing the ABSL Small Cap Fund. As on March 31, 2018, some of the top holdings of this Birla Sun Life Mutual Fund’s scheme include Johnson Controls, CG Power & Industrial Solutions Limited, Gujrat State Petronet Limited, and Tata Metaliks Limited. This scheme is suitable for individuals seeking for long-term capital growth by investing in equity and equity-related instruments of small cap companies.
L&T Emerging Businesses Fund Vs Aditya Birla Sun Life Small Cap Fund
Though both the schemes belong to the same category, yet; they differ on account of numerous parameters. So, let’s understand the differences between these schemes by comparing the parameters that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.
Basics Section
Current NAV, Fincash Rating, and scheme category are some of the elements that form part of the basics section. To begin with the scheme category, it can be said that both the schemes belong to the same category, that is, Equity Mid & Small-Cap. 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 L&T Emerging Businesses Fund was approximately INR 28 while of ABSL Small Cap Scheme was nearly INR 42. With respect to Fincash Rating, it can be said that, both the schemes are rated as 5-Star Schemes. The table given below shows the summary comparison of the basics section.
Parameters Basics NAV Net Assets (Cr) Launch Date Rating Category Sub Cat. Category Rank Risk Expense Ratio Sharpe Ratio Information Ratio Alpha Ratio Benchmark Exit Load SBI Focused Equity Fund
Growth
Fund Details ₹359.04 ↑ 1.13 (0.32 %) ₹37,936 on 31 Jul 25 11 Oct 04 ☆☆ Equity Focused 32 Moderately High 1.58 -0.13 -0.17 3.97 Not Available 0-1 Years (1%),1 Years and above(NIL) Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details ₹86.3203 ↑ 0.46 (0.54 %) ₹5,011 on 31 Jul 25 31 May 07 ☆☆☆☆☆ Equity Small Cap 1 Moderately High 1.89 -0.43 0 0 Not Available 0-365 Days (1%),365 Days and above(NIL)
Performance Section
The comparison of Compounded Annual Growth Rate or CAGR returns is done in the performance section. These returns are compared at different intervals such as 3 Month Return, 1 Year Return, 3 Year Return, and 5 Year Return. The comparison of CAGR returns reveals that, in most of the instances, the returns generated by L&T Emerging Businesses Fund is higher than the performance of ABSL Small Cap Fund. The table given below shows the summary comparison of the performance section.
Parameters Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Focused Equity Fund
Growth
Fund Details 3.4% 3.5% 15.9% 5.6% 14.8% 19.3% 18.5% Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details 2.9% 0.4% 21.2% -6.6% 16.4% 22.8% 12.4%
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Yearly Performance Section
Yearly Performance section is the third section in the comparison of both the schemes. It analyses the difference in the absolute returns generated by both the schemes for a particular year. The comparison of absolute returns also reveals that in most instances, L&T Emerging Businesses Fund has done well. The summarized comparison of the yearly performance section is tabulated as follows.
Parameters Yearly Performance 2024 2023 2022 2021 2020 SBI Focused Equity Fund
Growth
Fund Details 17.2% 22.2% -8.5% 43% 14.5% Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details 21.5% 39.4% -6.5% 51.4% 19.8%
Other Details Section
It is the last section in the comparison of both the schemes. The comparable elements that form part of other details section include AUM, minimum SIP investment, and minimum lumpsum investment. The comparison of AUM reveals that both the schemes differ on account of AUM. As on March 31, 2018, the AUM of L&T Emerging Businesses Fund was around INR 4,404 Crores while of Aditya Birla Sun Life Small Cap Fund was nearly INR 2,089 Crores. It can be said that both the schemes also differ on account of minimum SIP and lumpsum investment. With respect to minimum SIP amount, in case of L&T Mutual Fund, it is INR 500 while for ABSL Mutual Fund, it is INR 1,000. In the same manner, the minimum lumpsum amount for L&T’s scheme is INR 5,000 while for ABSL’s scheme is INR 1,000. The table given below summarizes the comparison of other details section.
Parameters Other Details Min SIP Investment Min Investment Fund Manager SBI Focused Equity Fund
Growth
Fund Details ₹500 ₹5,000 R. Srinivasan - 16.35 Yr. Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details ₹1,000 ₹1,000 Abhinav Khandelwal - 0.84 Yr.
Growth of 10k Investments over the years
SBI Focused Equity Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹15,523 31 Aug 22 ₹15,547 31 Aug 23 ₹17,298 31 Aug 24 ₹22,477 31 Aug 25 ₹23,210 Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 Aug 20 ₹10,000 31 Aug 21 ₹18,059 31 Aug 22 ₹17,984 31 Aug 23 ₹22,820 31 Aug 24 ₹30,930 31 Aug 25 ₹28,349
Detailed portfolio Comparison
SBI Focused Equity Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.96% Equity 94.09% Debt 0.95% Equity Sector Allocation
Sector Value Financial Services 31.27% Consumer Cyclical 20.85% Communication Services 11.51% Basic Materials 10.48% Consumer Defensive 5.55% Industrials 4.92% Technology 4% Health Care 3.08% Utility 2.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 13 | HDFCBANK7% ₹2,825 Cr 14,000,000 Alphabet Inc Class A (Communication Services)
Equity, Since 30 Sep 18 | GOOGL6% ₹2,352 Cr 1,400,000 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 30 Nov 21 | 8901575% ₹2,015 Cr 14,000,000 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Mar 25 | 5329785% ₹1,948 Cr 10,000,000 State Bank of India (Financial Services)
Equity, Since 30 Sep 21 | SBIN5% ₹1,852 Cr 23,250,000
↑ 8,250,000 Muthoot Finance Ltd (Financial Services)
Equity, Since 29 Feb 20 | 5333985% ₹1,829 Cr 7,000,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 24 | KOTAKBANK5% ₹1,781 Cr 9,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 21 | ICICIBANK4% ₹1,630 Cr 11,000,000 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Jul 16 | SOLARINDS4% ₹1,564 Cr 1,100,000 EPAM Systems Inc (Technology)
Equity, Since 31 Jan 25 | EPAM4% ₹1,519 Cr 1,100,000 Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 5.3% Equity 94.7% Equity Sector Allocation
Sector Value Industrials 18.85% Consumer Cyclical 17.51% Financial Services 17.5% Basic Materials 12.54% Health Care 12% Consumer Defensive 7.66% Real Estate 4.78% Technology 2.38% Utility 1.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 20 | NAVINFLUOR3% ₹131 Cr 260,056
↑ 36,630 Tega Industries Ltd (Industrials)
Equity, Since 31 Dec 21 | 5434132% ₹107 Cr 560,000
↓ -52,219 JK Cement Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JKCEMENT2% ₹107 Cr 160,054
↓ -11,838 Krishna Institute of Medical Sciences Ltd (Healthcare)
Equity, Since 31 Dec 23 | 5433082% ₹105 Cr 1,395,824 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Dec 24 | MCX2% ₹105 Cr 136,200
↓ -35,000 TD Power Systems Ltd (Industrials)
Equity, Since 30 Jun 23 | TDPOWERSYS2% ₹96 Cr 1,890,924
↓ -33,355 Fortis Healthcare Ltd (Healthcare)
Equity, Since 28 Feb 21 | 5328432% ₹95 Cr 1,109,322 PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Aug 24 | PNBHOUSING2% ₹94 Cr 956,130
↑ 50,000 Ramco Cements Ltd (Basic Materials)
Equity, Since 28 Feb 25 | RAMCOCEM2% ₹91 Cr 770,321 Hitachi Energy India Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 20 | POWERINDIA2% ₹90 Cr 44,560
↓ -5,407
Thus, in a nutshell, it can be said that both the schemes differ on account of various parameters. As a consequence, individuals should be careful while investing in any of the schemes. They should understand the modalities of the scheme completely before investing. They should also check whether the scheme is in-line with their investment objective. This will help them to attain their objectives on time and in a hassle-free manner.
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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