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Fincash » Nippon India Small Cap Fund Vs SBI Small Cap Fund

Nippon India Small Cap Fund Vs SBI Small Cap Fund

Updated on June 14, 2021 , 5412 views

Nippon India Mutual Fund (Formerly known as Reliance Small Cap Fund) and SBI Small Cap Fund both belong to the small-cap category of Mutual Funds. Small cap funds form the bottom of the pyramid when Equity Funds are classified on the Basis of market capitalization. These schemes invest their corpus in shares of companies having a market capitalization of less than INR 500 crores. Small cap stocks are defined as stocks whose market capitalization is below top 250 companies in terms of full market capitalization.

Small cap companies are generally in the nascent stages and have good potential to grow. Though small-cap funds have a higher level of risk yet; they earn high returns. Also, these schemes help individuals to diversify their portfolio. Though both Nippon India/Reliance Small Cap Fund and SBI Small Cap Fund belong to the same category, nevertheless; there still exists a difference between them. So, let us understand the differences between both the schemes based on numerous parameters.

Nippon India Small Cap Fund

Nippon India Mutual Fund (Reliance Small Cap Fund) was launched in the year 2010 with an aim to generate long-term Capital appreciation by Investing predominantly in equity and related instruments of small cap companies. The fund also invests a portion of the portfolio in debt and money market securities in order to generate consistent returns. Nippon India Small Cap Fund is currently managed by Samir Rachh and Dhrumil Shah. Some of the top holdings of the scheme as on 30th June 2018 are Zydus Wellness Ltd, VIP Industries Ltd, Cyient Ltd, etc.

SBI Small Cap Fund (Erstwhile SBI Small & Midcap Fund)

SBI Small Cap Fund (earlier known as SBI Small & Midcap Fund) was launched in the year 2013. The fund seeks to provide investors with a long-term capital growth along with the liquidity of an open-ended scheme by investing in a well-diversified basket of equity stocks of small cap companies. As an investment strategy, the SBI Small Cap Fund follows a blend of growth and value style of investing. The current fund manager of the scheme is R Srinivasan. Some of the top holdings of the scheme as on 31/05/2018 are CCIL-Clearing Corporation of India Ltd (CBLO), Westlife Development LTD, Kirloskar Oil Engines Ltd, Hawkins Cookers Ltd, etc.

Nippon India/Reliance Small Cap Fund Vs SBI Small Cap Fund

Though these schemes belong to the same category, yet these schemes differ on various parameters. So, let us understand the parameters which are divided into four sections, namely, Basics Section, Performance Report, Yearly Performance Report, and Other Details Section.

Basics Section

This section compares the various elements such as Current NAV, Scheme Category, and Fincash Rating. To begin with the scheme category, it can be said that both the schemes Nippon India Small Cap Fund and SBI Small Cap Fund belong to the same category Equity Mutual Fund. With respect to the next parameter, that is, Fincash Rating, it can be said that Reliance Small Cap Fund is rated as 4-Star and SBI Small Cap Fund is rated as 5-Star. In case of Net Asset Value, Reliance Small Cap Fund's NAV as on 16th July 2018 is INR 40.1166, whereas the NAV of SBI Small Cap Fund is INR 50.6851. The table given below summarizes the details of basics section.

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
Nippon India Small Cap Fund
Growth
Fund Details
₹70.548 ↓ -0.54   (-0.76 %)
₹13,085 on 30 Apr 21
16 Sep 10
Equity
Small Cap
6
Moderately High
2.08
3.45
1.09
1.17
Not Available
0-1 Years (1%),1 Years and above(NIL)
SBI Small Cap Fund
Growth
Fund Details
₹90.1944 ↓ -0.43   (-0.47 %)
₹7,919 on 30 Apr 21
9 Sep 09
Equity
Small Cap
4
Moderately High
2.29
3.06
0.71
-6.65
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

The performance section compares the Compounded Annual Growth Rate or CAGR returns between both the schemes at different time periods. With respect to performance, it can be said there is not much difference in the performance of both the schemes. However, in many instances, SBI Small Cap Fund leads the race. The performance of both the schemes at different time periods is shown below as follows.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Nippon India Small Cap Fund
Growth
Fund Details
11.2%
17.2%
43.3%
115.3%
17.6%
21.6%
19.9%
SBI Small Cap Fund
Growth
Fund Details
7.3%
11.6%
27.8%
93.2%
18.8%
22.3%
20.6%

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Yearly Performance Section

This section deals with the absolute returns generated by both the funds in each year. In this case, we can see that there is a difference in the performance of both the schemes. In certain situations, Reliance Small Cap Fund has performed better than SBI Small Cap Fund. While in some situations, the other scheme has performed better. The yearly performance of both the funds is tabulated as follows.

Parameters
Yearly Performance2020
2019
2018
2017
2016
Nippon India Small Cap Fund
Growth
Fund Details
29.2%
-2.5%
-16.7%
63%
5.6%
SBI Small Cap Fund
Growth
Fund Details
33.6%
6.1%
-19.6%
78.7%
1.3%

Other Details Section

This is the last section in the comparison of both the funds. In this section, the parameters such as AUM, Minimum SIP and Lumpsum Investment, and Exit Load are compared. To begin with the minimum SIP investment, both the schemes have different monthly SIP amounts. In case of Reliance Small Cap Fund it is INR 100 while in case of SBI Small Cap Fund it is INR 500. But, in case of Minimum Lumpsum Investment, the amount is same for both the funds, i.e., INR 5,000. The AUM of both the schemes are also different. As on 31st May, 2018, the AUM of Reliance Small Cap Fund was INR 6,944 crores, while of SBI Small Cap Fund it was INR 809 crores. The table given below summarizes the other details for both the schemes.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Nippon India Small Cap Fund
Growth
Fund Details
₹100
₹5,000
Samir Rachh - 4.33 Yr.
SBI Small Cap Fund
Growth
Fund Details
₹500
₹5,000
R. Srinivasan - 7.46 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Nippon India Small Cap Fund
Growth
Fund Details
DateValue
31 May 16₹10,000
31 May 17₹14,095
31 May 18₹16,946
31 May 19₹15,842
31 May 20₹11,809
31 May 21₹26,020
Growth of 10,000 investment over the years.
SBI Small Cap Fund
Growth
Fund Details
DateValue
31 May 16₹10,000
31 May 17₹13,053
31 May 18₹17,100
31 May 19₹16,169
31 May 20₹13,536
31 May 21₹27,235

Detailed Portfolio Comparison

Asset Allocation
Nippon India Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash1.86%
Equity98.14%
Equity Sector Allocation
SectorValue
Industrials22.73%
Basic Materials21.08%
Consumer Cyclical11.57%
Consumer Defensive11.43%
Technology9.71%
Financial Services7.98%
Health Care5.49%
Communication Services4.98%
Utility2.98%
Real Estate0.15%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Dec 16 | 506401
5%₹618 Cr3,310,268
↓ -538,000
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | 540762
3%₹410 Cr3,321,395
↓ -59,545
Bajaj Electricals Ltd (Utilities)
Equity, Since 31 Mar 16 | 500031
3%₹390 Cr3,390,926
↓ -75,811
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 11 | 532504
3%₹381 Cr1,111,721
↓ -50,000
Orient Electric Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 May 18 | 541301
2%₹289 Cr10,706,033
Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | 500038
2%₹277 Cr9,917,135
↑ 1,080,500
Birla Corp Ltd (Basic Materials)
Equity, Since 31 May 18 | 500335
2%₹262 Cr2,855,300
Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Nov 18 | 540699
2%₹262 Cr623,042
Affle India Ltd (Communication Services)
Equity, Since 31 Jul 19 | 542752
2%₹259 Cr468,383
↓ -15,006
Tata Consumer Products Ltd (Consumer Defensive)
Equity, Since 31 May 19 | 500800
2%₹241 Cr3,600,000
Asset Allocation
SBI Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash5.44%
Equity93.85%
Debt0.21%
Other0.51%
Equity Sector Allocation
SectorValue
Industrials36.8%
Basic Materials20.04%
Consumer Cyclical19.81%
Financial Services5.75%
Consumer Defensive5.19%
Health Care3.81%
Communication Services2.45%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Elgi Equipments Ltd (Industrials)
Equity, Since 31 Dec 13 | 522074
5%₹413 Cr19,380,992
↓ -721,818
JK Cement Ltd (Basic Materials)
Equity, Since 31 Oct 18 | JKCEMENT
5%₹393 Cr1,400,000
Carborundum Universal Ltd (Industrials)
Equity, Since 31 May 19 | 513375
4%₹290 Cr5,300,000
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | 540203
3%₹271 Cr1,330,000
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Mar 20 | 532504
3%₹271 Cr790,000
Rossari Biotech Ltd Ordinary Shares (Basic Materials)
Equity, Since 31 Jul 20 | 543213
3%₹248 Cr2,016,798
↑ 502,008
Blue Star Ltd Shs Dematerialised (Industrials)
Equity, Since 30 Jun 18 | BLUESTARCO
3%₹245 Cr2,900,000
Hatsun Agro Product Ltd (Consumer Defensive)
Equity, Since 31 Jul 17 | 531531
3%₹227 Cr2,846,666
Fine Organic Industries Ltd Ordinary Shares (Basic Materials)
Equity, Since 31 Mar 19 | 541557
3%₹226 Cr790,000
↑ 379,368
V-Guard Industries Ltd (Industrials)
Equity, Since 31 Aug 20 | 532953
3%₹223 Cr10,000,000
↓ -1,000,000

Therefore, from the above pointers, it can be said that both the schemes exhibit different attributes with respect to different parameters. However, when it comes to investing, it is always advisable that people should go through the scheme’s modalities completely before doing the actual investment. Additionally, they should also check whether the scheme’s approach is in-line with your investment objective. To get further clarification, you can even consult a financial advisor. This will help you ensure that your investment is safe as well as it paves way for wealth creation.

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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