+91-22-48913909Nippon India Small Cap Fund Vs SBI Small Cap Fund
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 Nippon India Small Cap Fund is rated as 4-Star and SBI Small Cap Fund is rated as 5-Star. In case of Net Asset Value, Nippon India 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 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 Nippon India Small Cap Fund
Growth
Fund Details ₹149.9 ↑ 3.14 (2.14 %) ₹67,642 on 28 Feb 26 16 Sep 10 ☆☆☆☆ Equity Small Cap 6 Moderately High 1.44 0.76 -0.1 2.58 Not Available 0-1 Years (1%),1 Years and above(NIL) SBI Small Cap Fund
Growth
Fund Details ₹149.467 ↑ 2.51 (1.71 %) ₹34,932 on 28 Feb 26 9 Sep 09 ☆☆☆☆☆ Equity Small Cap 4 Moderately High 1.58 0.34 0 0 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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch Nippon India Small Cap Fund
Growth
Fund Details -7.7% -9.8% -11.9% -2.4% 18.6% 20.8% 19.1% SBI Small Cap Fund
Growth
Fund Details -7.7% -11.2% -13.9% -6.1% 11.6% 13.7% 17.8%
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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, Nippon India 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 Performance 2024 2023 2022 2021 2020 Nippon India Small Cap Fund
Growth
Fund Details -4.7% 26.1% 48.9% 6.5% 74.3% SBI Small Cap Fund
Growth
Fund Details -4.9% 24.1% 25.3% 8.1% 47.6%
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 Nippon India 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 Nippon India 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 Details Min SIP Investment Min Investment Fund Manager Nippon India Small Cap Fund
Growth
Fund Details ₹100 ₹5,000 Samir Rachh - 9.16 Yr. SBI Small Cap Fund
Growth
Fund Details ₹500 ₹5,000 R. Srinivasan - 12.29 Yr.
Growth of 10k Investments over the years
Nippon India Small Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹14,089 28 Feb 23 ₹15,925 29 Feb 24 ₹25,045 28 Feb 25 ₹24,507 28 Feb 26 ₹28,493 SBI Small Cap Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 28 Feb 21 ₹10,000 28 Feb 22 ₹12,674 28 Feb 23 ₹14,023 29 Feb 24 ₹19,201 28 Feb 25 ₹18,725 28 Feb 26 ₹20,511
Detailed Portfolio Comparison
Nippon India Small Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 4.09% Equity 95.91% Equity Sector Allocation
Sector Value Industrials 22.16% Financial Services 16.26% Consumer Cyclical 14.31% Basic Materials 11.01% Consumer Defensive 10.23% Health Care 9.43% Technology 6.37% Utility 3.2% Communication Services 1.06% Energy 0.99% Real Estate 0.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 28 Feb 21 | MCX3% ₹1,955 Cr 8,000,000
↓ -778,789 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK2% ₹1,358 Cr 15,300,000 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KARURVYSYA2% ₹1,041 Cr 31,907,252
↓ -4,006,259 Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS1% ₹983 Cr 879,502 State Bank of India (Financial Services)
Equity, Since 31 Oct 19 | SBIN1% ₹961 Cr 8,000,000
↓ -2,347,848 TD Power Systems Ltd (Industrials)
Equity, Since 31 Dec 15 | TDPOWERSYS1% ₹881 Cr 9,753,276
↓ -424,968 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 24 | AXISBANK1% ₹827 Cr 5,977,976 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 30 Sep 22 | BHEL1% ₹782 Cr 29,507,422 Emami Ltd (Consumer Defensive)
Equity, Since 31 Jul 23 | EMAMILTD1% ₹766 Cr 16,560,721
↑ 612,419 Kirloskar Brothers Ltd (Industrials)
Equity, Since 31 Oct 12 | KIRLOSBROS1% ₹716 Cr 4,525,148
↑ 53,018 SBI Small Cap Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 9.47% Equity 89.64% Debt 0.88% Equity Sector Allocation
Sector Value Consumer Cyclical 24.5% Industrials 23.21% Financial Services 13.97% Basic Materials 13.24% Consumer Defensive 3.46% Technology 3.41% Health Care 2.63% Real Estate 0.88% Communication Services 0.71% Top Securities Holdings / Portfolio
Name Holding Value Quantity Ather Energy Ltd (Consumer Cyclical)
Equity, Since 30 Apr 25 | ATHERENERG4% ₹1,429 Cr 20,096,960 Nifty Index 30-03-2026
Derivatives, Since 28 Feb 26 | -4% ₹1,267 Cr 500,175
↑ 500,175 City Union Bank Ltd (Financial Services)
Equity, Since 30 Jun 20 | CUB3% ₹1,122 Cr 39,623,392
↓ -1,794,671 ZF Commercial Vehicle Control Systems India Ltd (Consumer Cyclical)
Equity, Since 31 Mar 21 | ZFCVINDIA3% ₹1,061 Cr 700,000 Kalpataru Projects International Ltd (Industrials)
Equity, Since 31 May 20 | KPIL3% ₹980 Cr 7,900,000 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Mar 20 | NAVINFLUOR3% ₹938 Cr 1,500,000 Krishna Institute of Medical Sciences Ltd (Healthcare)
Equity, Since 30 Jun 23 | 5433083% ₹918 Cr 12,323,990 SBFC Finance Ltd (Financial Services)
Equity, Since 31 Aug 23 | SBFC2% ₹831 Cr 89,318,180 Belrise Industries Ltd (Consumer Cyclical)
Equity, Since 31 Dec 25 | BELRISE2% ₹817 Cr 43,542,092 E I D Parry India Ltd (Basic Materials)
Equity, Since 31 Jan 24 | EIDPARRY2% ₹807 Cr 9,324,049
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.
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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