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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 May 15, 2022 , 8899 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 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
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
₹79.6993 ↑ 2.06   (2.65 %)
₹19,214 on 31 Mar 22
16 Sep 10
Equity
Small Cap
6
Moderately High
1.98
2.19
1.33
10.48
Not Available
0-1 Years (1%),1 Years and above(NIL)
SBI Small Cap Fund
Growth
Fund Details
₹99.5845 ↑ 1.92   (1.96 %)
₹11,577 on 31 Mar 22
9 Sep 09
Equity
Small Cap
4
Moderately High
1.97
2.05
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
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Nippon India Small Cap Fund
Growth
Fund Details
-10.4%
-4.2%
-7.2%
23.6%
27.6%
16%
19.5%
SBI Small Cap Fund
Growth
Fund Details
-6.1%
-2.5%
-7%
17.6%
26.3%
17.9%
19.9%

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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 Performance2021
2020
2019
2018
2017
Nippon India Small Cap Fund
Growth
Fund Details
74.3%
29.2%
-2.5%
-16.7%
63%
SBI Small Cap Fund
Growth
Fund Details
47.6%
33.6%
6.1%
-19.6%
78.7%

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 DetailsMin SIP Investment
Min Investment
Fund Manager
Nippon India Small Cap Fund
Growth
Fund Details
₹100
₹5,000
Samir Rachh - 5.33 Yr.
SBI Small Cap Fund
Growth
Fund Details
₹500
₹5,000
R. Srinivasan - 8.46 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
30 Apr 17₹10,000
30 Apr 18₹12,600
30 Apr 19₹10,680
30 Apr 20₹8,399
30 Apr 21₹16,702
30 Apr 22₹23,281
Growth of 10,000 investment over the years.
SBI Small Cap Fund
Growth
Fund Details
DateValue
30 Apr 17₹10,000
30 Apr 18₹13,844
30 Apr 19₹11,965
30 Apr 20₹10,600
30 Apr 21₹19,201
30 Apr 22₹24,450

Detailed Portfolio Comparison

Asset Allocation
Nippon India Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash2.66%
Equity97.34%
Equity Sector Allocation
SectorValue
Industrials20.63%
Basic Materials17.23%
Consumer Cyclical15.73%
Financial Services12.81%
Consumer Defensive11.44%
Technology9.77%
Health Care4.85%
Communication Services3.13%
Real Estate0.57%
Utility0.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | TIINDIA
3%₹615 Cr3,296,395
NIIT Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | NIITLTD
3%₹582 Cr10,139,961
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 19 | CREDITACC
2%₹450 Cr4,343,685
↑ 51,366
KPIT Technologies Ltd (Technology)
Equity, Since 30 Jun 19 | KPITTECH
2%₹443 Cr8,004,004
Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 28 Feb 18 | POONAWALLA
2%₹432 Cr14,087,931
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Dec 16 | DEEPAKNTR
2%₹418 Cr1,797,743
↓ -284,449
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 11 | NAVINFLUOR
2%₹388 Cr986,721
Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | BALRAMCHIN
2%₹385 Cr8,691,212
↓ -808,788
Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | BAJAJELEC
2%₹336 Cr3,062,071
Orient Electric Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 May 18 | ORIENTELEC
2%₹320 Cr9,706,033
Asset Allocation
SBI Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash9.06%
Equity90.8%
Debt0.14%
Equity Sector Allocation
SectorValue
Industrials37.05%
Consumer Cyclical25.44%
Basic Materials16.56%
Consumer Defensive5.69%
Health Care3.46%
Financial Services2.59%
Communication Services0.02%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | SFL
5%₹546 Cr1,570,000
Vedant Fashions Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 543463
4%₹440 Cr4,547,646
Blue Star Ltd (Industrials)
Equity, Since 30 Jun 18 | BLUESTARCO
4%₹421 Cr4,000,000
Carborundum Universal Ltd (Industrials)
Equity, Since 31 May 19 | CARBORUNIV
3%₹394 Cr4,939,842
Elgi Equipments Ltd (Industrials)
Equity, Since 31 Dec 13 | 522074
3%₹387 Cr13,833,663
Narayana Hrudayalaya Ltd (Healthcare)
Equity, Since 31 Dec 19 | NH
3%₹328 Cr4,400,000
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Mar 20 | NAVINFLUOR
3%₹322 Cr790,000
Lemon Tree Hotels Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | LEMONTREE
3%₹317 Cr50,000,000
Fine Organic Industries Ltd Ordinary Shares (Basic Materials)
Equity, Since 31 Mar 19 | FINEORG
3%₹316 Cr790,000
Triveni Turbine Ltd (Industrials)
Equity, Since 31 Jan 19 | 533655
3%₹312 Cr15,435,443

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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