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Fincash » Nippon India Small Cap Vs ABSL Small Cap Fund

Nippon India Small Cap Fund Vs Aditya Birla Sun Life Small Cap Fund

Updated on January 18, 2021 , 1771 views

Nippon India Small Cap Fund (Formerly known as Reliance Small Cap Fund) and Aditya Birla Sun Life Small Cap Fund both belong to the small-cap category of Equity Funds. Small cap funds invest their corpus in shares of start-ups or small sized companies whose market capitalization is below INR 500 Crores. Small-cap shares are considered to be a good investment for long-term. These companies are generally start-ups who are in the nascent stage of development.

In addition, these companies are considered to have good growth potentials in the future. Though both Reliance/Nippon India Small Cap Fund Vs Birla Sun Life Small Cap Fund belong to the same category, yet; there are differences between both the schemes based on the current NAV, AUM, Minimum SIP investment, and other parameters. So, let us understand the differences between both the schemes.

Nippon India/Reliance Small Cap Fund

Nippon India Small Cap Fund is an open-ended small-cap scheme that was launched on September 16, 2010. This scheme is managed by and a part of Nippon India Mutual Fund. The objective of this scheme is to attain long-term Capital growth generated from a portfolio of equity and equity-related securities predominantly belonging to the small-cap category. It also invests a certain portion of the fund money in fixed Income instruments to generate consistent returns. The fund managers of Nippon India Small Cap Fund are Mr. Samir Rachh and Mr. Dhrumil Shah. As on March 31, 2018, some of the top holdings of Reliance/Nippon India Small Cap Fund included Navin Fluorine International Limited, Cyient Limited, RBL Bank Limited, VIP Industries Limited, and Tejas Networks Limited.

Important Information

From October 2019, Reliance Mutual Fund has been renamed as Nippon India Mutual Fund. Nippon Life has acquired majority (75%) stakes in Reliance Nippon Asset Management (RNAM). The company will continue to run its operations without any change in structure and management.

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 & mid cap fund) is an open-ended small-cap scheme. The scheme was launched on May 30, 2007. The scheme’s objective is to attain growth and capital appreciation by Investing in equity and equity-related instruments mainly belonging to the small category. ABSL Small Cap Fund is managed by Mr. Jayesh Gandhi. As on March 31, 2018, some of the top holdings of this Birla Sun Life Mutual Fund’s scheme included CG Power & Industrial Solutions Limited, Gujrat State Petronet Limited, PNC Infratech Limited, and Tata Metaliks Limited. Aditya Birla Sun Life Small Cap Fund invests a minimum of 70% of its assets in small and companies.

Nippon India Small Cap Fund Vs Aditya Birla Sun Life Small Cap Fund

Though both Nippon India/Reliance Small Cap Fund and Birla Sun Life Small Cap Fund belong to the same category yet there exist differences between both the schemes on account of AUM, performance, and other parameters. So, let’s understand the differences between both the schemes that are divided into four sections, namely, basics section, performance section, yearly performance section, and other details section.

Basics Section

Current NAV, scheme category, and Fincash Rating are some of the elements that form part of the basics section. Current NAV comparison shows that there is a little difference between the NAVs of both the schemes. As on April 20, 2018, the NAV of Reliance Small Cap Fund was approximately INR 46 while of ABSL Small Cap Fund was approximately INR 42. The next comparable Factor is, Fincash Rating, which reveals that Nippon India Small Cap Fund is rated as 4-Star and Birla Sun Life Small Cap Fund is rated as 5-Star. The next parameter is scheme category, which reveals that both the schemes belong to the same category, that is, Small-Cap. The summary of the comparable elements forming part of 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
Nippon India Small Cap Fund
Growth
Fund Details
₹51.8997 ↑ 0.25   (0.48 %)
₹10,916 on 31 Dec 20
16 Sep 10
Equity
Small Cap
6
Moderately High
2.08
0.73
1.18
2.73
Not Available
0-1 Years (1%),1 Years and above(NIL)
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
₹37.9637 ↑ 0.24   (0.65 %)
₹2,431 on 31 Dec 20
31 May 07
Equity
Small Cap
1
Moderately High
2.28
0.55
0.07
-2.05
Not Available
0-365 Days (1%),365 Days and above(NIL)

Performance Section

Performance Section analyses the differences in the Compounded Annual Growth Rate or CAGR returns of both the schemes which are compared at different intervals. These intervals include 1 Month Return, 6 Month Return, 3 Year Return and Returns Since Inception. The overall comparison of the performance section shows that Reliance Small Cap Fund has performed better in almost all the instances as compared to ABSL Small Cap Fund. 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
Nippon India Small Cap Fund
Growth
Fund Details
5.5%
25.8%
44.7%
25.1%
2.4%
16.6%
17.3%
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
5.1%
24.3%
47.9%
15.5%
-5.4%
10.6%
10.2%

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Yearly Performance Section

Absolute Returns generated by both the schemes for a particular year is compared in the yearly performance section. It is the third section in comparison of both the schemes. With respect to the comparison of absolute returns between both the schemes, it can be said that Reliance Small Cap Fund leads the race. The table given below shows the comparison summary of the yearly performance section.

Parameters
Yearly Performance2020
2019
2018
2017
2016
Nippon India Small Cap Fund
Growth
Fund Details
29.2%
-2.5%
-16.7%
63%
5.6%
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
19.8%
-11.5%
-22.6%
56.7%
9.7%

Other Details Section

AUM, Minimum SIP and lumpsum amount, and exit load are the comparable elements of other details section. It is the last section in the comparison of both the schemes. To begin with the minimum SIP investment, it can be said that there is a difference between the SIP amount of both the schemes. For Reliance Mutual Fund’s scheme, the SIP amount is INR 100 and for ABSL Mutual Fund’s scheme, it is INR 1,000. Similarly, the lumpsum amount for both the schemes is also different. For Reliance Small Cap Fund, the minimum lumpsum amount is INR 5,000 and for ABSL Small Cap Fund it is INR 1,000. There is also a drastic difference between the AUM of both the schemes. As on March 31, 2018, the AUM of Nippon India Small Cap Fund was approximately INR 6,545 Crores while of ABSL Small Cap Fund it was approximately INR 2,089 Crores. The summary comparison of other details section is tabulated as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Nippon India Small Cap Fund
Growth
Fund Details
₹100
₹5,000
Samir Rachh - 4 Yr.
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
₹1,000
₹1,000
Kunal Sangoi - 0.63 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 Dec 15₹10,000
31 Dec 16₹10,556
31 Dec 17₹17,204
31 Dec 18₹14,332
31 Dec 19₹13,972
31 Dec 20₹18,057
Growth of 10,000 investment over the years.
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
DateValue
31 Dec 15₹10,000
31 Dec 16₹10,966
31 Dec 17₹17,183
31 Dec 18₹13,292
31 Dec 19₹11,758
31 Dec 20₹14,085

Detailed Assets & Holdings Comparison

Asset Allocation
Nippon India Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash0.83%
Equity99.17%
Equity Sector Allocation
SectorValue
Basic Materials22.12%
Industrials21.68%
Consumer Defensive12.11%
Consumer Cyclical11.44%
Financial Services10.98%
Technology8.85%
Health Care5.37%
Communication Services4.25%
Utility2.18%
Real Estate0.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Dec 16 | 506401
5%₹493 Cr5,234,823
↓ -234,564
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 11 | 532504
3%₹317 Cr1,213,866
↓ -67,172
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | 540762
3%₹313 Cr3,907,764
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 19 | 541770
2%₹272 Cr3,592,311
Affle India Ltd (Communication Services)
Equity, Since 31 Jul 19 | 542752
2%₹265 Cr700,000
↓ -158,022
Orient Electric Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 May 18 | 541301
2%₹245 Cr10,900,000
↓ -146,249
Bajaj Electricals Ltd (Utilities)
Equity, Since 31 Mar 16 | 500031
2%₹238 Cr3,891,951
Tata Consumer Products Ltd (Consumer Defensive)
Equity, Since 31 May 19 | 500800
2%₹236 Cr4,000,000
Indian Energy Exchange Ltd (Financial Services)
Equity, Since 29 Feb 20 | 540750
2%₹221 Cr9,690,221
Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Nov 18 | 540699
2%₹218 Cr162,000
↓ -51,561
Asset Allocation
Aditya Birla Sun Life Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash0.85%
Equity99.15%
Equity Sector Allocation
SectorValue
Basic Materials21.1%
Financial Services15.49%
Industrials14.81%
Consumer Cyclical12.44%
Consumer Defensive10.32%
Health Care9.41%
Technology9%
Communication Services4.43%
Real Estate1.08%
Utility1.08%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 30 Jun 17 | 506401
4%₹87 Cr928,959
↓ -66,177
JK Cement Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JKCEMENT
3%₹77 Cr400,000
Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Dec 18 | 504973
3%₹64 Cr1,200,000
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 Mar 19 | MCX
3%₹62 Cr356,119
Strides Pharma Science Ltd (Healthcare)
Equity, Since 30 Jun 20 | STAR
2%₹60 Cr684,095
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
2%₹57 Cr1,564,266
↓ -193,587
Johnson Controls - Hitachi Air Conditioning India Ltd (Technology)
Equity, Since 31 Oct 17 | 523398
2%₹57 Cr212,929
Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 532497
2%₹56 Cr1,230,984
Cyient Ltd (Industrials)
Equity, Since 30 Jun 14 | CYIENT
2%₹56 Cr1,095,078
Just Dial Ltd (Communication Services)
Equity, Since 30 Nov 19 | 535648
2%₹55 Cr865,783

As a result, it can be concluded that both Nippon India Small Cap Fund and Aditya Birla Sun Life Small Cap Fund both differ on various parameters. Therefore, individuals should be careful before investing in any of the Mutual Fund schemes. They should understand the modalities of the scheme completely and check whether it is in-line with their investment objectives. This will help the individuals to attain their objectives on time within their given parameters.

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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