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Fincash » Nippon India Small Cap Vs HDFC Small Cap Fund

Nippon India Small Cap Fund Vs HDFC Small Cap Fund: A Comparative Study

Updated on April 11, 2024 , 7405 views

Nippon India Small Cap Fund (Formerly know as Reliance Small Cap Fund) and HDFC Small Cap Fund both of them belong to the small cap category offered by different fund houses. Though both the schemes belong to the same category of Small cap funds under equity category yet, there are differences between both of them. So, let us understand the differences between both the schemes through this article.

Nippon India/Reliance Small Cap Fund

This scheme of Nippon India was launched on April 03, 2008. The scheme’s main objective is to attain long-term Capital appreciation by Investing in equity and equity-related instruments of small-cap companies.

The top 10 holdings of Nippon India Small Cap Fund (as on January 31, 2018) include VIP Industries Limited, RBL Bank Limited, Navin Fluorine International Limited, Zydus Wellness Limited, etc.

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.

HDFC Small Cap Fund

HDFC Small Cap Fund is a part of HDFC Mutual Fund and was incepted on April 03, 2008. The primary aim of the scheme is to achieve capital growth in the long-term by investing a major portion of its corpus in shares of small cap companies.

As on January 31, 2018, the top 10 holdings of HDFC Small Cap Fund’s Portfolio include Sonata Software Limited, TV Today Network Limited, KEC International Limited, Oriental Carbon & Chemicals Limited, etc.

Detailed Comparison of Nippon India/Reliance Small Cap Vs HDFC Small Cap

Basic Parameters

In this section, the parameters compared are current NAV, Fincash Rating, AUM, their category, expense ratio, exit load and so on. To begin with, the category of these schemes, they both belong to equity category. With respect to the current NAV, both the schemes have different NAV though the difference is not much.

Fincash Ratings for both the Nippon India/Reliance Small Cap Fund and HDFC Small Cap Fund are 4-Star

To summarize, the basic parameters are compared below 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
₹147.265 ↓ -0.67   (-0.45 %)
₹46,044 on 29 Feb 24
16 Sep 10
Equity
Small Cap
6
Moderately High
1.82
3.56
0.92
3.47
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Small Cap Fund
Growth
Fund Details
₹123.298 ↓ -0.64   (-0.52 %)
₹28,599 on 29 Feb 24
3 Apr 08
Equity
Small Cap
9
Moderately High
1.82
3.26
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance

After looking at the basic parameters let us now look at the performance aspects of both the funds. With respect to performance aspects, there is not much difference in the areas of 1 Month Returns, 3 Month Returns, 6 Month Returns, and 1 Year returns. However, with respect to 3 Year Returns, 5 Year Returns, and Returns Since Inception, there seems a good difference between both of them. In these parameters, the returns of Reliance Small Cap Fund is higher as compared to HDFC Small Cap Fund. Therefore, though HDFC Small Cap Scheme was launched earlier than Reliance’s scheme yet; its performance is better. The table given below shows the performance of both the schemes.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Nippon India Small Cap Fund
Growth
Fund Details
6.3%
4.3%
18.5%
57.7%
36.1%
29.5%
21.9%
HDFC Small Cap Fund
Growth
Fund Details
6.1%
4.1%
15.7%
51.8%
32.6%
22.7%
17%

Yearly Performance

After looking at the 1Y, 3Y, 5Y Performance let us now look at the absolute yearly performance aspects of both the funds in last 5 years. over here Nippon India Small Cap Fund is generating marginally better returns every year in comparison to HDFC Small cap fund.

Parameters
Yearly Performance2023
2022
2021
2020
2019
Nippon India Small Cap Fund
Growth
Fund Details
48.9%
6.5%
74.3%
29.2%
-2.5%
HDFC Small Cap Fund
Growth
Fund Details
44.8%
4.6%
64.9%
20.2%
-9.5%

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Other Details

In this section of other details, some of the parameters compared are Minimum SIP and lumpsum investment. Though the lumpsum investment in case of both the schemes is same, that is, INR 5,000, nevertheless, in case of SIP, the minimum amount of Reliance is lower as compared to HDFC.

Nippon India/Reliance Small Cap Fund is managed by Mr. Samir Rachh

HDFC Small Cap Fund is managed by Mr. Chirag Setalvad

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Nippon India Small Cap Fund
Growth
Fund Details
₹100
₹5,000
Samir Rachh - 7.25 Yr.
HDFC Small Cap Fund
Growth
Fund Details
₹300
₹5,000
Chirag Setalvad - 9.77 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 Mar 19₹10,000
31 Mar 20₹6,750
31 Mar 21₹14,676
31 Mar 22₹21,150
31 Mar 23₹22,557
31 Mar 24₹35,036
Growth of 10,000 investment over the years.
HDFC Small Cap Fund
Growth
Fund Details
DateValue
31 Mar 19₹10,000
31 Mar 20₹5,823
31 Mar 21₹11,840
31 Mar 22₹15,907
31 Mar 23₹17,842
31 Mar 24₹26,357

Detailed portfolio Comparison

Asset Allocation
Nippon India Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.38%
Equity95.62%
Equity Sector Allocation
SectorValue
Industrials31.05%
Financial Services14.03%
Consumer Cyclical11.65%
Basic Materials10.44%
Technology8.9%
Health Care7.7%
Consumer Defensive7.31%
Communication Services1.71%
Energy1.07%
Utility0.86%
Real Estate0.33%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 30 Apr 18 | TIINDIA
2%₹1,020 Cr2,924,163
↓ -343,396
Voltamp Transformers Ltd (Industrials)
Equity, Since 30 Sep 16 | VOLTAMP
2%₹761 Cr864,398
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK
2%₹723 Cr5,150,000
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 28 Feb 21 | MCX
2%₹697 Cr1,851,010
Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS
1%₹675 Cr1,080,116
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Jun 19 | HAL
1%₹610 Cr1,977,076
↑ 500,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 19 | SBIN
1%₹606 Cr8,100,000
NIIT Learning Systems Ltd (Consumer Defensive)
Equity, Since 30 Jun 23 | 543952
1%₹593 Cr11,420,240
Karur Vysya Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | 590003
1%₹584 Cr31,784,062
Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 30 Sep 22 | 500103
1%₹569 Cr25,000,000
Asset Allocation
HDFC Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash10.56%
Equity89.44%
Equity Sector Allocation
SectorValue
Industrials23.47%
Consumer Cyclical17.36%
Technology13.47%
Financial Services12.77%
Health Care11.32%
Basic Materials4.79%
Consumer Defensive3.06%
Communication Services2.79%
Utility0.42%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | SONATSOFTW
5%₹1,511 Cr18,629,810
Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 18 | FSL
4%₹1,170 Cr56,870,459
↑ 3,518,155
Bank of Baroda (Financial Services)
Equity, Since 31 Mar 19 | 532134
4%₹1,137 Cr42,828,792
eClerx Services Ltd (Technology)
Equity, Since 31 Mar 18 | ECLERX
3%₹890 Cr3,528,878
↑ 33,999
Aster DM Healthcare Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Jun 19 | ASTERDM
3%₹832 Cr17,639,352
↑ 1,008,466
Great Eastern Shipping Co Ltd (Industrials)
Equity, Since 31 Jan 15 | GESHIP
2%₹644 Cr6,404,655
Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Dec 20 | 543243
2%₹604 Cr60,564,526
↑ 3,237,686
Power Mech Projects Ltd (Industrials)
Equity, Since 31 Aug 15 | POWERMECH
2%₹595 Cr1,162,932
↓ -35,000
Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | BAJAJELEC
2%₹586 Cr5,882,744
IDFC Ltd (Financial Services)
Equity, Since 31 Oct 21 | IDFC
2%₹565 Cr48,500,000
↓ -2,571,544

Thus, from the above comparisons, we can find that both the schemes are different in certain parameters while same in certain parameters. However, it is always advised to people that they understand the modalities of a scheme completely and check whether it matches their investment objectives before investing. In addition, they can even consult a financial advisor to ensure that the selected fund is in-line with their objectives and they attain it on time.

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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