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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 July 25, 2021 , 4603 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
₹76.5618 ↓ -0.16   (-0.21 %)
₹15,353 on 30 Jun 21
16 Sep 10
Equity
Small Cap
6
Moderately High
2.08
4.38
1.01
0.75
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Small Cap Fund
Growth
Fund Details
₹70.303 ↓ -0.16   (-0.23 %)
₹12,460 on 30 Jun 21
3 Apr 08
Equity
Small Cap
9
Moderately High
1.95
4.13
0.35
-6.13
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
8.2%
25.1%
52.3%
113.5%
22.2%
22.1%
20.6%
HDFC Small Cap Fund
Growth
Fund Details
9.4%
29.1%
50.2%
112.2%
16.4%
19.2%
15.8%

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 Performance2020
2019
2018
2017
2016
Nippon India Small Cap Fund
Growth
Fund Details
29.2%
-2.5%
-16.7%
63%
5.6%
HDFC Small Cap Fund
Growth
Fund Details
20.2%
-9.5%
-8.1%
60.8%
5.4%

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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 - 4.5 Yr.
HDFC Small Cap Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 7.01 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 Jun 16₹10,000
30 Jun 17₹13,479
30 Jun 18₹15,029
30 Jun 19₹14,409
30 Jun 20₹12,545
30 Jun 21₹26,159
Growth of 10,000 investment over the years.
HDFC Small Cap Fund
Growth
Fund Details
DateValue
30 Jun 16₹10,000
30 Jun 17₹13,099
30 Jun 18₹15,460
30 Jun 19₹15,135
30 Jun 20₹11,420
30 Jun 21₹23,597

Detailed portfolio Comparison

Asset Allocation
Nippon India Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash2.07%
Equity97.93%
Equity Sector Allocation
SectorValue
Industrials23.9%
Basic Materials20.72%
Consumer Cyclical12.06%
Consumer Defensive11.89%
Technology10.21%
Financial Services7.79%
Health Care5.06%
Communication Services3.79%
Utility2.23%
Real Estate0.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Dec 16 | 506401
4%₹578 Cr3,193,921
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 11 | 532504
3%₹417 Cr1,111,721
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | 540762
3%₹385 Cr3,296,395
Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | 500038
2%₹353 Cr9,917,135
Birla Corp Ltd (Basic Materials)
Equity, Since 31 May 18 | 500335
2%₹346 Cr2,850,086
Bajaj Electricals Ltd (Utilities)
Equity, Since 31 Mar 16 | 500031
2%₹343 Cr3,339,223
↓ -51,703
Orient Electric Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 May 18 | 541301
2%₹336 Cr10,706,033
Radico Khaitan Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Jan 15 | 532497
2%₹288 Cr3,793,800
Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Nov 18 | 540699
2%₹275 Cr623,042
NIIT Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | 500304
2%₹275 Cr9,572,735
↑ 528,621
Asset Allocation
HDFC Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.77%
Equity95.23%
Equity Sector Allocation
SectorValue
Industrials21.53%
Technology21.25%
Consumer Cyclical13.92%
Basic Materials12.38%
Financial Services7.19%
Health Care6.37%
Consumer Defensive5.06%
Utility5.05%
Communication Services2.47%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 18 | 532809
8%₹935 Cr50,000,000
↓ -1,761,038
Bajaj Electricals Ltd (Utilities)
Equity, Since 31 Mar 19 | 500031
5%₹629 Cr6,126,770
Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | 532221
5%₹607 Cr8,129,000
↓ -148,500
Persistent Systems Ltd (Technology)
Equity, Since 31 Oct 19 | PERSISTENT
5%₹570 Cr1,941,126
↓ -58,874
Chambal Fertilisers & Chemicals Ltd Shs Dematerialised (Basic Materials)
Equity, Since 28 Feb 18 | 500085
3%₹399 Cr13,000,000
eClerx Services Ltd (Technology)
Equity, Since 31 Mar 18 | 532927
3%₹354 Cr1,824,026
PNC Infratech Ltd (Industrials)
Equity, Since 31 Oct 15 | PNCINFRA
3%₹340 Cr11,793,818
Finolex Industries Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Oct 18 | FINPIPE
2%₹291 Cr15,831,521
↓ -125,100
KEC International Ltd (Industrials)
Equity, Since 30 Sep 18 | 532714
2%₹275 Cr6,080,124
KEI Industries Ltd (Industrials)
Equity, Since 30 Sep 17 | 517569
2%₹267 Cr3,850,003

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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