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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 June 22, 2022 , 5034 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
₹76.5735 ↑ 1.28   (1.71 %)
₹18,675 on 31 May 22
16 Sep 10
Equity
Small Cap
6
Moderately High
1.98
0.91
1.34
9.67
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Small Cap Fund
Growth
Fund Details
₹63.671 ↑ 0.88   (1.40 %)
₹12,131 on 31 May 22
3 Apr 08
Equity
Small Cap
9
Moderately High
1.92
0.45
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
-1.9%
-8.7%
-8.8%
8.8%
25.4%
15.5%
18.9%
HDFC Small Cap Fund
Growth
Fund Details
-4.6%
-10.7%
-14.2%
-0.4%
15.1%
11.6%
13.9%

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 Performance2021
2020
2019
2018
2017
Nippon India Small Cap Fund
Growth
Fund Details
74.3%
29.2%
-2.5%
-16.7%
63%
HDFC Small Cap Fund
Growth
Fund Details
64.9%
20.2%
-9.5%
-8.1%
60.8%

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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 - 5.41 Yr.
HDFC Small Cap Fund
Growth
Fund Details
₹300
₹5,000
Chirag Setalvad - 7.93 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 May 17₹10,000
31 May 18₹12,023
31 May 19₹11,240
31 May 20₹8,379
31 May 21₹18,461
31 May 22₹22,068
Growth of 10,000 investment over the years.
HDFC Small Cap Fund
Growth
Fund Details
DateValue
31 May 17₹10,000
31 May 18₹12,806
31 May 19₹12,247
31 May 20₹7,764
31 May 21₹16,888
31 May 22₹18,691

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
HDFC Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash6.2%
Equity93.8%
Equity Sector Allocation
SectorValue
Consumer Cyclical21.29%
Industrials20.79%
Technology15.17%
Basic Materials13.57%
Financial Services9.13%
Health Care6.09%
Consumer Defensive4.62%
Communication Services3.14%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | BAJAJELEC
5%₹616 Cr5,615,001
↑ 14,200
Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 18 | FSL
5%₹599 Cr47,900,000
Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | SONATSOFTW
5%₹595 Cr7,907,346
↑ 133,243
Chambal Fertilisers & Chemicals Ltd (Basic Materials)
Equity, Since 28 Feb 18 | CHAMBLFERT
4%₹569 Cr12,443,364
↓ -334,233
eClerx Services Ltd (Technology)
Equity, Since 31 Mar 18 | ECLERX
3%₹439 Cr1,823,362
↑ 15,250
Vardhman Textiles Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | VTL
3%₹402 Cr9,211,551
↓ -196,279
Sharda Cropchem Ltd (Basic Materials)
Equity, Since 31 Mar 18 | SHARDACROP
3%₹352 Cr5,656,000
Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 31 Mar 20 | RADICO
2%₹321 Cr3,566,526
↑ 9,526
Bank of Baroda (Financial Services)
Equity, Since 31 Mar 19 | BANKBARODA
2%₹316 Cr28,000,000
↑ 950,000
Aster DM Healthcare Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Jun 19 | ASTERDM
2%₹314 Cr16,337,276
↑ 87,276

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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