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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 January 24, 2022 , 4861 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
₹85.4721 ↑ 0.91   (1.07 %)
₹18,832 on 31 Dec 21
16 Sep 10
Equity
Small Cap
6
Moderately High
1.98
3.79
1.11
14.72
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Small Cap Fund
Growth
Fund Details
₹74.695 ↑ 1.11   (1.50 %)
₹13,649 on 31 Dec 21
3 Apr 08
Equity
Small Cap
9
Moderately High
1.92
2.97
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
1.8%
7.2%
11.8%
69.2%
31%
22.1%
20.8%
HDFC Small Cap Fund
Growth
Fund Details
0.6%
3.1%
6.8%
58.5%
21.9%
19.7%
15.7%

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 Yr.
HDFC Small Cap Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 7.52 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 16₹10,000
31 Dec 17₹16,297
31 Dec 18₹13,577
31 Dec 19₹13,235
31 Dec 20₹17,105
31 Dec 21₹29,820
Growth of 10,000 investment over the years.
HDFC Small Cap Fund
Growth
Fund Details
DateValue
31 Dec 16₹10,000
31 Dec 17₹16,075
31 Dec 18₹14,777
31 Dec 19₹13,374
31 Dec 20₹16,071
31 Dec 21₹26,499

Detailed portfolio Comparison

Asset Allocation
Nippon India Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash2.13%
Equity97.87%
Equity Sector Allocation
SectorValue
Industrials21.89%
Basic Materials18.37%
Consumer Cyclical16.37%
Technology13.05%
Consumer Defensive10.68%
Financial Services9.12%
Health Care4.38%
Communication Services2.17%
Real Estate0.6%
Utility0.17%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Dec 16 | 506401
3%₹645 Cr2,590,740
KPIT Technologies Ltd (Technology)
Equity, Since 30 Jun 19 | 542651
3%₹593 Cr9,676,281
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | 540762
3%₹578 Cr3,296,395
NIIT Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | 500304
2%₹441 Cr9,774,961
↑ 500,000
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 11 | 532504
2%₹424 Cr1,011,721
Birla Corp Ltd (Basic Materials)
Equity, Since 31 May 18 | 500335
2%₹405 Cr2,850,086
Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 500031
2%₹393 Cr3,062,071
Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 31 Jan 15 | 532497
2%₹369 Cr2,988,644
↓ -181,975
Orient Electric Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 May 18 | 541301
2%₹365 Cr9,706,033
Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | 500038
2%₹357 Cr9,703,493
Asset Allocation
HDFC Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash5.14%
Equity94.86%
Equity Sector Allocation
SectorValue
Consumer Cyclical21.53%
Industrials20.47%
Technology19.75%
Basic Materials11.69%
Financial Services7.14%
Health Care5.7%
Consumer Defensive5.27%
Communication Services2.79%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 18 | 532809
6%₹884 Cr48,300,000
↑ 658,495
Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | 500031
5%₹719 Cr5,600,801
↓ -38,269
Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | 532221
5%₹666 Cr7,600,000
Chambal Fertilisers & Chemicals Ltd (Basic Materials)
Equity, Since 28 Feb 18 | 500085
4%₹513 Cr13,000,000
Persistent Systems Ltd (Technology)
Equity, Since 31 Oct 19 | PERSISTENT
4%₹486 Cr990,000
↓ -94,000
eClerx Services Ltd (Technology)
Equity, Since 31 Mar 18 | 532927
3%₹464 Cr1,774,887
Vardhman Textiles Ltd (Consumer Cyclical)
Equity, Since 30 Nov 16 | 502986
3%₹436 Cr1,881,566
Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 31 Mar 20 | 532497
3%₹414 Cr3,348,406
Gujarat Fluorochemicals Ltd Ordinary Shares (Basic Materials)
Equity, Since 31 Oct 19 | 542812
2%₹320 Cr1,326,575
↓ -33,039
PNC Infratech Ltd (Industrials)
Equity, Since 31 Oct 15 | PNCINFRA
2%₹310 Cr11,772,819

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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