fincash logo SOLUTIONS
EXPLORE FUNDS
CALCULATORS
LOG IN
SIGN UP

Fincash » Nippon India Small Cap Vs L&T Emerging Businesses Fund

Nippon India/Reliance Small Cap Fund Vs L&T Emerging Businesses Fund

Updated on August 14, 2022 , 1931 views

Both Reliance small cap Fund and L&T Emerging Businesses Fund are small-cap category schemes offered by different fund houses. Though the category of both the schemes is same, yet they differ in terms of various factors such as performance, AUM, their current NAV and other related parameters. So, let us try to understand the differences between both the differences between Reliance Small Cap Fund and L&T Emerging Businesses Fund through this article.

About Nippon India/Reliance Small Cap Fund

Nippon India Small Cap Fund (Formerly known as Reliance Small Cap Fund) is offered by Nippon Mutual Fund and was incepted on September 16, 2010. The investment objective of the scheme is to attain long-term Capital growth by predominantly Investing the corpus in equity and equity-related instruments of small cap companies.

As on January 31, 2018, some of the stocks that constituted the top 10 holdings of Reliance Small Cap Fund’s portfolio include Navin Fluorine International Limited, Deepak Nitrite Limited, RBL Bank Limited, and ITD Cementation India 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.

About L&T Emerging Businesses Fund

L&T Emerging Businesses Fund is an open-ended equity scheme that aims for long-term capital appreciation. It tries to attain its objective by forming a diversified portfolio mainly consisting of equity and equity-related instruments of the small-cap category. This scheme was launched on May 13, 2014. This scheme uses S&P BSE Small Cap Index to construct its portfolio.

As on January 31, 2018, some of the top 10 holdings of L&T Emerging Businesses Fund constituted of HEG Limited, Supreme Industries Limited, NOCIL Limited, and Grindwell Norton Limited.

Nippon India Small Cap Fund Vs L&T Emerging Businesses Fund

The various comparison parameters between both these funds are classified into four sections. These sections are basics section, performance section, yearly performance section and other details section. So, let us understand how these funds are differentiated on the Basis of various parameters.

Basics Section

In this basics section, some of the comparable elements include Current NAV, Category, Fincash Ratings, AUM, expense ratio, and many more. To being with the category of both the schemes, they belong to the same category of Mid & Small-Cap Fund. With respect to Current NAV, it can be seen that the NAV of Nippon India/Reliance Small Cap Fund is higher as compared to L&T Emerging Businesses Fund.

As per Fincash Rating, we can see that L&T Emerging Businesses Fund has 5-Star Rating and Reliance Small Cap Fund has 4-Star Rating.

A summary of the parameters that are a part of the Basics Section is given below.

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
₹87.4233 ↑ 0.41   (0.47 %)
₹18,358 on 30 Jun 22
16 Sep 10
Equity
Small Cap
6
Moderately High
1.98
0.35
1.43
10.06
Not Available
0-1 Years (1%),1 Years and above(NIL)
L&T Emerging Businesses Fund
Growth
Fund Details
₹45.814 ↑ 0.32   (0.71 %)
₹7,336 on 30 Jun 22
12 May 14
Equity
Small Cap
2
High
1.95
0.39
0
0
Not Available
0-1 Years (1%),1 Years and above(NIL)

Performance Section

This section compares the performance of both the schemes at different time periods. On a hindsight, it can be said that there is not much difference in the performance of both the funds at different time periods. Though in case of Performance since Inception, L&T Emerging Businesses Fund leads Nippon India/Reliance Small Cap Fund yet; in many other time periods, the performance of Nippon India Small Cap Fund has been better. With respect to 5 Year Returns, there is no data shown in case of L&T Emerging Businesses Fund as the fund has launched in May 2014. The table given below summarizes the data of performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
Nippon India Small Cap Fund
Growth
Fund Details
8%
12.6%
4.6%
14.7%
35.5%
18.1%
20%
L&T Emerging Businesses Fund
Growth
Fund Details
8.4%
11.5%
2.6%
15.9%
28.9%
13.5%
20.2%

Ready to Invest?
Talk to our investment specialist
Disclaimer:
By submitting this form I authorize Fincash.com to call/SMS/email me about its products and I accept the terms of Privacy Policy and Terms & Conditions.

Yearly Performance

With respect to yearly performance, L&T Emerging Businesses Fund and Nippon India/Reliance Small Cap Fund both are almost performing the same. For the year 2016, however, L&T Emerging Businesses Fund performed better than Nippon India Small Cap Fund. The table given below shows the yearly performance of both the schemes.

Parameters
Yearly Performance2021
2020
2019
2018
2017
Nippon India Small Cap Fund
Growth
Fund Details
74.3%
29.2%
-2.5%
-16.7%
63%
L&T Emerging Businesses Fund
Growth
Fund Details
77.4%
15.5%
-8.1%
-13.7%
66.5%

Other Details Section

The other details section includes the differentiating parameters such as Minimum SIP and Lumpsum Investment. The minimum lumpsum investment in both the scheme is same that is, INR 5,000. However, the minimum SIP investment in case of Nippon India Mutual Fund is INR 100 and of L&T Emerging Businesses Fund is INR 500. The table showing the factors under other details section are listed below as follows.

The Fund managers managing the Nippon India Small Cap Fund are Mr. Samir Rachh and Mr. Dhrumil Shah.

Mr. S. N. Lahiri and Mr. Karan Desai are the fund managers managing L&T Emerging Businesses Fund.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
Nippon India Small Cap Fund
Growth
Fund Details
₹100
₹5,000
Samir Rachh - 5.58 Yr.
L&T Emerging Businesses Fund
Growth
Fund Details
₹500
₹5,000
Venugopal Manghat - 2.62 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 Jul 17₹10,000
31 Jul 18₹10,818
31 Jul 19₹9,167
31 Jul 20₹9,266
31 Jul 21₹19,766
31 Jul 22₹21,798
Growth of 10,000 investment over the years.
L&T Emerging Businesses Fund
Growth
Fund Details
DateValue
31 Jul 17₹10,000
31 Jul 18₹10,820
31 Jul 19₹8,805
31 Jul 20₹7,744
31 Jul 21₹16,337
31 Jul 22₹18,068

Detailed Assets & Holdings Comparison

Asset Allocation
Nippon India Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash3.22%
Equity96.78%
Equity Sector Allocation
SectorValue
Industrials22.16%
Consumer Cyclical16.51%
Basic Materials16.43%
Financial Services13.2%
Consumer Defensive9.89%
Technology8.91%
Health Care5.39%
Communication Services1.92%
Real Estate0.58%
Energy0.44%
Utility0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | TIINDIA
3%₹607 Cr3,296,395
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 19 | CREDITACC
2%₹444 Cr4,368,685
NIIT Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | NIITLTD
2%₹419 Cr10,139,961
KPIT Technologies Ltd (Technology)
Equity, Since 30 Jun 19 | KPITTECH
2%₹381 Cr7,366,079
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK
2%₹364 Cr2,700,000
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 11 | NAVINFLUOR
2%₹360 Cr986,721
Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 28 Feb 18 | POONAWALLA
2%₹321 Cr14,087,931
Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | BAJAJELEC
2%₹314 Cr3,062,071
Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | BALRAMCHIN
2%₹312 Cr8,691,212
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Dec 16 | DEEPAKNTR
2%₹295 Cr1,700,165
↓ -97,578
Asset Allocation
L&T Emerging Businesses Fund
Growth
Fund Details
Asset ClassValue
Cash3.1%
Equity96.9%
Equity Sector Allocation
SectorValue
Industrials32.28%
Consumer Cyclical18.94%
Basic Materials16.62%
Technology8.26%
Real Estate7.52%
Consumer Defensive7.04%
Financial Services3.05%
Health Care2.8%
Energy0.4%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL
5%₹391 Cr7,582,009
↓ -100,000
Grindwell Norton Ltd (Industrials)
Equity, Since 30 Sep 17 | 506076
4%₹271 Cr1,610,948
↓ -27,000
E I D Parry India Ltd (Consumer Defensive)
Equity, Since 31 Jan 20 | EIDPARRY
3%₹212 Cr3,986,463
↑ 52,774
Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | BALRAMCHIN
3%₹201 Cr5,577,995
↓ -223,750
Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | 532929
3%₹192 Cr4,311,022
RHI Magnesita India Ltd (Industrials)
Equity, Since 31 Aug 18 | RHIM
2%₹172 Cr3,425,917
Carborundum Universal Ltd (Industrials)
Equity, Since 31 Jul 16 | CARBORUNIV
2%₹155 Cr2,159,700
Supreme Petrochem Ltd (Basic Materials)
Equity, Since 30 Sep 16 | SPLPETRO
2%₹150 Cr1,694,075
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI
2%₹146 Cr880,422
KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI
2%₹144 Cr1,249,400

Thus, we can conclude that both the schemes differ on various parameters. However, investors should be careful while choosing any scheme for investment. Individuals should check and confirm whether the scheme matches their investment objective or not. If required they can also consult a financial advisor and get their queries resolved before investing. This will help them to ensure that their money gives them the required results and the objectives are attained timely.

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.
How helpful was this page ?
Rated 4, based on 2 reviews.
POST A COMMENT

Jembukeswaran, posted on 29 Jul 21 10:04 PM

A nice and well detailed writeup.

1 - 1 of 1