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Fincash » Reliance Small Cap Vs HDFC Small Cap Fund

Reliance Small Cap Fund Vs HDFC Small Cap Fund: A Comparative Study

Updated on November 19, 2019 , 3296 views

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.

Reliance Small Cap Fund

This scheme of Reliance Mutual Fund 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 Reliance Small Cap Fund (as on January 31, 2018) include VIP Industries Limited, RBL Bank Limited, Navin Fluorine International Limited, Zydus Wellness Limited, etc.

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 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 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
Reliance Small Cap Fund
Growth
Fund Details
₹38.316 ↓ -0.03   (-0.08 %)
₹8,425 on 31 Oct 19
16 Sep 10
Equity
Small Cap
6
Moderately High
2.49
-0.18
1.3
1.89
Not Available
0-1 Years (1%),1 Years and above(NIL)
HDFC Small Cap Fund
Growth
Fund Details
₹38.154 ↓ -0.15   (-0.38 %)
₹9,137 on 31 Oct 19
3 Apr 08
Equity
Small Cap
9
Moderately High
2.19
-0.45
1.14
-2.82
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
Reliance Small Cap Fund
Growth
Fund Details
2.4%
8.2%
-0.3%
-3.9%
10.3%
10.4%
15.7%
HDFC Small Cap Fund
Growth
Fund Details
-1.1%
0.6%
-7.2%
-9%
9.9%
9%
12.2%

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 Reliance Small Cap is generating marginally better returns every year in comparison to HDFC Small cap fund.

Parameters
Yearly Performance2018
2017
2016
2015
2014
Reliance Small Cap Fund
Growth
Fund Details
-16.7%
63%
5.6%
15.1%
97.6%
HDFC Small Cap Fund
Growth
Fund Details
-8.1%
60.8%
5.4%
6.4%
51.5%

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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.

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
Reliance Small Cap Fund
Growth
Fund Details
₹100
₹5,000
Samir Rachh - 2.83 Yr.
HDFC Small Cap Fund
Growth
Fund Details
₹500
₹5,000
Chirag Setalvad - 5.27 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
Reliance Small Cap Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹11,709
31 Oct 16₹14,144
31 Oct 17₹18,825
31 Oct 18₹17,138
31 Oct 19₹16,931
Growth of 10,000 investment over the years.
HDFC Small Cap Fund
Growth
Fund Details
DateValue
31 Oct 14₹10,000
31 Oct 15₹10,952
31 Oct 16₹13,094
31 Oct 17₹17,317
31 Oct 18₹17,389
31 Oct 19₹16,478

Detailed portfolio Comparison

Asset Allocation
Reliance Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash4.5%
Equity95.27%
Other0.23%
Equity Sector Allocation
SectorValue
Basic Materials22.23%
Industrials18.94%
Consumer Cyclical16.52%
Financial Services12.91%
Consumer Defensive10.04%
Technology7.02%
Health Care3.32%
Utility1.74%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Triparty Repo
CBLO/Reverse Repo | -
4%₹335 Cr
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Dec 16 | 506401
3%₹231 Cr7,723,172
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 19 | 541770
2%₹182 Cr2,769,370
↑ 105,100
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | HDFCBANK
2%₹178 Cr1,448,646
↑ 700,000
Zydus Wellness Ltd (Consumer Defensive)
Equity, Since 31 Aug 16 | 531335
2%₹165 Cr967,400
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | 540762
2%₹164 Cr4,276,100
Orient Electric Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 May 18 | 541301
2%₹159 Cr9,574,898
↑ 8,600
VIP Industries Ltd (Consumer Cyclical)
Equity, Since 28 Feb 14 | 507880
2%₹156 Cr3,249,070
Affle India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | 542752
2%₹149 Cr1,321,014
↑ 33,600
Tata Global Beverages Ltd (Consumer Defensive)
Equity, Since 31 May 19 | 500800
2%₹135 Cr4,896,099
↑ 897,849
Asset Allocation
HDFC Small Cap Fund
Growth
Fund Details
Asset ClassValue
Cash11.25%
Equity88.48%
Debt0.28%
Equity Sector Allocation
SectorValue
Consumer Cyclical25.99%
Industrials13.02%
Technology13.01%
Basic Materials12.2%
Financial Services10.71%
Health Care6.66%
Utility2.28%
Consumer Defensive0.05%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
10%₹917 Cr
Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | 532221
3%₹292 Cr8,810,606
↑ 389,100
DCB Bank Ltd (Financial Services)
Equity, Since 30 Apr 19 | 532772
3%₹272 Cr13,906,886
↑ 262,000
NIIT Technologies Ltd (Technology)
Equity, Since 31 Jul 14 | 532541
3%₹269 Cr1,932,000
INOX Leisure Ltd (Consumer Cyclical)
Equity, Since 31 Jul 18 | 532706
2%₹212 Cr6,405,000
↑ 696,100
Chambal Fertilisers & Chemicals Ltd (Basic Materials)
Equity, Since 28 Feb 18 | 500085
2%₹211 Cr13,697,228
KEI Industries Ltd (Technology)
Equity, Since 30 Sep 17 | 517569
2%₹209 Cr3,850,003
Balkrishna Industries Ltd (Consumer Cyclical)
Equity, Since 30 Nov 18 | BALKRISIND
2%₹208 Cr2,683,447
Kalpataru Power Transmission Ltd (Industrials)
Equity, Since 31 Dec 14 | 522287
2%₹207 Cr4,214,750
↑ 715,100
Bajaj Electricals Ltd (Utilities)
Equity, Since 31 Mar 19 | 500031
2%₹201 Cr5,152,829
↑ 182,600

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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