Table of Contents
- Risk in SIP: Assessment of SIP Risks
- Risk 1: The risk of SIP getting a negative return or price risk
- Risk 2: The risk being able to get your money back quickly or liquidity risk
- Risk 3: The risk of downgrade of a security or credit risk
- Risk 4: The risk of the company not paying the owners of the bond their due or default risk
- Risk 5: The risk of processing your transaction correctly or technology risk
- Risk 6: The risk of scheme performance by the portfolio manager or fund management risk
Top 5 Funds
Risk in SIP: Assessment of Risk in SIP Investment
The risk in SIP varies for different Types of Mutual Funds. investing in Mutual Funds via SIP (Systematic Investment plan) involves Market linked risks, that are certainly higher for Equity Funds than debt and balanced Mutual Funds. The risk in SIP depends on the investment option that is chosen considering the risk profile, risk appetite and liquidity. However, the risk in SIP can be managed and reduced by the fund managers and the fund house.
To calculate the risk in SIP there are various tools available like sip calculator (also known as SIP return calculator).
Risk in SIP: Assessment of SIP Risks
Risk 1: The risk of SIP getting a negative return or price risk
Mutual fund investments are subject to market risks, is a commonly heard term. What this means is that your investment in a SIP can go down and you can end up with a value lower than what you invested depending on how the market behaves.
The risk in SIP is however related to the holding period and usually, the longer the holding period, the lower the risk. With higher holding period the probability of making profit increases. For e.g. have a look below for equity, a longer holding period for equity results in a lowering chance of loss. (The below is an analysis done on the BSE Sensex from 1979 to 2016).
Risk 2: The risk being able to get your money back quickly or liquidity risk
The ability to get your money back quickly depends on the Underlying investments. Usually with mutual funds, this is not an issue, however, there have been periods (such in 2008), when there was an issue in selling securities(Bonds) and that certain mutual funds had to limit withdrawals from some schemes. The equity market is fairly liquid (meaning that buying and selling do not pose an issue). However, if the sale quantity exceeds the numbers of buyers by a large amount, then this will result in an issue, hence making subsequent payouts a problem and hence liquidity risk.
Risk 3: The risk of downgrade of a security or credit risk
When the bond of a particular company/entity undergoes a downgrade by a credit rating agency, its price falls. If the price falls, this impacts the overall value of the portfolio. This is called credit risk.
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Risk 4: The risk of the company not paying the owners of the bond their due or default risk
When a company defaults on its payments to the bond holders, it’s called Default Risk.
With the investor not getting their money back, this will impact their portfolio, negatively.
Risk 5: The risk of processing your transaction correctly or technology risk
Today, all transactions take place in the electronic mode. With the various touch-points, there is a possibility of a technological failure at various places, at the R & T Agent, the Bank to debit funds etc.
The non-processing of a transaction is also a risk in SIP.
Risk 6: The risk of scheme performance by the portfolio manager or fund management risk
Another risk in SIP is that the chosen scheme may not deliver upto expectations, and performance may be much lower than expected. The Fund Manager may under-deliver on performance, and this will lead to low returns on the SIP investment.
These are the major risks in a SIP, while we can go on and elaborate further risks in SIP like Economy risk etc., most of these risks would fall under one or more of the categories above.
Though there is definitely a risk in SIP, one should always remember that SIP or lump sum, this is just an investment route and NOT the underlying investment. One needs to look at the underlying investment, its risks, and then make a final decision.
*Below is the list of Top SIP's one can evaluate to invest in
The primary objective of the Scheme is to achieve long-term capital appreciation by predominantly investing in equity & equity related instruments of mid cap companies. However, there is no assurance that the investment objective of the Scheme will be realized. PGIM India Midcap Opportunities Fund is a Equity - Mid Cap fund was launched on 2 Dec 13. It is a fund with High risk and has given a Below is the key information for PGIM India Midcap Opportunities Fund Returns up to 1 year are on The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities. Nippon India Small Cap Fund is a Equity - Small Cap fund was launched on 16 Sep 10. It is a fund with Moderately High risk and has given a Below is the key information for Nippon India Small Cap Fund Returns up to 1 year are on (Erstwhile Kotak Midcap Scheme) The investment objective of the Scheme is to generate capital appreciation from a diversified portfolio of equity and equity related securities. Kotak Small Cap Fund is a Equity - Small Cap fund was launched on 24 Feb 05. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Small Cap Fund Returns up to 1 year are on (Erstwhile DSP BlackRock Micro Cap Fund) The primary investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of small cap companies. From time to time, the fund manager will also seek participation in other equity and equity related securities to achieve optimal portfolio construction. There is no assurance that the investment objective of the Scheme will be realized DSP BlackRock Small Cap Fund is a Equity - Small Cap fund was launched on 14 Jun 07. It is a fund with Moderately High risk and has given a Below is the key information for DSP BlackRock Small Cap Fund Returns up to 1 year are on (Erstwhile SBI Small & Midcap Fund) The Scheme seeks to generate income and long term capital appreciation by
investing in a diversified portfolio of predominantly in equity and equity related securities of small & midcap Companies SBI Small Cap Fund is a Equity - Small Cap fund was launched on 9 Sep 09. It is a fund with Moderately High risk and has given a Below is the key information for SBI Small Cap Fund Returns up to 1 year are on 1. PGIM India Midcap Opportunities Fund
CAGR/Annualized return of 18.4% since its launch. Ranked 40 in Mid Cap category. Return for 2021 was 63.8% , 2020 was 48.4% and 2019 was 3.6% . PGIM India Midcap Opportunities Fund
Growth Launch Date 2 Dec 13 NAV (30 Sep 22) ₹44.56 ↑ 0.60 (1.36 %) Net Assets (Cr) ₹6,614 on 31 Aug 22 Category Equity - Mid Cap AMC Pramerica Asset Managers Private Limited Rating ☆ Risk High Expense Ratio 2.53 Sharpe Ratio 0.43 Information Ratio 1.64 Alpha Ratio -0.31 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,387 30 Sep 19 ₹9,220 30 Sep 20 ₹12,091 30 Sep 21 ₹22,710 30 Sep 22 ₹23,957 Returns for PGIM India Midcap Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -1.1% 3 Month 15.9% 6 Month 5.3% 1 Year 5.5% 3 Year 37.5% 5 Year 19.1% 10 Year 15 Year Since launch 18.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 63.8% 2020 48.4% 2019 3.6% 2018 -16.1% 2017 37% 2016 -1.3% 2015 7.9% 2014 42.8% 2013 2012 Fund Manager information for PGIM India Midcap Opportunities Fund
Name Since Tenure Aniruddha Naha 1 Jun 21 1.25 Yr. Puneet Pal 16 Jul 22 0.13 Yr. Vivek Sharma 1 Jun 21 1.25 Yr. Data below for PGIM India Midcap Opportunities Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Industrials 25.79% Consumer Cyclical 21.94% Financial Services 14.29% Basic Materials 11.15% Consumer Defensive 6.17% Health Care 5.24% Technology 5.03% Real Estate 3.15% Utility 1.29% Asset Allocation
Asset Class Value Cash 5.96% Equity 94.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity ABB India Ltd (Industrials)
Equity, Since 30 Sep 21 | 5000024% ₹288 Cr 882,705
↓ -95,268 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | 5323434% ₹271 Cr 2,750,000 Timken India Ltd (Industrials)
Equity, Since 30 Sep 21 | 5221134% ₹255 Cr 845,081 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 30 Apr 21 | 5008504% ₹247 Cr 8,647,166
↑ 700,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 30 Jun 21 | VBL4% ₹238 Cr 2,304,439 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 22 | HDFCBANK3% ₹219 Cr 1,475,000 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Nov 21 | 5402223% ₹215 Cr 3,713,813
↑ 450,000 Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | CROMPTON3% ₹214 Cr 5,250,000
↑ 2,250,000 Dalmia Bharat Ltd (Basic Materials)
Equity, Since 31 Jul 21 | 5422163% ₹202 Cr 1,312,300 Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 31 Jul 22 | JUBLFOOD3% ₹194 Cr 3,148,000
↑ 2,348,000 2. Nippon India Small Cap Fund
CAGR/Annualized return of 20.1% since its launch. Ranked 6 in Small Cap category. Return for 2021 was 74.3% , 2020 was 29.2% and 2019 was -2.5% . Nippon India Small Cap Fund
Growth Launch Date 16 Sep 10 NAV (30 Sep 22) ₹90.5927 ↑ 1.57 (1.77 %) Net Assets (Cr) ₹21,655 on 31 Aug 22 Category Equity - Small Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.98 Sharpe Ratio 0.64 Information Ratio 1.45 Alpha Ratio 8.41 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,090 30 Sep 19 ₹9,617 30 Sep 20 ₹10,804 30 Sep 21 ₹20,785 30 Sep 22 ₹23,215 Returns for Nippon India Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month 1.1% 3 Month 16.1% 6 Month 6.3% 1 Year 11.7% 3 Year 34.1% 5 Year 18.3% 10 Year 15 Year Since launch 20.1% Historical performance (Yearly) on absolute basis
Year Returns 2021 74.3% 2020 29.2% 2019 -2.5% 2018 -16.7% 2017 63% 2016 5.6% 2015 15.1% 2014 97.6% 2013 11.9% 2012 41.9% Fund Manager information for Nippon India Small Cap Fund
Name Since Tenure Samir Rachh 2 Jan 17 5.67 Yr. Kinjal Desai 25 May 18 4.27 Yr. Data below for Nippon India Small Cap Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Industrials 22.85% Consumer Cyclical 17.7% Basic Materials 15.54% Financial Services 14.27% Consumer Defensive 9.11% Technology 8.4% Health Care 5.12% Communication Services 1.69% Real Estate 0.6% Energy 0.45% Utility 0.19% Asset Allocation
Asset Class Value Cash 2.76% Equity 97.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | 5407623% ₹740 Cr 3,267,559
↓ -28,836 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 19 | 5417702% ₹436 Cr 4,368,685 Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5240002% ₹432 Cr 14,087,931 KPIT Technologies Ltd (Technology)
Equity, Since 30 Jun 19 | 5426512% ₹414 Cr 7,366,079 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK2% ₹401 Cr 2,700,000 Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 16 | 5000312% ₹378 Cr 3,062,071 Fine Organic Industries Ltd Ordinary Shares (Basic Materials)
Equity, Since 30 Jun 18 | 5415572% ₹374 Cr 605,377 Tejas Networks Ltd (Technology)
Equity, Since 30 Jun 17 | 5405952% ₹355 Cr 5,763,697 NIIT Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | 5003042% ₹349 Cr 10,036,413 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 11 | 5325042% ₹337 Cr 787,244
↓ -72,489 3. Kotak Small Cap Fund
CAGR/Annualized return of 17.3% since its launch. Ranked 23 in Small Cap category. Return for 2021 was 70.9% , 2020 was 34.2% and 2019 was 5% . Kotak Small Cap Fund
Growth Launch Date 24 Feb 05 NAV (30 Sep 22) ₹165.478 ↑ 1.92 (1.17 %) Net Assets (Cr) ₹8,356 on 31 Aug 22 Category Equity - Small Cap AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.89 Sharpe Ratio 0.4 Information Ratio 1.11 Alpha Ratio 3.28 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,355 30 Sep 19 ₹9,598 30 Sep 20 ₹10,934 30 Sep 21 ₹21,940 30 Sep 22 ₹22,710 Returns for Kotak Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month -0.8% 3 Month 12.2% 6 Month 1.3% 1 Year 3.5% 3 Year 33.3% 5 Year 17.8% 10 Year 15 Year Since launch 17.3% Historical performance (Yearly) on absolute basis
Year Returns 2021 70.9% 2020 34.2% 2019 5% 2018 -17.3% 2017 44% 2016 8.9% 2015 7.4% 2014 74% 2013 -4.9% 2012 50.2% Fund Manager information for Kotak Small Cap Fund
Name Since Tenure Pankaj Tibrewal 21 Jan 10 12.62 Yr. Arjun Khanna 30 Apr 22 0.34 Yr. Data below for Kotak Small Cap Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Industrials 31.14% Consumer Cyclical 26.86% Basic Materials 18.86% Financial Services 5.1% Health Care 3.5% Technology 3.07% Real Estate 1.62% Consumer Defensive 1.16% Energy 0.39% Asset Allocation
Asset Class Value Cash 7.8% Equity 92.2% Top Securities Holdings / Portfolio
Name Holding Value Quantity Century Plyboards (India) Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5325485% ₹388 Cr 5,783,653
↓ -244,041 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 18 | 5133754% ₹353 Cr 4,186,972 Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | 5402033% ₹287 Cr 963,274 Galaxy Surfactants Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 5409353% ₹285 Cr 872,010
↑ 15,596 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Jan 18 | 5201113% ₹266 Cr 1,433,009
↑ 26,907 Blue Dart Express Ltd (Industrials)
Equity, Since 31 Oct 19 | 5266123% ₹218 Cr 254,940
↓ -6,332 Blue Star Ltd (Industrials)
Equity, Since 31 May 18 | BLUESTARCO3% ₹218 Cr 1,978,982 Cyient Ltd (Industrials)
Equity, Since 31 Dec 19 | CYIENT3% ₹210 Cr 2,488,786
↑ 86,350 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 15 | SCHAEFFLER2% ₹202 Cr 665,447 Supreme Industries Ltd (Industrials)
Equity, Since 31 May 14 | 5099302% ₹195 Cr 990,770 4. DSP BlackRock Small Cap Fund
CAGR/Annualized return of 17.2% since its launch. Ranked 7 in Small Cap category. Return for 2021 was 58.9% , 2020 was 33.1% and 2019 was 0.7% . DSP BlackRock Small Cap Fund
Growth Launch Date 14 Jun 07 NAV (30 Sep 22) ₹112.814 ↑ 1.13 (1.01 %) Net Assets (Cr) ₹8,982 on 31 Aug 22 Category Equity - Small Cap AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 0.47 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹8,778 30 Sep 19 ₹8,537 30 Sep 20 ₹10,040 30 Sep 21 ₹17,698 30 Sep 22 ₹18,868 Returns for DSP BlackRock Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month 0.5% 3 Month 12.9% 6 Month 2.5% 1 Year 6.6% 3 Year 30.3% 5 Year 13.5% 10 Year 15 Year Since launch 17.2% Historical performance (Yearly) on absolute basis
Year Returns 2021 58.9% 2020 33.1% 2019 0.7% 2018 -25.5% 2017 42.8% 2016 12.7% 2015 20.4% 2014 101.8% 2013 3.8% 2012 40.5% Fund Manager information for DSP BlackRock Small Cap Fund
Name Since Tenure Vinit Sambre 21 Jun 10 12.21 Yr. Jay Kothari 1 Mar 13 9.51 Yr. Resham Jain 16 Mar 18 4.47 Yr. Abhishek Ghosh 1 Sep 22 0 Yr. Data below for DSP BlackRock Small Cap Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Consumer Cyclical 36.69% Basic Materials 22.99% Industrials 12.71% Consumer Defensive 6.41% Health Care 6.07% Financial Services 5.82% Technology 3.01% Communication Services 1.84% Asset Allocation
Asset Class Value Cash 4.46% Equity 95.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity Suprajit Engineering Ltd (Consumer Cyclical)
Equity, Since 30 Jun 14 | 5325093% ₹302 Cr 8,879,349 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Dec 14 | 5201113% ₹287 Cr 1,545,945 Atul Ltd (Basic Materials)
Equity, Since 31 Jul 13 | ATUL3% ₹286 Cr 312,546 Cyient Ltd (Industrials)
Equity, Since 30 Sep 21 | CYIENT3% ₹284 Cr 3,360,908
↑ 319,808 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | 5328893% ₹278 Cr 4,594,316 Chambal Fertilisers & Chemicals Ltd (Basic Materials)
Equity, Since 31 Jul 14 | 5000853% ₹276 Cr 7,885,010 Nilkamal Ltd (Consumer Cyclical)
Equity, Since 31 Jan 17 | 5233853% ₹264 Cr 1,289,228 GHCL Ltd (Basic Materials)
Equity, Since 30 Nov 17 | 5001713% ₹233 Cr 3,891,595
↓ -119,259 Triveni Engineering & Industries Ltd (Consumer Defensive)
Equity, Since 31 Aug 17 | 5323563% ₹227 Cr 9,644,615
↑ 1,772,945 Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 14 | 5244943% ₹226 Cr 2,496,780 5. SBI Small Cap Fund
CAGR/Annualized return of 20.5% since its launch. Ranked 4 in Small Cap category. Return for 2021 was 47.6% , 2020 was 33.6% and 2019 was 6.1% . SBI Small Cap Fund
Growth Launch Date 9 Sep 09 NAV (30 Sep 22) ₹113.791 ↑ 1.38 (1.22 %) Net Assets (Cr) ₹14,044 on 31 Aug 22 Category Equity - Small Cap AMC SBI Funds Management Private Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 0.87 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,141 30 Sep 19 ₹10,553 30 Sep 20 ₹11,845 30 Sep 21 ₹20,240 30 Sep 22 ₹23,047 Returns for SBI Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Sep 22 Duration Returns 1 Month 1.5% 3 Month 17.8% 6 Month 11.2% 1 Year 13.9% 3 Year 29.7% 5 Year 18.2% 10 Year 15 Year Since launch 20.5% Historical performance (Yearly) on absolute basis
Year Returns 2021 47.6% 2020 33.6% 2019 6.1% 2018 -19.6% 2017 78.7% 2016 1.3% 2015 20.6% 2014 110.7% 2013 7.8% 2012 31.9% Fund Manager information for SBI Small Cap Fund
Name Since Tenure R. Srinivasan 16 Nov 13 8.8 Yr. Mohit Jain 25 Aug 22 0.02 Yr. Data below for SBI Small Cap Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Industrials 34.12% Consumer Cyclical 23.08% Basic Materials 13.71% Consumer Defensive 5.07% Health Care 2.71% Financial Services 2.59% Communication Services 1.53% Real Estate 0.81% Asset Allocation
Asset Class Value Cash 16.25% Equity 83.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity Elgi Equipments Ltd (Industrials)
Equity, Since 31 Dec 13 | 5220745% ₹673 Cr 13,463,915 Vedant Fashions Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 5434634% ₹583 Cr 4,530,215
↓ -17,431 Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | 5402033% ₹468 Cr 1,570,000 Blue Star Ltd (Industrials)
Equity, Since 30 Jun 18 | BLUESTARCO3% ₹463 Cr 4,205,512
↑ 205,512 Fine Organic Industries Ltd Ordinary Shares (Basic Materials)
Equity, Since 31 Mar 19 | 5415573% ₹433 Cr 700,000
↓ -90,000 Rajratan Global Wire Ltd (Basic Materials)
Equity, Since 31 Oct 16 | 5175223% ₹424 Cr 3,753,760 Carborundum Universal Ltd (Industrials)
Equity, Since 31 May 19 | 5133753% ₹417 Cr 4,939,842 V-Guard Industries Ltd (Industrials)
Equity, Since 31 Aug 20 | 5329533% ₹386 Cr 17,000,000 Timken India Ltd (Industrials)
Equity, Since 31 May 19 | 5221133% ₹358 Cr 1,185,709 Lemon Tree Hotels Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | 5412332% ₹350 Cr 50,000,000
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