Table of Contents
Small Cap Mutual Funds
Small cap funds take the exposure at the lowest end of the Market capitalization. Small cap companies include the startups or firms that are in their early stage of development with small revenues. Many successful small cap firms have eventually grown into large cap companies. Since, small cap stocks give high growth potential, companies in their early stage of development, have great scope of higher developments.
Recently sebi has classified how AMC's to classify largecaps and midcaps.
| Market Capitalization | Description |
|---|---|
| Large cap company | 1st to 100th company in terms of full market capitalization |
| Mid cap company | 101st to 250th company in terms of full market capitalization |
| Small cap company | 251st company onwards in terms of full market capitalization |
Small Cap Funds (Investing in Small Cap Stocks)
Small caps are typically defined as firms with a market capitalization (MC=no of shares issued by the company X market price per share) of less than INR 500 Crore. Their market capitalization is much lower than the large and mid-cap. Many small caps are young firms with substantial growth potential. But, the risk of failure is higher with small cap compared to large and mid-cap.
Many small cap companies serve a niche market with sound consumer demand for their products and services. They also serve emerging industries with the potential for substantial future growth. Small cap firms have the potential to generate good returns. However, the risks involved in it are very high. But, if the investment period of a small cap is high, the risks tend to lower down.
The smallest equities of small caps are micro-cap and nano-cap stocks. Wherein, micro caps are firms with a market cap of INR 100 to 500 Crore and nano-caps are companies with market cap of below INR 100 Crore. BSE small cap Index, have recorded that four out of every 10 stocks have more than 30% increase in their net profits for the Fiscal Year of 2014-16.
Some of the most emerging small cap companies in India are Indiabulls Real, Just Dial, PNB Gilts, Federal Bank Ltd, Gitanjali Gems Ltd, Indian Cements Ltd, Indian Overseas bank, Oriental Bank of Commerce, PVR Ltd, etc.
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Pros and Cons of Investing in Small Cap Funds
Here are some pros and cons of Investing in small-cap funds that will guide you to understand the fund:
Pros
- Small cap stocks are priced lower than mid cap and large cap stocks.
- Small cap funds help to diversify your Portfolio. A trader can trade in a number of stocks as compared to the other caps.
- Small cap stocks give high growth potential. Since these are the companies at their early stage of development, they have great scope of higher developments.
- At times, small cap funds tend to perform better than the Large cap funds. As large companies incline towards stability, small caps can sometimes give it a better chance of performing better.
Cons
- Small cap stocks are riskier as they tend to have a low lasting business. For example, a company might have a unique service/product, but may not have enough finance to market it. So, sometimes lack of funding fails a business
- Small Cap stocks are more volatile in nature than large cap stocks.
- Due to their nature of stocks, small caps can outperform in a rising market and even can Underperform during a downturn.
How to Invest in Small Cap Funds?
Following are the important factors you need to look at before investing in a small-cap fund:
Past Performances
An investor should do a fair assessment of the funds’ performances for over a period of time. Also, it is suggested to go for a fund that consistently beats its benchmark over 4-5 years, additionally, one should see each period and see if the fund is able to beat the benchmark or not.
Portfolio Construction
It is essential to check the portfolio construction of the scheme that you will be investing in. Since, small-cap is a risky fund, the portfolio of the scheme should have a small portion dedicated to large-caps and also to debt/money market instruments so that it generates regular Income.
Fund Manager
A fund manager plays an important role in the overall performance of the scheme. A fund manager is responsible for making investment decisions for the fund’s portfolio. So, investors before investing in small-caps should ideally examine past performance of the fund managed by that particular fund manager, especially in the tough market phase.
Fund House Reputation
While choosing the small cap funds to invest, always look at the quality & reputation of the fund house. A fund house with a long-standing record, large Assets Under Management (AUM), star funds or good performing fund etc., is the one to invest in. A fund house should have a strong presence in the Industry along with a consistent track record.
Equity Fund Taxation
The short-term and long-term Capital gains offered by Mutual Funds are taxed at different rates.
| Fund Type | Short-Term Capital Gains | Long-Term Capital Gains |
|---|---|---|
| Equity Funds | 15% + cess + surcharge | Up to Rs. 1 lakh a year is tax-exempt. Any gains above Rs. 1 lakh are taxed at 10% + cess + surcharge |
Best Performing Small Cap Funds 2023
Some of the best performing small cap funds with AUM above 100 Cr are as follows:
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Kotak Small Cap Fund Growth ₹158.504
↓ -1.35 ₹8,498 -3.8 1.7 -1.4 25.8 13.7 -3.1 Nippon India Small Cap Fund Growth ₹89.5307
↓ -1.67 ₹23,701 -3 7 5.6 29.1 13.3 6.5 SBI Small Cap Fund Growth ₹109.775
↓ -0.95 ₹15,348 -4.8 6.8 7 24.2 11.9 8.1 ICICI Prudential Smallcap Fund Growth ₹52.71
↓ -0.67 ₹4,599 -3.7 2.5 5.6 24.1 11.3 5.7 HDFC Small Cap Fund Growth ₹77.086
↓ -1.45 ₹14,649 0 9.9 3.7 23.6 10.4 4.6 L&T Emerging Businesses Fund Growth ₹45.8236
↓ -0.69 ₹8,697 -3.2 4.9 1 23.9 9.7 1 IDBI Small Cap Fund Growth ₹17.48
↓ -0.19 ₹150 -7.6 3.4 1 22.1 9.4 2.4 DSP BlackRock Small Cap Fund Growth ₹110.217
↓ -0.97 ₹9,161 -2.6 2.6 -1.1 23.9 9.3 0.5 Franklin India Smaller Companies Fund Growth ₹92.7716
↓ -1.37 ₹7,288 -2 7.8 3.9 21 7.9 3.6 Sundaram Small Cap Fund Growth ₹146.112
↓ -1.72 ₹2,021 -3.7 6.2 -0.9 21.1 5.5 -2.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
(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 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 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 (Erstwhile ICICI Prudential Indo Asia Equity Fund) ICICI Prudential Indo Asia Equity Fund is an OE equity scheme that seeks to generate long term capital appreciation by investing in equity, equity related securities and or share classes/units of equity funds of companies, which are incorporated or have their area of primary activity, in the Asia Pacific region. Initially the Scheme will invest in share classes of International Opportunities Fund Asian Equity Fund and thereafter the Fund Manager of the Indo Asia Equity Fund may choose to make investment in listed equity shares, securities in the Asia Pacific region. However, there can be no assurance that the investment objective of the Scheme will be realized. ICICI Prudential Smallcap Fund is a Equity - Small Cap fund was launched on 18 Oct 07. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Smallcap Fund Returns up to 1 year are on To provide long-term capital appreciation by investing predominantly in Small-Cap and Mid-Cap companies. HDFC Small Cap Fund is a Equity - Small Cap fund was launched on 3 Apr 08. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Small Cap Fund Returns up to 1 year are on To generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities, including equity derivatives, in the Indian markets with key theme focus being emerging companies (small cap stocks). The Scheme could also additionally invest in Foreign Securities. L&T Emerging Businesses Fund is a Equity - Small Cap fund was launched on 12 May 14. It is a fund with High risk and has given a Below is the key information for L&T Emerging Businesses Fund Returns up to 1 year are on The Investment objective of the Scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Small Cap companies. However
there can be no assurance that the investment objective under the Scheme will be realized. IDBI Small Cap Fund is a Equity - Small Cap fund was launched on 21 Jun 17. It is a fund with Moderately High risk and has given a Below is the key information for IDBI 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 The Fund seeks to provide long-term capital appreciation by investing in mid and small cap companies. Franklin India Smaller Companies Fund is a Equity - Small Cap fund was launched on 13 Jan 06. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Smaller Companies Fund Returns up to 1 year are on (Erstwhile Sundaram SMILE Fund) To primarily achieve capital appreciation by
investing in diversified stocks that are
generally termed as small and mid-caps and
by investing in other equities. Sundaram Small Cap Fund is a Equity - Small Cap fund was launched on 15 Feb 05. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Small Cap Fund Returns up to 1 year are on 1. Kotak Small Cap Fund
CAGR/Annualized return of 16.7% since its launch. Ranked 23 in Small Cap category. Return for 2022 was -3.1% , 2021 was 70.9% and 2020 was 34.2% . Kotak Small Cap Fund
Growth Launch Date 24 Feb 05 NAV (27 Jan 23) ₹158.504 ↓ -1.35 (-0.85 %) Net Assets (Cr) ₹8,498 on 31 Dec 22 Category Equity - Small Cap AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.55 Sharpe Ratio -0.49 Information Ratio 0.57 Alpha Ratio -3.22 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 31 Dec 17 ₹10,000 31 Dec 18 ₹8,270 31 Dec 19 ₹8,687 31 Dec 20 ₹11,659 31 Dec 21 ₹19,930 31 Dec 22 ₹19,317 Returns for Kotak Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -1.8% 3 Month -3.8% 6 Month 1.7% 1 Year -1.4% 3 Year 25.8% 5 Year 13.7% 10 Year 15 Year Since launch 16.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 -3.1% 2021 70.9% 2020 34.2% 2019 5% 2018 -17.3% 2017 44% 2016 8.9% 2015 7.4% 2014 74% 2013 -4.9% Fund Manager information for Kotak Small Cap Fund
Name Since Tenure Pankaj Tibrewal 21 Jan 10 12.95 Yr. Arjun Khanna 30 Apr 22 0.67 Yr. Data below for Kotak Small Cap Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Industrials 33.74% Consumer Cyclical 26.81% Basic Materials 20.27% Financial Services 5.22% Health Care 3.63% Technology 3.39% Real Estate 1.34% Consumer Defensive 1.28% Energy 0.28% Asset Allocation
Asset Class Value Cash 3.32% Equity 96.68% Top Securities Holdings / Portfolio
Name Holding Value Quantity Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 18 | CARBORUNIV4% ₹357 Cr 4,186,972 Century Plyboards (India) Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | 5325484% ₹305 Cr 5,620,490 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Jan 18 | RATNAMANI3% ₹279 Cr 1,440,380 Galaxy Surfactants Ltd (Basic Materials)
Equity, Since 31 Jan 18 | GALAXYSURF3% ₹278 Cr 992,909 Cyient Ltd (Industrials)
Equity, Since 31 Dec 19 | CYIENT3% ₹256 Cr 3,061,007
↑ 78,061 Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 30 Jun 18 | SFL3% ₹249 Cr 963,836 Blue Star Ltd (Industrials)
Equity, Since 31 May 18 | BLUESTARCO3% ₹243 Cr 1,978,982 Supreme Industries Ltd (Industrials)
Equity, Since 31 May 14 | 5099303% ₹241 Cr 988,175
↓ -2,595 Garware Technical Fibres Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | GARFIBRES3% ₹238 Cr 700,383
↑ 20,595 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Aug 11 | SOLARINDS2% ₹207 Cr 533,840
↓ -6,101 2. Nippon India Small Cap Fund
CAGR/Annualized return of 19.4% since its launch. Ranked 6 in Small Cap category. Return for 2022 was 6.5% , 2021 was 74.3% and 2020 was 29.2% . Nippon India Small Cap Fund
Growth Launch Date 16 Sep 10 NAV (27 Jan 23) ₹89.5307 ↓ -1.67 (-1.83 %) Net Assets (Cr) ₹23,701 on 31 Dec 22 Category Equity - Small Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.86 Sharpe Ratio 0.17 Information Ratio 1.43 Alpha Ratio 7.6 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 31 Dec 17 ₹10,000 31 Dec 18 ₹8,331 31 Dec 19 ₹8,121 31 Dec 20 ₹10,496 31 Dec 21 ₹18,298 31 Dec 22 ₹19,495 Returns for Nippon India Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.7% 3 Month -3% 6 Month 7% 1 Year 5.6% 3 Year 29.1% 5 Year 13.3% 10 Year 15 Year Since launch 19.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.5% 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% Fund Manager information for Nippon India Small Cap Fund
Name Since Tenure Samir Rachh 2 Jan 17 6 Yr. Kinjal Desai 25 May 18 4.61 Yr. Akshay Sharma 1 Dec 22 0.08 Yr. Data below for Nippon India Small Cap Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Industrials 24.64% Consumer Cyclical 15.94% Basic Materials 15.39% Financial Services 15.32% Consumer Defensive 8.13% Technology 7.34% Health Care 5.17% Communication Services 1.52% Energy 0.61% Real Estate 0.51% Utility 0.36% Asset Allocation
Asset Class Value Cash 3.39% Equity 96.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 18 | TIINDIA4% ₹906 Cr 3,267,559 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK2% ₹434 Cr 2,700,000 Bank of Baroda (Financial Services)
Equity, Since 31 Mar 21 | 5321342% ₹416 Cr 25,045,248 KPIT Technologies Ltd (Technology)
Equity, Since 30 Jun 19 | KPITTECH2% ₹397 Cr 5,554,917
↓ -85,000 Tejas Networks Ltd (Technology)
Equity, Since 30 Jun 17 | TEJASNET2% ₹378 Cr 5,763,697 Fine Organic Industries Ltd Ordinary Shares (Basic Materials)
Equity, Since 30 Jun 18 | FINEORG2% ₹378 Cr 605,377 Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 28 Feb 18 | POONAWALLA2% ₹376 Cr 12,095,771
↓ -1,046,482 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | BALRAMCHIN2% ₹357 Cr 9,291,212 Timken India Ltd (Industrials)
Equity, Since 28 Feb 18 | 5221131% ₹353 Cr 1,067,270 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 11 | NAVINFLUOR1% ₹342 Cr 787,244 3. SBI Small Cap Fund
CAGR/Annualized return of 19.6% since its launch. Ranked 4 in Small Cap category. Return for 2022 was 8.1% , 2021 was 47.6% and 2020 was 33.6% . SBI Small Cap Fund
Growth Launch Date 9 Sep 09 NAV (27 Jan 23) ₹109.775 ↓ -0.95 (-0.86 %) Net Assets (Cr) ₹15,348 on 31 Dec 22 Category Equity - Small Cap AMC SBI Funds Management Private Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 0.27 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 31 Dec 17 ₹10,000 31 Dec 18 ₹8,038 31 Dec 19 ₹8,528 31 Dec 20 ₹11,395 31 Dec 21 ₹16,815 31 Dec 22 ₹18,184 Returns for SBI Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -3% 3 Month -4.8% 6 Month 6.8% 1 Year 7% 3 Year 24.2% 5 Year 11.9% 10 Year 15 Year Since launch 19.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 8.1% 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% Fund Manager information for SBI Small Cap Fund
Name Since Tenure R. Srinivasan 16 Nov 13 9.13 Yr. Mohit Jain 25 Aug 22 0.35 Yr. Data below for SBI Small Cap Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Industrials 34.59% Consumer Cyclical 22.96% Basic Materials 11.98% Financial Services 5.16% Consumer Defensive 4.47% Health Care 3.97% Communication Services 2.22% Real Estate 0.7% Utility 0.14% Asset Allocation
Asset Class Value Cash 13.7% Equity 86.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity Blue Star Ltd (Industrials)
Equity, Since 30 Jun 18 | BLUESTARCO4% ₹576 Cr 4,700,000
↑ 8,046 Lemon Tree Hotels Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | LEMONTREE3% ₹505 Cr 50,000,000 Vedant Fashions Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | 5434633% ₹482 Cr 3,525,082
↓ -58,901 Elgi Equipments Ltd (Industrials)
Equity, Since 31 Dec 13 | ELGIEQUIP3% ₹475 Cr 10,000,000 Triveni Turbine Ltd (Industrials)
Equity, Since 31 Jan 19 | 5336553% ₹443 Cr 15,435,443 Fine Organic Industries Ltd Ordinary Shares (Basic Materials)
Equity, Since 31 Mar 19 | FINEORG3% ₹437 Cr 700,000 V-Guard Industries Ltd (Industrials)
Equity, Since 31 Aug 20 | VGUARD3% ₹430 Cr 17,000,000 Carborundum Universal Ltd (Industrials)
Equity, Since 31 May 19 | CARBORUNIV3% ₹421 Cr 4,939,842 Sheela Foam Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | SFL3% ₹405 Cr 1,570,000 Timken India Ltd (Industrials)
Equity, Since 31 May 19 | 5221133% ₹392 Cr 1,185,709 4. ICICI Prudential Smallcap Fund
CAGR/Annualized return of 11.5% since its launch. Ranked 26 in Small Cap category. Return for 2022 was 5.7% , 2021 was 61% and 2020 was 22.8% . ICICI Prudential Smallcap Fund
Growth Launch Date 18 Oct 07 NAV (27 Jan 23) ₹52.71 ↓ -0.67 (-1.26 %) Net Assets (Cr) ₹4,599 on 31 Dec 22 Category Equity - Small Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.1 Sharpe Ratio 0.12 Information Ratio 0.21 Alpha Ratio 5.45 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 31 Dec 17 ₹10,000 31 Dec 18 ₹7,765 31 Dec 19 ₹8,544 31 Dec 20 ₹10,489 31 Dec 21 ₹16,887 31 Dec 22 ₹17,857 Returns for ICICI Prudential Smallcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2% 3 Month -3.7% 6 Month 2.5% 1 Year 5.6% 3 Year 24.1% 5 Year 11.3% 10 Year 15 Year Since launch 11.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.7% 2021 61% 2020 22.8% 2019 10% 2018 -22.4% 2017 42.7% 2016 6% 2015 0.5% 2014 50.6% 2013 8.8% Fund Manager information for ICICI Prudential Smallcap Fund
Name Since Tenure Harish Bihani 5 Nov 18 4.16 Yr. Sharmila D’mello 30 Jun 22 0.51 Yr. Data below for ICICI Prudential Smallcap Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Industrials 22.81% Consumer Cyclical 19.09% Health Care 13.83% Financial Services 9.62% Basic Materials 6.63% Technology 5.2% Consumer Defensive 4.9% Communication Services 4.52% Real Estate 3.74% Asset Allocation
Asset Class Value Cash 8.67% Equity 91.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity INOX Leisure Ltd (Communication Services)
Equity, Since 31 Oct 18 | INOXLEISUR4% ₹178 Cr 3,306,803
↑ 213,276 Rolex Rings Ltd (Industrials)
Equity, Since 31 Jul 21 | 5433254% ₹165 Cr 879,976
↑ 10,000 CCL Products (India) Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | CCL3% ₹156 Cr 2,851,351
↓ -1,237 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Jun 19 | MCX3% ₹154 Cr 983,534 Cyient Ltd (Industrials)
Equity, Since 31 Aug 18 | CYIENT3% ₹138 Cr 1,648,892
↑ 50,000 Tarsons Products Ltd (Healthcare)
Equity, Since 30 Nov 21 | 5433993% ₹137 Cr 1,965,770
↑ 938,407 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI3% ₹137 Cr 893,846 Krishna Institute of Medical Sciences Ltd (Healthcare)
Equity, Since 30 Sep 22 | 5433083% ₹135 Cr 904,750 Arvind Fashions Ltd (Consumer Cyclical)
Equity, Since 30 Jun 19 | ARVINDFASN3% ₹127 Cr 3,784,036 V-Mart Retail Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | VMART3% ₹126 Cr 450,040 5. HDFC Small Cap Fund
CAGR/Annualized return of 14.8% since its launch. Ranked 9 in Small Cap category. Return for 2022 was 4.6% , 2021 was 64.9% and 2020 was 20.2% . HDFC Small Cap Fund
Growth Launch Date 3 Apr 08 NAV (27 Jan 23) ₹77.086 ↓ -1.45 (-1.85 %) Net Assets (Cr) ₹14,649 on 31 Dec 22 Category Equity - Small Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 0.06 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,192 31 Dec 19 ₹8,320 31 Dec 20 ₹9,998 31 Dec 21 ₹16,484 31 Dec 22 ₹17,241 Returns for HDFC Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.1% 3 Month 0% 6 Month 9.9% 1 Year 3.7% 3 Year 23.6% 5 Year 10.4% 10 Year 15 Year Since launch 14.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.6% 2021 64.9% 2020 20.2% 2019 -9.5% 2018 -8.1% 2017 60.8% 2016 5.4% 2015 6.4% 2014 51.5% 2013 7.5% Fund Manager information for HDFC Small Cap Fund
Name Since Tenure Chirag Setalvad 28 Jun 14 8.52 Yr. Priya Ranjan 1 May 22 0.67 Yr. Data below for HDFC Small Cap Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Industrials 25.41% Consumer Cyclical 21.27% Financial Services 13.99% Technology 12.43% Basic Materials 10.23% Health Care 5.15% Consumer Defensive 3.57% Communication Services 2.36% Asset Allocation
Asset Class Value Cash 5.48% Equity 94.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bank of Baroda (Financial Services)
Equity, Since 31 Mar 19 | 5321344% ₹659 Cr 39,659,883 Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | SONATSOFTW4% ₹638 Cr 10,889,334 Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | BAJAJELEC4% ₹613 Cr 5,512,922
↑ 23,194 Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 18 | FSL4% ₹517 Cr 47,000,000 Great Eastern Shipping Co Ltd (Industrials)
Equity, Since 31 Jan 15 | GESHIP3% ₹443 Cr 6,668,480 eClerx Services Ltd (Technology)
Equity, Since 31 Mar 18 | ECLERX3% ₹421 Cr 2,908,743
↑ 110,000 IDFC Ltd (Financial Services)
Equity, Since 31 Oct 21 | IDFC3% ₹414 Cr 50,571,544
↑ 1,000,000 Aster DM Healthcare Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Jun 19 | ASTERDM3% ₹391 Cr 16,530,886 PNC Infratech Ltd (Industrials)
Equity, Since 31 Oct 15 | PNCINFRA2% ₹324 Cr 11,772,819 KEI Industries Ltd (Industrials)
Equity, Since 30 Sep 17 | KEI2% ₹322 Cr 2,110,000 6. L&T Emerging Businesses Fund
CAGR/Annualized return of 19.1% since its launch. Ranked 2 in Small Cap category. Return for 2022 was 1% , 2021 was 77.4% and 2020 was 15.5% . L&T Emerging Businesses Fund
Growth Launch Date 12 May 14 NAV (27 Jan 23) ₹45.8236 ↓ -0.69 (-1.47 %) Net Assets (Cr) ₹8,697 on 31 Dec 22 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.87 Sharpe Ratio -0.16 Information Ratio 0.2 Alpha Ratio 1.83 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 31 Dec 17 ₹10,000 31 Dec 18 ₹8,628 31 Dec 19 ₹7,925 31 Dec 20 ₹9,150 31 Dec 21 ₹16,233 31 Dec 22 ₹16,397 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -1.7% 3 Month -3.2% 6 Month 4.9% 1 Year 1% 3 Year 23.9% 5 Year 9.7% 10 Year 15 Year Since launch 19.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 1% 2021 77.4% 2020 15.5% 2019 -8.1% 2018 -13.7% 2017 66.5% 2016 10.2% 2015 12.3% 2014 2013 Fund Manager information for L&T Emerging Businesses Fund
Name Since Tenure Venugopal Manghat 17 Dec 19 3.04 Yr. Vihang Naik 17 Dec 19 3.04 Yr. Data below for L&T Emerging Businesses Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Industrials 33.57% Basic Materials 17.44% Consumer Cyclical 16.74% Financial Services 8.04% Technology 7.15% Real Estate 6.21% Consumer Defensive 5.2% Health Care 2.6% Energy 1.06% Communication Services 0.08% Asset Allocation
Asset Class Value Cash 1.92% Equity 98.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL3% ₹283 Cr 5,081,639
↓ -900,000 Grindwell Norton Ltd (Industrials)
Equity, Since 30 Sep 17 | 5060763% ₹236 Cr 1,227,322
↓ -215,000 E I D Parry India Ltd (Consumer Defensive)
Equity, Since 31 Jan 20 | EIDPARRY3% ₹229 Cr 3,804,620 City Union Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | CUB3% ₹229 Cr 12,108,492 RHI Magnesita India Ltd (Industrials)
Equity, Since 31 Aug 18 | RHIM3% ₹228 Cr 3,018,479 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI2% ₹203 Cr 1,329,400
↑ 80,000 Indian Bank (Financial Services)
Equity, Since 31 Jan 22 | 5328142% ₹202 Cr 7,556,600 JK Lakshmi Cement Ltd (Basic Materials)
Equity, Since 31 Oct 20 | JKLAKSHMI2% ₹195 Cr 2,733,835
↑ 150,000 Carborundum Universal Ltd (Industrials)
Equity, Since 31 Jul 16 | CARBORUNIV2% ₹192 Cr 2,249,700
↑ 90,000 Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | 5329292% ₹184 Cr 3,791,618
↓ -141,158 7. IDBI Small Cap Fund
CAGR/Annualized return of 10.5% since its launch. Return for 2022 was 2.4% , 2021 was 64.7% and 2020 was 19% . IDBI Small Cap Fund
Growth Launch Date 21 Jun 17 NAV (27 Jan 23) ₹17.48 ↓ -0.19 (-1.08 %) Net Assets (Cr) ₹150 on 31 Dec 22 Category Equity - Small Cap AMC IDBI Asset Management Limited Rating Risk Moderately High Expense Ratio 2.51 Sharpe Ratio -0.07 Information Ratio -0.01 Alpha Ratio 3.27 Min Investment 5,000 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 31 Dec 17 ₹10,000 31 Dec 18 ₹8,504 31 Dec 19 ₹8,127 31 Dec 20 ₹9,668 31 Dec 21 ₹15,923 31 Dec 22 ₹16,308 Returns for IDBI Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -3.3% 3 Month -7.6% 6 Month 3.4% 1 Year 1% 3 Year 22.1% 5 Year 9.4% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 2.4% 2021 64.7% 2020 19% 2019 -4.4% 2018 -15% 2017 2016 2015 2014 2013 Fund Manager information for IDBI Small Cap Fund
Name Since Tenure Alok Ranjan 16 Aug 21 1.38 Yr. Data below for IDBI Small Cap Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Industrials 38.49% Basic Materials 18.91% Consumer Cyclical 17.74% Financial Services 8.89% Technology 4.34% Health Care 2.82% Consumer Defensive 2.45% Communication Services 2.18% Real Estate 1.53% Asset Allocation
Asset Class Value Cash 2.66% Equity 97.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity Elgi Equipments Ltd (Industrials)
Equity, Since 31 Aug 20 | ELGIEQUIP6% ₹9 Cr 198,201 Fine Organic Industries Ltd Ordinary Shares (Basic Materials)
Equity, Since 29 Feb 20 | FINEORG4% ₹7 Cr 10,935 Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | TIINDIA4% ₹7 Cr 24,426 Timken India Ltd (Industrials)
Equity, Since 31 Oct 17 | 5221134% ₹7 Cr 20,146 KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 17 | KEI4% ₹7 Cr 43,415 Grindwell Norton Ltd (Industrials)
Equity, Since 31 Mar 18 | 5060764% ₹6 Cr 30,350 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Sep 19 | NAVINFLUOR3% ₹5 Cr 12,035 IDFC First Bank Ltd (Financial Services)
Equity, Since 30 Sep 22 | IDFCFIRSTB3% ₹5 Cr 789,200 Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 29 Feb 20 | GREENPANEL3% ₹5 Cr 117,108 Narayana Hrudayalaya Ltd (Healthcare)
Equity, Since 31 Mar 20 | NH3% ₹4 Cr 59,381 8. DSP BlackRock Small Cap Fund
CAGR/Annualized return of 16.6% since its launch. Ranked 7 in Small Cap category. Return for 2022 was 0.5% , 2021 was 58.9% and 2020 was 33.1% . DSP BlackRock Small Cap Fund
Growth Launch Date 14 Jun 07 NAV (27 Jan 23) ₹110.217 ↓ -0.97 (-0.87 %) Net Assets (Cr) ₹9,161 on 31 Dec 22 Category Equity - Small Cap AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio -0.18 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 31 Dec 17 ₹10,000 31 Dec 18 ₹7,455 31 Dec 19 ₹7,510 31 Dec 20 ₹9,997 31 Dec 21 ₹15,885 31 Dec 22 ₹15,958 Returns for DSP BlackRock Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -1.4% 3 Month -2.6% 6 Month 2.6% 1 Year -1.1% 3 Year 23.9% 5 Year 9.3% 10 Year 15 Year Since launch 16.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 0.5% 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% Fund Manager information for DSP BlackRock Small Cap Fund
Name Since Tenure Vinit Sambre 21 Jun 10 12.54 Yr. Jay Kothari 1 Mar 13 9.84 Yr. Resham Jain 16 Mar 18 4.8 Yr. Abhishek Ghosh 1 Sep 22 0.33 Yr. Data below for DSP BlackRock Small Cap Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Consumer Cyclical 35% Basic Materials 21.43% Industrials 13% Consumer Defensive 8.3% Financial Services 6.4% Health Care 6.26% Technology 2.98% Communication Services 2.09% Asset Allocation
Asset Class Value Cash 4.52% Equity 95.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity Suprajit Engineering Ltd (Consumer Cyclical)
Equity, Since 30 Jun 14 | SUPRAJIT4% ₹324 Cr 9,285,916 Triveni Engineering & Industries Ltd (Consumer Defensive)
Equity, Since 31 Aug 17 | 5323563% ₹323 Cr 10,918,004 Cyient Ltd (Industrials)
Equity, Since 30 Sep 21 | CYIENT3% ₹301 Cr 3,599,387
↑ 125,709 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Dec 14 | RATNAMANI3% ₹297 Cr 1,535,809
↓ -10,136 Atul Ltd (Basic Materials)
Equity, Since 31 Jul 13 | ATUL3% ₹261 Cr 312,546 Chambal Fertilisers & Chemicals Ltd (Basic Materials)
Equity, Since 31 Jul 14 | CHAMBLFERT3% ₹259 Cr 8,500,268 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | KPRMILL3% ₹256 Cr 4,594,316 Nilkamal Ltd (Consumer Cyclical)
Equity, Since 31 Jan 17 | NILKAMAL3% ₹247 Cr 1,289,228 La Opala RG Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | LAOPALA2% ₹227 Cr 5,728,747 eClerx Services Ltd (Technology)
Equity, Since 28 Feb 18 | ECLERX2% ₹221 Cr 1,529,097 9. Franklin India Smaller Companies Fund
CAGR/Annualized return of 14% since its launch. Ranked 11 in Small Cap category. Return for 2022 was 3.6% , 2021 was 56.4% and 2020 was 18.7% . Franklin India Smaller Companies Fund
Growth Launch Date 13 Jan 06 NAV (27 Jan 23) ₹92.7716 ↓ -1.37 (-1.46 %) Net Assets (Cr) ₹7,288 on 31 Dec 22 Category Equity - Small Cap AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.9 Sharpe Ratio -0.01 Information Ratio -0.28 Alpha Ratio 4.29 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 31 Dec 17 ₹10,000 31 Dec 18 ₹8,258 31 Dec 19 ₹7,843 31 Dec 20 ₹9,309 31 Dec 21 ₹14,556 31 Dec 22 ₹15,077 Returns for Franklin India Smaller Companies Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -2.6% 3 Month -2% 6 Month 7.8% 1 Year 3.9% 3 Year 21% 5 Year 7.9% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.6% 2021 56.4% 2020 18.7% 2019 -5% 2018 -17.4% 2017 43.5% 2016 10.2% 2015 9.6% 2014 89.9% 2013 13.2% Fund Manager information for Franklin India Smaller Companies Fund
Name Since Tenure R. Janakiraman 1 Apr 07 15.76 Yr. Sandeep Manam 18 Oct 21 1.21 Yr. Akhil Kalluri 8 Sep 22 0.32 Yr. Data below for Franklin India Smaller Companies Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Industrials 23.82% Financial Services 18.2% Consumer Cyclical 16.14% Basic Materials 10.12% Health Care 6.44% Consumer Defensive 6.41% Real Estate 6.04% Technology 3.54% Communication Services 2.54% Energy 1.38% Asset Allocation
Asset Class Value Cash 5.38% Equity 94.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity Brigade Enterprises Ltd (Real Estate)
Equity, Since 30 Jun 14 | 5329294% ₹331 Cr 6,800,570 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Jan 16 | DEEPAKNTR4% ₹302 Cr 1,387,967 J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Jun 14 | JBCHEPHARM3% ₹235 Cr 1,161,988 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | ICICIBANK3% ₹215 Cr 2,259,945 Equitas Holding Ltd (Financial Services)
Equity, Since 30 Apr 16 | 5398443% ₹205 Cr 17,172,603 CCL Products (India) Ltd (Consumer Defensive)
Equity, Since 30 Apr 19 | CCL3% ₹204 Cr 3,740,319 Jyothy Labs Ltd (Consumer Defensive)
Equity, Since 31 Dec 15 | 5329263% ₹199 Cr 9,813,765
↓ -450,000 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5900033% ₹194 Cr 19,398,917 Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Sep 19 | TIINDIA2% ₹184 Cr 665,416
↓ -284,898 Blue Star Ltd (Industrials)
Equity, Since 31 Jan 15 | BLUESTARCO2% ₹181 Cr 1,473,713 10. Sundaram Small Cap Fund
CAGR/Annualized return of 16.1% since its launch. Ranked 19 in Small Cap category. Return for 2022 was -2.1% , 2021 was 60.3% and 2020 was 26.2% . Sundaram Small Cap Fund
Growth Launch Date 15 Feb 05 NAV (27 Jan 23) ₹146.112 ↓ -1.72 (-1.17 %) Net Assets (Cr) ₹2,021 on 31 Dec 22 Category Equity - Small Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.19 Sharpe Ratio -0.34 Information Ratio -0.1 Alpha Ratio -1.08 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹7,083 31 Dec 19 ₹6,654 31 Dec 20 ₹8,394 31 Dec 21 ₹13,460 31 Dec 22 ₹13,176 Returns for Sundaram Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Jan 23 Duration Returns 1 Month -1.8% 3 Month -3.7% 6 Month 6.2% 1 Year -0.9% 3 Year 21.1% 5 Year 5.5% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 -2.1% 2021 60.3% 2020 26.2% 2019 -6.1% 2018 -29.2% 2017 55.6% 2016 -0.1% 2015 7.8% 2014 108.7% 2013 -5% Fund Manager information for Sundaram Small Cap Fund
Name Since Tenure Ravi Gopalakrishnan 1 Jan 22 1 Yr. Rohit Seksaria 1 Nov 22 0.17 Yr. Data below for Sundaram Small Cap Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 23.53% Consumer Cyclical 21.35% Industrials 19.88% Technology 9.66% Health Care 6.11% Basic Materials 5.62% Consumer Defensive 3.26% Communication Services 1.74% Real Estate 1.64% Asset Allocation
Asset Class Value Cash 6.9% Equity 93.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity KSB Ltd (Industrials)
Equity, Since 31 May 14 | KSB4% ₹73 Cr 362,000 KPIT Technologies Ltd (Technology)
Equity, Since 30 Apr 19 | KPITTECH3% ₹72 Cr 1,013,693
↓ -86,307 Can Fin Homes Ltd (Financial Services)
Equity, Since 30 Sep 20 | CANFINHOME3% ₹60 Cr 1,087,000 Westlife Foodworld Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | 5055333% ₹60 Cr 824,354 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Jan 22 | 5004772% ₹51 Cr 3,440,000 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 31 Mar 22 | RADICO2% ₹50 Cr 475,000 KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 21 | KEI2% ₹50 Cr 327,000 Canara Bank (Financial Services)
Equity, Since 31 Dec 21 | 5324832% ₹47 Cr 1,508,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 21 | ICICIBANK2% ₹44 Cr 464,000 ICRA Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICRA2% ₹40 Cr 90,000
Conclusion
Unlike any investment, small cap funds have its own pros and cons. If you are ready to take such risks and want to invest in small caps, then they are the right arena for you! You should further explore more!
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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