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 (%) Nippon India Small Cap Fund Growth ₹131.613
↑ 0.51 ₹37,319 8.2 28.3 38.4 41.1 27.1 6.5 ICICI Prudential Smallcap Fund Growth ₹71.45
↑ 0.61 ₹6,003 5.6 21.8 28.9 34 25.2 5.7 Kotak Small Cap Fund Growth ₹210.57
↑ 1.46 ₹12,163 5.4 21.4 26.7 31.3 25.2 -3.1 DSP BlackRock Small Cap Fund Growth ₹155.905
↑ 0.73 ₹11,837 7.5 28.2 35.5 32.1 24 0.5 SBI Small Cap Fund Growth ₹139.596
↓ -0.02 ₹21,140 4.5 18.4 20.3 27.8 23.1 8.1 L&T Emerging Businesses Fund Growth ₹67.2916
↑ 0.34 ₹11,552 8.5 29.4 39.7 39.2 22.4 1 Franklin India Smaller Companies Fund Growth ₹139.228
↑ 0.67 ₹9,684 10.7 30.1 42.4 36.3 22.1 3.6 Sundaram Small Cap Fund Growth ₹209.053
↑ 1.74 ₹2,627 10.6 27.8 36 32.9 21.7 -2.1 HDFC Small Cap Fund Growth ₹111.303
↑ 0.49 ₹23,184 6.4 24.5 38.3 37.5 21.4 4.6 IDBI Small Cap Fund Growth ₹23.3682
↑ 0.05 ₹169 7.6 20.2 23.6 32.4 20.2 2.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Dec 23
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 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 (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 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 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 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 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 1. Nippon India Small Cap Fund
CAGR/Annualized return of 21.5% 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 (01 Dec 23) ₹131.613 ↑ 0.51 (0.39 %) Net Assets (Cr) ₹37,319 on 31 Oct 23 Category Equity - Small Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.82 Sharpe Ratio 1.81 Information Ratio 1.48 Alpha Ratio 5.54 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 Nov 18 ₹10,000 30 Nov 19 ₹9,722 30 Nov 20 ₹11,819 30 Nov 21 ₹20,746 30 Nov 22 ₹23,979 30 Nov 23 ₹33,186 Returns for Nippon India Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 8.4% 3 Month 8.2% 6 Month 28.3% 1 Year 38.4% 3 Year 41.1% 5 Year 27.1% 10 Year 15 Year Since launch 21.5% 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 6.83 Yr. Kinjal Desai 25 May 18 5.44 Yr. Tejas Sheth 1 Feb 23 0.75 Yr. Akshay Sharma 1 Dec 22 0.92 Yr. Data below for Nippon India Small Cap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 30.99% Financial Services 13.76% Consumer Cyclical 11.51% Basic Materials 11.3% Technology 9.42% Health Care 7.9% Consumer Defensive 7.56% Communication Services 1.63% Utility 0.58% Energy 0.53% Real Estate 0.25% Asset Allocation
Asset Class Value Cash 3.69% Equity 96.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 30 Apr 18 | TIINDIA3% ₹1,029 Cr 3,267,559 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFCBANK2% ₹716 Cr 4,850,000
↑ 400,000 Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS2% ₹580 Cr 1,120,116 KPIT Technologies Ltd (Technology)
Equity, Since 30 Jun 19 | KPITTECH2% ₹579 Cr 4,756,932 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 19 | CREDITACC1% ₹542 Cr 3,393,401
↓ -200,000 Tejas Networks Ltd (Technology)
Equity, Since 30 Jun 17 | TEJASNET1% ₹494 Cr 5,763,697 ELANTAS Beck India Ltd (Basic Materials)
Equity, Since 28 Feb 13 | 5001231% ₹482 Cr 614,625 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | 5900031% ₹455 Cr 31,784,062 NIIT Learning Systems Ltd (Consumer Defensive)
Equity, Since 30 Jun 23 | 5439521% ₹441 Cr 11,320,240 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 30 Sep 22 | 5001031% ₹439 Cr 36,323,195 2. ICICI Prudential Smallcap Fund
CAGR/Annualized return of 12.9% 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 (01 Dec 23) ₹71.45 ↑ 0.61 (0.86 %) Net Assets (Cr) ₹6,003 on 31 Oct 23 Category Equity - Small Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.04 Sharpe Ratio 1.1 Information Ratio 0.11 Alpha Ratio -1.69 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 Nov 18 ₹10,000 30 Nov 19 ₹11,051 30 Nov 20 ₹12,802 30 Nov 21 ₹22,094 30 Nov 22 ₹23,879 30 Nov 23 ₹30,773 Returns for ICICI Prudential Smallcap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 7.5% 3 Month 5.6% 6 Month 21.8% 1 Year 28.9% 3 Year 34% 5 Year 25.2% 10 Year 15 Year Since launch 12.9% 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 Anish Tawakley 18 Sep 23 0.12 Yr. Sri Sharma 18 Sep 23 0.12 Yr. Sharmila D’mello 30 Jun 22 1.34 Yr. Data below for ICICI Prudential Smallcap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 24.74% Consumer Cyclical 21.44% Health Care 12.19% Basic Materials 9.98% Financial Services 5.77% Real Estate 3.87% Technology 3.24% Consumer Defensive 3.05% Communication Services 0.99% Energy 0.53% Utility 0.47% Asset Allocation
Asset Class Value Cash 12.82% Equity 87.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity Rolex Rings Ltd (Industrials)
Equity, Since 31 Jul 21 | 5433253% ₹189 Cr 854,305 Cyient Ltd (Industrials)
Equity, Since 31 Aug 18 | CYIENT3% ₹183 Cr 1,150,829
↓ -238,897 EPL Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 30 Apr 21 | 5001353% ₹158 Cr 8,728,374 Krishna Institute of Medical Sciences Ltd (Healthcare)
Equity, Since 30 Sep 22 | 5433082% ₹142 Cr 750,973
↓ -182,891 Vijaya Diagnostic Centre Ltd (Healthcare)
Equity, Since 30 Jun 23 | 5433502% ₹138 Cr 2,347,667
↓ -50,960 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 30 Jun 19 | CHOLAHLDNG2% ₹134 Cr 1,177,187
↓ -168,470 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Sep 23 | ULTRACEMCO2% ₹124 Cr 147,000
↑ 111,000 Brigade Enterprises Ltd (Real Estate)
Equity, Since 30 Sep 16 | 5329292% ₹122 Cr 1,977,838 Arvind Fashions Ltd (Consumer Cyclical)
Equity, Since 30 Jun 19 | ARVINDFASN2% ₹120 Cr 3,726,057
↓ -217,958 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 23 | LT2% ₹120 Cr 408,198
↑ 408,198 3. Kotak Small Cap Fund
CAGR/Annualized return of 17.6% 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 (01 Dec 23) ₹210.57 ↑ 1.46 (0.70 %) Net Assets (Cr) ₹12,163 on 31 Oct 23 Category Equity - Small Cap AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.48 Sharpe Ratio 0.83 Information Ratio -0.25 Alpha Ratio -4.78 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 Nov 18 ₹10,000 30 Nov 19 ₹10,580 30 Nov 20 ₹13,577 30 Nov 21 ₹24,212 30 Nov 22 ₹24,263 30 Nov 23 ₹30,737 Returns for Kotak Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 8.7% 3 Month 5.4% 6 Month 21.4% 1 Year 26.7% 3 Year 31.3% 5 Year 25.2% 10 Year 15 Year Since launch 17.6% 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 13.79 Yr. Arjun Khanna 30 Apr 22 1.51 Yr. Harish Bihani 20 Oct 23 0.03 Yr. Data below for Kotak Small Cap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 35.91% Consumer Cyclical 21.68% Basic Materials 21.06% Financial Services 5.47% Health Care 4.9% Consumer Defensive 2.27% Technology 2.25% Real Estate 1.72% Energy 0.1% Asset Allocation
Asset Class Value Cash 4.11% Equity 95.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cyient Ltd (Industrials)
Equity, Since 31 Dec 19 | CYIENT4% ₹479 Cr 3,018,341
↑ 140,174 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 18 | CARBORUNIV4% ₹428 Cr 3,997,181
↑ 295,657 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Jan 18 | RATNAMANI3% ₹395 Cr 1,428,816
↑ 1,831 Century Plyboards (India) Ltd (Basic Materials)
Equity, Since 31 Oct 18 | 5325483% ₹390 Cr 6,297,762
↑ 76,406 Blue Star Ltd (Industrials)
Equity, Since 31 May 18 | BLUESTARCO3% ₹359 Cr 4,061,650 Galaxy Surfactants Ltd (Basic Materials)
Equity, Since 31 Jan 18 | GALAXYSURF3% ₹346 Cr 1,268,161
↑ 11,083 Blue Dart Express Ltd (Industrials)
Equity, Since 31 Oct 19 | BLUEDART2% ₹284 Cr 430,884
↑ 32,494 Garware Technical Fibres Ltd (Consumer Cyclical)
Equity, Since 30 Jun 21 | GARFIBRES2% ₹280 Cr 885,191
↑ 2,690 Alembic Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jan 22 | APLLTD2% ₹276 Cr 3,874,016 Solar Industries India Ltd (Basic Materials)
Equity, Since 31 Aug 11 | SOLARINDS2% ₹275 Cr 500,163 4. DSP BlackRock Small Cap Fund
CAGR/Annualized return of 18.1% 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 (01 Dec 23) ₹155.905 ↑ 0.73 (0.47 %) Net Assets (Cr) ₹11,837 on 31 Oct 23 Category Equity - Small Cap AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.86 Sharpe Ratio 1.27 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 Nov 18 ₹10,000 30 Nov 19 ₹9,810 30 Nov 20 ₹12,697 30 Nov 21 ₹20,269 30 Nov 22 ₹21,614 30 Nov 23 ₹29,293 Returns for DSP BlackRock Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 10% 3 Month 7.5% 6 Month 28.2% 1 Year 35.5% 3 Year 32.1% 5 Year 24% 10 Year 15 Year Since launch 18.1% 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 13.37 Yr. Jay Kothari 1 Mar 13 10.68 Yr. Resham Jain 16 Mar 18 5.63 Yr. Abhishek Ghosh 1 Sep 22 1.17 Yr. Data below for DSP BlackRock Small Cap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Consumer Cyclical 29.13% Industrials 21.22% Basic Materials 18.39% Consumer Defensive 7.8% Health Care 7.78% Financial Services 6.68% Technology 2.55% Communication Services 0.92% Utility 0.43% Asset Allocation
Asset Class Value Cash 5.09% Equity 94.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cyient Ltd (Industrials)
Equity, Since 30 Sep 21 | CYIENT4% ₹524 Cr 3,300,697 Triveni Engineering & Industries Ltd (Consumer Defensive)
Equity, Since 31 Aug 17 | 5323563% ₹356 Cr 9,987,384 Suprajit Engineering Ltd (Consumer Cyclical)
Equity, Since 30 Jun 14 | SUPRAJIT3% ₹339 Cr 9,323,935 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Dec 14 | RATNAMANI3% ₹336 Cr 1,214,266 Ipca Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 14 | 5244943% ₹318 Cr 3,229,623 Nilkamal Ltd (Consumer Cyclical)
Equity, Since 31 Jan 17 | NILKAMAL3% ₹307 Cr 1,289,228 eClerx Services Ltd (Technology)
Equity, Since 28 Feb 18 | ECLERX3% ₹302 Cr 1,541,488
↑ 61,841 La Opala RG Ltd (Consumer Cyclical)
Equity, Since 31 Oct 18 | LAOPALA2% ₹259 Cr 6,121,822 Welspun Corp Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 5321442% ₹250 Cr 5,882,213 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 31 Dec 21 | 5230252% ₹248 Cr 600,000
↓ -82,864 5. SBI Small Cap Fund
CAGR/Annualized return of 20.4% 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 (01 Dec 23) ₹139.596 ↓ -0.02 (-0.01 %) Net Assets (Cr) ₹21,140 on 31 Oct 23 Category Equity - Small Cap AMC SBI Funds Management Private Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio 0.72 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 Nov 18 ₹10,000 30 Nov 19 ₹10,862 30 Nov 20 ₹13,536 30 Nov 21 ₹20,996 30 Nov 22 ₹23,480 30 Nov 23 ₹28,240 Returns for SBI Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 6.6% 3 Month 4.5% 6 Month 18.4% 1 Year 20.3% 3 Year 27.8% 5 Year 23.1% 10 Year 15 Year Since launch 20.4% 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 9.96 Yr. Mohit Jain 25 Aug 22 1.19 Yr. Data below for SBI Small Cap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 30.6% Consumer Cyclical 19.07% Basic Materials 9.51% Financial Services 8.71% Consumer Defensive 4.12% Utility 2.82% Health Care 2.82% Communication Services 1.79% Real Estate 1% Asset Allocation
Asset Class Value Cash 19.49% Equity 80.43% Top Securities Holdings / Portfolio
Name Holding Value Quantity Blue Star Ltd (Industrials)
Equity, Since 30 Jun 18 | BLUESTARCO4% ₹832 Cr 9,400,000 Kalpataru Projects International Ltd (Industrials)
Equity, Since 31 May 20 | KPIL3% ₹597 Cr 9,000,000 SBFC Finance Ltd (Financial Services)
Equity, Since 31 Aug 23 | 5439593% ₹579 Cr 69,999,999 CMS Info Systems Ltd (Industrials)
Equity, Since 31 Dec 21 | 5434413% ₹563 Cr 15,000,000 Lemon Tree Hotels Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | LEMONTREE3% ₹549 Cr 50,000,000 Chalet Hotels Ltd (Consumer Cyclical)
Equity, Since 31 Jan 19 | CHALET3% ₹532 Cr 9,716,991 Carborundum Universal Ltd (Industrials)
Equity, Since 31 May 19 | CARBORUNIV3% ₹530 Cr 4,939,842 Esab India Ltd (Industrials)
Equity, Since 28 Feb 21 | ESABINDIA2% ₹521 Cr 900,000 V-Guard Industries Ltd (Industrials)
Equity, Since 31 Aug 20 | VGUARD2% ₹509 Cr 17,000,000 Elgi Equipments Ltd (Industrials)
Equity, Since 31 Dec 13 | ELGIEQUIP2% ₹505 Cr 10,000,000 6. L&T Emerging Businesses Fund
CAGR/Annualized return of 22% 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 (01 Dec 23) ₹67.2916 ↑ 0.34 (0.51 %) Net Assets (Cr) ₹11,552 on 31 Oct 23 Category Equity - Small Cap AMC L&T Investment Management Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.84 Sharpe Ratio 1.86 Information Ratio 0.94 Alpha Ratio 6.15 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 Nov 18 ₹10,000 30 Nov 19 ₹9,347 30 Nov 20 ₹10,183 30 Nov 21 ₹17,984 30 Nov 22 ₹19,650 30 Nov 23 ₹27,449 Returns for L&T Emerging Businesses Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 9.6% 3 Month 8.5% 6 Month 29.4% 1 Year 39.7% 3 Year 39.2% 5 Year 22.4% 10 Year 15 Year Since launch 22% 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 3.88 Yr. Cheenu Gupta 1 Oct 23 0.08 Yr. Sonal Gupta 1 Oct 23 0.08 Yr. Data below for L&T Emerging Businesses Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 36.17% Consumer Cyclical 15.41% Basic Materials 14.64% Technology 9.73% Financial Services 8.2% Real Estate 5.55% Health Care 4.65% Consumer Defensive 3.32% Energy 0.81% Asset Allocation
Asset Class Value Cash 1.52% Equity 98.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | KPRMILL3% ₹401 Cr 4,981,639 Apar Industries Ltd (Industrials)
Equity, Since 31 Mar 17 | APARINDS3% ₹370 Cr 713,601
↓ -29,953 Sonata Software Ltd (Technology)
Equity, Since 31 Jul 18 | SONATSOFTW2% ₹282 Cr 2,448,245 KPIT Technologies Ltd (Technology)
Equity, Since 30 Sep 21 | KPITTECH2% ₹266 Cr 2,188,200 Cera Sanitaryware Ltd (Industrials)
Equity, Since 31 Mar 19 | CERA2% ₹258 Cr 304,220 Birlasoft Ltd (Technology)
Equity, Since 31 Aug 20 | BSOFT2% ₹252 Cr 4,596,200 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Nov 17 | RATNAMANI2% ₹241 Cr 870,422 KEI Industries Ltd (Industrials)
Equity, Since 31 Jan 20 | KEI2% ₹237 Cr 985,358 Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jul 19 | 5329292% ₹233 Cr 3,791,618 EIH Ltd (Consumer Cyclical)
Equity, Since 31 May 17 | 5008402% ₹225 Cr 10,023,622 7. Franklin India Smaller Companies Fund
CAGR/Annualized return of 15.8% 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 (01 Dec 23) ₹139.228 ↑ 0.67 (0.49 %) Net Assets (Cr) ₹9,684 on 31 Oct 23 Category Equity - Small Cap AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.89 Sharpe Ratio 2.13 Information Ratio 0.35 Alpha Ratio 9.29 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 30 Nov 18 ₹10,000 30 Nov 19 ₹9,694 30 Nov 20 ₹10,697 30 Nov 21 ₹17,631 30 Nov 22 ₹19,020 30 Nov 23 ₹27,092 Returns for Franklin India Smaller Companies Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 10.5% 3 Month 10.7% 6 Month 30.1% 1 Year 42.4% 3 Year 36.3% 5 Year 22.1% 10 Year 15 Year Since launch 15.8% 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 Feb 11 12.76 Yr. Sandeep Manam 18 Oct 21 2.04 Yr. Akhil Kalluri 8 Sep 22 1.15 Yr. Data below for Franklin India Smaller Companies Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 26.43% Financial Services 19.57% Consumer Cyclical 12.92% Basic Materials 7.3% Health Care 6.64% Technology 6.64% Consumer Defensive 5.29% Real Estate 5.24% Communication Services 0.99% Utility 0.97% Energy 0.38% Asset Allocation
Asset Class Value Cash 6.31% Equity 93.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Oct 20 | EQUITASBNK5% ₹446 Cr 48,064,081 Brigade Enterprises Ltd (Real Estate)
Equity, Since 30 Jun 14 | 5329294% ₹363 Cr 5,893,691 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | KALYANKJIL3% ₹318 Cr 11,013,469 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Jan 16 | DEEPAKNTR3% ₹276 Cr 1,387,967 Jyothy Labs Ltd (Consumer Defensive)
Equity, Since 31 Dec 15 | 5329262% ₹233 Cr 6,413,765 KPIT Technologies Ltd (Technology)
Equity, Since 31 Aug 20 | KPITTECH2% ₹228 Cr 1,872,610 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | 5900032% ₹228 Cr 15,898,917
↓ -1,250,000 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Jun 20 | MCX2% ₹222 Cr 954,140 J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Jun 14 | JBCHEPHARM2% ₹222 Cr 1,588,976
↓ -75,000 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | ICICIBANK2% ₹207 Cr 2,259,945 8. Sundaram Small Cap Fund
CAGR/Annualized return of 17.5% 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 (01 Dec 23) ₹209.053 ↑ 1.74 (0.84 %) Net Assets (Cr) ₹2,627 on 31 Oct 23 Category Equity - Small Cap AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.12 Sharpe Ratio 1.52 Information Ratio -0.23 Alpha Ratio 2.08 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 30 Nov 18 ₹10,000 30 Nov 19 ₹9,765 30 Nov 20 ₹11,362 30 Nov 21 ₹18,786 30 Nov 22 ₹19,595 30 Nov 23 ₹26,657 Returns for Sundaram Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 9.4% 3 Month 10.6% 6 Month 27.8% 1 Year 36% 3 Year 32.9% 5 Year 21.7% 10 Year 15 Year Since launch 17.5% 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 1.83 Yr. Rohit Seksaria 1 Nov 22 1 Yr. Data below for Sundaram Small Cap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Financial Services 25.6% Industrials 17.29% Consumer Cyclical 14.75% Technology 10.54% Health Care 8.21% Basic Materials 6% Consumer Defensive 4.65% Communication Services 2.71% Real Estate 2.46% Utility 1.15% Asset Allocation
Asset Class Value Cash 4.93% Equity 95.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity Can Fin Homes Ltd (Financial Services)
Equity, Since 30 Sep 20 | CANFINHOME3% ₹84 Cr 1,102,494
↑ 36,149 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Jun 20 | MCX3% ₹81 Cr 348,370 Suven Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jan 21 | SUVENPHAR3% ₹81 Cr 1,401,534
↓ -45,615 KSB Ltd (Industrials)
Equity, Since 31 May 14 | KSB3% ₹80 Cr 261,294
↓ -11,000 KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 21 | KEI3% ₹76 Cr 316,388 Safari Industries (India) Ltd (Consumer Cyclical)
Equity, Since 28 Feb 21 | 5230253% ₹69 Cr 167,503
↓ -7,651 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Jan 20 | CHOLAHLDNG2% ₹63 Cr 557,219 Westlife Foodworld Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | 5055332% ₹57 Cr 722,140 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 31 Mar 22 | RADICO2% ₹52 Cr 425,000 Cyient Ltd (Industrials)
Equity, Since 31 Oct 20 | CYIENT2% ₹48 Cr 303,808 9. HDFC Small Cap Fund
CAGR/Annualized return of 16.6% 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 (01 Dec 23) ₹111.303 ↑ 0.49 (0.44 %) Net Assets (Cr) ₹23,184 on 31 Oct 23 Category Equity - Small Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.82 Sharpe Ratio 2.07 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 30 Nov 18 ₹10,000 30 Nov 19 ₹9,227 30 Nov 20 ₹10,149 30 Nov 21 ₹17,279 30 Nov 22 ₹19,084 30 Nov 23 ₹26,388 Returns for HDFC Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 7.9% 3 Month 6.4% 6 Month 24.5% 1 Year 38.3% 3 Year 37.5% 5 Year 21.4% 10 Year 15 Year Since launch 16.6% 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 9.35 Yr. Dhruv Muchhal 22 Jun 23 0.36 Yr. Data below for HDFC Small Cap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 25.51% Consumer Cyclical 19.78% Financial Services 13.03% Technology 11.85% Health Care 10.64% Basic Materials 5.84% Consumer Defensive 3.5% Communication Services 3.13% Asset Allocation
Asset Class Value Cash 6.58% Equity 93.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity Sonata Software Ltd (Technology)
Equity, Since 31 Oct 17 | SONATSOFTW5% ₹1,097 Cr 9,506,167
↓ -3,687 Bank of Baroda (Financial Services)
Equity, Since 31 Mar 19 | 5321344% ₹840 Cr 42,828,792 Firstsource Solutions Ltd (Technology)
Equity, Since 31 Mar 18 | FSL3% ₹774 Cr 49,576,178
↑ 499,884 eClerx Services Ltd (Technology)
Equity, Since 31 Mar 18 | ECLERX3% ₹677 Cr 3,459,523
↑ 32,253 IDFC Ltd (Financial Services)
Equity, Since 31 Oct 21 | IDFC3% ₹585 Cr 51,071,544 Bajaj Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Mar 19 | BAJAJELEC2% ₹570 Cr 5,582,540 Aster DM Healthcare Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Jun 19 | ASTERDM2% ₹550 Cr 16,680,886 Great Eastern Shipping Co Ltd (Industrials)
Equity, Since 31 Jan 15 | GESHIP2% ₹530 Cr 6,668,480 SKF India Ltd (Industrials)
Equity, Since 31 Jul 14 | SKFINDIA2% ₹513 Cr 1,044,491 Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Dec 20 | EQUITASBNK2% ₹482 Cr 51,962,349
↑ 15,145,921 10. IDBI Small Cap Fund
CAGR/Annualized return of 14% 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 (01 Dec 23) ₹23.3682 ↑ 0.05 (0.23 %) Net Assets (Cr) ₹169 on 31 Oct 23 Category Equity - Small Cap AMC IDBI Asset Management Limited Rating Risk Moderately High Expense Ratio 1.31 Sharpe Ratio 0.77 Information Ratio 1.59 Alpha Ratio 5.71 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 30 Nov 18 ₹10,000 30 Nov 19 ₹9,634 30 Nov 20 ₹10,796 30 Nov 21 ₹18,452 30 Nov 22 ₹20,280 30 Nov 23 ₹25,070 Returns for IDBI Small Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 1 Dec 23 Duration Returns 1 Month 7.7% 3 Month 7.6% 6 Month 20.2% 1 Year 23.6% 3 Year 32.4% 5 Year 20.2% 10 Year 15 Year Since launch 14% 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 Yogesh Patil 31 Jul 23 0.25 Yr. Dikshit Mittal 31 Jul 23 0.25 Yr. Data below for IDBI Small Cap Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Industrials 32% Basic Materials 16.86% Consumer Cyclical 15.47% Financial Services 9.77% Technology 7.64% Health Care 6.75% Consumer Defensive 3.48% Utility 1.71% Asset Allocation
Asset Class Value Cash 6.17% Equity 93.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Garware Hi-Tech Films Ltd (Basic Materials)
Equity, Since 31 Aug 23 | 5006555% ₹9 Cr 61,751 KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 17 | KEI4% ₹7 Cr 31,020 Grindwell Norton Ltd (Industrials)
Equity, Since 31 Mar 18 | 5060764% ₹7 Cr 30,350 BSE Ltd (Financial Services)
Equity, Since 31 Aug 23 | BSE4% ₹6 Cr 33,929
↑ 3,522 Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 28 Feb 21 | KIRLOSENG3% ₹5 Cr 89,049 Lemon Tree Hotels Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | LEMONTREE3% ₹4 Cr 406,875 KSB Ltd (Industrials)
Equity, Since 31 Mar 21 | KSB2% ₹4 Cr 13,659 Avalon Technologies Ltd (Technology)
Equity, Since 31 Aug 23 | 5438962% ₹4 Cr 81,162 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Nov 20 | CARBORUNIV2% ₹4 Cr 37,306 Blue Star Ltd (Industrials)
Equity, Since 30 Nov 19 | BLUESTARCO2% ₹4 Cr 44,181
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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