The scheme seeks to provide long-term capital appreciation /income by investing predominantly in Small-Cap companies.
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies.
Fund Manager
Chirag Setalvad, Dhruv Muchhal
Samir Rachh, Kinjal Desai, Amber Singhania
AMC
HDFC Mutual Fund
Nippon India Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
31 Dec 2012
Portfolio Overlap
11.5%
Low overlap
common holdings
11.5% of the combined portfolio weight is common between HDFC Small Cap Fund Direct-Growth and Nippon India Small Cap Fund Direct-Growth.
29 stocks appear in both portfolios.
The largest shared holding is Aster DM Quality Care Ltd., at 3.83% of HDFC Small Cap Fund Direct-Growth and 0.88% of Nippon India Small Cap Fund Direct-Growth.
The two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure.
Largest common holdings
Aster DM Quality Care Ltd.Apar Industries Ltd.Krishna Institute of Medical Sciences LtdeClerx Services Ltd.Kalpataru Projects International Ltd.Vardhman Textiles Ltd.Timken India Ltd.Voltamp Transformers Ltd.
Nippon India Small Cap Fund Direct-Growth has delivered the higher 3-year CAGR (17.45% vs 13.84%). Nippon India Small Cap Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.70% against 0.76%. Nippon India Small Cap Fund Direct-Growth manages the larger corpus at ₹78.41k Cr. There is no single "better" fund — the right choice depends on your holding period, risk appetite and what you already own. Use the returns, risk and portfolio overlap tables above to judge which fits your portfolio, and remember that past returns do not guarantee future performance.
Over 1 year, Nippon India Small Cap Fund Direct-Growth returned 8.99% against 2.50% for HDFC Small Cap Fund Direct-Growth; and over 3 years, Nippon India Small Cap Fund Direct-Growth leads with a 17.45% CAGR versus 13.84%. Returns beyond one year are CAGR (annualised). Short-period returns are heavily influenced by market cycles, so compare over at least three to five years before drawing conclusions.
Nippon India Small Cap Fund Direct-Growth has the lower expense ratio at 0.70%, compared with 0.76% for HDFC Small Cap Fund Direct-Growth — a difference of 0.06% a year. The expense ratio is deducted from NAV daily, so a lower ratio directly improves your net return, though it should not be the only reason to pick a fund.
Both HDFC Small Cap Fund Direct-Growth and Nippon India Small Cap Fund Direct-Growth carry a "Very High" rating on the SEBI Riskometer. Within the same riskometer band, differences still show up in maximum drawdown, volatility and market-cap mix — all of which are compared in the tables above.
The portfolio overlap between the two funds is 11.5%, which is considered low. At this level the two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure. You can see the shared stocks in the overlap section above.
Yes — both are Equity: Small Cap funds, which means they follow similar mandates and are benchmarked against comparable indices. That makes a direct comparison of returns, expense ratio and risk meaningful.
HDFC Small Cap Fund Direct-Growth has a NAV of ₹164.01 and an AUM of ₹40.42k Cr, and was launched on 31 Dec 2012. Nippon India Small Cap Fund Direct-Growth has a NAV of ₹206.22 and an AUM of ₹78.41k Cr, launched on 31 Dec 2012. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
