The Scheme will primarily be a diversified equity fund which will invest predominantly in small cap stocks to generate long term capital appreciation.
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies.
Fund Manager
Venugopal Manghat, Mayank Chaturvedi
Samir Rachh, Kinjal Desai, Amber Singhania
AMC
HSBC Mutual Fund
Nippon India Mutual Fund
Taxation
Equity
Equity
Launch Date
11 May 2014
31 Dec 2012
Portfolio Overlap
20.6%
Low overlap
common holdings
20.6% of the combined portfolio weight is common between HSBC Small Cap Fund Direct-Growth and Nippon India Small Cap Fund Direct-Growth.
39 stocks appear in both portfolios.
The largest shared holding is Apar Industries Ltd., at 2.17% of HSBC Small Cap Fund Direct-Growth and 1.71% 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
Apar Industries Ltd.MTAR Technologies Ltd.Karur Vysya Bank Ltd.Sai Life Sciences Ltd.Kirloskar Pneumatic Company Ltd.Radico Khaitan Ltd.Aster DM Quality Care Ltd.PNB Housing Finance Ltd.
Nippon India Small Cap Fund Direct-Growth has delivered the higher 3-year CAGR (17.45% vs 16.17%). 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, HSBC Small Cap Fund Direct-Growth returned 9.24% against 8.99% for Nippon India Small Cap Fund Direct-Growth; and over 3 years, Nippon India Small Cap Fund Direct-Growth leads with a 17.45% CAGR versus 16.17%. 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 HSBC 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 HSBC 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 20.6%, 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.
HSBC Small Cap Fund Direct-Growth has a NAV of ₹98.74 and an AUM of ₹17.83k Cr, and was launched on 11 May 2014. 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.
