The scheme seeks to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme by investing predominantly in a well diversified basket of equity stocks of small cap companies.
The scheme seeks to generate long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies.
Fund Manager
Rama Iyer Srinivasan, Pradeep Kesavan
Chandraprakash Padiyar, Jeetendra Khatri
AMC
SBI Mutual Fund
Tata Mutual Fund
Taxation
Equity
Equity
Launch Date
31 Dec 2012
18 Nov 2018
Portfolio Overlap
3.0%
Low overlap
common holdings
3.0% of the combined portfolio weight is common between SBI Small Cap Fund Direct-Growth and Tata Small Cap Fund Direct-Growth.
2 stocks appear in both portfolios.
The largest shared holding is Carborundum Universal Ltd., at 1.45% of SBI Small Cap Fund Direct-Growth and 2.25% of Tata Small Cap Fund Direct-Growth.
The two funds hold largely different portfolios, so holding both can genuinely diversify your equity exposure.
Largest common holdings
Carborundum Universal Ltd.Balrampur Chini Mills Ltd.
Tata Small Cap Fund Direct-Growth has delivered the higher 3-year CAGR (12.91% vs 12.72%). Tata Small Cap Fund Direct-Growth is the cheaper of the two with an expense ratio of 0.50% against 0.75%. SBI Small Cap Fund Direct-Growth manages the larger corpus at ₹40.16k 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, SBI Small Cap Fund Direct-Growth returned 6.70% against -2.58% for Tata Small Cap Fund Direct-Growth; and over 3 years, Tata Small Cap Fund Direct-Growth leads with a 12.91% CAGR versus 12.72%. 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.
Tata Small Cap Fund Direct-Growth has the lower expense ratio at 0.50%, compared with 0.75% for SBI Small Cap Fund Direct-Growth — a difference of 0.25% 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 SBI Small Cap Fund Direct-Growth and Tata 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 3.0%, 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.
SBI Small Cap Fund Direct-Growth has a NAV of ₹208.76 and an AUM of ₹40.16k Cr, and was launched on 31 Dec 2012. Tata Small Cap Fund Direct-Growth has a NAV of ₹44.20 and an AUM of ₹12.53k Cr, launched on 18 Nov 2018. NAV on its own says nothing about how expensive or cheap a fund is — only the return on it matters.
