An open-ended equity scheme that predominantly invests in small-cap equities is Tata Small Cap Fund. The investment objective of the scheme is to provide long term capital growth by investing predominantly in equity-related instruments of small-cap firms. Both Value Research and Morningstar have assigned 3-Star ratings to the fund. The fund was launched on November 12, 2018 and till date, it has successfully completed its first four years. Monthly SIP of 10,000 will now be 8,39 lakh thanks to the fund’s annualized returns of 30.65% since its inception.
Performance of Tata Small Cap Fund
Monthly SIPs due to fund’s 16.18% returns over the last year as compared to 4.50% returns of Nifty SmallCap 250 TRI Index 10,000 your total investment would have gone up 1.20 Lakh onwards 1.30 lakhs. The fund has generated annualized SIP returns of 34.89% in the last three years as compared to the performance of Nifty SmallCap 250 TRI Index which was 29.75%. Consequently, a monthly SIP Your total investment of Rs.10,000 will grow exponentially 3.60 Lakh onwards 5.90 lakhs. Since inception the fund has generated annualized SIP returns of 30.65% as compared to the performance of 25.50% of NIFTY SmallCap 250 TRI Index, hence the monthly SIP 10,000 now your total investment would have gone up 4.70 Lakhs 8.39 lakhs.
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Key Highlights of Tata Small Cap Fund
The Fund Manager of Tata Small Cap Fund is Chandraprakash Padiyar (Management since 19-Oct-18 and overall experience of 21 years) while the Assistant Fund Manager of the Fund is Satish Chandra Mishra (Management since 1-Nov-19 and overall experience of 15 years) . The fund is benchmarked against NIFTY SMALLCAP 250 TRI and the AUM of the fund as on 31st October 2022 is Rs. 2664.24 Crore and a monthly average AUM of Rs. 2623.36 cr. As on 31st October, the NAV of the fund was 24.7869 for direct option and 22.9871 for the regular option. The expense ratio of the fund is 0.29 for Direct Plan and 2.20 for Regular Option.
The fund has Top 10 Sector Allocation to Capital Goods, Services, Financial Services, Fast Moving Consumer Goods, Chemicals, Healthcare, Automobile & Auto Components, Consumer Durables, Consumer Services, Textiles, Construction, Construction Materials, Oil Gas & Consumable Fuels, Media . entertainment publishing, and information technology. The fund’s top 10 holdings are in Allcargo Logistics Ltd, IDFC Ltd, Dcb Bank, Basf India, Kirloskar Pneumatic Company, Redington (India), Tube Investments Of India, Greenply Industries, Agro Tech Foods and Gujarat Pipavav Port. The fund’s market cap-wise exposure is 94.26% to small-cap stocks and 5.74% to mid-cap stocks.