HDFC Small cap mutual fund is lagging behind the index and its peers sharply; what should investors do
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
BASIC FACTS
DATE OF LAUNCH
3 APRIL 2008
CATEGORY
EQUITY
TYPE
SMALL CAP
AUM*
Rs.29,685 crore
BENCHMARK
S&P BSE 250 SMALLCAP
TOTAL RETURN INDEX
WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.124.11
IDCW
Rs.44.23
MINIMUM INVESTMENT
Rs.100
MINIMUM SIP AMOUNT
Rs.100
EXPENSE RATIO# (%)
1.60
EXIT LOAD
1% for redemption within 365 days
*AS ON 30 APR 2024
**AS ON 28 MAY 2024
#AS ON 30 APR 2024
FUND MANAGER
CHIRAG SETALVAD
9 YEARS, 10 MONTHS
Recent portfolio changes
New entrants
Blue Dart Express, CIE Automotive India, Cyient, G R Infraprojects, Zensar Technologies (March). Angel One (April).
Complete exits
EIH (March). Procter & Gamble Health (April).
Should You Buy
This fund morphed into a small-cap fund from its earlier avatar as a midand small-cap fund. It now takes a sharper tilt in small caps relative to many peers in the same category. Leaning towards growth and quality, it runs a highly diversified portfolio with modest positions even in top bets. Its long-term track record is erratic, with alternating bouts of outperformance and underperformance. It has hit another lean patch of late, lagging behind the index and its peers sharply. While it has generally delivered healthy outcomes over longer time frames, the fund’s struggle for consistency may not suit everyone.
