{"id":902,"date":"2022-05-19T00:00:00","date_gmt":"2022-05-19T00:00:00","guid":{"rendered":"https:\/\/elementummoney.com\/blog\/2022\/05\/19\/small-cap-funds-april-2022\/"},"modified":"2024-01-05T11:26:07","modified_gmt":"2024-01-05T11:26:07","slug":"small-cap-funds-april-2022","status":"publish","type":"post","link":"https:\/\/elementummoney.com\/blog\/small-cap-funds-april-2022\/","title":{"rendered":"Small Cap Funds – April 2022"},"content":{"rendered":"\n

Before I start off on any analysis in this segment, even at the cost of a repetitive bore I will put forth this disclaimer. All fund schemes are taken as direct. However, even if you are a direct investor, hire a financial advisor that you trust who can guide with investments. Pay for your advice.<\/strong><\/p>\n\n\n\n

Fund category definition:<\/strong> Funds with minimum 65{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} portfolio allocation to Small Cap (251 and beyond by market cap size) stocks<\/p>\n\n\n\n

Benchmark: <\/strong>Nifty Small Cap 250 TRI with a change of 0.57{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in April 2022 and a 1-year return of 31.74{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}<\/p>\n\n\n\n

All data as on:<\/strong> 29th<\/sup> April, 2022<\/p>\n\n\n\n

Summary<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

It\u2019s a mixed score card this month with exactly half the funds beating benchmark and half of them not. The good news is that when looking at the one-year performance the benchmark beating number goes up to 8.<\/p>\n\n\n\n

There is no change in the AUM ranking.<\/p>\n\n\n\n

In terms of Total Expense Ratio, Axis has raised it by quite a bit from 0.35 to 0.46. Franklin also sees a hike from 1.05 to 1.10.<\/p>\n\n\n\n

Market Cap Allocation<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Axis goes one step further to increase it\u2019s cash by cutting down equity exposure with a further 2-odd{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} trim. Now, it is in the sub-80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} level of equity, touching 79.81{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

ICICI is another cash lover with a more than 6{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} shave-off (mostly in Small cap) to go down to 86.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. This follows a 5{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} cut in equity exposure last month itself.<\/p>\n\n\n\n

Top 5 sectors<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Software has seen a reduction in most funds, especially Axis and ICICI where reduction is more than 2{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

In Nippon, Auto ancillaries has edged out Industrial Capital Goods mostly organically led by a 14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} price increase in Tube Investments of India.<\/p>\n\n\n\n

Top 10 Stocks & Movement<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Nippon, despite being a Small Cap fund, has a new 1.19{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} allocation to HDFC Bank.<\/p>\n\n\n\n

HDFC has cut down it\u2019s exposure to Persistent Systems to less than half by trimming it 1.46{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

Axis seems to have booked some profits from it\u2019s allocation in Tata Elxsi, which sees a reduction of 2.28{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, taking it down to 1.90{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

Franklin has reduced it\u2019s allocation to Brigade Enterprises by 0.80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} making it slip from the first to the second spot with 4.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

In a bid to increase it\u2019s cash levels, there are quite a few changes to note in ICICI. A 1.05{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in V-Mart Retail making it slip from the fourth to the seventh spot and complete exits from Persistent Systems (1.65{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Metropolis Healthcare (1.45{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Adiyta Birla sees a 0.95{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} cut in it\u2019s allocation to Cyient, leaving it at 2.55{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

Check out the other categories and what the funds there were up to:<\/a><\/p>\n\n\n\n

Large Cap Funds \u2013 April 2022<\/a><\/p>\n\n\n\n

Flexi Cap Funds \u2013 April 2022<\/a><\/p>\n\n\n\n

Multi Cap Funds \u2013 April 2022<\/a><\/p>\n\n\n\n

Large & Mid Cap Funds \u2013 April 2022<\/a><\/p>\n\n\n\n

Mid Cap Funds \u2013 April 2022<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Before I start off on any analysis in this segment, even at the cost of a repetitive bore I will put forth this disclaimer. All fund schemes are taken as direct. However, even if you are a direct investor, hire a financial advisor that you trust who can guide with investments. Pay for your advice. Fund category definition: Funds with minimum 65{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} portfolio allocation to Small Cap (251 and beyond by market cap size) stocks Benchmark: Nifty Small Cap 250 TRI with a change of 0.57{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in April 2022 and a 1-year return of 31.74{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} All data as on: 29th April, 2022 Summary It\u2019s a mixed score card this month with exactly half the funds beating benchmark and half of them not. The good news is that when looking at the one-year performance the benchmark beating number goes up to 8. There is no change in the AUM ranking. In terms of Total Expense Ratio, Axis has raised it by quite a bit from 0.35 to 0.46. Franklin also sees a hike from 1.05 to 1.10. Market Cap Allocation Axis goes one step further to increase it\u2019s cash by cutting down equity exposure with a further 2-odd{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} trim. Now, it is in the sub-80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} level of equity, touching 79.81{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. ICICI is another cash lover with a more than 6{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} shave-off (mostly in Small cap) to go down to 86.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. This follows a 5{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} cut in equity exposure last month itself. Top 5 sectors Software has seen a reduction in most funds, especially Axis and ICICI where reduction is more than 2{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. In Nippon, Auto ancillaries has edged out Industrial Capital Goods mostly organically led by a 14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} price increase in Tube Investments of India. Top 10 Stocks & Movement Nippon, despite being a Small Cap fund, has a new 1.19{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} allocation to HDFC Bank. HDFC has cut down it\u2019s exposure to Persistent Systems to less than half by trimming it 1.46{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Axis seems to have booked some profits from it\u2019s allocation in Tata Elxsi, which sees a reduction of 2.28{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, taking it down to 1.90{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Franklin has reduced it\u2019s allocation to Brigade Enterprises by 0.80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} making it slip from the first to the second spot with 4.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. In a bid to increase it\u2019s cash levels, there are quite a few changes to note in ICICI. A 1.05{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in V-Mart Retail making it slip from the fourth to the seventh spot and complete exits from Persistent Systems (1.65{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Metropolis Healthcare (1.45{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Adiyta Birla sees a 0.95{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} cut in it\u2019s allocation to Cyient, leaving it at 2.55{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Check out the other categories and what the funds there were up to: Large Cap Funds \u2013 April 2022 Flexi Cap Funds \u2013 April 2022 Multi Cap Funds \u2013 April 2022 Large & Mid Cap Funds \u2013 April 2022 Mid Cap Funds \u2013 April 2022<\/p>\n","protected":false},"author":1,"featured_media":903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[554],"tags":[377],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/902"}],"collection":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/comments?post=902"}],"version-history":[{"count":4,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/902\/revisions"}],"predecessor-version":[{"id":2708,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/902\/revisions\/2708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media\/903"}],"wp:attachment":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media?parent=902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/categories?post=902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/tags?post=902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}