{"id":918,"date":"2022-06-21T00:00:00","date_gmt":"2022-06-21T00:00:00","guid":{"rendered":"https:\/\/elementummoney.com\/blog\/2022\/06\/21\/small-cap-funds-may-2022\/"},"modified":"2024-01-05T11:22:57","modified_gmt":"2024-01-05T11:22:57","slug":"small-cap-funds-may-2022","status":"publish","type":"post","link":"https:\/\/elementummoney.com\/blog\/small-cap-funds-may-2022\/","title":{"rendered":"Small Cap Funds – May 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 -8.61{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in May 2022 and a 1-year return of 9.34{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}<\/p>\n\n\n\n

All data as on:<\/strong> 31st<\/sup> May, 2022<\/p>\n\n\n\n

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

Happily enough, all funds have dropped lesser than the benchmark in May 2022. Even in the one-year returns, apart from Aditya Birla, all other funds have given a handsomely higher return than the benchmark.<\/p>\n\n\n\n

For Total Expense Ratio, two funds see noteworthy hikes \u2013 HDFC by 5 bps to 0.83{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} and ICICI by 8 bps to 0.71{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. While, Aditya Birla sees a 7 bps reduction bringing down the expense ratio to a still high number of 1.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

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

This month yet again, there are three funds in sub-90{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} equity exposure category with Axis being even lower than 80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

Top 5 sectors<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"
Sector ranking colour code<\/figcaption><\/figure>\n\n\n\n

In Nippon, with a 0.82{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} increase in the HDFC Bank allocation, Banks have edged out Auto Ancilliaries in the top 5 sectors spot.<\/p>\n\n\n\n

DSP, with a 0.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} increase in Ratnamani Metals & Tubes, sees Metals & Mining as a sector replaces Textiles in the Top 5.<\/p>\n\n\n\n

For ICICI, with a big new 1.96{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in SBI Cards & Payments, Finance replaces Leisure Services in the Top 5 Sectors.<\/p>\n\n\n\n

Aditya Birla sees Consumer Durables moving up to the top spot thanks to quite a few changes \u2013 increased allocations in four of the stocks (biggest being Campus Activewear) and a new 0.77{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} allocation to Symphony. But, the biggest change really has been Deepak Nitrite being cut down a to a third of it\u2019s last month\u2019s weight (a reduction of 2.14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) down to 1.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. That cutdown meant that even a new 0.30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Aether Industries was not enough to keep Chemicals in the top 5 sectors spot which it lost to Finance.<\/p>\n\n\n\n

Top 10 Stocks & Movement<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n
\"\"
Stock ranking colour code<\/figcaption><\/figure>\n\n\n\n

Nippon has used this month to further beef up it\u2019s allocation to HDFC, taking it up by 0.82{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to reach 2.01{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. On the other hand, it has completely exited it\u2019s 0.91{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Bharti Airtel.<\/p>\n\n\n\n

HDFC has cut down it\u2019s exposure to Vardhman Textiles by 0.92{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to bring it down to 2.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

SBI has increased it\u2019s allocation to V-Guard by 1.09{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to take it up to 3.31{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, which also makes it the fourth highest stock in the portfolio.<\/p>\n\n\n\n

Axis has trimmed down it\u2019s exposure to one-favourite Tata Elxsi by 0.84{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. which now stands at a humble 1.06{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

 DSP has a new 0.75{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Paradeep Phosphates, a stock cropping up in quite a few funds.<\/p>\n\n\n\n

Kotak has reduced it\u2019s exposure to Amber Enterprises by 0.92{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, which brings it lower to 2.48{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

Franklin has reduced it\u2019s allocation to K.P.R. Mills (a favoured stock in textiles) by 0.76{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} leading it down to 2.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. From December onwards (when the allocation was at a mighty 4.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), every month the stock has seen it\u2019s position being trimmed in the portfolio.<\/p>\n\n\n\n

As mentioned earlier, ICICI has taken a new 1.96{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in SBI Cards & Payments. It has also given much more heft to it\u2019s position in Dixon Technologies, zooming it up from 0.58{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to 3.20{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} an upward move of 2.62{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}!<\/p>\n\n\n\n

Quite a few changes in the Aditya Birla fund \u2013 Campus Activewear gets bumped up to more than 3x of it\u2019s existing position going up to 1.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, with an increase of 1.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Also, this fund too has reduced it\u2019s position in Amber Enterprises by 1.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, bringing it down to 1.75{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The biggest slash is to Deepak Nitrite, with the stock going to exactly a third of it\u2019s position down to 1.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Ruchi Soya is another stock which has been really cut down in size to a tiny 0.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Three interesting new positions worth mentioning \u2013 MTAR Technologies (0.77{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Symphony (0.77{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Federal Bank (0.75{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

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

<\/a><\/p>\n\n\n\n

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

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

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

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

Mid Cap Funds \u2013 May 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 -8.61{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in May 2022 and a 1-year return of 9.34{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} All data as on: 31st May, 2022 Summary Happily enough, all funds have dropped lesser than the benchmark in May 2022. Even in the one-year returns, apart from Aditya Birla, all other funds have given a handsomely higher return than the benchmark. For Total Expense Ratio, two funds see noteworthy hikes \u2013 HDFC by 5 bps to 0.83{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} and ICICI by 8 bps to 0.71{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. While, Aditya Birla sees a 7 bps reduction bringing down the expense ratio to a still high number of 1.12{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Market Cap Allocation This month yet again, there are three funds in sub-90{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} equity exposure category with Axis being even lower than 80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Top 5 sectors In Nippon, with a 0.82{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} increase in the HDFC Bank allocation, Banks have edged out Auto Ancilliaries in the top 5 sectors spot. DSP, with a 0.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} increase in Ratnamani Metals & Tubes, sees Metals & Mining as a sector replaces Textiles in the Top 5. For ICICI, with a big new 1.96{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in SBI Cards & Payments, Finance replaces Leisure Services in the Top 5 Sectors. Aditya Birla sees Consumer Durables moving up to the top spot thanks to quite a few changes \u2013 increased allocations in four of the stocks (biggest being Campus Activewear) and a new 0.77{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} allocation to Symphony. But, the biggest change really has been Deepak Nitrite being cut down a to a third of it\u2019s last month\u2019s weight (a reduction of 2.14{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) down to 1.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. That cutdown meant that even a new 0.30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Aether Industries was not enough to keep Chemicals in the top 5 sectors spot which it lost to Finance. Top 10 Stocks & Movement Nippon has used this month to further beef up it\u2019s allocation to HDFC, taking it up by 0.82{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to reach 2.01{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. On the other hand, it has completely exited it\u2019s 0.91{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Bharti Airtel. HDFC has cut down it\u2019s exposure to Vardhman Textiles by 0.92{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to bring it down to 2.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. SBI has increased it\u2019s allocation to V-Guard by 1.09{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to take it up to 3.31{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, which also makes it the fourth highest stock in the portfolio. Axis has trimmed down it\u2019s exposure to one-favourite Tata Elxsi by 0.84{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. which now stands at a humble 1.06{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.  DSP has a new 0.75{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Paradeep Phosphates, a stock cropping up in quite a few funds. Kotak has reduced it\u2019s exposure to Amber Enterprises by 0.92{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, which brings it lower to 2.48{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Franklin has reduced it\u2019s allocation to K.P.R. Mills (a favoured stock in textiles) by 0.76{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} leading it down to 2.08{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. From December onwards (when the allocation was at a mighty 4.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), every month the stock has seen it\u2019s position being trimmed in the portfolio. As mentioned earlier, ICICI has taken a new 1.96{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in SBI Cards & Payments. It has also given much more heft to it\u2019s position in Dixon Technologies, zooming it up from 0.58{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to 3.20{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} an upward move of 2.62{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}! Quite a few changes in the Aditya Birla fund \u2013 Campus Activewear gets bumped up to more than 3x of it\u2019s existing position going up to 1.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, with an increase of 1.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Also, this fund too has reduced it\u2019s position in Amber Enterprises by 1.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}, bringing it down to 1.75{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The biggest slash is to Deepak Nitrite, with the stock going to exactly a third of it\u2019s position down to 1.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Ruchi Soya is another stock which has been really cut down in size to a tiny 0.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Three interesting new positions worth mentioning \u2013 MTAR Technologies (0.77{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Symphony (0.77{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Federal Bank (0.75{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Check out the other categories and what the funds there were up to: Large Cap Funds \u2013 May 2022 Flexi Cap Funds \u2013 May 2022 Multi Cap Funds \u2013 May 2022 Large & Mid Cap Funds \u2013 May 2022 Mid Cap Funds \u2013 May 2022<\/p>\n","protected":false},"author":1,"featured_media":919,"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\/918"}],"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=918"}],"version-history":[{"count":3,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/918\/revisions"}],"predecessor-version":[{"id":2647,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/918\/revisions\/2647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media\/919"}],"wp:attachment":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media?parent=918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/categories?post=918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/tags?post=918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}