{"id":950,"date":"2022-08-20T00:00:00","date_gmt":"2022-08-20T00:00:00","guid":{"rendered":"https:\/\/elementummoney.com\/blog\/2022\/08\/20\/small-cap-funds-july-2022\/"},"modified":"2024-01-05T11:18:06","modified_gmt":"2024-01-05T11:18:06","slug":"small-cap-funds-july-2022","status":"publish","type":"post","link":"https:\/\/elementummoney.com\/blog\/small-cap-funds-july-2022\/","title":{"rendered":"Small Cap Funds – July 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 8.92{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in July 2022 and a 1-year return of -2.69{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}<\/p>\n\n\n\n

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

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

While there is no change in the AUM ranking, ICICI has raised it\u2019s expense ratio by 7 basis points to reach 0.80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}.<\/p>\n\n\n\n

Nippon has slightly trimmed it\u2019s portfolio by five stocks, to still have a long string of 144 stocks.<\/p>\n\n\n\n

Although the one-year report card remains spotlessly green, for July it\u2019s a perfectly balanced scorecard with five funds beating the benchmark and five underperforming it.<\/p>\n\n\n\n

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

ICICI has reduced it\u2019s Small cap allocation by 2.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} and overall equity exposure is cut by 2.97{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} making it the third fund in the category to be at a sub-90 level.<\/p>\n\n\n\n

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

Nippon has almost doubled it\u2019s allocation to SBI (now at 1.40{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) leading to Banks edging out Auto Ancillaries from the Top 5 Sectors.<\/p>\n\n\n\n

There is a 0.89{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in the allocation to Birlasoft which has led to Software being replaced by Consumer Durables in the L&T fund.<\/p>\n\n\n\n

In Franklin, there is an organic swap between Software and Consumer Non Durables, with the latter making the cut this month.<\/p>\n\n\n\n

ICICI has increased it\u2019s allocation in Mold-Tek packaging by 1.80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} which has shot up Industrial Products to the third highest sector.<\/p>\n\n\n\n

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

Nippon has five new entrants \u2013 RITES (0.60{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Zomato (0.34{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), CESC (0.19{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), City Union Bank (0.11{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Gland Pharma (0.10{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). With more than 140 stocks, the fund also found it easy to exit out of ten \u2013 United Spirits (0.42{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), AIA Engineering (0.30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Zee Entertainment (0.24{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Oracle Financial Services (0.20{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), InterGlobe Aviation (0.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Tata Chemicals (0.15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), JK Lakshmi Cement (0.09{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Campus Activewear (0.06{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), PTC India (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Nuvoco Vistas Corporation (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

SBI has two exits \u2013 J.K. Cement (0.88{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and MTAR Technologies (0.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Axis has two new barely-there positions \u2013 Bata India (0.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and V-Guard (0.01{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

DSP has cut down it\u2019s allocation in Tube Investments by 0.94{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to go down to 2.44{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund has also exited it\u2019s 0.11{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Butterfly Gandhimathi Appliances.<\/p>\n\n\n\n

L&T has exited it\u2019s 0.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Dollar Industries. Simultaneously, it has added 0.34{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Timken India and 0.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Kec International.<\/p>\n\n\n\n

Franklin has added 0.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Tega Industries and 0.05{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Ceat.<\/p>\n\n\n\n

Apart from the Mold-Tek beefing up mentioned above for ICICI, there is a 0.97{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in Dixon Technologies landing it at 2.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund has also exited two stocks \u2013 Heidelberg Cement India (0.70{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Crafstman Automation (0.60{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}).<\/p>\n\n\n\n

Canara Robeco has added a big 1.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} allocation to Avenue Supermart.<\/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 July 2022<\/a><\/p>\n\n\n\n

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

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

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

Mid Cap Funds \u2013 July 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 8.92{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in July 2022 and a 1-year return of -2.69{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} All data as on: 29th July, 2022 Summary While there is no change in the AUM ranking, ICICI has raised it\u2019s expense ratio by 7 basis points to reach 0.80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. Nippon has slightly trimmed it\u2019s portfolio by five stocks, to still have a long string of 144 stocks. Although the one-year report card remains spotlessly green, for July it\u2019s a perfectly balanced scorecard with five funds beating the benchmark and five underperforming it. Market Cap Allocation ICICI has reduced it\u2019s Small cap allocation by 2.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} and overall equity exposure is cut by 2.97{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} making it the third fund in the category to be at a sub-90 level. Top 5 sectors Nippon has almost doubled it\u2019s allocation to SBI (now at 1.40{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) leading to Banks edging out Auto Ancillaries from the Top 5 Sectors. There is a 0.89{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in the allocation to Birlasoft which has led to Software being replaced by Consumer Durables in the L&T fund. In Franklin, there is an organic swap between Software and Consumer Non Durables, with the latter making the cut this month. ICICI has increased it\u2019s allocation in Mold-Tek packaging by 1.80{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} which has shot up Industrial Products to the third highest sector. Top 10 Stocks & Movement Nippon has five new entrants \u2013 RITES (0.60{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Zomato (0.34{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), CESC (0.19{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), City Union Bank (0.11{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Gland Pharma (0.10{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). With more than 140 stocks, the fund also found it easy to exit out of ten \u2013 United Spirits (0.42{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), AIA Engineering (0.30{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Zee Entertainment (0.24{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Oracle Financial Services (0.20{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), InterGlobe Aviation (0.18{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Tata Chemicals (0.15{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), JK Lakshmi Cement (0.09{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Campus Activewear (0.06{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), PTC India (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}), Nuvoco Vistas Corporation (0.04{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). SBI has two exits \u2013 J.K. Cement (0.88{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and MTAR Technologies (0.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Axis has two new barely-there positions \u2013 Bata India (0.03{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and V-Guard (0.01{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). DSP has cut down it\u2019s allocation in Tube Investments by 0.94{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} to go down to 2.44{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund has also exited it\u2019s 0.11{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Butterfly Gandhimathi Appliances. L&T has exited it\u2019s 0.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} position in Dollar Industries. Simultaneously, it has added 0.34{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Timken India and 0.52{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Kec International. Franklin has added 0.16{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Tega Industries and 0.05{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} in Ceat. Apart from the Mold-Tek beefing up mentioned above for ICICI, there is a 0.97{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} reduction in Dixon Technologies landing it at 2.07{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}. The fund has also exited two stocks \u2013 Heidelberg Cement India (0.70{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}) and Crafstman Automation (0.60{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886}). Canara Robeco has added a big 1.13{76b947d7ef5b3424fa3b69da76ad2c33c34408872c6cc7893e56cc055d3cd886} allocation to Avenue Supermart. Check out the other categories and what the funds there were up to: Large Cap Funds \u2013 July 2022 Flexi Cap Funds \u2013 July 2022 Multi Cap Funds \u2013 July 2022 Large & Mid Cap Funds \u2013 July 2022 Mid Cap Funds \u2013 July 2022<\/p>\n","protected":false},"author":1,"featured_media":951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[554],"tags":[354],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/950"}],"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=950"}],"version-history":[{"count":7,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/950\/revisions"}],"predecessor-version":[{"id":2520,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/posts\/950\/revisions\/2520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media\/951"}],"wp:attachment":[{"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/media?parent=950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/categories?post=950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elementummoney.com\/blog\/wp-json\/wp\/v2\/tags?post=950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}