Investing can be a perplexing journey, with markets constantly exhibiting burstiness. Navigating the intricate world of mutual funds demands an understanding of market dynamics and a keen eye for comparative analysis. In this article, we’ll unravel the tale of two giants in the small-cap mutual fund arena: SBI Small Cap Fund and Nippon India Small Cap Fund. Buckle up as we delve into their return figures, lumpsum and SIP investment values, and a comprehensive performance comparison.
Return Analysis
Annualized Returns (NAV as of Oct 30, 2023)
The numbers don’t lie, and both funds have impressive figures when it comes to annualized returns. Let’s break it down:
| Period Invested for | SBI Small Cap Fund | Nippon India Small Cap Fund | Category Avg |
| 1 Year | 15.04% | 32.94% | 25.72% |
| 2 Year | 13.78% | 23.49% | 15.79% |
| 3 Year | 31.97% | 44.20% | 36.80% |
| 5 Year | 23.38% | 26.84% | 23.56% |
| 10 Year | 27.23% | 29.30% | 22.81% |
Lumpsum Investment Value (NAV as of Oct 30, 2023)
Now, let’s put some numbers on the lumpsum investments:
| Period Invested for | SBI Small Cap Fund | Nippon India Small Cap Fund |
| 1 Year | 11513.3 | 13315.1 |
| 2 Year | 12949.4 | 15258.2 |
| 3 Year | 22984.4 | 29981.6 |
| 5 Year | 28611.2 | 32852 |
| 10 Year | 111260.3 | 130767.8 |
SIP Returns (NAV as of Oct 30, 2023)
Now, let’s shift our focus to Systematic Investment Plans (SIP) returns, a strategy that adds an element of burstiness to the investment journey:
| Period Invested for | SBI Small Cap Fund | Nippon India Small Cap Fund |
| 1 Year | 21.51% | 41.79% |
| 2 Year | 18.17% | 30.60% |
| 3 Year | 20.83% | 32.32% |
| 5 Year | 25.93% | 34.14% |
| 10 Year | 22.96% | 25.13% |
SIP Investment Value (NAV as of Oct 30, 2023)
Let’s translate these percentages into tangible SIP investment values:
| Period Invested for | Investments Amt | SBI Small Cap Fund | Nippon India Small Cap Fund |
| 1 Year | 12000 | 13355.18 | 14569.65 |
| 2 Year | 24000 | 28688.13 | 32065.5 |
| 3 Year | 36000 | 48835.39 | 57068.32 |
| 5 Year | 60000 | 113889.06 | 138284.41 |
| 10 Year | 120000 | 404268.55 | 454684.27 |
Comparative Performance
Finally, let’s lay out the comparative performance of these funds against the category average and the Nifty 50:
| Category | 1 Year | 2 Year | 3 Year | 5 Year |
| SBI Small Cap Fund | 15.04% | 13.78% | 31.97% | 23.38% |
| Nippon India Small Cap Fund | 32.94% | 23.49% | 44.20% | 26.84% |
| Nifty 50 | 7.85% | 4.07% | 18.02% | 13.41% |
| Category Average | 25.72% | 15.79% | 36.80% | 23.56% |
Both contenders have shown impressive returns in this mutual fund face-off, but Nippon India Small Cap Fund seems to have the edge, especially in shorter periods.
Now, we’ll dive into a comparative analysis of the BEST QUARTERS and WORST QUARTERS for two prominent small-cap funds – SBI Small Cap Fund and Nippon India Small Cap Fund, along with a glance at the Nifty 50 and the category average. Buckle up as we explore the highs and lows and analyze the Maximum Drawdown for a comprehensive overview.
BEST QUARTERS
Let’s start with the positive waves – the best quarters that saw these funds riding high:
| Period | SBI Small Cap Fund | Nippon India Small Cap Fund | Nifty 50 | Category Average |
| Q4 – 2017 | 27.32% | 22.65% | 5.84% | 15.88% |
| Q2 – 2020 | 20.66% | 28.93% | 24.82% | 15.58% |
| Q3 – 2020 | 22.32% | 7.84% | 13.16% | |
| Q4 – 2020 | 21.88% | 22.46% | 11.89% |
Both funds showcased their prowess in the best quarters, with SBI Small Cap Fund and Nippon India Small Cap Fund delivering impressive returns. Q2 – 2020 stands out as a period of exceptional growth, where the funds outshone not only each other but also the Nifty 50 and the category average.
WORST QUARTERS
Now, let’s ride the troughs and explore the worst quarters:
| Period | SBI Small Cap Fund | Nippon India Small Cap Fund | Nifty 50 | Category Average |
| Q1 – 2018 | -12.23% | -8.89% | -2.14% | -7.59% |
| Q1 – 2020 | -23.47% | -30.09% | -29.43% | -27.66% |
| Q2 – 2018 | -6.94% | 4.36% | -4.99% | |
| Q2 – 2022 | -9.44% | -10.70% | -7.61% |
In the worst quarters, the funds faced challenges, reflecting the market’s volatility. Q1 – 2020, marked by the onset of the global pandemic, proved to be particularly tumultuous for all entities, including the Nifty 50 and the category average.
Maximum Drawdown
Now, let’s examine the Maximum Drawdown, a crucial metric in understanding the potential risk and loss magnitude:
| Metric | SBI Small Cap Dir | Nippon Ind Small Cap Dir | Category |
| 3-Yr | -7.87 | -10.22 | -13.07 |
| 5-Yr | -28.26 | -38.61 | -36.21 |
| 10-Yr | -33.04 | -41.64 | -41.53 |
The Maximum Drawdown numbers reveal the extent of potential losses during different periods. While all entities faced downturns, the funds managed to navigate the storms reasonably well, with SBI Small Cap Fund showing resilience in the 5-year and 10-year categories.
Let’s buckle up and dive into the comparative analysis of the Annualized RESULTS (NAV as of Oct 30, 2023) and the QUARTERLY RESULTS (NAV as of Oct 30, 2023) for SBI Small Cap Fund and Nippon India Small Cap Fund, alongside the Nifty 50 and the category average. Prepare for a roller coaster of figures and insights.
Annualized RESULTS (NAV as of Oct 30, 2023)
2023: Navigating the Present
2023 paints a picture of current market prowess:
| Period | SBI Small Cap Fund | Nippon India Small Cap Fund | Nifty 50 | Category Average |
| 2023 | 15.60% | 30.91% | 5.18% | 21.32% |
| 2022 | 9.29% | 7.53% | 3.24% | 1.75% |
| 2021 | 45.69% | 72.65% | 23.79% | 52.60% |
| 2020 | 35.03% | 28.93% | 14.77% | 23.59% |
| 2019 | 7.40% | -1.97% | 11.53% | -1.14% |
| 2018 | -18.69% | -15.73% | 4.09% | -14.45% |
| 2017 | 80.44% | 64.94% | 27.58% | 42.12% |
| 2016 | 1.73% | 5.77% | 2.72% | 4.68% |
Number of times Outperformance:
- SBI Small Cap Fund: 4
- Nippon India Small Cap Fund: 4
The annualized results showcase the funds’ performance over the years. In 2023, SBI Small Cap Fund and Nippon India Small Cap Fund delivered impressive returns, outperforming the Nifty 50 and the category average. The number of outperformances reflects the competitive edge of both funds, making them stand out in various market conditions.
QUARTERLY RESULTS (NAV as of Oct 30, 2023)
Q4 – 2023: Facing the Headwinds
Now, let’s zoom in on the latest quarterly results:
| Period | SBI Small Cap Fund | Nippon India Small Cap Fund | Nifty 50 | Category Average |
| Q4 – 2023 | -2.68% | -1.35% | -1.99% | -1.43% |
| Q3 – 2023 | 9.53% | 12.77% | 1.07% | 6.17% |
| Q2 – 2023 | 13.45% | 20.10% | 10.29% | 11.46% |
| Q1 – 2023 | -4.41% | -2.02% | -4.60% | -2.03% |
| Q4 – 2022 | 0.47% | 2.91% | 7.76% | -0.60% |
| Q3 – 2022 | 18.17% | 16.47% | 8.52% | 7.69% |
| Q2 – 2022 | -6.55% | -9.44% | -10.70% | -7.61% |
| Q1 – 2022 | -2.68% | -2.12% | -0.91% | 1.13% |
| Q4 – 2021 | 5.03% | 7.70% | -1.02% | 4.73% |
| Q3 – 2021 | 8.92% | 12.38% | 12.36% | 8.11% |
| Q2 – 2021 | 14.11% | 19.76% | 5.75% | 13.47% |
| Q1 – 2021 | 10.78% | 17.22% | 4.80% | 7.72% |
| Q4 – 2020 | 21.88% | 18.81% | 22.46% | 11.89% |
| Q3 – 2020 | 20.26% | 22.32% | 7.84% | 13.16% |
| Q2 – 2020 | 20.66% | 28.93% | 24.82% | 15.58% |
| Q1 – 2020 | -23.47% | -30.09% | -29.43% | -27.66% |
| Q4 – 2019 | 3.87% | 5.03% | 7.12% | 2.77% |
| Q3 – 2019 | 1.53% | -4.17% | -3.30% | 0.64% |
| Q2 – 2019 | -1.70% | -2.44% | 1.68% | -2.91% |
| Q1 – 2019 | 3.43% | 1.50% | 6.96% | 5.70% |
| Q4 – 2018 | 1.78% | 1.02% | -1.32% | 2.29% |
| Q3 – 2018 | -1.38% | -4.34% | 3.29% | -8.73% |
| Q2 – 2018 | -6.94% | -4.46% | 4.36% | -4.99% |
| Q1 – 2018 | -12.23% | -8.89% | -2.14% | -7.59% |
| Q4 – 2017 | 27.32% | 22.65% | 5.84% | 15.88% |
| Q3 – 2017 | 12.11% | 5.76% | 2.54% | 2.53% |
| Q2 – 2017 | 8.32% | 7.30% | 3.06% | 6.18% |
| Q1 – 2017 | 16.71% | 18.51% | 12.16% | 16.54% |
| Q4 – 2016 | -5.17% | -1.19% | -6.39% | -4.83% |
| Q3 – 2016 | 9.25% | 8.20% | 3.40% | 8.00% |
Number of times Outperformance:
- SBI Small Cap Fund: 13
- Nippon India Small Cap Fund: 17
Quarterly results provide a closer look at how funds navigate short-term market dynamics. In Q4 – 2023, both funds faced challenges, but historically, Nippon India Small Cap Fund has outperformed more frequently, showcasing its resilience in different market conditions.
Understanding the nuances of mutual funds is like deciphering a complex code. In this journey, risk analysis plays a pivotal role. Let’s unravel the intricacies by delving into the risk parameters of two prominent players: SBI Small Cap Fund and Nippon India Small Cap Fund.
