Mutual Fund Returns: This small-cap fund has doubled in just three years; here are the details
DSIJ Intelligence / 07 Feb 2023/ Categories: MF Unlocked, Mindshare, Mutual Fund, Trending
Are you looking out for a small-cap fund that can create wealth for you in the long-term? Click here to learn more about a small-cap fund that doubled investors' wealth in just 3 years.
In the past three years, the Small-Caps have destroyed the wealth of investors returning a negative 8 per cent. However, Canara Robeco Small-Cap Fund in the same period has doubled its investors’ wealth.
Canara Robeco Small-Cap Fund, launched in February 2019, is a small-cap offering from Canara Robeco Mutual Fund. We believe that Canara Robeco is one of the most underrated asset management companies (AMCs). However, since inception, this fund has amassed Rs 4,568 crore worth of assets as of December 2022.
Moreover, since inception, this fund has generated annualised returns of 26.75 per cent. In the last three years, this fund returned around 33.19 per cent (annualised) and 136.46 per cent on an absolute basis.
|
Scheme Name |
Amount Invested (Rs) |
Value as on 06-02-2023 |
Profit/(Loss) |
CAGR Returns (%) |
Absolute Returns (%) |
|
Canara Robeco Small-Cap Fund - Direct Plan |
1,00,000 |
2,36,464 |
1,36,464 |
33.2 |
136.5 |
|
NIFTY Small-Cap 250 TRI |
1,00,000 |
77,919 |
(22,081) |
-8.0 |
-22.1 |
|
Fixed Deposit |
1,00,000 |
1,16,533 |
16,533 |
5.2 |
16.5 |
|
Gold |
1,00,000 |
1,37,901 |
37,901 |
11.3 |
37.9 |
|
PPF |
1,00,000 |
1,23,007 |
23,007 |
7.1 |
23.0 |
|
Source: Advisorkhoj |
|||||
SIP Returns
Assuming that an investor invested in this fund since its inception via a systematic investment plan (SIP) of Rs 10,000 per month, he would have ended up with a corpus of Rs 9.09 lakh by investing Rs 4.8 lakh. That being said, its SIP returns work out to be 32.49 per cent (annualised).
Top 10 Holdings
|
Company |
Sector |
Assets (%) |
|
City Union Bank |
Financial |
2.64 |
|
Cera Sanitaryware |
Materials |
2.33 |
|
KEI |
Capital Goods |
2.03 |
|
V-Guard |
Consumer Discretionary |
1.94 |
|
Multi Commodity Exchange of India |
Services |
1.94 |
|
Schaeffler India |
Capital Goods |
1.85 |
|
Indian Bank |
Financial |
1.80 |
|
RHI Magnesita India |
Capital Goods |
1.75 |
|
The Great Eastern Shipping |
Services |
1.72 |
|
The Indian Hotels |
Services |
1.72 |
Top 5 Sectors
|
Sector |
Fund (%) |
Category (%) |
|
Services |
19.43 |
12.22 |
|
Financial |
18.08 |
13.85 |
|
Capital Goods |
12.96 |
11.67 |
|
Materials |
11.02 |
7.82 |
|
Healthcare |
6.04 |
6.76 |
Bottomline
This fund is managed by Ajay Khandelwal and Shridatta Bhandwaldar. Shridatta Bhandwaldar is managing this fund since its inception and Ajay Khandelwal joined in 2021. This fund has been managed quite nicely providing better risk-adjusted returns. The risk of Canara Robeco Small-Cap Fund is lower than that of the category average as measured by standard deviation and beta. Moreover, it also has one of the best Sharpe and Sortino ratios in the category.