SBI Small cap Mutual Fund has an impressive track record, lowest volatility in returns

ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

BASIC FACTS
DATE OF LAUNCH
9 SEPTEMBER 2009
CATEGORY

EQUITY
TYPE
SMALL CAP
AUM*
Rs.30,836 crore
BENCHMARK
BSE 250 SMALLCAP
TOTAL RETURN INDEX

WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.180.54
IDCW
Rs.106.66
MINIMUM INVESTMENT
Rs.5,000

MINIMUM SIP AMOUNT
Rs.500

EXPENSE RATIO# (%)
1.59
EXIT LOAD
1% for redemption within 365 days

*AS ON 30 JUNE 2024
**AS ON 9 JULY 2024
#AS ON 30 JUNE 2024

FUND MANAGERS
PRADEEP KESAVAN/R. SRINIVASAN (IN PIC)
6 MONTHS / 10 YEARS, 7 MONTHS

Recent portfolio changes
New entrants
Aptus Value Housing Finance India (April). Indiamart Intermesh (May).
Complete exits
NUVOCO Vistas Corp (April).Graphite India, LIC Housing Finance (May).

Should You Buy
Earlier run as SBI Small and Mid Cap, this fund was repositioned as a small-cap offering a few years ago. The fund manager prefers high quality franchises to lower chances of mistakes. The fund house is acutely aware of the capacity constraints in small-cap funds. It occasionally gates inflows to prevent dilution in the fund’s liquidity and quality hygiene. It continues to cap the monthly SIP intake at `25,000. The fund boasts an impressive track record of outperformance over the years. However, it experienced a sharp drop in performance in 2021 and 2023, lagging behind the index and its peers sharply. The fund has put an improved showing so far this year. Boasting the lowest volatility in returns puts it ahead of many peers for risk-adjusted returns.