Mutual Fund Returns: This small-cap fund has doubled in just three years; here are the details

Mutual Fund Returns: This small-cap fund has doubled in just three years; here are the details

Henil Shah

Launched in 2019, this small-cap fund has doubled investors’ investments in just three years. Read on to learn more about this fund.

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.

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