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- About the Tata Small Cap Mutual Fund
- Basic Details of the Fund
- Investment Details
- Performance of the Investment till now
- Risk Measures
- Performance during recent Downfalls
- Portfolio of the fund & asset allocation
- Investment Strategy
- Fund Managers
- Taxability of earnings
(A) About TATA Small Cap Mutual Fund
Tata Small Cap Fund – is a Small Cap mutual fund. The scheme is offered by the house of Tata Mutual fund. This fund has been in existence for past 4 yrs, and was launched on 19th Oct 2018.
As of 31st Dec 2022, The Fund has AUM of Rs 3117 Cr.
The fund has most of its money invested in the business of Financial Services, Capital Goods, Chemicals, and Materials space. Whereas, in the Technology and textiles business it has taken very less exposure.
(B) Basic Details of the Fund
| Fund House | Tata Small Cap Fund |
| Category | Equity: Small-Cap |
| Launch date | 19-Oct-2018 |
| Type | Open-ended |
| AUM | Rs. 3,117 Cr (as on 01-Feb-2023) |
| Available at NAV of | Rs. 23.31 (as of 01-Feb-2023) |
(C) Investment Details
(D) Performance of the fund
| Time-Period | Nifty Smallcap 250 | Tata Small Cap Mutual Fund |
|---|---|---|
| Since Inception | 15.17% | 22.18% |
| 1 Years | -8.51% | 6.50% |
| 3 Years | 20.86% | 27.44% |
Tata Small-cap Fund is 4-year-old Fund that was launched in Oct 2018. Over the years, the fund has performed very well.
In a period of 3 years, Tata Fund has outperformed ~5% against the Benchmark. Similarly, in last one year it has beaten the benchmark.
(E) Risk Measures
| Risk Measure (%) | Std Dev | Sharpe | Sortino | Beta | Alpha |
|---|---|---|---|---|---|
| Tata Small Cap MF | 16.84% | 0.36% | 0.88% | 1.11% | 13.43% |
| Nifty Smallcap 250 | 19.49% | 0.84% | 0.42% | – | – |
(F) Performance during recent Downfalls
(G) Portfolio of the fund & asset allocation
(i) Top 10 Holdings
The Fund Manager has included 50 Stocks under this scheme. In which Top 10 Holdings has Concentration of 46.77%.
(ii) Sector Allocation vis-à-vis Category
(iii) Portfolio Aggregates
| Market Cap concentration | Category Average (%) | TATA Small Cap MF (%) |
|---|---|---|
| Large Cap Stocks % | 2.94% | 0% |
| Mid Cap Stocks % | 17.8% | 5.73% |
| Small Cap Stocks % | 79.26% | 94.27% |
| Micro Cap Stocks % | 0% | 0% |
The fund has majority of the holdings lying under the Smallcap stocks which consists almost 95%. However, Midcap stocks has concentration of 5%.
(H) Investment Strategy
The scheme seeks to provide investors with opportunities for long term growth in capital from a diversified portfolio of equity and equity by investing predominantly in small-cap companies,
(I) Fund Managers
(i) Chandraprakash Padiyar
Started managing this fund on 19-Oct-2018
Brief Experience (10 year) From April 2007 to August 2018 with Alchemy Capital Management Pvt Ltd. where he was ‘Director & Portfolio Manager for their onshore long only strategies. Reporting to Chief Investment Officer.
Rs 10,137.31 Cr. Managed across 3 active funds by Chandraprakash Padiyar
(ii) Satish Chandra Mishra
Started managing this fund on 01-Nov-2019
From July 2017 till date with Tata Asset Management Ltd as Assistant Fund Manager, reporting to Chief Investment Officer-Equity. Earlier he was Research Analyst, tracking Oil & Gas, Metals & Mining and Chemicals. Reporting to Chief Investment Officer Equities.
From May 2012 to July 2017 with HDFC Securities Ltd as Assistant Vice President, tracking Oil & Gas and Chemicals. Reporting to Head of Research. From June 2008 to May 2012 with PINC Research as Research Analyst, tracking Oil & Gas, Fertilizers and Engineering sectors. Reporting to Head of Research.
8,467.42 Cr. Managed across 4 active funds by Satish Chandra Mishra
(J) Taxability of earnings
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax – STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax – LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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References: valueresearchonline.com, Industry’s Publications, News Publications, Mutual Fund Company.
Disclaimer: The report only represents personal opinions and views of the author. No part of the report should be considered as recommendation for buying/selling any stock. Thus, the report & references mentioned are only for the information of the readers about the industry stated.
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