Small-cap fund performance: SBI, HSBC show strength

Small cap fund liquidity trends: The recent stress test results for mutual funds have unveiled a comprehensive view of the performance and liquidity positions of the top 10 small-cap funds in the market. While heavyweight contenders like Nippon India and HDFC Small Cap Funds grappled with extended liquidation times, signalling potential liquidity challenges, others like SBI and HSBC Small Cap Funds showcased resilience and efficiency in portfolio management.

Analysis of top 10 small-cap funds

1. Nippon India Small Cap Fund

• AUM: Rs 50,413 crore
• Liquidation time (April): 31 days
• Liquidation time (March): 29 days

Nippon India Small Cap Fund, boasting a substantial AUM of Rs 50,413 crore, exhibited a marginal increase in the time required for portfolio liquidation from 29 days in March to 31 days in April.

2. HDFC Small Cap Fund

• AUM: Rs 29,682 crore
• Liquidation time (April): 54 days
• Liquidation time (March): 44 days

HDFC Small Cap Fund, with an AUM of Rs 29,682 crore, experienced an uptick in the liquidation time, signaling potential liquidity challenges, with the duration increasing from 44 days in March to 54 days in April.

3. SBI Small Cap Fund

• AUM: Rs 27,769 crore
• Liquidation time (April): 48 days
• Liquidation time (March): 58 days

SBI Small Cap Fund demonstrated notable improvement, reducing the liquidation time from 58 days in March to 48 days in April, indicative of enhanced liquidity positions and effective portfolio management.

4. Quant Small Cap Fund

• AUM: Rs 20,194 crore
• Liquidation time (April): 22 days
• Liquidation time (March): 20 days

Quant Small Cap Fund maintained stability in its performance, with the liquidation time remaining consistent at 22 days in April, compared to 20 days in March.

5. Axis Small Cap Fund

• AUM: Rs 20,137 crore
• Liquidation time (April): 25 days
• Liquidation time (March): 27 days

Axis Small Cap Fund reported a decrease in the liquidation time from 27 days in March to 25 days in April, showcasing efficient portfolio management strategies.

6. Kotak Small Cap Fund

• AUM: Rs 14,809 crore
• Liquidation time (April): 35 days
• Liquidation time (March): 34 days

Kotak Small Cap Fund demonstrated marginal increase in liquidation time from 34 days in March to 35 days in April, indicating relatively stable liquidity positions.

7. HSBC Small Cap Fund:

• AUM: Rs 14,611 crore
• Liquidation time (April): 13 days
• Liquidation time (March): 14 days

HSBC Small Cap Fund exhibited a decrease in liquidation time from 14 days in March to 13 days in April, showcasing efficient portfolio management.

8. DSP Small Cap Fund

• AUM: Rs 14,070 crore
• Liquidation time (April): 35 days
• Liquidation time (March): 32 days

DSP Small Cap Fund experienced a slight increase in liquidation time from 32 days in March to 35 days in April, reflecting potential liquidity challenges.

9. Franklin India Smaller Companies Fund

• AUM: Rs 12,585 crore
• Liquidation time (April): 14 days
• Liquidation time (March): 13 days

Franklin India Smaller Companies Fund maintained stability in its performance, with the liquidation time remaining consistent at 14 days in April, compared to 13 days in March.

10. Canara Robeco Small Cap Fund

• AUM: Rs 10,085 crore
• Liquidation time (April): 10 days
• Liquidation time (March): 8 days

Canara Robeco Small Cap Fund exhibited a slight increase in liquidation time from 8 days in March to 10 days in April, indicative of stable liquidity positions.