Reliance Small Cap Fund

5 Value Research
Change from previous, NAV as on Dec 07, 2018
Category: Equity: Small Cap
Assets: R 7,227 crore (As on Nov 30, 2018)
Expense: 2.27% (As on Oct 31, 2018)
Investment Objective

The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies.

Fund Managers
+ Dhrumil Shah since Feb 2018
+ Samir Rachh since Jan 2017
As on May 24, 2018

This fund has beaten its benchmark in all seven years since its inception and has held onto a three or four-star rating without a pause. The fund adheres to a philosophy of finding good businesses at a good price without leaning overtly towards either the value or growth styles of investing. This approach has helped it outperform both its benchmark and category over one year, three years, five years and also in the since launch period. The margin of outperformance has remained high in the last one year as well. The fund's aggressive approach shows up in a portfolio-turnover ratio of 131 per cent. The only constraint is that this fund hasn't seen really challenging bear markets like the one in 2008. In 2011, it capped its losses at levels far lower than those of the index and the category. The fund has recently shut itself to fresh lump-sum investments, but you can still invest in it through SIPs.

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