Tata Small Cap Fund - NFO Presentation
Tata Small Cap Fund - NFO Presentation
8,000
6,053
6,000 5,472
4,650
4,000 3,338 3,171
2,959 2,810
2,512 2,195
2,000
1,042
0
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Aug
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Open Ended Equity Funds (Excl Small Cap) 630,570 60% 23% 11% 6%
Solutions (Retirement & Child Benefit) 15,123 38% 10% 10% 42%
SMALL CAPS - BREEDING GROUND FOR MULTI BAGGERS (AS ON AUGUST 31, 2018)
Small Cap - Small Cap -
Small Cap - Above
Current Market Cap Bands Large Cap Mid Cap Between 2501 Cr to Between 1000 Cr to
5000 Cr
5000 Cr 2500 Cr
* 5 Year Returns as on 31st August 2018. Data Source – Bloomberg. Market Cap definition is as per SEBI Circular dated October 6 2017
on categorization and rationalization of Mutual Fund schemes
SMALL CAPS – BREEDING GROUND FOR
MULTI BAGGERS
SMALL CAPS - BREEDING GROUND FOR MULTI BAGGERS (AS ON JANUARY 31, 2018)
Small Cap - Small Cap -
Small Cap - Above
Current Market Cap Bands Large Cap Mid Cap Between 2501 Cr Between 1000 Cr
5000 Cr
to 5000 Cr to 2500 Cr
* 5 Year Returns as on 31st January 2018. Data Source – Bloomberg. Market Cap definition is as per SEBI Circular dated October 6 2017 on
categorization and rationalization of Mutual Fund schemes
SMALL CAPS – HIGH RETURN DISPERSION
CY2014 CY2015
Return Bands/Market
Cap Top 100 Stocks Next 150 Stocks Next 250 Stocks Top 100 Stocks Next 150 Stocks Next 250 Stocks
Data Source – ICRA Returns calculated are 5 year CAGR as 31st Aug, 2018
VALUATIONS – OPPORTUNITY
S&P BSE Sensex TRI S&P BSE Mid Cap TRI S&P BSE Small Cap TRI
THE RANGE OF CORRECTION IN INDIVIDUAL SMALL CAP STOCKS IS HIGHER THAN THE
REPRESENTED SMALL CAP INDEX
S&P BSE 500 Index P/E as on 31st August P/E as on 29th December
Change in Average P/E
Stock bands 2018 2017
Absolute Calendar Year Returns – up to Aug 2018. Data Source – ICRA Explorer Calculations Internal
RISK IS NOT EXCLUSIVE TO SMALL CAPS
Absolute Rolling Returns Since January 2006 to August 2018 Data Source – ICRA Explorer. Calculations Internal Downside Risk: It is the probability
of negative returns based on historical returns.
UNDER RESEARCHED POTENTIAL
As on 31st August 2018. Data Source – Bloomberg About 8 Midcap Stocks as per SEBI Classification are part of Nifty Small Cap 250 Index
UNDER OWNERSHIP
BSE 500 Constituents - Ownership Analysis
Strong
Balance Sheet
Niche &
Scalable Promotor
Business Ownership
Model
Corporate
Governance
Entrepreneur
Valuations
Led Business
Representation
in Indices
WHY TATA SMALL CAP FUND?
NFO Dates Opens on 19th October, 2018. Closes on 2nd November, 2018
The investment objective of the scheme is to generate long term capital appreciation
by predominantly investing in equity and equity related instruments of small cap
companies. There is no assurance or guarantee that the investment objective of the
Scheme will be achieved. The Scheme does not assure or guarantee any returns.
Investment Objective
Definition of Small Cap Companies: Small Cap companies are those companies which
are classified as small cap companies by Securities and Exchange Board of India(SEBI) or
Association of Mutual Funds in India (AMFI). At present Small Cap: 251st company
onwards in terms of full market capitalization.
Type Of Scheme An Open Ended Equity Scheme predominantly investing in small cap stocks.
Chandraprakash Padiyar joined Tata Asset Management as a senior fund manager (equities),
in September 2018.
Chandraprakash previously worked with Alchemy Capital Management Pvt Ltd. as portfolio
manager for the onshore long-only strategies.