A smallcase is a portfolio of up to 20 stocks that tracks an idea/strategy. smallcases are based on new government initiatives like Digital India or Smart Cities Project, specific sectors or simply an investment strategy based on fundamental criteria like earnings growth or dividends.
For example, Growth at a Fair Price is a model-based smallcase consisting of reasonably priced high growth companies with increasing earnings and return on capital
Each smallcase has a unique rationale and other metrics to give you a comprehensive picture of the smallcase. They are as follows:
Index Value: Every smallcase's index starts from 100 on the inception date and represents the absolute returns generated by the smallcase since its inception. For Value & Momentum, an index value of 415.12 tells that it has generated a return of 315.12%, that is [(15.124-100)/100] since its inception.
To view the inception date of a smallcase, tap on the index value.
CAGR Value: The Compounded Annual Growth Rate for a smallcase represents the average annual returns since inception.
The CAGR is always calculated from the inception date to the present date. For eg, if you had invested in a smallcase whose CAGR is 32.07% on the inception date (say, Mar 3, 2014), on an average, your investment would have grown by 32.07% each year until the present date.
Rationale: Each smallcase has a sound rationale & reasoning for why it was created and why you should invest in it. This section gives you an idea on the kind of stocks that are included in a smallcase to aid you in assessing if a smallcase is the right fit for you. By clicking on Read more, you would be able
Minimum Amount: It suggests the minimum amount required to achieve the prescribed weighting scheme of the smallcase. To maintain prescribed weighting scheme of Value & Momentum smallcase, a minimum of ₹20,158.9 needs to be invested. This amount changes in real-time based on the current prices of the stocks in the smallcase
Past Perfomance of the smallcase:
You would be able to view the Past Performance of the smallcase for the duration such as 1 Month, 6 Months, 1 Year, 2 Year, 3 Year and 4 years. The returns that we shown are the historical returns based of the stocks presented in the smallcase which includes the rebalance updates as well as the losses incurred.
The SIP chart shows you the returns for the last 4 years on how your investment of Rs.100 every month to the smallcase would have given the returns for now.
You can also view the news associated with the smallcase and its constituents ie., stocks in the news field.
Finding a smallcase
You can find the smallcase that’s right for you on the Discover tab using various collections or by filtering & sorting through smallcases. To read more on this, you can refer to this help article on the Discover tab
You can also explore more smallcases at the bottom page of choosing any smallcase as in the below snip,