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 547.27 tells that it has generated a return of 447.27%, that is [(547.27-100)/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 48% on the inception date (say, Mar 3, 2014), on an average, your investment would have grown by 48% each year until the present date.
Past 1Y return: The 1 year return shows the historical returns generated by smallcase in the respective time period. The above image shows that Value & Momentum has generated a return of 25.62 % in the last one year
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
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
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.
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