Stress test results for top 10 small-cap investment trusts

As directed by SEBI, mutual funds have shared stress test reports on the ability of small and mid-cap funds to cope with sudden redemptions. Check out the stress results for the top 10 small-cap funds. This shows how quickly the fund can liquidate 25 percent and 50 percent of its holdings.

Nippon Fund, the largest small-cap fund by total assets under management (Rs 46,044 crore), takes 13 days to liquidate 25% of its holdings and 27 days to sell 50%.

HDFC Small Cap Fund takes 21 days to liquidate 25% of its holdings and 42 days to liquidate 50%.

SBI Small Cap Fund takes 30 days to liquidate 25% of its holdings and 60 days to liquidate 50%.

Axis’ small-cap fund takes 14 days to liquidate 25% of its holdings and 28 days to liquidate 50%.

A quantitative small-cap fund takes 11 days to liquidate 25% of its holdings and 22 days to liquidate 50%.

Kotak Small Cap Fund takes 17 days to liquidate 25% of its holdings and 33 days to liquidate 50%.

The HSBC Small Cap Fund takes 7.25 days to liquidate 25% of its holdings and 14.5 days to liquidate 50%.

DSP Small Cap Fund takes 16 days to liquidate 25% of its holdings and 32 days to liquidate 50%.

Franklin India SME Fund takes six days to liquidate 25% of its holdings and 12 days to liquidate 50%.

Canara Robeco Small Cap Fund takes 6.75 days to liquidate 25% of its holdings and 13.5 days to liquidate 50%.