Diversified bets yield big payoffs: Samir Rachh of Nippon Life India MF

Samir Rachh outperforms peers despite fund's size constraints

Fund manager Samir Rachh manages the country’s largest small-cap scheme: Nippon India Small Cap. His fund has beaten the index and most of the peers, and delivered better risk-adjusted returns, which is a key reason for Rachh winning the Business Standard Fund Manager of the Year award in the Mid-and Small-Cap Equity category. No small feat considering the fund had assets of over Rs 17,000 crore (as of September 2021; average one-year assets of Rs 13,255 crore), a size which could put limitations on running a concentrated portfolio.  

The fund returned 92.4 per cent for the year ended September 30,