HDFC Small Cap Fund Direct Growth NAV Declines to ₹157.60 on 15 September; 5-Year CAGR at 15.30%

Key Takeaways

• HDFC Small Cap Fund Direct Growth NAV declined 1.23% to ₹157.60 on 15 September 2026. 
• Its one-year return stood at -2.08%, compared with a 10.17% three-year CAGR and a 15.30% five-year CAGR. 
• The scheme managed approximately ₹41,891 crore and carried a 0.75% Direct Growth expense ratio. 
• TREPS represented 10.25%, with the five largest disclosed entries collectively accounting for 23.86%. 

HDFC Small Cap Fund Direct Growth declined 1.23% to ₹157.60 on 15 September 2026. The latest one-year return stood at -2.08%. Across three years, the annualised return was 10.17%, creating a 12.25-percentage-point difference between the latest one-year period and the medium-term historical record. 

The five-year CAGR stood at 15.30%, 5.13 percentage points above the three-year figure. Compared with the latest one-year return, the difference widened to 17.38 percentage points. Each return horizon starts from a different historical NAV, so the spread reflects the respective measurement windows rather than a constant annual performance rate. 

The scheme managed approximately ₹41,891 crore and had a Direct Growth expense ratio of 0.75%. Both the minimum SIP and minimum lump-sum investment were ₹100. 

TREPS was the largest disclosed allocation at 10.25%. Among listed equities, Firstsource Solutions held the largest weight at 3.71%, followed by Aster DM Healthcare at 3.56%, Gabriel India at 3.25% and eClerx Services at 3.09%. Including TREPS, the five largest disclosed entries accounted for 23.86%, leaving 76.14% across the rest of the portfolio. 

Historical risk readings included beta of 0.98 and standard deviation of 5.04. Alpha stood at 5.74, while the Sharpe ratio was 0.41. The exit-load provision lists a 1% charge for units redeemed or switched out within one year of allotment and nil thereafter. These backward-looking statistics do not determine subsequent NAV changes. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.