HDFC Small Cap Fund Direct Growth NAV Rises to ₹158.91 on 17 September; 5-Year CAGR at 14.58%

Key Takeaways

• HDFC Small Cap Fund Direct Growth NAV rose 0.56% to ₹158.91 on 17 September 2026. The scheme's latest three-year CAGR stood at 10.35%. 
• The fund recorded a one-year return of -3.65%, compared with three- and five-year CAGRs of 10.35% and 14.58%. The five-year figure was 18.23 percentage points above the latest one-year return. 
• TREPS represented the largest disclosed allocation at 10.25%, while Firstsource Solutions was the largest listed equity position at 3.71%. The five largest disclosed entries accounted for 23.86%. 
• The scheme managed approximately ₹41,891 crore and carried a Direct Growth expense ratio of 0.75%. Minimum SIP and lump-sum investments were ₹100 each. 

HDFC Small Cap Fund Direct Growth NAV increased 0.56% to ₹158.91 on 17 September 2026. Its three-year CAGR stood at 10.35%. The scheme managed approximately ₹41,891 crore and carried a Direct Growth expense ratio of 0.75%. The minimum SIP and minimum lump-sum investment were both ₹100. 

The latest one-year return was -3.65%. Across three years, the annualised return stood at 10.35%, rising further to 14.58% over five years. The five-year CAGR exceeded the one-year return by 18.23 percentage points. It also stood 4.23 percentage points above the three-year CAGR. 

TREPS was the largest disclosed overall allocation at 10.25%. Among listed equities, Firstsource Solutions led at 3.71%, followed by Aster DM Quality Care at 3.56%, Gabriel India at 3.25% and eClerx Services at 3.09%. Including TREPS, these five disclosed positions accounted for 23.86% of assets. 

Historical beta stood at 0.98 and standard deviation at 5.04. Alpha was 5.74, while the Sharpe ratio came in at 0.41. These metrics describe historical portfolio behaviour rather than providing a forecast. 

The scheme predominantly invests in small-cap companies. One of the more distinctive portfolio features was the size of TREPS relative to the leading equity positions: at 10.25%, it was almost three times the weight of Firstsource Solutions. The remaining 76.14% of assets were spread across other holdings and portfolio components. 

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