HDFC Small Cap Fund Direct Growth NAV at ₹148.39 on 23 October 2026; Declines 1.60%

Key Takeaways:

• HDFC Small Cap Fund Direct Growth recorded a NAV of ₹148.39 on 23 October 2026, declining 1.60% over the valuation day. 
• Historical returns stood at -8.66% over one year, 8.91% annualised over three years and 12.96% annualised over five years. 
• The fund managed ₹40,801 crore and carried a Direct Growth expense ratio of 0.79%, with minimum SIP and lump-sum investments of ₹100. 
• TREPS was the largest overall disclosed allocation at 10.03%, while Firstsource Solutions was the largest listed equity holding at 3.68%. 

HDFC Small Cap Fund Direct Growth recorded a NAV of ₹148.39 on 23 October 2026, down 1.60% during the valuation day. Its three-year CAGR stood at 8.91% on the refreshed primary card. 

The scheme's displayed historical return profile included a -8.66% one-year return, 8.91% three-year annualised return and 12.96% five-year annualised return. The five-year figure remained above the three-year return even as the latest one-year period was negative. 

Assets under management were reported at ₹40,801 crore, while the Direct Growth expense ratio stood at 0.79%. Both minimum SIP and minimum lump-sum investments were ₹100. 

The portfolio snapshot showed TREPS at 10.03%, making it the largest overall disclosed allocation. TREPS is a short-term money-market or liquidity position and should not be classified as an equity stock. Firstsource Solutions was the largest listed equity holding at 3.68%, followed by Aster DM Healthcare-related exposure at 3.37%, Gabriel India at 3.09% and eClerx Services at 2.92%. The five largest disclosed entries, including TREPS, represented approximately 23.09% of the portfolio. 

The scheme's latest disclosed risk ratios included an alpha of 6.86, standard deviation of 5.08, beta of 0.96 and Sharpe ratio of 0.34. Such measures describe past portfolio behaviour and should not be read as projections. 

As a predominantly small-cap strategy, the scheme can experience significant day-to-day NAV variability. The ₹148.39 NAV is nevertheless the exact value displayed for the 23 October valuation date rather than a carry-forward from a previous session. 

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