Nippon India Small Cap Fund Direct Growth NAV at ₹195.4973 on 2 November 2026; 3-Year Return at 13.18%

Key Takeaways

• Nippon India Small Cap Fund Direct Growth recorded a NAV of ₹195.4973 on 2 November 2026, gaining 1.42% over the valuation day.
• The Direct Plan showed a three-year historical return of 13.18%, with assets under management of approximately ₹80,906 crore.
• The latest fund snapshot displayed a Direct Plan expense ratio of 0.53% and a minimum SIP amount of ₹100.
• TREPS represented 2.68% of the disclosed portfolio, while TD Power Systems was the largest listed equity position at 1.88%.

Nippon India Small Cap Fund Direct Growth reached a NAV of ₹195.4973 on 2 November 2026, with the valuation increasing 1.42% for the day. The exact-date Direct Plan record showed a three-year historical return of 13.18%. Assets under management were approximately ₹80,906 crore, reflecting the scale of the portfolio within the small-cap fund category.

The Direct Plan expense ratio was displayed at 0.53%, while the minimum SIP amount was ₹100. Small-cap strategies generally maintain substantial exposure to companies outside the large- and mid-cap segments, which can lead to different liquidity and price behaviour compared with portfolios dominated by larger companies.

The disclosed portfolio also illustrates the scheme's relatively dispersed positioning. TREPS accounted for 2.68% of the portfolio. TREPS is a short-term money-market and liquidity exposure rather than a listed equity company and therefore should be interpreted separately from stock holdings.

TD Power Systems was the largest listed equity holding at 1.88%, followed by BHEL at 1.77%, HDFC Bank at 1.75% and Apar Industries at 1.74%. The relatively modest weights of the largest individual stocks indicate that the disclosed portfolio was spread across a large number of securities rather than concentrated in only a handful of companies.

The distinction between TREPS and company shares is important because portfolio disclosures often present both investment and liquidity positions together. The scheme's NAV, AUM, expense ratio and portfolio weights can all change over time as security prices move and the portfolio is adjusted.

The 1.42% daily NAV movement represents one valuation point and should not be interpreted as establishing the direction of future returns.

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