Nippon India Small Cap Fund Direct Growth NAV Declines to ₹209.44 on 10 September; 5-Year CAGR at 19.22%

Key Takeaways

• Nippon India Small Cap Fund Direct Growth NAV declined 0.26% to ₹209.44 on 10 September 2026.
• Historical returns stood at 10.03% over one year, 14.73% annualised over three years and 19.22% over five years.
• The scheme managed approximately ₹78,957 crore, with the Direct Growth expense ratio at 0.69%.
• TREPS was the largest disclosed allocation at 2.59%, whereas BHEL was the largest listed equity holding at 1.85%.

Nippon India Small Cap Fund Direct Growth NAV declined 0.26% to ₹209.44 on 10 September 2026. The fund's latest one-year return stood at 10.03%. Its three-year CAGR was higher at 14.73%, creating a 4.70 percentage-point difference between the two measurement periods.

Extend the period to five years and the annualised return rises to 19.22%. That was 4.49 percentage points above the three-year CAGR and 9.19 percentage points higher than the latest one-year return. The three trailing periods start from different historical NAV levels, so the variation between them reflects separate market windows rather than a uniform progression in annual performance.

The scheme managed approximately ₹78,957 crore and carried a Direct Growth expense ratio of 0.69%. Minimum SIP investment stood at ₹100, compared with ₹5,000 for a minimum lump-sum investment. The fund has an operating history of around 13 years, allowing three-year and five-year performance to be measured across completed periods.

TREPS formed the largest disclosed portfolio allocation at 2.59%, but it is a money-market exposure rather than an equity stock. BHEL was the largest listed equity holding at 1.85%. TD Power Systems accounted for 1.82%, Apar Industries 1.73% and HDFC Bank 1.71%. Including TREPS, these five entries represented 9.70% of the disclosed portfolio, leaving 90.30% across other holdings and portfolio components.

The latest historical risk statistics showed beta at 0.86 and standard deviation at 5.53. Alpha stood at 1.31, with the Sharpe ratio at 0.61. Exit load was listed at 1% for units redeemed or switched out on or before completing one year from allotment, followed by nil exit load after one year. These figures provide additional historical context alongside the NAV and return record without determining future fund performance.