Nippon India Small Cap Fund Direct Growth NAV Falls to ₹204.51 on 15 September; 5-Year CAGR at 19.22%

Key Takeaways

• Nippon India Small Cap Fund Direct Growth NAV fell 2.38% to ₹204.51 on 15 September 2026.
• Historical returns stood at 10.05% over one year, 14.44% annualised over three years and 19.22% over five years.
• The scheme managed approximately ₹82,580 crore and carried a Direct Growth expense ratio of 0.69%.
• TREPS was the largest disclosed allocation at 2.59%, while BHEL was the largest listed equity holding at 1.85%.

Nippon India Small Cap Fund Direct Growth NAV declined 2.38% to ₹204.51 on 15 September 2026. The one-year return stood at 10.05%, whereas the three-year CAGR came in at 14.44%. The difference between those two historical periods was 4.39 percentage points.

Across five years, the annualised return stood at 19.22%. That was 4.78 percentage points above the three-year CAGR and 9.17 percentage points above the latest one-year return. The separate return windows begin from different historical NAV levels, so the figures reflect distinct market periods rather than a uniform year-by-year return.

Assets under management stood at approximately ₹82,580 crore and the Direct Growth expense ratio was 0.69%. Minimum SIP investment was ₹100, compared with ₹5,000 for a minimum lump-sum investment. The fund's longer operating history means both three-year and five-year trailing returns can be measured across completed periods.

TREPS formed the largest disclosed portfolio allocation at 2.59%, although 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 for 1.73% and HDFC Bank for 1.71%. Including TREPS, the five entries together represented 9.70% of the disclosed portfolio.

Historical risk statistics included beta of 0.86 and standard deviation of 5.53. Alpha stood at 1.31 and the Sharpe ratio at 0.61. The exit-load provision lists a 1% charge for units redeemed or switched out on or before completing one year from allotment, followed by nil exit load thereafter.