Nippon India Small Cap Fund Direct Growth NAV Edges Up to ₹204.62 on 16 September; 5-Year CAGR at 18.18%

Key Takeaways

• The NAV edged 0.05% higher to ₹204.62 on 16 September 2026.
• Historical returns stood at 6.30% over one year, 14.28% annualised over three years and 18.18% over five years.
• TREPS represented 2.59% of assets and was the largest disclosed portfolio entry; BHEL was the largest listed equity position at 1.85%.
• The scheme managed approximately ₹82,580 crore, with a Direct Growth expense ratio of 0.69%.

Nippon India Small Cap Fund Direct Growth NAV stood at ₹204.62 on 16 September 2026, registering a marginal one-day increase of 0.05%. The three-year CAGR was 14.28%. Fund size stood at approximately ₹82,580 crore, and the Direct Growth expense ratio was 0.69%. The minimum SIP was ₹100, compared with a ₹5,000 minimum lump-sum investment.

Across the reported return periods, the one-year figure was 6.30%. The three-year annualised return came in at 14.28%, followed by 18.18% over five years. That placed the five-year CAGR 11.88 percentage points above the latest one-year return and 3.90 percentage points above the three-year figure.

TREPS was the largest disclosed portfolio allocation at 2.59%, but it should not be treated as an equity holding. BHEL was the largest listed equity position at 1.85%, followed by TD Power Systems at 1.82%, Apar Industries at 1.73% and HDFC Bank at 1.71%. The five disclosed entries, including TREPS, together represented 9.70% of the portfolio.

The scheme's historical risk statistics included beta of 0.86, alpha of 1.31, standard deviation of 5.53 and a Sharpe ratio of 0.61. These figures describe historical behaviour over the measurement framework used for the calculations and do not imply a future level of NAV volatility or returns.

Small-cap schemes predominantly invest in companies outside the large- and mid-cap universe. In this case, the relatively small weights of the individually disclosed leading positions are notable numerically: even after including TREPS, the five largest disclosed entries accounted for less than one-tenth of the portfolio.