Nippon India Small Cap Fund Direct Growth NAV Gains to ₹206.47 on 17 September; 5-Year CAGR at 18.53%

Key Takeaways

• Nippon India Small Cap Fund Direct Growth NAV increased 0.91% to ₹206.47 on 17 September 2026. This was one of the larger daily NAV movements among the small-cap schemes in the batch.
• The fund's one-year return stood at 6.72%, compared with a three-year CAGR of 14.61% and five-year CAGR of 18.53%. The five-year annualised figure exceeded the latest one-year return by 11.81 percentage points.
• TREPS was the largest disclosed overall allocation at 2.59%, whereas BHEL was the largest listed equity holding at 1.85%. The five leading disclosed entries, including TREPS, represented only 9.70% of the portfolio.
• The scheme managed approximately ₹82,580 crore and had a Direct Growth expense ratio of 0.69%. Minimum SIP and lump-sum investments were ₹100 and ₹5,000, respectively.

Nippon India Small Cap Fund Direct Growth NAV rose 0.91% to ₹206.47 on 17 September 2026. Its latest three-year CAGR stood at 14.61%. Fund size was approximately ₹82,580 crore and the Direct Growth expense ratio was 0.69%. The minimum SIP stood at ₹100, while a lump-sum investment required at least ₹5,000.

Historical returns increased as the measurement period lengthened. The latest one-year return was 6.72%. Across three years, the fund generated an annualised return of 14.61%, followed by an 18.53% CAGR over five years. The five-year result was 11.81 percentage points above the one-year return and 3.92 percentage points above the three-year CAGR.

TREPS was the largest disclosed overall portfolio allocation at 2.59%, but it is not an equity security. BHEL was the largest listed equity position at 1.85%. TD Power Systems followed at 1.82%, Apar Industries at 1.73% and HDFC Bank at 1.71%. Together with TREPS, these five disclosed entries represented 9.70% of the portfolio.

That relatively small top-five share means more than 90% of assets sat outside the five largest disclosed entries. Historical risk statistics listed beta at 0.86 and standard deviation at 5.53. Alpha was 1.31 and the Sharpe ratio stood at 0.61. These measures are backward-looking and should not be treated as indicators of future NAV direction.

The fund falls within the small-cap category, where portfolios predominantly invest in companies outside the large- and mid-cap universe. Its latest holdings data show comparatively small individual position weights even among the leading disclosed entries.