Nippon India Small Cap Fund Direct Growth NAV Gains 1.40% to ₹209.3568 on 18 September; 3-Year Return at 15.41% Nippon India Small Cap Fund Direct Growth NAV Gains 1.40% to ₹209.3568 on 18 September; 3-Year Return at 15.41%

Key Takeaways

• Nippon India Small Cap Fund Direct Growth NAV was ₹209.3568 on 18 September 2026, up 1.40% for the day.
• Its latest three-year annualised return came in at 15.41%.
• The scheme had previously reported assets of roughly ₹82,580 crore.
• TREPS was among its largest disclosed allocations, so cash-related exposure should be distinguished from listed equity holdings.

Nippon India Small Cap Fund Direct Growth NAV advanced 1.40% to ₹209.3568 on 18 September 2026. The move was materially larger than the sub-1% daily changes recorded by several large- and flexi-cap schemes in the same valuation set. The latest three-year annualised return stood at 15.41%.

The scheme belongs to the small-cap category, which predominantly invests outside the large- and mid-cap universe. Such portfolios can exhibit wider day-to-day price movements because smaller listed businesses often experience higher share-price variability and lower trading liquidity than the largest companies.

Recent supporting scheme data placed assets under management at roughly ₹82,580 crore. The portfolio also included TREPS among the leading disclosed allocations. TREPS represents a cash-management or short-term money-market position and should not be described as an equity stock. Earlier disclosed holdings included BHEL, TD Power Systems, Apar Industries and HDFC Bank alongside the TREPS allocation.

The difference between a daily NAV move and an annualised return is particularly relevant for small-cap funds. The 1.40% rise on 18 September captures only one valuation interval. The 15.41% three-year CAGR reflects the compounded annual rate across a much longer period and incorporates both positive and negative market phases during that window.

For publication purposes, ₹209.3568 is the verified 18 September NAV. Supporting portfolio and AUM figures may come from the latest available scheme snapshot and should not be interpreted as being measured specifically on the NAV valuation date.