Nippon India Small Cap Fund Direct Growth NAV Reaches ₹209.5159 on 21 September; Three-Year CAGR at 16.05%

Key Takeaways

• Nippon India Small Cap Fund Direct Growth NAV edged up 0.08% to ₹209.5159 on 21 September 2026.
• The three-year annualised return stood at 16.05%, with assets of approximately ₹82,580 crore.
• BHEL, TD Power Systems, Apar Industries, HDFC Bank and Karur Vysya Bank together represented 8.45% of the latest disclosed portfolio snapshot.

Nippon India Small Cap Fund Direct Growth recorded an NAV of ₹209.5159 on 21 September 2026. The NAV was 0.08% higher for the day, keeping the movement marginal. The scheme's three-year annualised return stood at 16.05%, and its latest fund size was approximately ₹82,580 crore.

The Direct Plan's base expense ratio was 0.51%. The minimum lump-sum investment was ₹5,000, whereas SIPs could be started from ₹100. The disclosed exit-load schedule was 1% for redemptions within 365 days. These figures relate to the scheme's current operating terms and can be read separately from the daily NAV movement.

Portfolio weights were spread across a broad set of holdings. BHEL accounted for 1.85%, TD Power Systems for 1.82%, Apar Industries for 1.73%, HDFC Bank for 1.71% and Karur Vysya Bank for 1.34%. Their combined weight was 8.45%, which left 91.55% across the rest of the disclosed portfolio and other components. No single member of this five-stock group exceeded a 2% weight.

The scheme was launched in January 2013, giving it a history of more than a decade. Its latest available five-year annualised return was 19.25%, compared with 16.05% over the three-year period cited for the 21 September fund card. The difference between those annualised figures was 3.20 percentage points, reflecting the different market periods captured by each measurement window.

As a small-cap fund, the scheme invests predominantly in companies outside the large- and mid-cap universe under applicable category rules. Daily NAV changes therefore sit alongside a portfolio whose underlying securities can differ materially in size and business profile, making period-specific return and allocation data more useful than viewing a single NAV level in isolation.