SBI Small Cap Fund Direct Growth NAV Drops to ₹211.17 on 15 September; 5-Year CAGR at 14.78%

Key Takeaways

• SBI Small Cap Fund Direct Growth NAV fell 2.09% to ₹211.17 on 15 September 2026.
• The fund recorded an 8.39% one-year return, an 11.63% three-year CAGR and a 14.78% five-year CAGR.
• Assets under management stood at approximately ₹42,631 crore and the Direct Growth expense ratio was 0.78%.
• TREPS accounted for 10.95%, while Ather Energy was the largest listed equity holding at 4.71%.

SBI Small Cap Fund Direct Growth NAV declined 2.09% to ₹211.17 on 15 September 2026. Its one-year historical return stood at 8.39%. Across three years, the annualised return was 11.63%, placing the medium-term figure 3.24 percentage points above the shorter trailing return.

The five-year CAGR came in at 14.78%. That exceeded the three-year return by 3.15 percentage points and the latest one-year return by 6.39 percentage points. These measurements begin from different historical NAVs, meaning the relationship between them reflects separate market windows rather than a fixed progression in annual performance.

Fund size stood at approximately ₹42,631 crore and the Direct Growth expense ratio was 0.78%. The minimum SIP amount was ₹500, whereas the minimum lump-sum investment stood at ₹5,000.

TREPS was the largest disclosed portfolio allocation at 10.95%, but it is a money-market exposure rather than an equity holding. Ather Energy was the largest disclosed stock position at 4.71%, followed by Navin Fluorine International at 3.32%. City Union Bank and Sundram Fasteners each represented 2.82%. Including TREPS, those five entries together accounted for 24.62%.

Historical risk statistics included beta of 0.95 and standard deviation of 5.02. Alpha stood at 7.31, with the Sharpe ratio at 0.50. Exit load was listed at 1% for units redeemed or switched out within one year of allotment and nil thereafter. The risk measures are backward-looking and do not determine subsequent NAV movement.