SBI Small Cap Fund Direct Growth NAV Little Changed at ₹211.27 on 16 September; 5-Year CAGR at 13.90%

Key Takeaways

• SBI Small Cap Fund Direct Growth NAV edged 0.04% higher to ₹211.27 on 16 September 2026.
• Returns stood at 5.01% over one year, 11.29% annualised over three years and 13.90% over five years.
• TREPS accounted for 10.95% of assets, with Ather Energy the largest disclosed equity holding at 4.71%.
• Fund size was approximately ₹42,631 crore and the Direct Growth expense ratio stood at 0.78%.

SBI Small Cap Fund Direct Growth NAV was ₹211.27 on 16 September 2026, only 0.04% above the previous valuation. Its three-year CAGR stood at 11.29%. The scheme managed approximately ₹42,631 crore, with a Direct Growth expense ratio of 0.78%. Minimum investments were ₹500 through SIP and ₹5,000 as a lump sum.

The latest one-year return was 5.01%. Across three years, the annualised figure rose to 11.29%, and over five years it stood at 13.90%. The five-year CAGR was therefore 8.89 percentage points above the one-year return. The difference between the five- and three-year annualised figures was narrower at 2.61 percentage points.

TREPS occupied 10.95% of the portfolio and was the largest disclosed overall allocation. Among listed equities, Ather Energy was the largest position at 4.71%, followed by Navin Fluorine International at 3.32%. City Union Bank and Sundram Fasteners each represented 2.82%. Including TREPS, these five disclosed allocations totalled 24.62%.

Historical risk data placed beta at 0.95 and standard deviation at 5.02. Alpha was 7.31, while the Sharpe ratio stood at 0.50. Such measures are calculated from past observations and should be read as historical statistics rather than indicators of a particular future NAV outcome.

As a small-cap scheme, the portfolio predominantly targets companies outside the large- and mid-cap universe. The latest holdings data also show why cash-related positions need to be separated from stocks: TREPS represented more than twice the weight of the largest disclosed individual equity holding.