SBI Small Cap Fund Direct Growth NAV Edges Up to ₹213.64 on 22 September

Key Takeaways

• SBI Small Cap Fund Direct Growth NAV edged 0.07% higher to ₹213.64 on 22 September 2026, leaving the scheme little changed from its previous valuation.
• Fund size stood at approximately ₹42,631 crore, with the Direct Growth expense ratio at 0.78%, minimum SIP at ₹500 and minimum lump-sum investment at ₹5,000.
• TREPS represented 10.95% in the recent portfolio snapshot and was the largest overall disclosed allocation, although it is a liquidity-management instrument rather than a stock.
• Ather Energy was the largest listed equity position at 4.71%, followed by Navin Fluorine International, City Union Bank and Sundram Fasteners.

SBI Small Cap Fund Direct Growth NAV stood at ₹213.64 on 22 September 2026, edging 0.07% higher from the previous valuation. The small daily change followed the ₹213.50 NAV recorded on 21 September and qualifies as a marginal movement rather than a substantial shift in the scheme's per-unit value.

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

The scheme belongs to the small-cap category and therefore invests predominantly in companies outside the large- and mid-cap segments. Recent portfolio data also contained a sizeable liquidity allocation. TREPS represented 10.95%, making it the largest disclosed portfolio entry in the snapshot. It is a cash-management instrument rather than an equity stock.

Ather Energy was the largest listed equity holding at 4.71%. Navin Fluorine International accounted for 3.32%, with City Union Bank and Sundram Fasteners at 2.82% each. Combined with TREPS, these five disclosed entries represented 24.62% of the portfolio. When considering equity concentration alone, however, TREPS needs to be excluded from the stock ranking.

The distinction between daily NAV movement and longer-period historical performance also matters. The 0.07% rise captures a single valuation interval. Multi-year annualised returns incorporate numerous market periods and starting valuations, making them structurally different measurements.

Portfolio composition, costs and the small-cap mandate provide useful factual context around the ₹213.64 NAV without implying how the scheme will perform subsequently.