Tata Small Cap Fund edges 0.11% higher to ₹45.30; five-year return exceeds three-year by 4.11 points

Key Takeaways 

• Tata Small Cap Fund Direct Growth gained 0.11% on 8 September 2026 and closed at an NAV of ₹45.30. 
• The five-year annualised return was 16.01%, exceeding the three-year figure of 11.90% by 4.11 percentage points. 
• Kirloskar Pneumatic, Usha Martin, Godrej Industries and IDFC First Bank together represented 17.53% of the disclosed equity positions listed among the largest allocations. 
• The minimum lump-sum investment was ₹5,000, or 50 times the ₹100 SIP minimum, while the Direct Growth expense ratio was 0.51%. 

Tata Small Cap Fund Direct Growth closed at ₹45.30 on 8 September 2026 after a 0.11% rise in NAV. Its one-year return was comparatively subdued at 0.40%, while the longer annualised periods were in double digits. 

The three-year annualised return came in at 11.90%. Over five years, the figure was 16.01%, leaving a difference of 4.11 percentage points in favour of the longer period. The five-year return was also 15.61 percentage points above the one-year reading, making the contrast between short and longer historical windows one of the clearer numerical features of this update. 

Net current assets and other items accounted for 6.71% of the disclosed allocation. Among the largest equity holdings, Kirloskar Pneumatic had a 4.90% weight, Usha Martin 4.54%, Godrej Industries 4.10% and IDFC First Bank 3.99%. Those four stocks totalled 17.53%. Including net current assets and other items took the five listed entries to 24.24%. 

Fund size stood at ₹12,696 crore and the Direct Growth expense ratio was 0.51%. The minimum SIP was ₹100, whereas a lump-sum investment required at least ₹5,000. That 50-to-one difference between the two minimums is considerably wider than in funds where both entry amounts are identical. The exit load was 0.5% for redemption on or before 30 days and nil thereafter. 

The displayed risk statistics were an alpha of -2.32, beta of 0.87 and standard deviation of 5.75. The Sharpe ratio was 0.41. On 8 September itself, the daily NAV move was small and positive, while the larger differences appeared across the one-year, three-year and five-year return periods. 

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