Tata Small Cap Fund Direct Growth NAV Edges Up to ₹45.82 on 22 September

Key Takeaways:

• Tata Small Cap Fund Direct Growth NAV edged 0.06% higher to ₹45.82 on 22 September 2026, leaving the scheme close to its previous valuation of ₹45.79. 
• The fund managed approximately ₹13,094 crore, with the Direct Growth expense ratio at 0.51%. 
• The minimum SIP stood at ₹100, while the minimum lump-sum investment was ₹5,000 in the latest available scheme information. 
• The scheme's small-cap mandate means its portfolio is predominantly invested in companies outside India's large- and mid-cap segments. 

Tata Small Cap Fund Direct Growth stood at ₹45.82 on 22 September 2026, edging 0.06% higher from the preceding valuation. The move was marginal, with the NAV remaining close to its ₹45.79 level recorded on 21 September. 

Assets under management stood at approximately ₹13,094 crore. The Direct Growth expense ratio was 0.51%. Investors could start a SIP at ₹100 according to the latest supporting information, while the minimum lump-sum investment stood at ₹5,000. 

The scheme belongs to the small-cap category, meaning its portfolio is required to maintain substantial exposure to companies classified outside the large- and mid-cap universes. This market-cap mandate provides useful context when comparing its NAV behaviour with funds concentrated in India's largest listed companies. 

The scheme also has a sufficiently long operating history for established multi-year performance periods to be assessed. Those longer windows should remain distinct from the latest daily movement. A 0.06% NAV rise covers one valuation interval; a three- or five-year CAGR compounds performance over an entirely different time horizon. 

Fund size and expense ratio offer additional context but should also be interpreted independently. AUM measures the assets managed by the scheme at the relevant reporting snapshot, whereas the expense ratio describes recurring scheme expenses. Neither determines the direction of subsequent NAV movements. 

The ₹45.82 figure is therefore the central exact-date data point for 22 September, supported by the scheme's category, scale, costs and investment thresholds rather than by unsupported assumptions about future performance. 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.