Tata Small Cap Fund Direct Growth NAV at ₹40.61 on 23 October 2026; Falls 2.23%

Key Takeaways:

• Tata Small Cap Fund Direct Growth recorded a NAV of ₹40.61 on 23 October 2026 after declining 2.23% during the valuation day. 
• Historical returns stood at -8.70% over one year, 9.07% annualised over three years and 12.48% annualised over five years. 
• The scheme managed ₹13,214 crore and carried a Direct Growth expense ratio of 0.51%. 
• Sudarshan Chemical Industries was the largest disclosed holding at 4.54%, followed by Usha Martin at 4.38%. 

Tata Small Cap Fund Direct Growth recorded a NAV of ₹40.61 on 23 October 2026, declining 2.23% during the valuation day. Its three-year CAGR stood at 9.07%, according to the refreshed main NAV card. 

Historical performance on the same scheme page showed a -8.70% one-year return, 9.07% three-year annualised return and 12.48% five-year annualised return. The latest one-year period was therefore weaker than the longer return windows. 

The scheme managed ₹13,214 crore, and its Direct Growth expense ratio was 0.51%. A minimum SIP of ₹100 was displayed, while the minimum lump-sum investment was ₹5,000. 

Portfolio concentration among the largest disclosed holdings was moderate. Sudarshan Chemical Industries represented 4.54%, Usha Martin 4.38%, Kirloskar Pneumatic 4.30%, Tega Industries 4.15% and IDFC First Bank 3.68%. These five holdings together accounted for around 21.05% of the portfolio snapshot. The disclosed risk statistics included an alpha of -0.72, standard deviation of 5.75, beta of 0.86 and Sharpe ratio of 0.41. 

Tata Small Cap Fund's investment objective centres on long-term capital appreciation through predominantly small-cap equity and equity-related instruments. Small-cap shares can experience sharper short-term repricing because of changes in liquidity, earnings expectations or market sentiment. The 2.23% daily NAV decline is therefore a single-date observation rather than a measure of the scheme's longer-term performance. 

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