Tata Small Cap Fund Direct Growth NAV Rises 0.82% to ₹46.19 on 23 September; 5-Year CAGR at 16.02%

Key Takeaways:

• Tata Small Cap Fund Direct Growth recorded an NAV of ₹46.19 on 23 September 2026, an increase of 0.82% from the preceding valuation. 
• The latest one-year return was 0.85%, compared with a three-year CAGR of 13.57% and a five-year CAGR of 16.02%. The longer historical windows were therefore considerably stronger than the most recent year. 
• The five-year CAGR exceeded the three-year figure by 2.45 percentage points and the one-year return by 15.17 percentage points. 
• Assets under management stood at approximately ₹13,094 crore, and the Direct Growth expense ratio was 0.51%. The minimum SIP was ₹100, whereas the minimum lump-sum amount was ₹5,000. 

Tata Small Cap Fund Direct Growth increased 0.82% to ₹46.19 on 23 September 2026. The scheme's latest one-year return was 0.85%, considerably below its longer historical figures. Over three years, the CAGR stood at 13.57%; across five years, the annualised return was 16.02%. 

That puts the five-year CAGR 2.45 percentage points above the three-year figure and 15.17 percentage points above the latest one-year return. The divergence reflects the different periods captured by each calculation rather than a uniform rate earned throughout the full history. 

The scheme managed approximately ₹13,094 crore. Its Direct Growth expense ratio stood at 0.51%. The minimum SIP amount was ₹100, whereas the minimum lump-sum investment was ₹5,000, creating a sizeable difference between the two starting thresholds. 

Small-cap funds predominantly invest in companies outside the large- and mid-cap universes. Their return periods can therefore differ meaningfully depending on the market environment captured by each start date. In this case, the most recent one-year number remained close to flat on a positive basis, even though the longer annualised records were in double digits. 

The NAV's 0.82% daily increase on 23 September was a single valuation-day movement and should be kept distinct from the one-, three- and five-year performance measures. Fund size, expense ratio and investment minimums also describe different characteristics of the scheme. Reading them together provides a more complete numerical snapshot without treating any one metric as a forecast. 

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