December 27, 2025
RA Jainee
Axis Small Cap Fund
| Fund at a Glance | |
| NAV Growth | Rs 122.22 |
| NAV Bonus | — |
| NAV IDCW | Rs 53.91 |
| Min. Investment (Rs.) | 100 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Smallcap 250 TRI |
| AUM Rs. | 26,769 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.56% |
| 1 Year Return (%) | -0.07 |
| 3 Year Return (%) | 20.82 |
| 5 Year Return (%) | 23.70 |
| 10 Year Return (%) | 19.37 |
| Return Since Launch | 23.03% |
⚖️ Sahifund Review – Axis Small Cap Fund
PLUS: Stability | Track record | Cost efficiency
Axis Small Cap Fund has delivered a strong long-term wealth creation track record, with ~23% returns since launch despite cycles. The fund follows a well-diversified approach with 140+ stocks, reducing single-stock risk in the volatile small-cap space. Low expense ratio of 0.56% supports better compounding over long holding periods. Portfolio construction focuses on quality businesses with balance-sheet strength, lending relative downside resilience. Over 7–10 years, it has comfortably beaten the small-cap benchmark, validating its disciplined style.
MINUS: Large AUM | Momentum lag | Near-term underperformance
A large AUM of ~Rs. 27,000 crore can restrict agility in micro opportunities. Short-term returns have been muted and lag peers during sharp rallies. Valuations (P/E ~33x) leave limited margin for error in overheated phases. Investors must tolerate extended drawdowns and patience-testing periods.
Sahifund View (Decisive Line):
Best suited for disciplined SIP investors with 7–10 year horizon who want a relatively stable small-cap fund rather than aggressive momentum chasing.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in smaller companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies.
Fund Manager:
1) Mayank Hyanki
Education: Mr. Hyanki has done B.Tech and PGDM, Finance
Experience: Prior to joining Axis Mutual Fund, he has worked with Reliance, Birla Sun Life Asset Management Company Ltd and ING Investment Management (I) Pvt Ltd
2) Tejas Sheth
Education: Mr. Sheth has done PG Diploma in Management.
Experience: Prior to joining Axis Mutual Fund he has worked with Nippon India Mutual Fund, Emkay Global Financial Services Ltd., Fortune Financial Pvt. Ltd. and Darashaw & Co. Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of Axis Small Cap Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 29-Nov-13 |
| Return Since Launch | 23.03% |
| Benchmark | NIFTY Smallcap 250 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 26,769 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.56% |
| (As on 30-Nov-2025) | |
| Risk Grade | Low |
| Return Grade | Below Average |
| Turnover | 33.00% |
Trailing Returns (%) of Axis Small Cap Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Small Cap Dir | -0.47 | -0.18 | -0.19 | -1.51 | -0.11 | -0.07 | 20.82 | 23.70 | 23.34 | 19.37 |
| BSE 250 SmallCap TRI | -5.13 | 0.01 | 0.00 | -2.71 | -2.36 | -4.72 | 22.69 | 23.05 | 18.49 | 14.94 |
| Equity: Small Cap | -4.30 | -0.12 | -0.24 | -2.16 | -1.06 | -4.19 | 22.91 | 24.72 | 21.27 | 17.40 |
| Rank within category | 8 | 31 | 30 | 19 | 18 | 8 | 22 | 16 | 4 | 2 |
| Number of funds in category | 43 | 52 | 49 | 49 | 46 | 43 | 31 | 24 | 16 | 12 |
Peer Comparison of Axis Small Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Axis Small Cap Dir | 3 star | -0.07 | 20.82 | 23.70 | 0.56 | 26,769 | 23.03 | 1.00 (365) | 12Y | 33.00 |
| Nippon India Small Cap Dir | 4 star | -4.09 | 24.22 | 28.74 | 0.63 | 68,572 | 24.36 | 1.00 (365) | 12Y 11M | 12.00 |
| HDFC Small Cap Dir | 4 star | 1.18 | 23.87 | 26.34 | 0.67 | 38,020 | 19.37 | 1.00 (365) | 12Y 11M | 9.49 |
| Quant Small Cap Dir | 4 star | -1.76 | 24.77 | 31.27 | 0.75 | 30,170 | 17.45 | 1.00 (365) | 12Y 11M | 151.00 |
| Bandhan Small Cap Dir | 5 star | 0.63 | 33.30 | 27.86 | 0.42 | 18,174 | 32.24 | 1.00 (365) | 5Y 10M | 25.00 |
Portfolio Analysis of Axis Small Cap Fund
| No. of Stocks | 142 |
| Top 10 Stocks | 20.68% |
| Top 5 Stocks | 11.86% |
| Top 3 Sectors | 52.39% |
| Portfolio P/B Ratio | 4.23 |
| Portfolio P/E Ratio | 32.65 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 22,535 | 19,653 |
| Giant (%) | 4.05 | 6.73 |
| Large (%) | 6.12 | 6.19 |
| Mid (%) | 62.25 | 64.67 |
| Small (%) | 27.58 | 29.82 |
| Tiny (%) | — | 0.33 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Apply Online: https://www.axismf.com/Online/Login OR https://www.axismf.com/mutual-funds
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