December 25, 2025
RA Jainee
Nippon India Small Cap Fund
| Fund at a Glance | |
| NAV Growth | Rs 187.05 |
| NAV Bonus | Rs 187.05 |
| NAV IDCW | Rs 102.71 |
| Min. Investment (Rs.) | 5000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 60 |
| Benchmark | NIFTY Smallcap 250 TRI |
| AUM Rs. | 68,572 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.63% |
| 1 Year Return (%) | -4.25 |
| 3 Year Return (%) | 22.87 |
| 5 Year Return (%) | 29.53 |
| 10 Year Return (%) | 20.90 |
| Return Since Launch | 24.39% |
⚖️ Sahifund Review – Nippon India Small Cap Fund
PLUS: Stability, track record, cost efficiency
Nippon India Small Cap Fund has delivered exceptional long-term wealth creation, with 5-year (29.53%) and 10-year (20.90%) returns among the best in the small-cap category. A highly diversified portfolio of 230+ stocks limits single-stock risk and helps navigate small-cap volatility better than concentrated peers. The fund’s disciplined bottom-up approach has worked well across cycles, reflected in strong category rankings over longer horizons. Expense ratio of 0.63% is reasonable for an actively managed small-cap fund of this scale, supporting long-term compounding. For patient SIP investors, the fund has rewarded discipline handsomely.
MINUS: Large AUM, large-cap bias, momentum lag
The fund’s very large AUM (Rs. 68,572 Cr) can restrict agility in the small-cap space, where liquidity is crucial. Short-term performance can be weak, as seen in the 1-year return of -4.25%, which may test investor patience. Small-cap cycles are inherently volatile, and drawdowns can be sharp during market corrections. Portfolio valuations remain elevated (P/E ~29.5x), which could limit near-term upside.
Sahifund View (Decisive Line):
An excellent core long-term SIP fund for high-risk investors with a 7+ year horizon—avoid if you cannot tolerate sharp interim losses or expect short-term consistency.
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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 by investing predominantly in equity and equity related instruments of small cap companies.
Fund Manager:
1) Samir Rachh
Education: Mr. Racch is a B.Com (H) from V.G.Vaze College, Mumbai.
Experience: Prior to joining Nippon India Mutual Fund he has worked in Hinduja Finance, Emkay Research and Anvicon Research.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 60 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
Basic Details of Nippon India Small Cap Fund
| Fund House | Nippon India Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 24.39% |
| Benchmark | NIFTY Smallcap 250 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 68,572 Cr |
| (As on 30-Nov-2025) | |
| Expense | 0.63% |
| (As on 30-Nov-2025) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 12.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Nippon India Small Cap Dir | -4.00 | 0.95 | -1.00 | -2.78 | 0.32 | -4.25 | 22.87 | 29.53 | 23.74 | 20.90 |
| BSE 250 SmallCap TRI | -5.54 | 0.80 | -0.95 | -4.04 | -1.37 | -5.12 | 20.75 | 23.82 | 18.23 | 14.98 |
| Equity: Small Cap | -4.36 | 0.99 | -0.84 | -3.18 | 0.06 | -4.39 | 21.52 | 25.62 | 21.15 | 17.53 |
| Rank within category | 23 | 36 | 36 | 21 | 21 | 23 | 7 | 2 | 3 | 1 |
| Number of funds in category | 43 | 52 | 49 | 49 | 46 | 43 | 31 | 23 | 16 | 12 |
Peer Comparison of Nippon India 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 (%) | |
| Nippon India Small Cap Dir | 4 star | -4.25 | 22.87 | 29.53 | 0.63 | 68,572 | 24.39 | 1.00 (365) | 12Y 11M | 12.00 |
| HDFC Small Cap Dir | 4 star | 1.02 | 22.45 | 27.37 | 0.67 | 38,020 | 19.40 | 1.00 (365) | 12Y 11M | 9.49 |
| Quant Small Cap Dir | 4 star | -1.47 | 22.84 | 32.12 | 0.75 | 30,170 | 17.47 | 1.00 (365) | 12Y 11M | 151.00 |
| Bandhan Small Cap Dir | 5 star | 0.46 | 31.90 | 28.89 | 0.42 | 18,174 | 32.29 | 1.00 (365) | 5Y 9M | 25.00 |
| Franklin India Small Cap Dir | 4 star | -6.72 | 21.60 | 25.28 | 0.92 | 13,529 | 20.24 | 1.00 (365) | 12Y 11M | 25.46 |
Portfolio Analysis of Nippon India Small Cap Fund
| No. of Stocks | 235 |
| Top 10 Stocks | 14.53% |
| Top 5 Stocks | 8.78% |
| Top 3 Sectors | 52.28% |
| Portfolio P/B Ratio | 3.78 |
| Portfolio P/E Ratio | 29.46 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 25,560 | 19,653 |
| Giant (%) | 11.39 | 6.73 |
| Large (%) | 6.86 | 6.19 |
| Mid (%) | 47.84 | 64.67 |
| Small (%) | 33.85 | 29.82 |
| Tiny (%) | 0.05 | 0.33 |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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