HDFC Small Cap Fund
The scheme seeks to provide long-term capital appreciation /income by investing predominantly in Small-Cap companies.
Growthvine rating: 3/5 — ranked #11 of 37 in category.
Fund basics
| Category | Equity: Small Cap |
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| NAV | ₹134.98 (as of 2026-10-01) |
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| AUM | ₹41,891 Cr |
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| Expense ratio | 1.28% |
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| Riskometer | Very High |
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| Fund manager | Chirag Setalvad |
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| Exit load | 1% for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 12.84% |
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| Sharpe ratio | 0.33 |
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| Standard deviation | 17.45% |
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| Max drawdown | −49.49% |
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| Alpha | -1.77 |
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| Beta | 0.78 |
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Over 5 years, captured 79.8% of NIFTY Smallcap 250's upside and 72.9% of its downside.
Market cap allocation
| Large cap | 7.5% |
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| Mid cap | 10.9% |
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| Small cap | 81.6% |
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Concentration
| Top 5 holdings | 16.3% |
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| Top 10 holdings | 26.0% |
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| Total holdings | 85 |
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| Index overlap | 12.1% |
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| Active share | 87.9% |
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Top holdings
- TREPS - Tri-party Repo — 10.3%
- Firstsource Solutions Ltd. — 3.7%
- Aster DM Healthcare Limited — 3.6%
- Gabriel India Ltd. — 3.3%
- eClerx Services Limited — 3.1%
- Bank Of Baroda — 2.7%
- Indian Bank — 2.1%
- Krishna Institute of Medical Sciences Limited — 2.0%
- Eris Lifesciences Limited — 2.0%
- Apar Industries Ltd — 1.9%
Top sectors
- Automobile — 11.9%
- Cash — 10.4%
- Banking & Financial — 10.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −2.4% | Q4 (Bottom) | #34 of 34 |
| 2025 | −0.6% | Q1 (Top) | #5 of 30 |
| 2024 | 20.4% | Q4 (Bottom) | #24 of 28 |
| 2023 | 44.8% | Q2 | #10 of 24 |
| 2022 | 4.6% | Q2 | #7 of 22 |