Nippon India Small Cap Fund

Nippon India Small Cap Fund is a mutual fund offered by Nippon India Mutual Fund. It falls under the category of Small Cap funds. This fund invests in stocks of companies that are ranked 251st onwards in terms of full market capitalization. They are designed to provide investors exposure to small-sized companies.

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About Nippon India Small Cap Fund

Nippon India Small Cap Fund is a Small Cap fund. This fund was launched on 16 September, 2013 and has been in operation for 10 years. The  Assets Under Management (AUM) of Nippon India Small Cap Fund are ₹36,540 Crores as of 30th June 2023 and the current NAV is ₹138.54.

The returns of last 1 year are 36.94%. The Nippon India Small Cap Fund has consistently outperformed by delivering 26.73% average annual returns.

Highlights of Nippon India Small Cap Mutual Fund:

  • The minimum investment for Nippon India Small Cap Fund is ₹5000. 

  • The majority of the fund’s money invested in Capital Goods, Financial, Chemicals, Services, Consumer Staples Sectors, etc.

  • The top 5 holdings of the fund are in TI Financial Holdings Ltd., HDFC Bank Ltd., Apar Industries Ltd., KPIT Engineering Ltd., Grameen Financial Services Pvt Ltd.  

  • Nippon India Small Cap Fund is suitable for investors looking for long term wealth creation and aims to invest in equity and equity related instruments of small cap companies.

Key Information about Nippon India Small Cap Fund

Fund House Nippon India Mutual Fund
Date of Incorporation 16 September 2010
Total AUM ₹36,539.55 Cr
Fund Benchmark Nifty Small Cap 250 Total Return Index
NAV of the Fund ₹138.54
Expense Ratio 0.75%
Returns since inception 26.71% p.a.
Risk Level Very High
Investment Objective The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies.
Top Fund Managers Mr. Tejas Sheth - Tenure: Feb 2023 - Present
Mr. Damir Rachn - Tenure: Jan 2017 - Present

Performance of Nippon India Small Cap Fund 

Following is the performance of the fund over the years:

As on 11th September 2023 1 Year 3 Years 5 Years 10 Years
Trailing Returns 34.82% 46.53% 24.72% 31.53%
Category Average  26.12% 40.33% 22.05% 24.37%

What are the Top 10 Holdings of the Nippon India Small Cap Fund?

The top 10 holdings of the Nippon India Small Cap Fund as of September 11th, 2023 are:

Top Holdings Asset
Tube Investments Of India Ltd. 2.59%
HDFC Bank 1.82%
Apar Industries Ltd. 1.63%
KPIT Technologies  Ltd. 1.53%
CreditAccess Grameen Ltd. 1.52%
Voltamp Transformers Ltd. 1.37%
Tejas Networks 1.37%
B H E L 1.21%
Elantas Beck India Ltd. 1.21%
NIIT Learning Systems Ltd.  1.18%

What is the Equity Sector Allocation by Weightage?

Equity sector allocation by weightage is the percentage of a portfolio that is invested in each of the major equity sectors. The equity sector allocation for Nippon India Small Cap Fund by weightage as of 31st July, 2023 are:

Sector Weightage (%)
Industrial Products 10.01%
Banks 6.77%
Auto Components 6.50%
Electrical Equipment 6.07%
Construction 5.99%
Pharmaceuticals & Biotechnology 5.64%
Finance 5.08%
Consumer Durables 4.42%
Chemicals & Petrochemicals 4.40%
IT - Software 3.87%

It can be seen that Nippon India Small Cap Fund maintains an equity holding of 97.18%.

What is the Expense Ratio, Exit Load and Taxation of the Nippon India Small Cap Fund?

Category Percentage/Details
Expense Ratio 0.75% (Inclusive of GST)
Exit Load 1% (If redeemed within one month)
Stamp Duty 0.005% (from July 1st, 2020)


For Nippon India Small Cap Fund, the taxation policy is as follows:

  • Returns from the fund are subject to taxation at a rate of 15% if redeemed within one year.

  • If the redemption is made after one year, Long Term Capital Gains (LTCG) tax of 10% is applicable on returns exceeding Rs 1 lakh in a financial year.


  • Is it possible to invest in both SIP and Lump Sum for Nippon India Small Cap Fund Direct Growth?

    Yes, Depending on your investment goals and risk tolerance, you have the option to choose either SIP or Lumpsum investment for Nippon India Small Cap Fund Direct Growth.
  • Is Nippon India Small Cap Fund good to invest in?

    Investors with a high-risk tolerance and a long-term investment horizon of over 10 years may find it beneficial to explore top-performing funds within the small cap category. Nippon India Small Cap Fund stands out as one of the leading performers in this segment.
  • What is the yearly return of Nippon India Small Cap Fund?

    The yearly return of the Nippon India Small Cap Fund is 36.94%
  • How should I choose a small-cap fund?

    When choosing a small-cap fund, you should consider the following factors:
    • The fund's investment objective

    • The fund's track record

    • The fund's fees and charges

    • The fund's risk profile

    • The fund's portfolio composition

  • What is the AUM of Nippon India Small Cap Fund Direct Growth?

    The AUM of the fund as of 12th September 2023 is ₹36,539.55 Cr.

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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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