Axis Mutual Fund · Direct Growth · SEBI Category: Small Cap
Axis Small Cap Fund applies Axis AMC's distinctive quality-first framework to the small cap segment. Managed by Anupam Tiwari, the fund seeks small cap companies with strong competitive advantages, high return on capital, clean governance and visible earnings growth. The portfolio is more concentrated than typical small cap funds (30 to 50 stocks), reflecting high conviction in each holding.
The quality filter in the small cap space is particularly valuable because this segment contains many companies with weak governance, high leverage or unpredictable earnings. By systematically excluding such companies, Axis Small Cap has historically experienced lower drawdowns than peers during market corrections while still delivering strong long-term returns.
Anupam Tiwari is Fund Manager at Axis Mutual Fund and manages the Axis Small Cap Fund. He applies a quality-focused framework to the small cap universe — looking for businesses with durable competitive advantages, strong cash generation and management integrity. The quality filter makes this fund more selective than many peers but also more conservative within the small cap category.
For current co-manager details and full biography, refer to the latest Axis Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| Nippon India Small Cap Fund | ₹194.79 | ₹65.6K Cr Jan–Mar 2026 | +4.0% | +19.4% p.a. | +21.5% p.a. | 0.95 |
| SBI Small Cap Fund | ₹194.52 | ₹34.3K Cr Jan–Mar 2026 | +0.1% | +13.4% p.a. | +14.5% p.a. | 0.53 |
| Kotak Small Cap Fund | ₹300.61 | ₹16.3K Cr Jan–Mar 2026 | -0.6% | +14.6% p.a. | +15.0% p.a. | 0.69 |
| Axis Small Cap Fund ▲ | ₹124.48 | ₹25.5K Cr Jan–Mar 2026 | +2.9% | +16.8% p.a. | +17.9% p.a. | 0.80 |
| HDFC Small Cap Fund | ₹152.20 | ₹36.3K Cr Jan–Mar 2026 | -1.1% | +15.0% p.a. | +17.7% p.a. | 0.68 |
Calculated from 2,573 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Axis Small Cap Fund ranks against other Small Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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