Nippon India Mutual Fund · Direct Growth · SEBI Category: Small Cap
Nippon India Small Cap Fund is India's largest small cap fund by AUM with over Rs.60,000 crore in assets — reflecting exceptional investor trust in the fund. Managed by Samir Rachh since 2010 — one of the longest-tenured small cap fund managers in India — the fund has delivered exceptional long-term returns by identifying small companies before they became well-known.
The fund's massive scale requires investing across 150+ stocks to manage deployment, making it one of the most diversified small cap funds in India. This broad diversification reduces single-stock risk significantly. Despite its large size, it has maintained competitive performance against its benchmark and delivered category-leading long-term returns.
Samir Rachh is Fund Manager at Nippon India Mutual Fund and has been managing the Nippon India Small Cap Fund for many years. He is known for deep bottom-up research in the small cap universe — identifying businesses with strong growth potential early, before they attract mainstream attention. His high-conviction, patient approach has built one of India's largest small cap funds by AUM.
For current co-manager details and full biography, refer to the latest Nippon India Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
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| 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 2,565 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 Nippon India Small Cap FundGrowth PlanOption ranks against other Small Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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