SBI Mutual Fund · Direct Growth · SEBI Category: Small Cap
SBI Small Cap Fund has consistently been one of the best performing small cap funds in India over long periods. Managed by R. Srinivasan — SBI AMC's Chief Investment Officer (Equity) — the fund follows a selective, high-conviction approach with a portfolio of around 40 to 60 stocks. Unlike the larger small cap funds with 100+ holdings, SBI Small Cap maintains a more concentrated portfolio, allowing each position to meaningfully impact returns.
The fund has periodically closed to fresh lump sum investments and even new SIP registrations during strong bull markets — a sign of responsible fund management. When markets rise sharply, fresh money becomes harder to deploy in small cap stocks without moving prices. This temporary restriction protects existing investors' returns. The fund has delivered category-leading long-term returns, frequently ranking among the top 3 small cap funds.
R. Srinivasan is Head of Equity at SBI Funds Management and manages SBI Small Cap Fund alongside his other flagship mandates. In the small cap space he applies a growth-oriented philosophy — identifying businesses with strong earnings growth potential in the SEBI-defined small cap universe. His willingness to hold positions through volatility has been a defining characteristic of this fund.
For current co-manager details and full biography, refer to the latest SBI 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 2,574 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 SBI Small Cap Fund ranks against other Small Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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