HDFC Small Cap Fund Direct- Growth

Q: What are the returns of HDFC Small Cap Fund?

The HDFC Small Cap Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 20.35% since inception. HDFC Small Cap Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.26% 27.44% 35.31% 19.7% 20.35%

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹163.184-0.22% 1 day change	20.35% p.a.	#NA View Ranked Funds	₹34,032 Cr

Historical NAV & returns

NAV: ₹163.184 as on Jul 21, 2025

This fund Category average

HDFC Small Cap Fund overview

Expense ratio	0.73% as on May 31, 2025
Exit load	1.0% Exit load of 1% if redeemed within 1 year!
AUM (Fund size)	₹34,032 Cr
Lock-in Period	Nil
Age	12 yrs 6 m since Jan 01, 2013
Benchmark	BSE 250 SmallCap TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

HDFC Small Cap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Jul 22, 2025

Period	This fund	Category average
1 Month	3.34%	2.66%
3 Months	14.61%	11.58%
6 Months	11.38%	9.49%
1 Year	7.26%	5.96%
2 Years	21.71%	24.35%
3 Years	27.44%	25.4%
4 Years	20.9%	20.67%
5 Years	35.31%	34.69%
7 Years	20.05%	21.09%
10 Years	19.7%	18.46%

View returns in detail

Asset allocationas on May 31, 2025

Large Cap 4.16%

Mid Cap 8.05%

Small Cap 81.17%

Other Cap 0%

Top holdings

Firstsource Solutions Ltd.5.7%

Aster DM Healthcare Ltd.4.06%

eClerx Services Ltd.3.69%

Bank Of Baroda3.26%

Top sectors

Services 23.28%

Financial 12.48%

Healthcare 12.19%

Capital Goods 11.740000000000002%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 6.51%

Net Current Assets 0.11%

Other Holdings

Others 0.11%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Small Cap Fund	N.A.	34,032 Cr	12 yrs 6 m	0.73%
Nippon India Small Cap Fund	N.A.	58,029 Cr	12 yrs 6 m	0.65%
Tata Small Cap Fund	N.A.	10,529 Cr	6 yrs 9 m	0.34%
Quant Small Cap Fund	N.A.	28,205 Cr	12 yrs 6 m	0.66%
Bandhan Small Cap Fund	N.A.	11,744 Cr	5 yrs 5 m	0.39%
Invesco India Smallcap Fund	N.A.	6,823 Cr	6 yrs 9 m	0.44%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Small Cap Fund	3.34%	11.38%	7.26%	27.44%	35.31%	19.7%
Nippon India Small Cap Fund	1.98%	8.68%	1.75%	28.51%	38.29%	22.32%
Tata Small Cap Fund	4.21%	9.01%	7.7%	28.45%	35.6%	16.74%
Quant Small Cap Fund	1.94%	7.75%	-1.88%	30.16%	43.87%	20.84%
Bandhan Small Cap Fund	3.22%	12.25%	15.09%	35.08%	37.8%	18.06%
Invesco India Smallcap Fund	2.59%	11.81%	14.53%	31.09%	35.24%	16.86%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Small Cap Fund	16.01	0.82	1.38	1.98
Nippon India Small Cap Fund	16.63	0.85	1.37	1.82
Tata Small Cap Fund	16.18	0.8	1.3	1.72
Quant Small Cap Fund	17.41	0.86	1.38	2.04
Bandhan Small Cap Fund	17.83	0.9	1.53	2.31
Invesco India Smallcap Fund	16.35	0.81	1.5	1.77

View all Small Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	3.96 vs. 7.0 Underperformed at beating benchmark
Sharpe	1.38 vs. 8.52 Poor risk-adjusted returns
Beta	0.82 vs. 0.96 Less sensitive to market ups & downs
Standard deviation	16.01 vs. 12.87 More volatile performance

Compare HDFC Small Cap Fund in detail with

About this fund

About HDFC Small Cap Fund

HDFC Small Cap Fund Direct- Growth is a Small Cap mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 12 yrs 6 m, having been launched on 01/01/2013. HDFC Small Cap Fund Direct- Growth has ₹34,032 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Small Cap Fund Direct- Growth as of 21/07/2025 is ₹163.18. The fund has an expense ratio of 0.73%, which is higher than what most other Small Cap funds charge.

HDFC Small Cap Fund Direct- Growth returns of last 1-year are 8.15%. Since launch, it has delivered 20.37% average annual returns. The fund has doubled the money invested in it every 3 yrs.
HDFC Small Cap Fund Direct- Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund has the majority of its money invested in Services, Financial, Healthcare, Capital Goods, Automobile sectors. It has taken less exposure in Services, Financial sectors compared to other funds in the category.
The fund's top 5 holdings are in Firstsource Solutions Ltd., Aster DM Healthcare Ltd., eClerx Services Ltd., Bank Of Baroda, Eris Lifesciences Ltd..

...

Fund AUM	34,032 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Amar Kalkundrikar

Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.

Chirag Setalvad

Mr. Setalvad is a B. Sc and MBA from University of North Carolina. Prior to joining HDFC AMC he has worked with New Vernon Advisory Services Ltd., HDFC AMC and ING Barings N.V.

Investment objective

The scheme seeks to provide long-term capital appreciation /income by investing predominantly in Small-Cap companies.

HDFC Mutual Fund details

No. of schemes	75 view all schemes
Total AUM	8,37,348 Cr as on Jun 30, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HDFC Infrastructure Fund	N.A.	2,540 Cr	0.77%	36.19%
HDFC Mid Cap Fund	N.A.	79,718 Cr	8.35%	33.1%
HDFC Focused Fund	N.A.	19,578 Cr	9.67%	29.52%
HDFC Flexi Cap Fund	N.A.	75,784 Cr	8.43%	29.34%
HDFC Large and Mid Cap Fund	N.A.	25,412 Cr	4.3%	28.51%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Small Cap Fund?

The current Net Asset Value (NAV) of the HDFC Small Cap Fund - Direct Growth plan is approximately ₹163.184 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The HDFC Small Cap Fund is a 12 yrs 6 m old fund and has delivered average annual returns of 20.35% since inception.

HDFC Small Cap Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.26%	27.44%	35.31%	19.7%	20.35%

How much does this mutual fund charge as expense ratio?

The HDFC Small Cap Fund - Direct Growth has an expense ratio of 0.73%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The HDFC Small Cap Fund currently has assets under management (AUM) or fund size valued at approximately 34,032 Cr as on May 31, 2025.

What are the top stock holdings of HDFC Small Cap Fund?

The HDFC Small Cap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
Firstsource Solutions Ltd.	5.7%
Aster DM Healthcare Ltd.	4.06%
eClerx Services Ltd.	3.69%
Bank Of Baroda	3.26%
Eris Lifesciences Ltd.	2.84%
Gabriel India Ltd.	2.38%
Power Mech Projects Ltd.	2.32%
Fortis Healthcare Ltd.	2.24%
Krishna Institute of Medical Sciences Ltd	2.15%
Sonata Software Ltd.	2.11%

What are the top sectors HDFC Small Cap Fund has invested in?

The HDFC Small Cap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Services	23.28%
Financial	12.48%
Healthcare	12.19%
Capital Goods	11.740000000000002%
Automobile	6.68%
Chemicals	5.28%
Construction	4.0%
Metals & Mining	3.3600000000000003%
Technology	3.26%
Consumer Staples	2.4200000000000004%

What is risk level of HDFC Small Cap Fund?

This is a Small Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in HDFC Small Cap Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for HDFC Small Cap Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in HDFC Small Cap Fund is complete.

How can I redeem my investments in HDFC Small Cap Fund?

Redeeming your investments in HDFC Small Cap Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in HDFC Small Cap Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Small Cap

#NA

Return Outperformance: This fund has generated highest return amongst Small Cap funds in the last 10 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
Age: This is the 3rd oldest Small Cap fund.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Exit Load: Exit load of 1% if redeemed within 1 year