HDFC Small Cap Fund Regular-Growth

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

The HDFC Small Cap Fund is a 17 yrs 6 m old fund and has delivered average annual returns of 16.38% since inception. HDFC Small Cap Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception -0.12% 23.19% 30.48% 19.05% 16.38%

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹142.389+0.06% 1 day change	16.38% p.a.	App exclusive #NA View Ranked Funds	₹34,032 Cr

Historical NAV & returns

NAV: ₹142.389 as on Sep 03, 2025

This fund Category average

HDFC Small Cap Fund overview

Expense ratio	1.55% as on Aug 31, 2025
Plan type	Regular
Exit load	1.0% Exit load of 1% if redeemed within 1 year!
AUM (Fund size)	₹34,032 Cr
Lock-in Period	Nil
Age	17 yrs 6 m since Feb 11, 2008
Benchmark	BSE 250 SmallCap TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
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 Sep 04, 2025

Period	This fund	Category average
1 Month	1.22%	0.07%
3 Months	4.45%	1.57%
6 Months	25.35%	20.43%
1 Year	-0.12%	-4.81%
2 Years	16.33%	16.75%
3 Years	23.19%	19.54%
4 Years	18.91%	17.01%
5 Years	30.48%	28.76%
7 Years	17.79%	18.4%
10 Years	19.05%	17.6%

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.5.12%

Aster DM Healthcare Ltd.4.01%

eClerx Services Ltd.3.91%

Gabriel India Ltd.3.28%

Top sectors

Services 21.04%

Healthcare 12.62%

Capital Goods 11.6%

Financial 11.32%

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

Bifurcation by Instrument is not available for this fund

Other Holdings

Others 8.93%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Small Cap Fund	N.A.	34,032 Cr	17 yrs 6 m	1.55%
Nippon India Small Cap Fund	N.A.	58,029 Cr	15 yrs	1.4%
Tata Small Cap Fund	N.A.	10,529 Cr	6 yrs 10 m	1.67%
Bandhan Small Cap Fund	N.A.	11,744 Cr	5 yrs 7 m	1.66%
Invesco India Smallcap Fund	N.A.	7,718 Cr	6 yrs 10 m	1.73%
Quant Small Cap Fund	N.A.	28,205 Cr	28 yrs 11 m	1.59%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Small Cap Fund	1.22%	25.35%	-0.12%	23.19%	30.48%	19.05%
Nippon India Small Cap Fund	-0.11%	20.22%	-6.47%	22.83%	32.6%	21.58%
Tata Small Cap Fund	-0.59%	18.59%	-6.14%	21.26%	29.88%	14.89%
Bandhan Small Cap Fund	-0.58%	21.4%	-2.75%	28.41%	30.78%	16.53%
Invesco India Smallcap Fund	0.12%	21.57%	-0.07%	24.76%	29.99%	15.22%
Quant Small Cap Fund	-1.13%	16.72%	-10.7%	23.41%	35.08%	19.33%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Small Cap Fund	15.29	0.78	1.0	1.44
Nippon India Small Cap Fund	16.46	0.85	0.94	1.3
Tata Small Cap Fund	16.01	0.79	0.87	1.19
Bandhan Small Cap Fund	17.94	0.92	1.12	1.84
Invesco India Smallcap Fund	16.15	0.8	1.03	1.26
Quant Small Cap Fund	17.35	0.87	0.94	1.47

View all Small Cap funds

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

Alpha	3.86 vs. 5.05 Underperformed at beating benchmark
Sharpe	1.0 vs. 5.93 Poor risk-adjusted returns
Beta	0.78 vs. 0.74 More sensitive to market's ups & downs
Standard deviation	15.29 vs. 12.64 More volatile performance

Compare HDFC Small Cap Fund in detail with

About this fund

About HDFC Small Cap Fund

HDFC Small Cap Fund Regular-Growth is a Small Cap mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 17 yrs 6 m, having been launched on 11/02/2008. HDFC Small Cap Fund Regular-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 Regular-Growth as of 03/09/2025 is ₹142.39. The fund has an expense ratio of 1.55%, which is higher than what most other Small Cap funds charge.

HDFC Small Cap Fund Regular-Growth returns of last 1-year are -0.26%. Since launch, it has delivered 16.46% average annual returns. The fund has doubled the money invested in it every 4 yrs.
HDFC Small Cap Fund Regular-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, Healthcare, Capital Goods, Financial, Automobile sectors. It has taken less exposure in Services, Healthcare 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., Gabriel India Ltd., Bank Of Baroda.

...

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

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	77 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	-4.48%	32.64%
HDFC Mid Cap Fund	N.A.	79,718 Cr	1.52%	28.91%
HDFC Flexi Cap Fund	N.A.	75,784 Cr	4.97%	27.98%
HDFC Focused Fund	N.A.	19,578 Cr	5.93%	27.91%
HDFC Large and Mid Cap Fund	N.A.	25,412 Cr	-3.27%	25.36%

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 ₹142.389 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The HDFC Small Cap Fund is a 17 yrs 6 m old fund and has delivered average annual returns of 16.38% since inception.

HDFC Small Cap Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
-0.12%	23.19%	30.48%	19.05%	16.38%

How much does this mutual fund charge as expense ratio?

The HDFC Small Cap Fund - Direct Growth has an expense ratio of 1.55%, 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.	5.12%
Aster DM Healthcare Ltd.	4.01%
eClerx Services Ltd.	3.91%
Gabriel India Ltd.	3.28%
Bank Of Baroda	3.06%
Eris Lifesciences Ltd.	2.99%
Fortis Healthcare Ltd.	2.38%
Krishna Institute of Medical Sciences Ltd	2.3%
Sudarshan Chemical Industries Ltd.	2.26%
Power Mech Projects Ltd.	2.06%

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	21.04%
Healthcare	12.62%
Capital Goods	11.6%
Financial	11.32%
Automobile	7.450000000000001%
Chemicals	5.94%
Construction	3.69%
Metals & Mining	3.2700000000000005%
Technology	3.12%
Consumer Staples	2.7100000000000004%

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?

HDFC Small Cap Fund Regular-Growth is the regular plan of the fund. For this plan of you pay 1.55% as annual charges. On the other hand if you go for the direct plan available on ET Money, you pay 0.69%. That's 0.8600000000000001% less.

Regular plans charge more because when you buy them, the fund pays commission to the agent. This is an additional expense for the fund and to cover this expense, the fund takes a bigger share from the returns generated by your investments.

So, the lower annual cost of the direct plan means you will earn 0.8600000000000001% if you opt for direct plan of HDFC Small Cap Fund

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

App exclusive

in Small Cap

#NA

Return Outperformance: This fund has generated highest return amongst Small Cap funds in the last 10 Years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1% if redeemed within 1 year