HDFC Small Cap Fund

Q: What are the returns of this mutual fund scheme?

The HDFC Small Cap Fund is a 17 yrs 10 m old fund and has delivered average annual returns of 16.0% since inception. HDFC Small Cap Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception -1.11% 20.12% 26.37% 18.02% 16.0%

Q: How much does this mutual fund charge as expense ratio?

The HDFC Small Cap Fund has an expense ratio of 1.54% , representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

NAV as of Dec 04, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹139.74-0.3% 1 day change	16.0% p.a.	App exclusive #NA View Ranked Funds	₹38,412 Cr

Historical NAV & returns

NAV: ₹139.74 as on Dec 04, 2025

This fund Category average

HDFC Small Cap Fund overview

AUM (Fund size)	₹38,412 Cr
Exit load	1.0% Exit load of 1% if redeemed within 1 year!
Lock-in Period	Nil
Age	17 yrs 10 m since Feb 11, 2008
Benchmark	BSE 250 SmallCap TRI
Min. investment	SIP: ₹2000 & Lumpsum: ₹1000
Expense ratio	1.54% as on Nov 30, 2025
Plan type	Regular
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 Dec 05, 2025

Period	This fund	Category average
1 Month	-2.85%	-1.35%
3 Months	-1.14%	-0.36%
6 Months	3.6%	-0.07%
1 Year	-1.11%	-6.79%
2 Years	11.97%	10.86%
3 Years	20.12%	17.32%
4 Years	17.67%	14.58%
5 Years	26.37%	22.04%
7 Years	18.86%	18.31%
10 Years	18.02%	14.66%

View returns in detail

Asset allocationas on Oct 31, 2025

Large Cap 5.19%

Mid Cap 7.96%

Small Cap 77.24%

Other Cap 0%

Top holdings

Firstsource Solutions Ltd.5.09%

eClerx Services Ltd.4.46%

Aster DM Healthcare Ltd.4.22%

Bank Of Baroda3.39%

Top sectors

Services 22.019999999999996%

Healthcare 12.329999999999998%

Financial 11.860000000000001%

Capital Goods 10.72%

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 9.71%

Other Holdings

Others 9.71%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Small Cap Fund	-2.85%	3.6%	-1.11%	20.12%	26.37%	18.02%
Nippon India Small Cap Fund	-2.61%	1.0%	-5.95%	20.49%	28.66%	19.86%
Bandhan Small Cap Fund	-2.98%	2.82%	-1.67%	29.06%	27.45%	16.74%
Tata Small Cap Fund	-5.48%	-4.83%	-13.39%	15.41%	24.43%	14.05%
Invesco India Smallcap Fund	-1.87%	4.1%	-1.0%	23.71%	27.35%	15.44%
Quant Small Cap Fund	-2.46%	2.22%	-6.55%	20.87%	30.48%	19.25%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Small Cap Fund	15.43	0.78	0.9	1.34
Nippon India Small Cap Fund	16.59	0.85	0.87	1.26
Bandhan Small Cap Fund	18.02	0.92	1.2	1.9
Tata Small Cap Fund	16.32	0.8	0.61	0.88
Invesco India Smallcap Fund	16.3	0.81	1.06	1.3
Quant Small Cap Fund	17.44	0.87	0.86	1.39

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Small Cap Fund	N.A.	38,412 Cr	17 yrs 10 m	1.54%
Nippon India Small Cap Fund	N.A.	68,969 Cr	15 yrs 3 m	1.39%
Bandhan Small Cap Fund	N.A.	17,380 Cr	5 yrs 10 m	1.63%
Tata Small Cap Fund	N.A.	11,792 Cr	7 yrs 1 m	1.68%
Invesco India Smallcap Fund	N.A.	9,000 Cr	7 yrs 2 m	1.71%
Quant Small Cap Fund	N.A.	30,504 Cr	29 yrs 2 m	1.59%

View all Small Cap funds

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

Alpha	3.05 vs. 4.55 Underperformed at beating benchmark
Sharpe	0.9 vs. 4.84 Poor risk-adjusted returns
Beta	0.78 vs. 0.7 More sensitive to market's ups & downs
Standard deviation	15.43 vs. 12.34 More volatile performance

Compare HDFC Small Cap Fund in detail with

About this fund

About HDFC Small Cap Fund

HDFC Small Cap Fund is a Small Cap mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 17 yrs 10 m, having been launched on 11/02/2008. HDFC Small Cap Fund has ₹38,412 Crores worth of assets under management (AUM) as on 31/10/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Small Cap Fund as of 04/12/2025 is ₹139.74. The fund has an expense ratio of 1.54%, which is higher than what most other Small Cap funds charge.

HDFC Small Cap Fund returns of last 1-year are -2.67%. Since launch, it has delivered 16.08% average annual returns. The fund has doubled the money invested in it every 4 yrs.
HDFC Small Cap Fund 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, Financial, Capital Goods, 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., eClerx Services Ltd., Aster DM Healthcare Ltd., Bank Of Baroda, Gabriel India Ltd..

...

Fund AUM	38,412 Cr as on Oct 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	78 view all schemes
Total AUM	8,93,028 Cr as on Sep 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.	2,586 Cr	-0.25%	29.77%
HDFC Mid Cap Fund	N.A.	89,383 Cr	7.6%	26.43%
HDFC Focused Fund	N.A.	25,140 Cr	8.48%	25.91%
HDFC Flexi Cap Fund	N.A.	91,041 Cr	9.08%	25.16%
HDFC ELSS Tax Saver Fund	N.A.	17,194 Cr	7.58%	23.17%

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 plan is approximately ₹139.74 as of Dec 04, 2025.

What are the returns of this mutual fund scheme?

The HDFC Small Cap Fund is a 17 yrs 10 m old fund and has delivered average annual returns of 16.0% since inception.

HDFC Small Cap Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
-1.11%	20.12%	26.37%	18.02%	16.0%

How much does this mutual fund charge as expense ratio?

The HDFC Small Cap Fund has an expense ratio of 1.54%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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 38,412 Cr as on Oct 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.	5.09%
eClerx Services Ltd.	4.46%
Aster DM Healthcare Ltd.	4.22%
Bank Of Baroda	3.39%
Gabriel India Ltd.	3.14%
Eris Lifesciences Ltd.	2.69%
Fortis Healthcare Ltd.	2.66%
Indian Bank	2.17%
Krishna Institute of Medical Sciences Ltd	2.09%
Sonata Software Ltd.	1.85%

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	22.019999999999996%
Healthcare	12.329999999999998%
Financial	11.860000000000001%
Capital Goods	10.72%
Automobile	8.21%
Consumer Staples	4.869999999999999%
Chemicals	4.52%
Metals & Mining	3.03%
Construction	2.95%
Technology	2.9400000000000004%

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 can I redeem my investments in HDFC Small Cap Fund?

Redeeming your investments in the HDFC Small Cap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested 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