ReviewDirect · Growth
Nippon India Small Cap Fund
Nippon India Mutual FundEquity Scheme - Small Cap Fund13.7 years
The scheme seeks to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies.
- NAV
- 204.5126
- 15 Sept 2026
- 1Y
- +10.1%
- Trailing CAGR
- Upside capture
- +98%
- Vs NIFTY SMALLCAP 250 TRI
- Downside capture
- +75%
- Lower is better
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+10.1%
- 3Y+14.4%
- 5Y+19.2%
- 10Y+21.2%
- SI+24.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+20.0%
- 3Y+11.5%
- 5Y+18.0%
- 10Y+22.3%
- Since inception
- +24.0%
- Calendar-day CAGR
- Excess 1Y
- -7.0%
- Category median, same plan and option
- 3Y win rate
- +98%
- Windows beating the median
- 3Y percentile
- 31
- Vs comparable share classes
- Worst rolling 3Y
- -8.3%
- 2636 daily-ending windows
- Median rolling 3Y
- +25.6%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2143 daily-ending windows
- SIP 3Y XIRR
- +11.5%
- Simulated monthly SIP
Official benchmark
Date-aligned against NIFTY SMALLCAP 250 TRI. Capture ratios use common month-end observations through 15 Sept 2026.
- 1Y excess
- +2.1%
- Fund minus TRI
- 3Y excess
- +0.1%
- Fund minus TRI
- Upside capture
- +98%
- Benchmark-up months
- Downside capture
- +75%
- Lower is better
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 13 days
- 160 recovered episodes
- Longest recovery
- 476 days
- Trough to prior peak
- Current spell
- 3 days
- Days below latest peak
- Time below peak
- +85%
- NAV observations
15 Jan 2018 – 14 Dec 2020
Trough 24 Mar 2020 · recovered in 265 days
-48.6%
24 Sept 2024 – 22 Jun 2026
Trough 3 Mar 2025 · recovered in 476 days
-24.2%
7 Jan 2013 – 28 Nov 2013
Trough 28 Aug 2013 · recovered in 92 days
-22.1%
1 Jan 2016 – 11 Jul 2016
Trough 29 Feb 2016 · recovered in 133 days
-21.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
31
Vs category
7
Consistency
83
Risk-adjusted
78
Drawdown
0
Mean
40
Portfolio
31 Aug 2026 · 257 holdings · top 10 are 15.1%.
- Top 5
- 9.0%
- Top 10
- 15.1%
- Largest holding
- 2.6%
- Effective holdings
- 142.8
Repo
Unspecified
2.6%
Bharat Heavy Electricals Ltd
Industrials
1.8%
TD Power Systems Ltd
Industrials
1.8%
Apar Industries Ltd
Diversified
1.7%
HDFC Bank Ltd
Financial
1.7%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 11 Sept 2026
Review
Engine status
Review
Closer look
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Maximum drawdown exceeded 35%.
Supporting reads
- The fund beat the category median in 98% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
Bajaj Finserv Small Cap Fund
Bajaj Finserv Mutual Fund
- 1Y
- +14.5%
- 3Y
- n/a
- Vol
- 16.1%
- Max DD
- -16.2%
- Sharpe
- 0.40
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
LIC MF Small Cap Fund
LIC Mutual Fund
- 1Y
- +13.4%
- 3Y
- +18.0%
- Vol
- 19.0%
- Max DD
- -27.0%
- Sharpe
- 0.75
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
TRUSTMF SMALL CAP FUND
Trust Mutual Fund
- 1Y
- +27.4%
- 3Y
- n/a
- Vol
- 18.6%
- Max DD
- -24.0%
- Sharpe
- 0.71
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
BANDHAN Small Cap Fund
Bandhan Mutual Fund
- 1Y
- +12.1%
- 3Y
- +24.4%
- Vol
- 17.2%
- Max DD
- -24.3%
- Sharpe
- 1.36
- 3Y win
- +75%
- Lower volatility
- Shallower drawdown
- Higher trailing returns
PGIM India Small Cap Fund
PGIM India Mutual Fund
- 1Y
- +11.4%
- 3Y
- +15.7%
- Vol
- 15.9%
- Max DD
- -24.6%
- Sharpe
- 0.59
- 3Y win
- +2%
- Lower volatility
- Shallower drawdown
- Higher trailing returns