ReviewDirect · Growth

Tata Small Cap Fund

Tata Mutual Fund Equity Scheme - Small Cap Fund7.8 years

The scheme seeks to generate long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies.

NAV: 44.0689; 15 Sept 2026
1Y: -3.0%; Trailing CAGR
Upside capture: +86%; Vs NIFTY SMALLCAP 250 TRI
Downside capture: +68%; Lower is better

NAV path pending

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-3.0%
3Y+11.4%
5Y+14.8%
10Yn/a
SI+20.8%

SIP XIRR

Equal monthly instalments to latest NAV

1Y+12.4%
3Y+5.5%
5Y+12.8%
10Yn/a

Since inception: +20.8%; Calendar-day CAGR
Excess 1Y: -19.5%; Category median, same plan and option
3Y win rate: +73%; Windows beating the median
3Y percentile: 6; Vs comparable share classes
Worst rolling 3Y: +10.4%; 1193 daily-ending windows
Median rolling 3Y: +29.1%; Calendar-day CAGR
Positive rolling 5Y: +100%; 700 daily-ending windows
SIP 3Y XIRR: +5.5%; 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: -7.3%; Fund minus TRI
3Y excess: -2.6%; Fund minus TRI
Upside capture: +86%; Benchmark-up months
Downside capture: +68%; 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: 11 days; 102 recovered episodes
Longest recovery: 175 days; Trough to prior peak
Current spell: 699 days; Days below latest peak
Time below peak: +84%; NAV observations

7 Feb 2020 – 15 Sept 2020
Trough 24 Mar 2020 · recovered in 175 days
-36.6%
16 Oct 2024 – open
Trough 30 Mar 2026 · not recovered
-30.9%
17 Jan 2022 – 7 Sept 2022
Trough 20 Jun 2022 · recovered in 79 days
-18.2%
27 May 2019 – 2 Jan 2020
Trough 5 Aug 2019 · recovered in 150 days
-12.4%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
6
Vs category
0
Consistency
64
Risk-adjusted
71
Drawdown
9
Mean
30

Portfolio

31 Aug 2026 · 67 holdings · top 10 are 39.8%.

Top 5: 24.2%
Top 10: 39.8%
Largest holding: 4.8%
Effective holdings: 42.0

Sudarshan Chemical Industries Ltd
Materials
4.8%
Kirloskar Pneumatic Company Ltd
Industrials
4.6%
Usha Martin Ltd
Materials
4.4%
IDFC First Bank Ltd
Financial
3.9%
Godrej Industries Ltd
Diversified
3.4%

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 15 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.
Three-year return sits below the 25th percentile of comparable share classes.
Maximum drawdown exceeded 35%.

Supporting reads

The fund beat the category median in 73% of rolling 3-year windows.
Risk-adjusted return sits above the documented risk-free proxy.

Capture

Share of NIFTY SMALLCAP 250 TRI gains and losses in up and down months.

Upside: +86%; Benchmark-up months
Downside: +68%; Lower is better

Risk

SEBI/AMFI Risk-o-Meter from AMC disclosures when available, otherwise the latest published scheme label.

Risk-o-Meter

Very High

LowVery high

Official rating as of 31 Aug 2026

Volatility: High; 16.8% annualized
Sharpe: 0.92; Vs 6.5% proxy
Sortino: 0.81; Downside only
Now: -11.2%; Below last peak
Max DD: -36.6%; Peak to trough

Size

AUM as of 31 Aug 2026.

AUM: ₹12,695.77 Cr; 31 Aug 2026

Manager

Current managers reported for this scheme.

Fund house: Tata Mutual Fund
Managers: Jeetendra Khatri
Since 3 Oct 2023
Chandraprakash Padiyar
Since 19 Oct 2018

Share classes

Direct and Regular plans on this scheme.

Direct · GrowthThis view
Direct · IDCWShare class
Regular · IDCWShare class
Regular · GrowthShare class

Worth investigating

Same-category peers with enough history to inspect beside this fund.

All funds

ReviewDirect · Growth

Tata Small Cap Fund

Tata Mutual Fund Equity Scheme - Small Cap Fund7.8 years

The scheme seeks to generate long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies.

NAV: 44.0689; 15 Sept 2026
1Y: -3.0%; Trailing CAGR
Upside capture: +86%; Vs NIFTY SMALLCAP 250 TRI
Downside capture: +68%; Lower is better

Sept 2024 – Sept 2026

All funds

ReviewDirect · Growth

Tata Small Cap Fund

Tata Mutual Fund Equity Scheme - Small Cap Fund7.8 years

The scheme seeks to generate long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies.

NAV: 44.0689; 15 Sept 2026
1Y: -3.0%; Trailing CAGR
Upside capture: +86%; Vs NIFTY SMALLCAP 250 TRI
Downside capture: +68%; Lower is better

NAV path pending

NAV

15 Sept 2026 · -3.0% over 1Y

44.0689

Sept 202534.3005 – 46.0995Sept 2026

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-3.0%
3Y+11.4%
5Y+14.8%
10Yn/a
SI+20.8%

SIP XIRR

Equal monthly instalments to latest NAV

1Y+12.4%
3Y+5.5%
5Y+12.8%
10Yn/a

Since inception: +20.8%; Calendar-day CAGR
Excess 1Y: -19.5%; Category median, same plan and option
3Y win rate: +73%; Windows beating the median
3Y percentile: 6; Vs comparable share classes
Worst rolling 3Y: +10.4%; 1193 daily-ending windows
Median rolling 3Y: +29.1%; Calendar-day CAGR
Positive rolling 5Y: +100%; 700 daily-ending windows
SIP 3Y XIRR: +5.5%; 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: -7.3%; Fund minus TRI
3Y excess: -2.6%; Fund minus TRI
Upside capture: +86%; Benchmark-up months
Downside capture: +68%; Lower is better

Drawdown

Peak to trough from a running NAV high. Move across the path to read a date.

Drawdown

15 Sept 2026

-11.2%

Nov 2018-33.7% – 0.0%Sept 2026

Average recovery: 11 days; 102 recovered episodes
Longest recovery: 175 days; Trough to prior peak
Current spell: 699 days; Days below latest peak
Time below peak: +84%; NAV observations

7 Feb 2020 – 15 Sept 2020
Trough 24 Mar 2020 · recovered in 175 days
-36.6%
16 Oct 2024 – open
Trough 30 Mar 2026 · not recovered
-30.9%
17 Jan 2022 – 7 Sept 2022
Trough 20 Jun 2022 · recovered in 79 days
-18.2%
27 May 2019 – 2 Jan 2020
Trough 5 Aug 2019 · recovered in 150 days
-12.4%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
6
Vs category
0
Consistency
64
Risk-adjusted
71
Drawdown
9
Mean
30

Portfolio

31 Aug 2026 · 67 holdings · top 10 are 39.8%.

Top 5: 24.2%
Top 10: 39.8%
Largest holding: 4.8%
Effective holdings: 42.0

Sudarshan Chemical Industries Ltd
Materials
4.8%
Kirloskar Pneumatic Company Ltd
Industrials
4.6%
Usha Martin Ltd
Materials
4.4%
IDFC First Bank Ltd
Financial
3.9%
Godrej Industries Ltd
Diversified
3.4%

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 15 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.
Three-year return sits below the 25th percentile of comparable share classes.
Maximum drawdown exceeded 35%.

Supporting reads

The fund beat the category median in 73% of rolling 3-year windows.
Risk-adjusted return sits above the documented risk-free proxy.

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-3.0%
3Y+11.4%
5Y+14.8%
10Yn/a
SI+20.8%

SIP XIRR

Equal monthly instalments to latest NAV

1Y+12.4%
3Y+5.5%
5Y+12.8%
10Yn/a

Since inception: +20.8%; Calendar-day CAGR
Excess 1Y: -19.5%; Category median, same plan and option
3Y win rate: +73%; Windows beating the median
3Y percentile: 6; Vs comparable share classes
Worst rolling 3Y: +10.4%; 1193 daily-ending windows
Median rolling 3Y: +29.1%; Calendar-day CAGR
Positive rolling 5Y: +100%; 700 daily-ending windows
SIP 3Y XIRR: +5.5%; 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: -7.3%; Fund minus TRI
3Y excess: -2.6%; Fund minus TRI
Upside capture: +86%; Benchmark-up months
Downside capture: +68%; 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: 11 days; 102 recovered episodes
Longest recovery: 175 days; Trough to prior peak
Current spell: 699 days; Days below latest peak
Time below peak: +84%; NAV observations

7 Feb 2020 – 15 Sept 2020
Trough 24 Mar 2020 · recovered in 175 days
-36.6%
16 Oct 2024 – open
Trough 30 Mar 2026 · not recovered
-30.9%
17 Jan 2022 – 7 Sept 2022
Trough 20 Jun 2022 · recovered in 79 days
-18.2%
27 May 2019 – 2 Jan 2020
Trough 5 Aug 2019 · recovered in 150 days
-12.4%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
6
Vs category
0
Consistency
64
Risk-adjusted
71
Drawdown
9
Mean
30

Portfolio

31 Aug 2026 · 67 holdings · top 10 are 39.8%.

Top 5: 24.2%
Top 10: 39.8%
Largest holding: 4.8%
Effective holdings: 42.0

Sudarshan Chemical Industries Ltd
Materials
4.8%
Kirloskar Pneumatic Company Ltd
Industrials
4.6%
Usha Martin Ltd
Materials
4.4%
IDFC First Bank Ltd
Financial
3.9%
Godrej Industries Ltd
Diversified
3.4%

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 15 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.
Three-year return sits below the 25th percentile of comparable share classes.
Maximum drawdown exceeded 35%.

Supporting reads

The fund beat the category median in 73% of rolling 3-year windows.
Risk-adjusted return sits above the documented risk-free proxy.

Capture

Share of NIFTY SMALLCAP 250 TRI gains and losses in up and down months.

Upside: +86%; Benchmark-up months
Downside: +68%; Lower is better

Risk

SEBI/AMFI Risk-o-Meter from AMC disclosures when available, otherwise the latest published scheme label.

Risk-o-Meter

Very High

LowVery high

Official rating as of 31 Aug 2026

Volatility: High; 16.8% annualized
Sharpe: 0.92; Vs 6.5% proxy
Sortino: 0.81; Downside only
Now: -11.2%; Below last peak
Max DD: -36.6%; Peak to trough

Size

AUM as of 31 Aug 2026.

AUM: ₹12,695.77 Cr; 31 Aug 2026

Manager

Current managers reported for this scheme.

Fund house: Tata Mutual Fund
Managers: Jeetendra Khatri
Since 3 Oct 2023
Chandraprakash Padiyar
Since 19 Oct 2018

Share classes

Direct and Regular plans on this scheme.

Direct · GrowthThis view
Direct · IDCWShare class
Regular · IDCWShare class
Regular · GrowthShare class

Worth investigating

Same-category peers with enough history to inspect beside this fund.

NAV

15 Sept 2026 · -3.0% over 1Y

44.0689

Sept 202534.3005 – 46.0995Sept 2026

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-3.0%
3Y+11.4%
5Y+14.8%
10Yn/a
SI+20.8%

SIP XIRR

Equal monthly instalments to latest NAV

1Y+12.4%
3Y+5.5%
5Y+12.8%
10Yn/a

Since inception: +20.8%; Calendar-day CAGR
Excess 1Y: -19.5%; Category median, same plan and option
3Y win rate: +73%; Windows beating the median
3Y percentile: 6; Vs comparable share classes
Worst rolling 3Y: +10.4%; 1193 daily-ending windows
Median rolling 3Y: +29.1%; Calendar-day CAGR
Positive rolling 5Y: +100%; 700 daily-ending windows
SIP 3Y XIRR: +5.5%; 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: -7.3%; Fund minus TRI
3Y excess: -2.6%; Fund minus TRI
Upside capture: +86%; Benchmark-up months
Downside capture: +68%; Lower is better

Drawdown

Peak to trough from a running NAV high. Move across the path to read a date.

Drawdown

15 Sept 2026

-11.2%

Nov 2018-33.7% – 0.0%Sept 2026

Average recovery: 11 days; 102 recovered episodes
Longest recovery: 175 days; Trough to prior peak
Current spell: 699 days; Days below latest peak
Time below peak: +84%; NAV observations

7 Feb 2020 – 15 Sept 2020
Trough 24 Mar 2020 · recovered in 175 days
-36.6%
16 Oct 2024 – open
Trough 30 Mar 2026 · not recovered
-30.9%
17 Jan 2022 – 7 Sept 2022
Trough 20 Jun 2022 · recovered in 79 days
-18.2%
27 May 2019 – 2 Jan 2020
Trough 5 Aug 2019 · recovered in 150 days
-12.4%

Dimensions

0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.

Returns
6
Vs category
0
Consistency
64
Risk-adjusted
71
Drawdown
9
Mean
30

Portfolio

31 Aug 2026 · 67 holdings · top 10 are 39.8%.

Top 5: 24.2%
Top 10: 39.8%
Largest holding: 4.8%
Effective holdings: 42.0

Sudarshan Chemical Industries Ltd
Materials
4.8%
Kirloskar Pneumatic Company Ltd
Industrials
4.6%
Usha Martin Ltd
Materials
4.4%
IDFC First Bank Ltd
Financial
3.9%
Godrej Industries Ltd
Diversified
3.4%

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 15 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.
Three-year return sits below the 25th percentile of comparable share classes.
Maximum drawdown exceeded 35%.

Supporting reads

The fund beat the category median in 73% of rolling 3-year windows.
Risk-adjusted return sits above the documented risk-free proxy.