Historical NAV & Returns
Absolute
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93719 people have invested ₹ 36.9Cr in Axis Small Cap Fund Direct Growth in the last three months
About Axis Small Cap Fund Direct Growth
Axis Small Cap Fund is a small-cap mutual fund that invests a minimum of 65% of its assets in equity and equity-related instruments of small-cap companies. The rest is allocated across non-small-cap companies, debt and money market instruments, derivatives, REITs, and InvITs. Small-cap stocks are defined as those ranked 251st and beyond in terms of full market capitalization, as per SEBI guidelines. These companies often carry high-growth potential and may evolve into mid or large-cap businesses over time.
The fund tracks the Nifty Smallcap 250 TRI as its benchmark. This index represents the performance of the top 250 small-cap companies, including dividends paid. Axis Small Cap Fund follows a fair-value-based research approach, with a strong emphasis on identifying quality business models, sustainable competitive advantages, and long-term growth prospects.
Currently, the fund's portfolio comprises 65.1% small-cap stocks, 3.88% large-cap stocks, and 17.34% mid-cap stocks.
With an AUM of ₹22736.0 crores, Axis Small Cap Fund Direct Growth generated a return of 9.3% in 1 year, 18.3% in 3 years, 31.7% in 5 years. while its benchmark index (Nifty Smallcap 250) generated 2.8% in 1 year, 17.9% in 3 years, and 34.9% in 5 years.
Axis Small Cap Fund Direct Growth Overview
| Expense ratio | 0.57% |
Benchmark | Nifty Smallcap 250 TR INR |
| AUM | ₹22736 Cr |
| Inception Date | 5 December, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 23.19% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for Axis Small Cap Fund Direct Growth
Powered by IND quant engine
7
/18
43% Performance
68% Risk Management
67% Cost
7 out of 18 among small-cap
Lower volatility within category
Protects capital during bear phase
Beats FD returns for both 3Y & 5Y
5Y returns in the bottom 25% of the category
Trailing Returns
as on (29-Apr-25)
Fund Distribution
as on (31-Mar-25)
Small cap
65.1%
Mid cap
17.3%
Large cap
3.9%
Sector Allocation
Industrial
21.8%
Financial Services
19.8%
Health
13.8%
Basic Materials
12.3%
Consumer Cyclical
11.9%
Tech
8%
Consumer Defensive
5.4%
Real Estate
5.3%
Communication
1%
Utilities
0.6%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.57% whereas the fund’s underlying benchmark Nifty Smallcap 250 returns stands at 9.80% as on Mar'25
- This fund underperformed Nifty Smallcap 250 by 2.23% in Mar'25
- AUM of the fund stands at 22.7K Cr as of Mar'25
- AUM increased by 1.8K Cr between Mar'25 and Feb'25
Top Stocks bought last month
Krishna Institute of Medical Sciences Ltd's allocation increased from 2.68% to 3.03%
Laurus Labs Ltd's allocation increased from 0.41% to 0.57%
Kalpataru Projects International Ltd's allocation increased from 0.08% to 0.24%
Top Stocks sold last month
Blue Star Ltd's allocation decreased from 3.87 % to 3.64 %
Cholamandalam Financial Holdings Ltd's allocation decreased from 2.96 % to 2.91 %
Brigade Enterprises Ltd's allocation decreased from 2.78 % to 2.65 %
Large Cap allocation has gone down from 4% to 3.9%
Small Cap allocation has gone up from 64.5% to 65.1%
Mid Cap allocation has gone down from 17.5% to 17.3%
Cash allocation has gone down from 12.5% to 11.2%
Top 3 Sectors in March were Industrial, Financial Services & Health
Mar'25
Industrial
22%
Financial Services
20%
Health
14%
Feb'25
Industrial
21%
Financial Services
20%
Health
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Blue Star Ltd | 3.64% | -8.4% | |
 Krishna Institute of Medical Sciences Ltd | 3.03% | 0% | |
 Cholamandalam Financial Holdings Ltd | 2.91% | 0% | |
 Brigade Enterprises Ltd | 2.65% | 0% | |
 Kaynes Technology India Ltd | 2.16% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 Axis Small Cap Fund Direct Growth | 9.33% | 18.31% | 31.71% | 23.72% |
 Bandhan Small Cap Fund Direct Growth | 18.5% | 27.92% | 38.36% | 34.9% |
 UTI Small Cap Fund Direct Growth | 12.77% | 17.32% | - | 24.25% |
 Nippon India Small Cap Fund - Direct Plan - Growth Plan | 6.41% | 22.73% | 40.19% | 25.34% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Kaynes Technology India Ltd | 22.7% |
 BSE Ltd | 20.1% |
 Krishna Institute of Medical Sciences Ltd | 8.6% |
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Tejas Sheth
Fund Manager of Axis Small Cap Fund Direct Growth, since 13 May 2024
Top funds managed
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.08L Cr
as on 31-Mar-2025
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com
Mutual Fund Insights
In the last 5 years, Quant Small Cap Fund Growth Option Direct Plan has given 49.75% return, outperforming this fund by 17.52% per annum.
Over the last 3 months, this fund has experienced a 8.2% drop in AUM moving from 24.75K Cr to 22.73K Cr.
This fund has one of the lowest expense ratio in the category (small-cap). Its expense ratio is 0.57% which is lower than the category average expense ratio of 1.19%.
Over the last 15 months, this fund has increased expense ratio by 9.6% moving from 0.52 to 0.57.
In the last 3 years, Bandhan Small Cap Fund Direct Growth has given 27.93% return, outperforming this fund by 9.12% per annum.
In the last 1 year, Bandhan Small Cap Fund Direct Growth has given 14.52% return, outperforming this fund by 5.48%.
Axis Small Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 23.72% since inception which is more than its category average return of 17.45%
Fund Allocations
This fund has an allocation of 88.76% in Equity, 0% in Debt and 11.24% in Cash related instruments
AUM size ₹22736 Cr
This fund has AUM of ₹22736 Cr which is more than its category average of ₹ 9875 Cr
Expense Ratio 0.57%
This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.28%
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3Y CAGR
▲ 23.32
3Y CAGR
▲ 22.69
3Y CAGR
▲ 22.04
3Y CAGR
▲ 18.83
5Y CAGR
▲ 25.98
Frequently Asked Questions for Axis Small Cap Fund Direct Growth
The current NAV of Axis Small Cap Fund Direct Growth is ₹113.62 as on 29-Apr-2025.
Existing (Absolute + CAGR) as on 29-Apr-2025.
Axis Small Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.81% | 2.81% |
6 Month Returns | -3.68% | -3.68% |
1 Year Returns | 9.33% | 9.33% |
3 Years Returns | 65.61% | 18.31% |
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0.57% as on March 2025
₹22736 Cr as on March 2025
Blue Star Ltd(3.64%), Krishna Institute of Medical Sciences Ltd(3.03%), Cholamandalam Financial Holdings Ltd(2.91%), Brigade Enterprises Ltd(2.65%), Kaynes Technology India Ltd(2.16%) as on March 2025
Industrial(19.38%), Financial Services(17.54%), Health(12.24%) as on March 2025
The alpha ratio for the Axis Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Small Cap Fund Direct Growth | 5.02 | 2.32 | 5.29 |
As on March 2025
The alpha for Axis Small Cap Fund Direct Growth is calculated against Nifty Smallcap 250 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Small Cap Fund Direct Growth | 0.75 | 0.69 | 0.68 |
As on March 2025
The Beta for Axis Small Cap Fund Direct Growth is calculated with Nifty Smallcap 250 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Small Cap Fund Direct Growth | 0.34 | 0.73 | 1.65 |
As on March 2025
The sharpe ratio for Axis Small Cap Fund Direct Growth is calculated with Nifty Smallcap 250 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Small Cap Fund Direct Growth | 19.76 | 14.68 | 15.1 |
As on March 2025
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.15 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Tejas Sheth is the fund manager of Axis Small Cap Fund Direct Growth
The Exit load of Axis Small Cap Fund Direct Growth is 1%