HDFC Small Cap Fund - Direct Plan - Growth Analysis
Fund Overview
The HDFC Small Cap Fund is an open-ended equity scheme that aims to provide long-term capital appreciation by primarily investing in small-cap companies. The fund has been in existence since 2013 and is benchmarked against the Nifty Smallcap 250 Total Return Index.
A dynamic equity scheme designed for investors who wish to capitalize on the growth potential of smaller businesses is the HDFC Small Cap Fund-Direct Plan (Growth). This fund, which is run by HDFC Asset Management Company, invests at least 65% of its assets in companies that are not in the top 250 by market capitalization, thereby accessing the "undiscovered" market for Indian stocks.
Key Metrics Dashboard
Risk Profile
Very High
Volatility >25%
Performance & Returns Analysis
| Metric | Value | Calculation |
|---|---|---|
| 1-Year CAGR | ~9.02% p.a. | (158.075 / 145.024 – 1) × 100 |
| 3-Year CAGR | ~27.4% p.a. | (158.075 / 73.476)^(1/3) – 1 |
| 5-Year CAGR* | ~29.2% p.a. | (158.075 / 50.639)^(1/4.44) – 1 |
| Absolute Return (since Jan '21) | ~212.2% | (158.075 – 50.639) / 50.639 × 100 |
| Avg. Monthly Return (1 yr) | ~0.72% | (1 + 0.0902)^(1/12) – 1 |
*5-Year CAGR is calculated over a ~4.44 year period from 01-Jan-2021 to 10-Jun-2025.
HDFC Small Cap Fund Direct Growth vs Peer Comparison
Here's how HDFC Small Cap Fund stacks up against its peers based on Assets Under Management (AUM) and historical returns.
| Fund Name | AUM (₹ Cr) | 1 Yr Return | 5 Yr CAGR | AUM Rating | 5 Yr Return Rating |
|---|---|---|---|---|---|
| Nippon India Small Cap | 58,028 | 8.06% | 39.66% | ★★★★★ | ★★★★★ |
| HDFC Small Cap Fund | 30,880 | 9.02% | 29.20% | ★★★★☆ | ★☆☆☆☆ |
| SBI Small Cap Fund | 31,790 | 4.25% | 30.50% | ★★★★☆ | ★★☆☆☆ |
| Axis Small Cap Fund | 23,317 | 14.71% | 32.89% | ★★★☆☆ | ★★★☆☆ |
| Tata Small Cap Fund | 10,529 | 10.08% | 36.91% | ★★☆☆☆ | ★★★★☆ |
| Mirae Asset Small Cap | 1,386 | N/A | N/A | ★☆☆☆☆ | N/A |
HDFC Small Cap Fund Direct Growth = Historical NAV Chart (Jan 2021 - Jun 2025)
Fund & Plan Details
Fund Management Team
| Name | Role | Start Date |
|---|---|---|
| Chirag Setalvad | Lead Fund Manager | Jan 2013 |
| Priya Ranjan | Co-Manager | Not Public |
| Dhruv Muchhal | Co-Manager | Not Public |
NAV High/Low by Month (2025)
| Date Range | High (₹) | Low (₹) |
|---|---|---|
| January 2025 | 160.19 | 138.755 |
| February 2025 | 146.433 | 128.96 |
| March 2025 | 138.468 | 128.083 |
| April 2025 | 143.543 | 130.094 |
| May 2025 | 153.314 | 137.81 |
| June 2025 | 158.075 | 153.69 |
Key Characteristics
| Characteristic | Direct Plan | Regular Plan |
|---|---|---|
| Expense Ratio | 0.73% | ~1.70% |
| Min. Investment | ₹100 (All) | ₹500 Lumpsum |
| Exit Load | 1% if redeemed within 1 year | |
| Turnover Ratio | 10.09% | – |
| Equity Allocation | 92.45% | |
| Cash Equivalent | 7.55% | |
Asset Allocation
The portfolio is primarily concentrated in small-cap stocks (~64.7%), with minor allocations to large-cap (~3.4%) and mid-cap (~4.7%) stocks for diversification and stability.
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