Axis Small Cap Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- Strong capital defense: downside capture of 76% limits losses during market corrections.
- Generated +1.7% annualized alpha (excess return) over its benchmark.
- Cost-efficient: expense ratio of 1.68% is lower than category median (2.17%).
- Large asset base (₹30,679 Cr) may make active stock entry and exit slower in mid/small caps.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +1.42% | +1.11% | +0.31% |
| 3 Months | -1.66% | -1.13% | -0.53% |
| 6 Months | +5.52% | +7.86% | -2.34% |
| 1 Year | +6.98% | +11.28% | -4.30% |
| 3 Years CAGR | +12.96% | +13.50% | -0.54% |
| 5 Years CAGR | +13.34% | +13.60% | -0.26% |
| 7 Years CAGR | +20.15% | +22.98% | -2.83% |
| 10 Years CAGR | +17.99% | +16.91% | +1.08% |
| Since Inception | +20.75% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Axis Small Cap Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +9.44% | +13.95% | -4.51% |
| 2025 | -1.97% | -3.98% | +2.01% |
| 2024 | +25.02% | +25.60% | -0.58% |
| 2023 | +34.04% | +41.38% | -7.34% |
| 2022 | +2.62% | -0.63% | +3.25% |
| 2021 | +58.22% | +61.25% | -3.03% |
| 2020 | +22.37% | +33.12% | -10.75% |
| 2019 | +19.38% | +2.56% | +16.82% |
| 2018 | -8.94% | -19.99% | +11.05% |
| 2017 | +38.31% | +42.89% | -4.58% |
| 2016 | +3.99% | +2.64% | +1.35% |
| 2015 | +9.73% | +8.98% | +0.75% |
| 2014 | +84.33% | +101.80% | -17.47% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -16.01% | +21.17% | +14.84% | +98.68% | 87.4% | 53.9% |
| 3-Year Rolling | -1.23% | +19.74% | +18.25% | +39.17% | 99.7% | 14.8% |
| 5-Year Rolling | +3.33% | +19.80% | +19.79% | +33.27% | 100.0% | 30.7% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2020-02-11 | 2020-03-24 | -34.8% | 1 months | 8 months |
| 2024-09-23 | 2025-03-03 | -19.8% | 5 months | 16 months |
| 2018-01-08 | 2018-10-23 | -17.7% | 9 months | 11 months |
Portfolio & Asset Allocation
Filing Date: 2026-09-30Top 10 Security Holdings
| # | Company / Security | NSE Symbol | Asset Class | Weight (%) | Value (Cr) |
|---|---|---|---|---|---|
| 1 |
TREPS
|
- | Cash |
7.06%
|
₹2,165.7 Cr |
| 2 |
KRISHNA INSTITUTE OF MEDICAL SCIENCES LIMITED EQ NEW FV RS. 2/-
KIMS
|
KIMS | Equity |
2.46%
|
₹756.2 Cr |
| 3 |
TORRENT PHARMACEUTICALS LTD EQ NEW FV RS.5/-
TORNTPHARM
|
TORNTPHARM | Equity |
2.32%
|
₹710.7 Cr |
| 4 |
CCL PRODUCTS (INDIA) LIMITED EQ NEW FV RS. 2/-
CCL
|
CCL | Equity |
2.24%
|
₹685.9 Cr |
| 5 |
CITY UNION BANK LIMITED EQ NEW RS. 1/-
CUB
|
CUB | Equity |
1.94%
|
₹593.8 Cr |
| 6 |
SANSERA ENGINEERING LIMITED EQ NEW FV RS. 2/-
SANSERA
|
SANSERA | Equity |
1.86%
|
₹571.7 Cr |
| 7 |
SAI LIFESCIENCES LIMITED EQ NEW FV RE 1/-
SAILIFE
|
SAILIFE | Equity |
1.84%
|
₹564.4 Cr |
| 8 |
TREPS
|
- | Cash |
1.63%
|
₹500.0 Cr |
| 9 |
BRIGADE ENTERPRISES LIMITED EQ
BRIGADE
|
BRIGADE | Equity |
1.54%
|
₹472.1 Cr |
| 10 |
WELSPUN CORP LIMITED EQ NEW FV RS.5/-
WELCORP
|
WELCORP | Equity |
1.51%
|
₹464.0 Cr |
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and Equity related instruments of smallcap companies - (65%-100%),Equity and Equity Related Instruments of non-small cap Companies - (0%-35%), Debt & Money Market Instruments - (0%-35%) , Units issued by InvITs - (0%-10%) | Per Scheme Mandate |
Investment Objective & Strategy
To generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small cap companies. There is no assurance that the investment objective of the Scheme will be achieved.
Fund Size Position
Currently managing Rs 30,679 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as stretched relative to Small Cap schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Small Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| PGIM India Small Cap Fund | 4.5 | +13.72% | 2.35% | 75.2% | Rs 1,773 cr | Compare → |
| Union Small Cap Fund | 4.3 | +14.12% | 2.17% | 82.1% | Rs 2,796 cr | Compare → |
| DSP Small Cap Fund | 5.1 | +15.10% | 1.70% | 87.5% | Rs 21,210 cr | Compare → |
| Sundaram Small Cap Fund | 3.7 | +13.27% | 2.02% | 82.9% | Rs 4,044 cr | Compare → |
| quant Small Cap Fund | 6.5 | +15.64% | 1.65% | 80.1% | Rs 35,431 cr | Compare → |
Frequently Asked Questions about Axis Small Cap Fund
What is the expense ratio of Axis Small Cap Fund?
Axis Small Cap Fund has a total expense ratio (TER) of 1.68% with a base expense ratio of 1.35%, compared to the Small Cap category median of 2.17%.
Who manages Axis Small Cap Fund?
Axis Small Cap Fund is managed by Tejas Sheth (tenure: 2.5 years since 2024-05-13).
What are the historical returns of Axis Small Cap Fund?
Axis Small Cap Fund delivered a 3-year CAGR of 12.96% and a 5-year CAGR of 13.34%. Its 1-year return stands at +6.98%.
How large is Axis Small Cap Fund?
Axis Small Cap Fund manages assets of Rs 30,679 cr, placing it in the 'stretched' size band relative to Small Cap peers.
How is Axis Small Cap Fund scored on MFIQ?
Axis Small Cap Fund holds an MFIQ Score of 5.4/10 (Weak), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Axis Small Cap Fund?
Axis Small Cap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 15.10% with a maximum historical drawdown of -34.78%.