GMP IPO Watch
Equity Scheme - Small Cap Fund
Axis Small Cap Fund
Direct Plan · Growth Option · Axis Mutual Fund
Risk: Very High Risk
★★★★★
Morningstar
52W Low ₹107.72 23 Mar 2026
52W High ₹138.49 8 Sept 2026
₹132.2800
NAV as of 5 Nov 2026
+0.89% day change
Other Plans of This Fund
ISININF846K01K35
Scheme Code125354
StructureOpen Ended Schemes
Fund HouseAxis Asset Management Co. Ltd.
AUM (avg. July - September 2026)₹17,677.42 Cr
Expense Ratio (as of 4 Nov 2026)0.70%
Min. InvestmentRs. 5,000/- and in multiples of Re. 1/- thereafter
Inception Date11 Nov 2013
BenchmarkNIFTY Smallcap 250 TRI
Portfolio Turnover43.87%
NFO Period11 Nov 2013 – 25 Nov 2013
Returns
1Y
+4.14%
3Y
+13.72%
5Y
+14.66%
7Y
+21.27%
10Y
+18.87%
Since Inception
+22.04%
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +2.13% | +2.20% | 20 of 36 |
| 1M | -1.06% | -1.69% | 12 of 36 |
| 3M | -2.46% | -2.25% | 21 of 36 |
| 6M | +5.65% | +6.44% | 20 of 36 |
| YTD | +7.66% | +9.67% | 21 of 36 |
| 1Y | +4.14% | +4.27% | 17 of 31 |
| 2Y | +4.47% | +1.13% | 10 of 28 |
| 3Y | +13.72% | +12.07% | 13 of 26 |
| 5Y | +14.66% | +12.03% | 8 of 21 |
| 7Y | +21.27% | +19.95% | 10 of 17 |
| 10Y | +18.87% | +13.00% | 3 of 12 |
| INCEPTION | +22.04% | — | — |
Ranked among: Equity Scheme - Small Cap Fund.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +5.81% | +42.07% | -28.55% | 73% | 30% |
| 6M | +11.56% | +66.19% | -24.25% | 78% | 33% |
| 1Y | +22.74% | +100.71% | -14.62% | 89% | 40% |
| 2Y | +20.95% | +66.73% | -7.42% | 98% | 45% |
| 3Y | +21.26% | +41.27% | -0.01% | 100% | 47% |
| 5Y | +21.38% | +35.09% | +4.83% | 100% | 47% |
| 7Y | +21.75% | +25.14% | +17.69% | 100% | 48% |
| 10Y | +20.92% | +26.33% | +17.76% | 100% | 48% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity90.32%
- Debt0.49%
- Cash9.19%
- Other0.00%
Market Cap Split
- Large Cap6.31%
- Mid Cap9.59%
- Small Cap74.42%
- Others9.68%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 29.55 | 28.60 |
| P/B | 4.04 | 4.34 |
| Price / Sales | 3.14 | 3.18 |
| Price / Cash Flow | 23.32 | 24.27 |
| Dividend Yield (%) | 0.73 | 0.65 |
Holdings128
Top 5 Stocks10.82%
Top 10 Stocks18.67%
Top 3 Sectors24.60%
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| Clearing Corporation of India Ltd | Net Current Assets | 7.06% | — |
| Krishna Institute of Medical Sciences | Equity | 2.46% | +0.03% |
| Torrent Pharmaceuticals | Pharmaceuticals & Biotechnology | 2.32% | -0.07% |
| CCL Products | Agricultural Food & other Products | 2.24% | -0.07% |
| City Union Bank | Banks | 1.94% | +0.03% |
| Sansera Engineering | Auto Components | 1.86% | +0.20% |
| Sai Life Sciences | Pharmaceuticals & Biotechnology | 1.84% | +0.09% |
| Clearing Corporation of India Ltd | Net Current Assets | 1.63% | — |
| Brigade Enterprises | Realty | 1.54% | -0.17% |
| Welspun Corp | Industrial Products | 1.51% | +0.21% |
| Avalon Technologies | Electrical Equipment | 1.51% | -0.01% |
| Syrma SGS | Industrial Manufacturing | 1.45% | +0.31% |
| Navin Fluorine International | Chemicals & Petrochemicals | 1.40% | -0.04% |
| Craftsman Automation | Auto Components | 1.33% | -0.07% |
| Minda Corporation | Auto Components | 1.30% | -0.01% |
View all 131 holdings
| Kirloskar Oil Engines | Industrial Products | 1.29% | +0.14% |
| Karur Vysya Bank | Banks | 1.28% | -0.06% |
| HDFC Bank | Banks | 1.26% | +0.03% |
| Cholamandalam Financial Holdings | Finance | 1.25% | -0.06% |
| PNB Housing Finance | Finance | 1.24% | +0.00% |
| Gland Pharma | Pharmaceuticals & Biotechnology | 1.22% | +0.35% |
| Blue Star | Consumer Durables | 1.20% | +0.07% |
| MCX | Capital Markets | 1.16% | -0.01% |
| Kalpataru Projects International | Construction | 1.15% | +0.01% |
| TBO Tek | Leisure Services | 1.10% | -0.01% |
| Galaxy Surfactants | Chemicals & Petrochemicals | 1.07% | +0.06% |
| Phoenix Mills | Realty | 1.06% | +0.04% |
| Fine Organic Industries | Chemicals & Petrochemicals | 1.06% | +0.00% |
| RBL Bank | Banks | 1.03% | +0.08% |
| SJS Enterprises | Auto Components | 1.01% | -0.08% |
| Narayana Hrudayalaya | Equity | 0.97% | -0.04% |
| Vijaya Diagnostic Centre | Equity | 0.97% | -0.03% |
| Vesuvius | Industrial Products | 0.95% | +0.06% |
| Aditya Infotech | Industrial Manufacturing | 0.94% | +0.23% |
| Cyient | IT - Services | 0.90% | -0.03% |
| Ujjivan Small Finance Bank | Banks | 0.85% | +0.00% |
| DOMS Industries | Household Products | 0.81% | -0.03% |
| Radico Khaitan | Beverages | 0.79% | +0.00% |
| Sudeep Pharma | Chemicals & Petrochemicals | 0.79% | +0.02% |
| Can Fin Homes | Finance | 0.78% | -0.09% |
| Piramal Finance | Finance | 0.78% | -0.08% |
| Data Patterns | Aerospace & Defense | 0.78% | -0.02% |
| RR Kabel | Industrial Products | 0.77% | -0.11% |
| RateGain Travel | IT - Software | 0.77% | -0.05% |
| Sudarshan Chemical Industries | Chemicals & Petrochemicals | 0.76% | -0.02% |
| Carborundum Universal | Industrial Products | 0.74% | +0.10% |
| Neogen Chemicals | Chemicals & Petrochemicals | 0.73% | +0.16% |
| Sagility | IT - Services | 0.72% | -0.05% |
| Healthcare Global Enterprises | Equity | 0.71% | -0.05% |
| Credit Access Grameen | Finance | 0.71% | -0.03% |
| Kaynes Technology India | Industrial Manufacturing | 0.69% | -0.02% |
| Happy Forgings | Industrial Products | 0.69% | -0.10% |
| JK Lakshmi Cement | Cement & Cement Products | 0.69% | -0.04% |
| Union Bank of India | Banks | 0.69% | -0.05% |
| Mrs. Bectors Food | Food Products | 0.68% | -0.05% |
| Pine Labs | Financial Technology (Fintech) | 0.68% | +0.05% |
| Gujarat Fluorochemicals | Chemicals & Petrochemicals | 0.67% | -0.03% |
| Azad Engineering | Electrical Equipment | 0.66% | +0.03% |
| Jubilant Ingrevia | Chemicals & Petrochemicals | 0.66% | -0.01% |
| KFin Technologies | Capital Markets | 0.66% | -0.08% |
| Coforge | IT - Software | 0.64% | -0.07% |
| Balrampur Chini Mills | Agricultural Food & other Products | 0.63% | -0.02% |
| Affle 3i | IT - Services | 0.63% | -0.02% |
| Timken | Industrial Products | 0.63% | +0.01% |
| Niva Bupa Health Insurance Company | Insurance | 0.63% | -0.04% |
| Crompton Greaves | Consumer Durables | 0.63% | -0.06% |
| Reliance Industries | Petroleum Products | 0.62% | -0.03% |
| PB FinTech | Financial Technology (Fintech) | 0.62% | -0.44% |
| Equitas Small Finance Bank | Banks | 0.60% | -0.03% |
| PG Electroplast | Consumer Durables | 0.60% | -0.09% |
| Inventurus Knowledge Solutions | IT - Services | 0.59% | +0.02% |
| Grindwell Norton | Industrial Products | 0.58% | +0.00% |
| Laurus Labs | Pharmaceuticals & Biotechnology | 0.58% | -0.12% |
| CAMS | Capital Markets | 0.58% | -0.08% |
| Apar Industries | Electrical Equipment | 0.58% | +0.01% |
| Ahluwalia Contracts | Construction | 0.57% | -0.06% |
| Emcure Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.55% | +0.07% |
| RHI Magnesita | Industrial Products | 0.55% | +0.04% |
| Rolex Rings | Auto Components | 0.54% | +0.04% |
| Amber Enterprises | Consumer Durables | 0.54% | -0.06% |
| Anant Raj | Realty | 0.52% | +0.01% |
| Chalet Hotels | Leisure Services | 0.51% | -0.03% |
| Mahindra Lifespaces Developers | Realty | 0.50% | +0.00% |
| India Shelter Finance | Finance | 0.50% | +0.01% |
| Net Receivables / (Payables) | Net Current Assets | 0.50% | — |
| 364T121126 | Money Market | 0.49% | +0.02% |
| Devyani International | Leisure Services | 0.48% | -0.02% |
| Time Technoplast | Industrial Products | 0.47% | +0.00% |
| Aditya Vision | Retailing | 0.47% | +0.01% |
| Tech Mahindra | IT - Software | 0.46% | -0.02% |
| Coal India | Consumable Fuels | 0.46% | +0.03% |
| Gokaldas Exports | Textiles & Apparels | 0.46% | -0.05% |
| Rainbow Childrens Medicare | Equity | 0.46% | -0.02% |
| Onesource Specialty Pharma | Pharmaceuticals & Biotechnology | 0.45% | +0.01% |
| CIE Automotive | Auto Components | 0.44% | +0.00% |
| CDSL | Capital Markets | 0.43% | -0.04% |
| Delhivery | Transport Services | 0.43% | -0.04% |
| Deepak Fertilisers & Petrochemicals | Chemicals & Petrochemicals | 0.42% | -0.01% |
| Tenneco Clean Air | Auto Components | 0.40% | +0.00% |
| Alembic Pharmaceuticals | Pharmaceuticals & Biotechnology | 0.39% | +0.00% |
| Arvind Fashions | Retailing | 0.37% | -0.05% |
| Chemplast Sanmar | Chemicals & Petrochemicals | 0.35% | +0.02% |
| Orient Electric | Consumer Durables | 0.35% | -0.04% |
| Tata Consumer Products | Agricultural Food & other Products | 0.34% | -0.02% |
| Aptus Value Housing Finance | Finance | 0.33% | -0.11% |
| Aarti Industries | Chemicals & Petrochemicals | 0.31% | -0.02% |
| Dhoot Transmission | Auto Components | 0.31% | +0.01% |
| Birlasoft | IT - Software | 0.30% | -0.01% |
| Alicon Castalloy | Auto Components | 0.29% | +0.08% |
| Aadhar Housing Finance | Finance | 0.28% | -0.01% |
| Ellenbarrie Industrial Gases | Chemicals & Petrochemicals | 0.27% | +0.03% |
| Strides Pharma Science | Pharmaceuticals & Biotechnology | 0.27% | +0.03% |
| CESC | Power | 0.26% | -0.02% |
| Titagarh Rail Systems | Industrial Manufacturing | 0.25% | +0.00% |
| Suprajit Engineering | Auto Components | 0.22% | +0.00% |
| Havells | Consumer Durables | 0.21% | -0.04% |
| Engineers India | Construction | 0.21% | +0.04% |
| Ather Energy | Automobiles | 0.20% | -0.04% |
| Heidelberg Cement | Cement & Cement Products | 0.19% | -0.05% |
| Firstsource Solutions | Commercial Services & Supplies | 0.18% | -0.01% |
| Bharat Dynamics | Aerospace & Defense | 0.18% | -0.17% |
| Travel Food Services | Leisure Services | 0.18% | -0.01% |
| Midwest | Consumer Durables | 0.17% | -0.03% |
| PNC Infratech | Construction | 0.17% | -0.06% |
| PDS | Textiles & Apparels | 0.16% | +0.00% |
| Power Grid Corporation of India | Power | 0.16% | +0.00% |
| Indo-MIM | Industrial Manufacturing | 0.15% | +0.05% |
| SBFC Finance | Finance | 0.13% | -0.07% |
| SEDEMAC Mechatronics | Auto Components | 0.12% | — |
| SPR Auto Technologies | Auto Components | 0.11% | +0.00% |
| Aditya Birla Real Estate | Realty | 0.09% | -0.01% |
Sector Allocation · Sep 2026
View all 32 sectors
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 15.49 | 17.38 | Low Volatility |
| 3Y | 15.07 | 17.33 | Low Volatility |
| 5Y | 14.30 | 16.60 | Low Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.13 | -0.11 | Below Average |
| 3Y | 0.49 | 0.41 | Above Average |
| 5Y | 0.60 | 0.40 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.48 | 0.46 | Above Average |
| 3Y | 1.30 | 1.03 | Above Average |
| 5Y | 1.43 | 1.05 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.83 | 0.95 | Good Risk Adjusted Returns |
| 3Y | 0.76 | 0.87 | Good Risk Adjusted Returns |
| 5Y | 0.73 | 0.83 | Good Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
TRUSTMF SMALL CAP FUND
Direct Plan · IDCW
|
+21.01% | — | — | +16.31% |
|
BANK OF INDIA SMALL CAP FUND
Direct Plan · IDCW
|
+20.61% | +19.35% | +18.69% | +22.06% |
|
ITI Small Cap Fund
Direct Plan · IDCW Option
|
+12.00% | +20.07% | +15.88% | +20.57% |
|
Motilal Oswal Small Cap Fund
Regular Plan · Growth
|
+11.83% | — | — | +18.19% |
|
Invesco India Small Cap Fund
Direct Plan · Growth
|
+11.56% | +20.66% | +18.82% | +23.11% |
|
DSP Small Cap Fund
Regular Plan · Growth
|
+11.23% | +15.62% | +15.12% | +17.28% |
|
LIC MF Small Cap Fund
Regular Plan · Growth
|
+10.29% | +15.51% | — | +15.68% |
|
PGIM India Small Cap Fund
Direct Plan · Direct Growth
|
+9.52% | +15.36% | +11.72% | +13.35% |
|
Aditya Birla Sun Life Small Cap Fund
Regular Plan · GROWTH
|
+9.07% | +13.47% | +11.52% | +12.29% |
|
Mahindra Manulife Small Cap Fund
Regular Plan · Growth
|
+8.95% | +16.71% | — | +22.00% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
About This Scheme
Investment Objective
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.
Stated Asset Allocation
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%)
Exit Load
If redeemed / switched-out within 12 months from the date of allotment:For 10% of investments: NIL.For remaining investments: 1%.If redeemed / switched-out after 12 months from the date of allotment: NIL.
Fund Managers
Mr. Tejas Sheth, Mr. Mayank Hyanki, Ms. Krishnaa N
Mr. Tejas Sheth - Comanage/Domestic Equities, Mr. Mayank Hyanki - Comanage/Domestic Equities, Ms. Krishnaa N - International Equities
Official Documents
Scheme Information Document (PDF)
Scheme Summary (PDF)
Scheme Summary (XLS)
Axis Asset Management Co. Ltd. website
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.