Should I invest in Axis Small Cap Fund?

We don't give personal investment advice. Axis Small Cap Fund - Direct Plan - Growth is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 19.4%. 5-year CAGR: 17.85%.

Axis

Axis Small Cap Fund - Direct Plan - Growth

Latest NAV

₹123.5900

As of

3 Jun 2026

3,079 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.52%	+0.48%	+0.04	18 / 36	Q2
1W	-1.15%	-0.81%	-0.34	19 / 36	Q3
2W	+0.60%	+1.36%	-0.76	26 / 36	Q3
1M	-0.15%	+0.94%	-1.08	27 / 36	Q3
3M	+6.34%	+9.95%	-3.61	28 / 34	Q4
6M	+1.00%	+3.30%	-2.30	26 / 33	Q4
YTD	+1.76%	+4.13%	-2.37	25 / 33	Q4
1Y	+2.93%	+5.56%	-2.62	23 / 32	Q3
2Y	+7.58%	+6.66%	+0.91	12 / 29	Q2
3Y	+16.75%	+18.72%	-1.96	17 / 25	Q3
4Y	+17.87%	+19.54%	-1.67	15 / 22	Q3
5Y	+17.85%	+18.15%	-0.30	12 / 22	Q3
7Y	+21.75%	+21.75%	+0.00	9 / 18	Q2
10Y	+19.60%	+18.26%	+1.34	4 / 13	Q2
Inception	+22.30%	+17.38%	+4.92	9 / 36	Q1

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+1.76%	+4.13%	-2.37	25 / 33
2025	-1.60%	-4.11%	+2.51	8 / 30
2024	+26.49%	+27.89%	-1.40	11 / 28
2023	+34.81%	+43.05%	-8.24	21 / 24
2022	+4.11%	+2.92%	+1.19	10 / 22
2021	+59.66%	+63.14%	-3.48	14 / 21
2020	+24.87%	+32.77%	-7.90	14 / 18
2019	+20.59%	+0.57%	+20.02	1 / 16
2018	-7.60%	-16.20%	+8.60	3 / 13
2017	+38.26%	+49.31%	-11.06	12 / 13
2016	+5.04%	+6.15%	-1.12	10 / 13

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+23.53%

141 windows

min -14.8% · max 97.6%

88% positive

3-Year rolling

+21.26%

116 windows

min 0.0% · max 41.3%

99% positive

5-Year rolling

+21.48%

92 windows

min 4.5% · max 32.5%

100% positive

7-Year rolling

+21.62%

68 windows

min 17.8% · max 24.8%

100% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

15.80%

3-year · annualised

Sharpe ratio

0.65

vs risk-free 6.5%

Sortino ratio

1.08

Downside-only deviation

Max drawdown

-19.43%

Sep 2024 → Mar 2025

% positive months

66.7%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Small Cap Fund

Scheme	Fund house	NAV	As of
HDFC Small Cap Fund - Growth Option - Direct Plan	HDFC	₹151.9870	3 Jun 2026
Nippon India Small Cap Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹193.7635	3 Jun 2026
SBI Small Cap Fund - Direct Plan - Growth	SBI	₹194.0810	3 Jun 2026
ICICI Prudential Smallcap Fund - Direct Plan - Growth	ICICI Prudential	₹96.4400	3 Jun 2026
Invesco India Smallcap Fund - Direct Plan - Growth	Invesco	₹48.1600	3 Jun 2026
BANDHAN SMALL CAP FUND - DIRECT PLAN GROWTH	Bandhan	₹52.6160	3 Jun 2026
quant Small Cap Fund - Growth Option - Direct Plan	Quant	₹293.2340	3 Jun 2026
QUANTUM SMALL CAP FUND - DIRECT PLAN GROWTH OPTION	Quantum	₹13.3000	3 Jun 2026
Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹104.2448	3 Jun 2026
Motilal Oswal Small Cap Fund - Direct - Growth	Motilal Oswal	₹15.5856	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹123.5900
2 Jun 2026	₹123.9200
1 Jun 2026	₹123.2800
31 May 2026	₹124.3700
29 May 2026	₹124.3700
27 May 2026	₹125.5000
26 May 2026	₹125.3600
25 May 2026	₹125.3700
22 May 2026	₹124.1400
21 May 2026	₹124.2400

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Axis Small Cap Fund - Direct Plan - Growth is ₹123.5900. It's a Small Cap Fund from Axis, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Axis Small Cap Fund - Direct Plan - Growth has NAV history starting from 05 Dec 2013, a track record of about 12 years 5 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Axis Small Cap Fund - Direct Plan - Growth is managed by Axis. It's classified by AMFI under the 'Small Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Axis Small Cap Fund - Direct Plan - Growth has delivered a absolute return of 2.93% — -2.62 pp behind the Small Cap Fund category average of 5.56%. The fund ranks #23 of 32 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Axis Small Cap Fund - Direct Plan - Growth has delivered a CAGR of 16.75% — -1.96 pp behind the Small Cap Fund category average of 18.72%. The fund ranks #17 of 25 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Axis Small Cap Fund - Direct Plan - Growth has delivered a CAGR of 17.85% — -0.3 pp behind the Small Cap Fund category average of 18.15%. The fund ranks #12 of 22 in its category — the third (Q3) quartile.

₹1 lakh invested in Axis Small Cap Fund - Direct Plan - Growth exactly 10 years ago would be worth approximately ₹598,646 today — a multiplier of 5.99×, based on the 10-year CAGR of 19.60%. The category average over the same window would have grown ₹1 lakh to ₹535,049.

A ₹10,000 monthly SIP in Axis Small Cap Fund - Direct Plan - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹860,113 today. That's an XIRR (money-weighted annualised return) of 14.37%.

A ₹10,000 monthly SIP for 10 years in Axis Small Cap Fund - Direct Plan - Growth = ₹1,200,000 invested. It would currently be worth ₹3,420,238 (multiplier 2.85×). XIRR: 19.87%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Axis Small Cap Fund - Direct Plan - Growth ranks #12 out of 22 funds in the Small Cap Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 18.15%; this fund delivered 17.85%.

The worst peak-to-trough decline Axis Small Cap Fund - Direct Plan - Growth has experienced over the last 5-year window is 19.43% — its NAV fell from a high on 23 Sep 2024 to a low on 03 Mar 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Axis Small Cap Fund - Direct Plan - Growth averaged 21.48% (best 32.52%, worst 4.53%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.75 — reasonable risk-adjusted performance.

In calendar year 2025, Axis Small Cap Fund - Direct Plan - Growth returned -1.60% — beating the Small Cap Fund category average of -4.11% by 2.51 pp. It ranked #8 of 30 in its category that year.

Axis Small Cap Fund - Direct Plan - Growth is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Axis Small Cap Fund - Direct Plan - Growth is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 19.4%. 5-year CAGR: 17.85%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.