MF Gyan
small capHigh risk14 years oldAccelerating recently (last 6m ≈ 32% p.a.)

Nippon India Small Cap Fund - Direct Plan - IDCW Option

Invests in smaller companies (ranked 251+). Can grow the fastest, but also drops the hardest during market slumps. From Nippon India Mutual Fund. It's been running since 3 Jan 2013.

Latest price per unit
₹111.4466
▼ 0.52% today
As of 1 Sep 2026 · updated once each business day

What ₹1 lakh would have become

Based on past returns
Invested 1 year ago
₹1.08 L
▲ ₹8.4k gain · 8.4% / year
Invested 3 years ago
₹1.28 L
▲ ₹28.2k gain · 8.6% / year
Invested 5 years ago
₹1.84 L
▲ ₹83.5k gain · 12.9% / year

These are calculations from the fund's past prices, not a prediction. Real future returns can and often do differ.

SIP simulator

Play with a monthly investment

Slide the amount and switch the duration. Left column uses real past prices. Right column projects forward using this fund's historical rate — a calculation, not a prediction.

₹5.0k
Looking back · real
You would have invested₹1.80 L
Value today₹1.96 L
Gain / loss+₹16.3k
XIRR (annualised)6.03%
Looking forward · hypothetical
You would invest₹1.80 L
Would become*₹1.98 L
Projected gain*+₹17.7k
*at this fund's historical rate of 6.03% per year. Actual future returns can be different — sometimes very different.
Value Cumulative invested
Reality check. The backward SIP is real math on real past NAVs. The forward projection assumes the fund keeps up its historical rate — which rarely happens exactly. Past performance is not a promise. MF Gyan does not recommend any specific investment.
How it compares to peers

Vs 56 other funds in Equity Scheme - Small Cap Fund

Same plan
1-year return
8.44%median 12.15% (-3.71%)
Rank #40 of 57Beats 25% of peers
3-year return
8.62%median 16.20% (-7.58%)
Rank #38 of 57Beats 10% of peers
5-year return
12.91%median 15.72% (-2.81%)
Rank #30 of 57Beats 26% of peers
Bumpiness (3Y)
18.08%median 17.60% (+0.48%)
Rank #36 of 57Less risky than 38% of peers
Worst-ever drop
-52.65%median -37.09% (-15.57%)
Rank #13 of 57Less risky than 79% of peers

Descriptive rankings within the same category and plan. Not a recommendation — one fund beating another historically does not mean it will continue to do so.

Year by year

Calendar-year returns. 6 of last 7 years were positive.

+30%
2020
+74%
2021
+2%
2022
+39%
2023
+17%
2024
-12%
2025
+9%
2026
Best year
2021 · 74.12%
Worst year
2025 · -11.97%

Price over time

How the per-unit price has moved. Tap a range to zoom in.

Bumpiness & worst drops

Day-to-day bumpiness
18.1%

The value swings roughly 18% up or down in a typical year. Finance-speak calls this volatility.

Worst drop ever
-52.65%

A lump sum invested at the previous peak would have temporarily lost about this much before recovering. Finance-speak calls this max drawdown.

Similar funds you might want to look at

Same category, same plan, sorted by 3-year return. Not recommendations — just neighbours.

Head-to-head comparisons

Side-by-side comparisons of Nippon India Small Cap Fund - Direct Plan - IDCW Option against other small cap funds.

Technical details (for the pros)
CAGR — 1 year8.44%
CAGR — 3 years8.62%
CAGR — 5 years12.91%
CAGR — since launch18.46%
Volatility — 1 year (annualised)15.62%
Volatility — 3 years (annualised)18.08%
Max drawdown — 1 year-17.37%
Max drawdown — 3 years-29.99%
Sharpe ratio — 1 year (rf=6%)0.15
Sharpe ratio — 3 years (rf=6%)0.14

Fund info

Fund house
Nippon India Mutual Fund
Category
Equity Scheme - Small Cap Fund
Plan
Direct
Option
IDCW
ISIN (Growth)
INF204K01J91
ISIN (Div re-invest)
INF204K01K07
Fund code
118775
First price on record
3 Jan 2013 · 3,361 daily prices

About Nippon India Small Cap Fund - Direct Plan - IDCW Option

Nippon India Small Cap Fund - Direct Plan - IDCW Option is a Equity Scheme - Small Cap Fund offered by Nippon India Mutual Fund under the Direct plan with the IDCW option. It has approximately 14 years of NAV track record. The fund falls in the small cap category — Invests in smaller companies (ranked 251+). Can grow the fastest, but also drops the hardest during market slumps.

The current NAV of Nippon India Small Cap Fund - Direct Plan - IDCW Option is ₹111.4466 (as of 1 Sep 2026). Historically, it has delivered 8.43% over the last year, 8.62% CAGR over 3 years, 12.91% CAGR over 5 years. Returns are historical and don't predict future performance.

Over the last three years, the fund's prices have moved with 18.1% annualised volatility — a "high" level of bumpiness; its deepest peak-to-trough fall on record was 52.7%. Being mentally prepared for drawdowns of this size is what separates long-term investors from reactive traders.

Frequently asked

What is the latest NAV of Nippon India Small Cap Fund - Direct Plan - IDCW Option?+

The latest NAV of Nippon India Small Cap Fund - Direct Plan - IDCW Option is ₹111.4466 as of 1 Sep 2026, down 0.52% from the previous day. NAV is updated once a business day after the market close.

What are the returns of Nippon India Small Cap Fund - Direct Plan - IDCW Option?+

Nippon India Small Cap Fund - Direct Plan - IDCW Option has delivered 1-year return 8.43%, 3-year CAGR 8.62%, 5-year CAGR 12.91%, since-inception CAGR 18.46%. Returns are historical and don't predict future performance — markets move in cycles.

What category does Nippon India Small Cap Fund - Direct Plan - IDCW Option belong to?+

Nippon India Small Cap Fund - Direct Plan - IDCW Option is categorised as Equity Scheme - Small Cap Fund. Invests in smaller companies (ranked 251+). Can grow the fastest, but also drops the hardest during market slumps.

How risky is Nippon India Small Cap Fund - Direct Plan - IDCW Option?+

Based on its 3-year annualised volatility of 18.1%, Nippon India Small Cap Fund - Direct Plan - IDCW Option sits in the "high" risk bucket. Volatility measures how much prices swing — higher means bigger ups and downs along the way.

Is Nippon India Small Cap Fund - Direct Plan - IDCW Option a direct plan?+

Nippon India Small Cap Fund - Direct Plan - IDCW Option is a Direct plan (no distributor commission — lower expense ratio) with the IDCW option (periodic distributions, taxable at your slab rate).

How old is Nippon India Small Cap Fund - Direct Plan - IDCW Option?+

Nippon India Small Cap Fund - Direct Plan - IDCW Option has NAV history available from 3 Jan 2013 — approximately 14 years of track record and 3,361 daily NAV observations.

Numbers are computed from stored daily prices from mfapi.in/AMFI. This is descriptive analytics, not investment advice. Past performance is not indicative of future returns.