HDFC Asset Management Company Limited

HDFC Small Cap Fund - Growth Option

EquitySmall Cap
  • Plan: Regular
  • |
  • Type: Open-Ended
  • |
  • Option: Growth
  • 1 yr return33.1%
  • 3 yr return46.6%
  • 5 yr return13.7%
  • Expense Ratio1.7%
  • Lock-in Period--
  • Exit Load1%
  • Fund Size (Cr)Rupees15857
  • NAVRupees88.1

Performance Graph

  • Show returns for: 1 yr 3 yrs 5 yrs
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Returns Calculator

  • Show returns for: SIP Lumpsum
  • Monthly SIP (Rupees)
  • Investment years: 1 3 5
  • Amount invested/month: Rupees-
  • Time Period: 1 years
  • Estimated Returns: Rupees0


About HDFC Small Cap Fund

HDFC Smallcap Fund is an open-ended equity scheme primarily investing in the stocks of small-cap companies.

Investment Objective

The investment objective of the scheme is to provide long term capital appreciation to the investors by making investments in equity & equity-related securities of small-cap companies.


The Benchmark of the scheme is NIFTY Smallcap 100 Index.

Investment Details

ParticularsMinimum Amount
Minimum Application AmountRs.5,000 & in multiples of Rs.1 thereafter
Minimum Additional InvestmentRs.1,000 & in multiples of Rs.1 thereafter

SIP Details

TypeMinimum AmountMinimum Installments
DailyRs.300 & in multiples of Rs.1 thereafter-
WeeklyRs.1,000 & in multiples of Rs.1 thereafter6
Monthly (Less than Rs.1,000)Rs.500 & in multiples of Rs.1 thereafter12
Monthly (Equal to or greater than Rs.1,000)6
Quarterly (Less than Rs.3,000)Rs.1,500 & in multiples of Rs.1 thereafter4
Quarterly (Equal to or greater than Rs.3,000)2


Entry Load: Nil

Exit Load:

If units are redeemed or switched out within 1 year - 1%

If units are redeemed or switched out after 1 year - Nil


HDFC Smallcap Fund is suitable for investors with a high-risk appetite and looking to invest for a period of 7 years & above.


As the fund predominantly invests in equity securities, HDFC Smallcap Fund has the taxability of an equity mutual fund scheme. Following taxation is applicable:

  • If the units are sold after 1 year, then the gains on investments are treated as Long Term Capital Gains (LTCG). LTCG of up to Rs 1 lacs in a financial year is tax-free and above that, it is taxed at the rate of 10% without the benefit of indexation.
  • If the units are sold within 1 year, then the gains are treated as Short Term Capital Gains (STCG) and are taxed at the rate of 15%.

HDFC Small Cap Fund’s Asset Allocation

Under normal conditions, the pattern of asset allocation is as follows:

AssetsMinimum indicative allocation (% of total assets)Maximum indicative allocation (% of total assets)Risk Profile
Equity & Equity related securities of small-cap companies 65100High 
Equity & Equity related securities of other companies 035High
Debt & Money market instruments035Low to Moderate
REITs & InVITs010Moderate to High
Non-convertible preference shares010Low to Moderate

Who should invest in HDFC Small Cap Fund?

Small cap funds are those equity mutual funds that invest in equity & equity-related securities of the companies beyond the top 250 companies in terms of market capitalization. 

These companies have small market shares but aim to come out with innovative products which could disrupt the market through their qualitative offerings. These stocks carry the potential to become midcaps and later, large-caps by gaining market share over time.

Investments in HDFC Smallcap Fund can be made by investors who want to invest in startups or small businesses having the potential to deliver good returns over longer periods. The small size of the underlying holdings makes investments in these funds relatively risky & more volatile as compared to investments in other equity fund categories.

Investors with high risk appetite looking to invest in equity funds for a long investment horizon could consider investments in this fund. The fund can be a good investment for a diversified equity portfolio.

Eligibility - Who can invest? 

The following people are eligible to invest in this scheme:

  • Indian Resident Adults (single holder or on a joint basis)
  • Hindu Undivided Family
  • Partnership entities
  • Limited Liability Partnership units
  • Minor through parent or a legal guardian
  • Sole Proprietor
  • Corporates, PSUs & others.
  • NRIs/POIs/OCIs
  • Banks & Financial Institutions
  • Religious & Charitable Trusts
  • Defense & paramilitary units 
  • Foreign Portfolio Investors
  • Pension/Provident/Gratuity Funds
  • Trustee, AMCs or Sponsors
  • Other schemes of HDFC or other mutual funds
  • Alternative Investment Funds
  • Others

How to invest?

You can invest in HDFC Smallcap Fund through any AMFI distributor, AMC, banks, or third party platforms. If you need any help with your investments, you can reach out to our ZFunds Experts on Whatsapp - 7217746224.

More HDFC Funds:

HDFC Balance Advantage Fund
HDFC Equity Fund Growth Option
HDFC Top 100 Fund - Growth Option
HDFC Hybrid Equity Fund
HDFC Mid-Cap Opportunities Fund
HDFC Liquid Fund Growth
HDFC Short Term Debt Fund
HDFC TaxSaver Growth Plan
HDFC Low Duration Fund
HDFC Ultra Short Term Fund

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Investment Objective

To Provide Long-Term Capital Appreciation /Income By Investing Predominantly In Small-Cap Companies. There Is No Assurance That The Investment Objective Of The Scheme Will Be Realized.

Tax Implications

Taxation on mutual fund explained :


Top Holdings

  • Companies %
  • Sonata Software Ltd. 4.9
  • Reverse Repo 4.5
  • Bank of Baroda 4.3
  • TREPS - Tri-party Repo 4
  • Bajaj Electricals Ltd. 3.8
  • Firstsource Solutions Ltd. 3.4
  • Great Eastern Shipping Company Ltd. 2.8
  • IDFC Ltd. 2.8
  • eClerx Services Limited 2.6
  • Aster DM Healthcare Limited 2.5
  • KEI Industries Ltd. 2.5
  • Sectors %
  • Banks9.9
  • Cash/Deposits/Margins/Treps/Repo/Swaps8.4
  • Industrial Products8.1
  • Consumer Durables7.9
  • Commercial Services7.6

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