EquitySmall Cap FundRegularIDCWVery High

Aditya Birla Sun Life Small Cap Fund

Q: What is the NAV of Aditya Birla Sun Life Small Cap Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Small Cap Fund is ₹37.47 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Aditya Birla Sun Life Small Cap Fund delivered?

Aditya Birla Sun Life Small Cap Fund has returned +7.07% over 1 year, +6.04% per year over 3 years, +4.27% per year over 5 years and +7.00% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund charges an expense ratio of 2.01% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund's largest holdings are TD Power Systems Ltd. (3.3%), Sai Life Sciences Ltd. (3.0%), Navin Fluorine International Ltd. (2.9%), Ujjivan Small Finance Bank Ltd. (2.4%) and Shaily Engineering Plastics Ltd. (2.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 18.5% and its worst peak-to-trough fall in our sample was -69.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Small Cap Fund's -0.03 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund is benchmarked against the BSE 250 SmallCap TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund is managed by Dhaval Joshi and Abhinav Khandelwal at Aditya Birla Sun Life.

Q: How is Aditya Birla Sun Life Small Cap Fund taxed?

Aditya Birla Sun Life Small Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Aditya Birla Sun Life Mutual Fund · Best Small Cap Mutual Funds

NAV

₹37.47

+0.05% 1D

as of 05 Oct 2026

This is the Regular plan of Aditya Birla Sun Life Small Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+13.55% 3Y CAGR)

Performance

+7.01%absolute

52-week rangePrev NAV ₹37.45

Latest ₹37.47

Low ₹31.4058th percentile of its 52-week rangeHigh ₹41.85

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough Small Cap Fund peers to rank yet

Risk—

Volatility 18.5% (no category average yet)

Cost—

2.0% expense (no category average yet)

ConsistencyModerate

83% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.01%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

30.15

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.03

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

For redemption /switch-out of units on or before 90 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: Nil.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

BSE 250 SmallCap TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

31 May 2007

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.22%

Absolute return over the last 3 months (not annualized)

-5.00%

Absolute return over the last 6 months (not annualized)

+16.04%

Absolute return since 1 Jan of this year (not annualized)

+6.88%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+7.07%

3-year annualized return (CAGR)

+6.04%

5-year annualized return (CAGR)

+4.27%

10-year annualized return (CAGR)

+5.20%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+7.00%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

18.47%

Excess return per unit of total volatility (rf = 6.5%)

-0.03

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.03

Largest peak-to-trough decline over full history

-69.70%

Benchmark ratios (vs Nifty Smallcap 250 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Smallcap 250 TRI

-6.40%

Sensitivity to Nifty Smallcap 250 TRI moves; 1 = moves with the index

0.91

How much of the fund's movement Nifty Smallcap 250 TRI explains

86.1%

Excess return per unit of beta (market risk)

-0.15

Active return over the benchmark per unit of tracking error

-0.95

Annualized std dev of fund-minus-benchmark returns

8.24%

Fund's share of benchmark gains in up months (100 = matches index)

79.5%

Fund's share of benchmark losses in down months (lower is better)

100.1%

Computed vs the Nifty Smallcap 250 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Small Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.22%	—	—
3M abs	-5.00%	—	—
6M abs	+16.04%	—	—
1Y CAGR	+7.07%	—	—
3Y CAGR	+6.04%	—	—
5Y CAGR	+4.27%	—	—

Category average across peers in Small Cap Fund, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.92L

Absolute

+15.41%

XIRR

+5.86%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Aditya Birla Sun Life Small Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Smallcap 250 TRI	Diff
2026part	+6.88%	+6.37%	+0.51%
2025	-9.49%	-5.29%	-4.20%
2024	+13.10%	+27.52%	-14.42%
2023	+29.78%	+49.76%	-19.98%
2022	-12.04%	-2.65%	-9.39%
2021	+43.06%	+63.41%	-20.35%
2020	+14.24%	+27.11%	-12.87%
2019	-11.54%	-7.26%	-4.28%
2018	-27.21%	-26.33%	-0.88%
2017	+41.02%	+58.25%	-17.23%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

4,756

Expense ratio

2.01%

AUM

₹5,300Cr

Portfolio turnover

49%

Exit load

For redemption /switch-out of units on or before 90 days from the date of allotment: 1.00% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: Nil.

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

30.1

P/B ratio

4.7

Avg market cap

₹30,901Cr

P/E & P/B are portfolio-weighted harmonic means across 63 of 86 equity holdings (74% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Small Cap Fund

Compare all


Aditya Birla Sun Life Small Cap FundThis fund Aditya Birla Sun Life · Regular · IDCW	—	+7.07%	+6.04%	+4.27%	—	2.01%	₹5,300Cr
Bank of India Small Cap Fund Bank of India · Regular · IDCW	—	+27.68%	+20.15%	+18.11%	—	2.22%	₹2,235Cr
ITI Small Cap Fund ITI · Regular · IDCW	—	+14.49%	+18.98%	+14.48%	—	2.20%	₹2,977Cr
LIC MF Small Cap Fund LIC · Regular · IDCW	—	+12.30%	+16.22%	—	—	2.61%	₹673.88Cr
Quant Small Cap Fund quant · Regular · IDCW	—	+11.64%	+16.20%	+16.73%	—	1.73%	₹30,875Cr
Mahindra Manulife Small Cap Fund Mahindra Manulife · Regular · IDCW	—	+8.24%	+15.78%	—	—	2.20%	₹4,512Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap2.1%
Mid cap25.8%
Small cap72.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity94.84%
Cash & Equivalents5.16%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Union Small Cap Fund Union · Small Cap Fund	32.4%	★☆☆☆☆	1.08%	+16.35%
TRUSTMF Small Cap Fund Trust · Small Cap Fund	31.0%	★★★★★	1.50%	—
Axis Small Cap Fund Axis · Small Cap Fund	29.2%	★★★★☆	0.72%	+14.52%
ITI Small Cap Fund ITI · Small Cap Fund	28.9%	★★★★☆	0.84%	+23.23%
Baroda BNP Paribas Small Cap Fund Baroda BNP Paribas · Small Cap Fund	28.0%	★★☆☆☆	1.20%	—
Aditya Birla Sun Life Multi-Cap Fund Aditya Birla Sun Life · Multi Cap Fund	27.3%	★★★☆☆	1.02%	+13.75%
HSBC Small Cap Fund HSBC · Small Cap Fund	26.7%	★☆☆☆☆	0.77%	+13.92%
PGIM India Small Cap Fund PGIM India · Small Cap Fund	26.2%	★★★☆☆	0.93%	+15.33%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

4 holdings — 3.92% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Shivalik Bimetal Controls LimitedLong-term · Stage I1.79%
Shilpa Medicare LimitedLong-term · Stage I0.84%
Whirlpool of India LimitedShort-term · Stage I0.67%
BlueStone Jewellery and Lifestyle LimitedLong-term · Stage I0.62%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-69.7%04 Jan 2008 → 09 Mar 2009
Fell over 14 months, back to the old high on 08 Nov 2010 — 1.7 years under water after the low.
-60.9%15 Jan 2018 → 24 Mar 2020
Fell over 2.2 years, back to the old high on 05 Jul 2021 — 15 months under water after the low.
-31.6%10 Nov 2010 → 20 Dec 2011
Fell over 13 months, back to the old high on 21 Apr 2014 — 2.3 years under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹5,300Cr

April - June 2026

+11%

since January - March 2026

+₹230.01Cr

est. net flow, last quarter

At or near its largest, ₹5,300Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Aditya Birla Sun Life Mutual Fund is run by Aditya Birla Sun Life AMC, a joint venture between the Aditya Birla Group and Sun Life Financial of Canada. In business since 1994 and listed on the exchanges since 2021, it is among India's larger houses across equity, debt and hybrid.

Launched

22 Dec 1994

Total AUM

₹4,41,787Cr+3.3% QoQ

Avg AUM · July - September 2026

Website

mutualfund.adityabirlacapital.com

Fund Managers

DJDhaval JoshiStart date not disclosed

Education

MBA (Finance), M.Com

Experience

He has an over 17 years of November 21, experience in equity research and investments. Prior to joining Aditya Birla Sun Life AMC Limited, he was associated with Sundaram Mutual Fund (India) Ltd. for around 5 years. He has also worked as a research analyst with Emkay Global Financial Services and Asit C Mehta Investment Intermediates Ltd. Fund Management Responsibilities jointly with Mr. Vinod Bhat Mr. Chanchal Khandelwal and Mr. Harshil Suvarnkar Mr. Dhaval Gala Mr. Harish Krishnan and Mr. Dhaval Gala Mr. Kunal Sangoi Mr. Dhaval Gala Mr. Mohit Sharma, Mr. Bhupesh Bameta Mr. Vishal Gajwani Mr. Chanchal Khandelwal, Mr. Harshil Suvarnkar Mr. Chanchal Khandelwal Mr. Vinod Bhat Mr. Chanchal Khandelwal Mr. Kunal Sangoi Mr. Mahesh Patil - - Mr. Chanchal Khandelwal Mr. Abhinav Khandelwal - Mr. Vishal Gajwani Mr. Mahesh Patil Mr. Abhinav Khandelwal and Mr. Harshil Suvarnkar - Mr. Dhaval Shah Mr. Dhaval Gala Mr. Kunal Sangoi Mr. Jonas Bhutta Mr. Chanchal Khandelwal and Mr. Harshil Suvarnkar Mr. Dhaval Gala Mr. Dhaval Shah Mr. Vinod Bhat Mr. Dhaval Gala, Sachin Wankhede Mr. Dhaval Gala Mr. Harish Krishnan

Funds managed (29)

All schemes Dhaval Joshi runs →

AKAbhinav KhandelwalStart date not disclosed

Education

Experience

He has overall experience of more than 15 years in the Equity Markets. Before joining Aditya Birla Sun Life AMC Limited (“ABSLAMC”), he was worked with Mahindra Manulife Mutual Fund as Equity Fund Manager. He has also worked with Canara Robeco Asset Management Company Limited as Equity Fund Manager - offshore for India Dedicated mandates. Fund responsibilities Jointly with Mr. Dhaval Joshi

Funds managed (1)

Aditya Birla Sun Life Multi-Cap Fund

All schemes Abhinav Khandelwal runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Dhaval Joshi Abhinav Khandelwal

Top holdings

TD Power Systems Ltd.Sai Life Sciences Ltd.Navin Fluorine International Ltd.Ujjivan Small Finance Bank Ltd.Shaily Engineering Plastics Ltd.Radico Khaitan Ltd.Ather Energy Ltd.Craftsman Automation Ltd.Arvind Ltd.Multi Commodity Exchange of India Ltd.Meesho Ltd.Karur Vysya Bank Ltd.

Aditya Birla Sun Life in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Small Cap funds

Small cap funds invest in companies beyond the top 250 by size. They offer the highest growth potential of any equity category and also the sharpest falls, so they suit long horizons and strong stomachs.

Frequently asked questions

What is the NAV of Aditya Birla Sun Life Small Cap Fund?

As of 05 Oct 2026, the NAV of Aditya Birla Sun Life Small Cap Fund is ₹37.47 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Aditya Birla Sun Life Small Cap Fund delivered?

Aditya Birla Sun Life Small Cap Fund has returned +7.07% over 1 year, +6.04% per year over 3 years, +4.27% per year over 5 years and +7.00% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund charges an expense ratio of 2.01% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund's largest holdings are TD Power Systems Ltd. (3.3%), Sai Life Sciences Ltd. (3.0%), Navin Fluorine International Ltd. (2.9%), Ujjivan Small Finance Bank Ltd. (2.4%) and Shaily Engineering Plastics Ltd. (2.2%). Holdings are disclosed monthly and change over time.

How risky is Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 18.5% and its worst peak-to-trough fall in our sample was -69.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -0.03 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Aditya Birla Sun Life Small Cap Fund's -0.03 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund is benchmarked against the BSE 250 SmallCap TRI. Its alpha and beta on this page are measured against that index.

Who manages Aditya Birla Sun Life Small Cap Fund?

Aditya Birla Sun Life Small Cap Fund is managed by Dhaval Joshi and Abhinav Khandelwal at Aditya Birla Sun Life.

How is Aditya Birla Sun Life Small Cap Fund taxed?

Aditya Birla Sun Life Small Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.