Two of the largest Small Cap funds side by side: returns, risk, cost, size and what they hold. Prices as of 3 Nov 2026.
Past returns do not tell you future returns.
| HDFC Small Cap Fund HDFC | Axis Small Cap Fund Axis | |
|---|---|---|
| Returns | ||
| 1 year | -9.8% | +1.3% |
| 3 years, a year | +8.0% | +12.0% |
| 5 years, a year | +11.9% | +13.0% |
| Since launch, a year | +15.9% | +20.4% |
| 3-year rank in category | 25 of 26 | 14 of 26 |
| Benchmark, 3 years | +11.2% | +12.3% |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 15.4% | 15.5% |
| Biggest fall, 3 years | -22.8% | -19.8% |
| Sharpe ratio, 3 years | 0.13 | 0.40 |
| Beta | — | 0.75 |
| Alpha, a year | — | +1.3% |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.57% | 1.68% |
| Money in the fund | ₹39,461 cr | ₹29,232 cr |
| Running for | 18.6 years | 12.9 years |
| Minimum SIP | ₹100 | ₹100 |
| Benchmark | BSE 250 Smallcap TRI | NIFTY Smallcap 250 TRI |
Past returns do not indicate future returns. Each fund page has the full detail.
The five largest holdings of each, from the latest monthly portfolios
Overlap is the part of the two portfolios that is the same, by weight: 100% would be identical.
What they share, by industry and sector
| Holding | HDFC | Axis |
|---|---|---|
| Krishna Institute Of Medical Sciences Limited | 2.0% | 2.5% |
| City Union Bank Ltd. | 1.5% | 1.9% |
| Kalpataru Projects International Ltd | 1.6% | 1.1% |
| Vijaya Diagnostic Centre Limited | 1.6% | 1.0% |
| Sudarshan Chemical Industries Limited | 1.7% | 0.8% |
| Timken India Ltd. | 1.3% | 0.6% |
| Equitas Small Finance Bank Ltd | 1.1% | 0.6% |
| Apar Industries Limited | 1.9% | 0.6% |
| Chalet Hotels Ltd. | 1.6% | 0.5% |
| Aditya Vision Limited | 1.3% | 0.5% |
Both are Small Cap funds, from HDFC and Axis. HDFC Small Cap Fund manages ₹39,461 cr and Axis Small Cap Fund ₹29,232 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
HDFC Small Cap Fund, at 1.57% a year, against 1.68% for Axis Small Cap Fund.
Over three years, HDFC Small Cap Fund returned +8.0% a year and Axis Small Cap Fund +12.0% a year. Over one year they returned -9.8% and +1.3%. Past returns do not indicate future returns.
They hold 11.1% of the same investments, 50.6% of the same industries and 61.3% of the same sectors, by weight, in their latest monthly portfolios.
To set a third or fourth fund alongside, open these two in Compare and add more.