Nippon India Nifty Smallcap 250 Index Fund
Nippon India Mutual Fund · Index Fund · Direct plan, growth option
NAV (₹), 1 Oct 2026
34.8633
1-day change
-1.18%
1Y return
4.4%
3Y CAGR
12.6%
5Y CAGR
13.3%
Max drawdown, 5Y
−26.9%
NAV history month-end NAV, ₹ · 19 Oct 2020 to 1 Oct 2026
Returns vs Index Fund median (265 schemes) and “Small & micro cap index” median (15)
| Period | Scheme | Category median | Small & micro cap index median |
|---|---|---|---|
| 1 month | -4.3% | -6.5% | -4.3% |
| 3 months | -1.1% | -5.1% | -1.1% |
| 6 months | 19.4% | 5.5% | 19.4% |
| Year to date | 5.5% | -6.8% | 5.5% |
| 1 year | 4.4% | -3.0% | 4.4% |
| 3 years (CAGR) | 12.6% | 8.7% | 13.1% |
| 5 years (CAGR) | 13.3% | 7.6% | 13.3% |
| 7 years (CAGR) | n/a | 11.1% | 21.3% |
| 10 years (CAGR) | n/a | 10.9% | n/a |
| Since first NAV (CAGR) | 23.3% | – | – |
“Small & micro cap index” is MFIC's grouping of Index Fund schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 8.7% | 7.2% |
| 3Y rolling median | 22.5% | 16.3% |
| 3Y rolling worst | 12.6% | 8.4% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 16.6% | 13.7% |
| 5Y rolling worst | 13.3% | 6.4% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 21.8% | 17.3% |
| Sharpe ratio | 0.31 | 0.21 |
| Sortino ratio | 0.50 | 0.30 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −26.9% | −18.8% |
| Maximum drawdown, last 10Y | n/a | −38.1% |
| Maximum drawdown, last 5Y | −26.9% | −17.6% |
| Current drawdown | −6.0% | −11.0% |
| Recovery time of worst fall | 364 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.01% a year and the Direct plan's 0.41%, a gap of 0.60%; over the last 3 years the Direct plan returned 0.67 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹15,21,224.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Himanshu Mange | Primary | 23 Dec 2023 |
Objective: The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Smallcap 250 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved
Stated asset allocation: Securities constituting Nifty Smallcap 250 Index - 95% to 100%, Money Market instruments, Reverse repo and / or Tri-Party Repo on Government Securities or T-Bills and/or Schemes which invest predominantly in the money market securities or Liquid Schemes* - 0% to 5% *The Fund Manager may invest in Liquid Schemes of Nippon India Mutual Fund. However, the Fund Manager may invest in any other scheme of mutual fund registered with SEBI, which invest predominantly in the money market securities.
Benchmark (tier 1): Nifty Smallcap 250 TRI
Exit load: No
Minimum application: ₹100
Allotment date: 16 Oct 2020
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.41% | 0.46% |
| AUM, whole scheme (₹ crore) | 3,454 | 175 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 6.7% | 7.2% TRI |
| Return, 3 years (AMFI) | 13.1% | 14.0% TRI |
| Return, 5 years (AMFI) | 13.6% | 14.5% TRI |
| Month-ends above category median (3Y CAGR) | 100% | 61% median |
| Month-ends in category top quartile (3Y) | 75% | 16% median |
Official benchmark: Nifty Smallcap 250 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Index Fund Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 5.5% | n/a | – |
| 2025 | -6.4% | n/a | – |
| 2024 | 26.2% | n/a | – |
| 2023 | 48.0% | n/a | – |
| 2022 | -3.5% | n/a | – |
| 2021 | 61.4% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,26,173 | 9.7% |
| 3 years | ₹3,60,000 | ₹3,94,591 | 6.0% |
| 5 years | ₹6,00,000 | ₹8,37,059 | 13.3% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Index Fund
Plan / option: Direct · Growth
AMFI scheme code: 148519
ISIN: INF204KB15W0
First NAV in MFIC data: 19 Oct 2020
History: 5.9 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| ICICI Prudential Nifty Smallcap 250 Index Fund | Index Fund | 1.00 | 12.8% |
| SBI Nifty Smallcap 250 Index Fund | Index Fund | 1.00 | 12.8% |
| Edelweiss Nifty Smallcap 250 Index Fund | Index Fund | 1.00 | 13.2% |
| HDFC NIFTY Smallcap 250 Index Fund | Index Fund | 1.00 | 12.8% |
| Motilal Oswal Nifty Smallcap 250 Index Fund | Index Fund | 1.00 | 13.1% |
| BANDHAN Nifty Smallcap 250 Index Fund | Index Fund | 1.00 | n/a |
Questions about Nippon India Nifty Smallcap 250 Index Fund
- What is the latest NAV of Nippon India Nifty Smallcap 250 Index Fund?
- The NAV of the Direct plan (growth option) was ₹34.8633 on 1 Oct 2026, as published by AMFI.
- Which category is Nippon India Nifty Smallcap 250 Index Fund in?
- It is classified as Index Fund in AMFI's daily NAV file; a Index Fund scheme passively tracks a stated index. MFIC compares it with 265 Index Fund schemes (Direct plans).
- What returns has Nippon India Nifty Smallcap 250 Index Fund delivered?
- Over one year the NAV changed by 4.4%. The 3-year CAGR is 12.6% (category median 8.7%) and the 5-year CAGR is 13.3% (category median 7.6%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 22.5%, the lowest was 12.6%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Nippon India Nifty Smallcap 250 Index Fund's NAV?
- The largest peak-to-trough fall in its available history was 26.9%; within the last five years it was 26.9% (category median 17.6%).
- How volatile is Nippon India Nifty Smallcap 250 Index Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 21.8%, which is above the Index Fund category median of 17.3%.
- What would a monthly SIP in Nippon India Nifty Smallcap 250 Index Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,37,059 on 1 Oct 2026, an annualised return (XIRR) of 13.3%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Nippon India Nifty Smallcap 250 Index Fund?
- The total expense ratio of the Direct plan is 0.41% a year, as disclosed to AMFI (median of Index Fund Direct plans: 0.46%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Nippon India Nifty Smallcap 250 Index Fund?
- Assets under management of the whole scheme were ₹3,454 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Nippon India Nifty Smallcap 250 Index Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of Nippon India Nifty Smallcap 250 Index Fund and how has it compared?
- Its official benchmark is the Nifty Smallcap 250 TRI. Over 3 years AMFI reports a return of 13.1% for this plan against 14.0% for the benchmark total return index; over 5 years 13.6% against 14.5%. Past performance does not indicate future results.
- How often has Nippon India Nifty Smallcap 250 Index Fund beaten its category?
- At 100% of the 36 month-ends compared over the last 10 years, its 3-year return was above the median of Index Fund schemes (Direct plans); it was in the top quarter at 75% of them. A typical scheme would show about 50%.
- Who manages Nippon India Nifty Smallcap 250 Index Fund?
- According to its Scheme Summary Document, Nippon India Nifty Smallcap 250 Index Fund is managed by Himanshu Mange (since 23 Dec 2023).
- What is the exit load of Nippon India Nifty Smallcap 250 Index Fund?
- As stated in its scheme documents: No Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Nippon India Nifty Smallcap 250 Index Fund?
- The minimum application amount is ₹100. SIP details: SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP Rs. 500 STP Fixed STP: Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation STP: Monthly/ Quarterly - Rs. 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 4.4% and the Regular plan's by 3.7%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.