Axis NIFTY Smallcap 50 Index Fund vs Bajaj Finserv Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis NIFTY Smallcap 50 Index Fund is an Index fund and Bajaj Finserv Small Cap Fund is a Small Cap fund. In the year to 30-10-2026, Axis NIFTY Smallcap 50 Index Fund (Direct) returned 5.1% and Bajaj Finserv Small Cap Fund (Direct) returned 7.8%. Axis NIFTY Smallcap 50 Index Fund charges 0.45% a year and Bajaj Finserv Small Cap Fund 0.98% (Direct plans). Their portfolios overlap 21.1%: they hold 13 of the same securities.
Axis NIFTY Smallcap 50 Index Fund
Index
- 1 year return
- 5.1%
- Expense ratio
- 0.45%
- NAV
- ₹19.84
Bajaj Finserv Small Cap Fund
Small Cap
- 1 year return
- 7.8%
- Expense ratio
- 0.98%
- NAV
- ₹10.67
Which is better, Axis NIFTY Smallcap 50 Index or Bajaj Finserv Small Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bajaj Finserv Small Cap returned more over 1 year: 7.8% against 5.1%.
- Axis NIFTY Smallcap 50 Index costs less: 0.45% a year against 0.98% (Direct plans).
- Bajaj Finserv Small Cap fell less in its worst fall since 22-07-2025: −16.2% against −18.8%.
- Bajaj Finserv Small Cap is the larger fund: ₹2,762 Cr against ₹778 Cr.
- Their portfolios overlap 21.1%: 13 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis NIFTY Smallcap 50 Index Fund | Bajaj Finserv Small Cap Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Bajaj Finserv Mutual Fund |
| Category | Index | Small Cap |
| AUM | ₹778 Cr (30-09-2026) | ₹2,762 Cr (30-09-2026) |
| NAV | ₹19.84 (Direct) | ₹10.67 (Direct) |
| Expense ratio (Direct) | 0.45% | 0.98% |
| Expense ratio (Regular) | 1.22% | 2.37% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY Smallcap 50 TRI | BSE 250 Smallcap TRI |
| Launch date | 10-03-2022 | 18-07-2025 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary |
| Exit load | Nil | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 6 months. |
Axis NIFTY Smallcap 50 Index vs Bajaj Finserv Small Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis NIFTY Smallcap 50 Index Fund (Direct) | −2.99% | −2.80% | +6.31% | +5.13% | +16.77% | -- | -- |
| Bajaj Finserv Small Cap Fund (Direct) | −5.33% | −1.45% | +6.02% | +7.76% | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | -- | -- | -- |
Category average: the average of the 36 Small Cap funds, same plan type.
Axis NIFTY Smallcap 50 Index vs Bajaj Finserv Small Cap: Year-wise Returns
| Year | Axis NIFTY Smallcap 50 IndexAxis NIFTY Smallcap 50 Index | Bajaj Finserv Small CapBajaj Finserv Small Cap |
|---|---|---|
| 2026to date | +8.50% | +10.57% |
| 2025 | −3.78% | -- |
| 2024 | +25.22% | -- |
| 2023 | +63.22% | -- |
Axis NIFTY Smallcap 50 Index vs Bajaj Finserv Small Cap: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 50 TRI, the benchmark of Axis NIFTY Smallcap 50 Index Fund
Rolling returns
Every 1-year holding period, 68 of them, one for each trading day from 22-07-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis NIFTY Smallcap 50 Index Fund (Direct)
Bajaj Finserv Small Cap Fund (Direct)
Nifty Smallcap 50 TRI
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis NIFTY Smallcap 50 Index | 0.0 | 10.3 | 13.2 | 38.2 | 35.3 | 2.9 | 0.0 | 13.0% | 13.6% | 1.0% | 20.9% | 0% |
| Bajaj Finserv Small Cap | 0.0 | 0.0 | 14.7 | 20.6 | 50.0 | 14.7 | 0.0 | 16.0% | 16.8% | 6.7% | 23.0% | 94% |
| Nifty Smallcap 50 TRI | 0.0 | 7.4 | 10.3 | 38.2 | 41.2 | 2.9 | 0.0 | 13.6% | 14.1% | 1.9% | 21.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Smallcap 50 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 22-07-2025. Past returns do not promise future returns.
Axis NIFTY Smallcap 50 Index vs Bajaj Finserv Small Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis NIFTY Smallcap 50 IndexAxis NIFTY Smallcap 50 Index Fund (Direct) | ₹1,60,000 | ₹1,70,304 | ₹10,304 | 9.2% |
| Bajaj Finserv Small CapBajaj Finserv Small Cap Fund (Direct) | ₹1,60,000 | ₹1,71,763 | ₹11,763 | 10.6% |
Axis NIFTY Smallcap 50 IndexAxis NIFTY Smallcap 50 Index Fund (Direct)
Bajaj Finserv Small CapBajaj Finserv Small Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis NIFTY Smallcap 50 Index vs Bajaj Finserv Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis NIFTY Smallcap 50 Index Fund (Direct) | Bajaj Finserv Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.13% | +7.76% |
| Standard deviation | 19.25% | 17.29% |
| Sharpe ratio | -0.01 | 0.15 |
| Sortino ratio | -0.01 | 0.20 |
| Maximum drawdown | −17.1% (23-03-2026) | −16.2% (23-03-2026) |
| Beta | 1.00 | 0.92 |
| Alpha | −0.93% | +12.10% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis NIFTY Smallcap 50 Index Fund (Direct) | Bajaj Finserv Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.09% | +5.26% |
| Standard deviation | 19.36% | 16.09% |
| Sharpe ratio | 0.52 | -0.00 |
| Sortino ratio | 0.70 | -0.00 |
| Maximum drawdown | −27.7% (20-06-2022) | −16.2% (23-03-2026) |
| Beta | 0.99 | 0.91 |
| Alpha | −1.06% | +10.08% |
From daily NAVs, 15-03-2022 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis NIFTY Smallcap 50 Index Fund (Direct)
Bajaj Finserv Small Cap Fund (Direct)
Nifty Smallcap 50 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis NIFTY Smallcap 50 Index Fund (Direct) | −18.8% | 23-07-2025 | 23-03-2026 | 07-05-2026 | 45 days | −7.4% |
| Bajaj Finserv Small Cap Fund (Direct) | −16.2% | 03-11-2025 | 23-03-2026 | 27-04-2026 | 35 days | −7.8% |
| Nifty Smallcap 50 TRI | −18.6% | 23-07-2025 | 23-03-2026 | 07-05-2026 | 45 days | −6.9% |
From daily values since 22-07-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis NIFTY Smallcap 50 Index Fund (Direct)
Bajaj Finserv Small Cap Fund (Direct)
Nifty Smallcap 50 TRI
Against Nifty Smallcap 50 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis NIFTY Smallcap 50 Index Fund (Direct) | 99% | 103% | 0.30% |
| Bajaj Finserv Small Cap Fund (Direct) | 105% | 106% | 5.21% |
From month-end values since 22-07-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis NIFTY Smallcap 50 Index vs Bajaj Finserv Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Axis NIFTY Smallcap 50 Index Fund, September 2026; Bajaj Finserv Small Cap Fund, September 2026
Holdings in common
- Overlap
- 21.1%
- Held by both
- 13
- Only in Axis NIFTY Smallcap 50 Index
- 36
- Only in Bajaj Finserv Small Cap
- 74
| Security | % of Axis NIFTY Smallcap 50 Index | % of Bajaj Finserv Small Cap |
|---|---|---|
| Welspun Corp Limited | 4.18% | 4.04% |
| Sona BLW Precision Forgings Limited | 4.39% | 2.34% |
| TD Power Systems Limited | 2.11% | 2.59% |
| RBL Bank Limited | 2.93% | 2.05% |
| Angel One Limited | 2.10% | 1.89% |
| Neuland Laboratories Limited | 2.16% | 1.87% |
| The Great Eastern Shipping Company Limited | 1.82% | 2.45% |
| Piramal Pharma Limited | 1.51% | 1.86% |
| Amber Enterprises India Limited | 1.71% | 1.00% |
| Acutaas Chemicals Limited | 2.00% | 0.80% |
| Onesource Specialty Pharma Limited | 1.41% | 0.77% |
| Redington Limited | 2.84% | 0.62% |
| Ather Energy Limited | 3.18% | 0.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.1% means 21.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis NIFTY Smallcap 50 Index Fund
| Security | % of fund |
|---|---|
| Karur Vysya Bank Limited | 3.61% |
| Navin Fluorine International Limited | 3.57% |
| Delhivery Limited | 2.90% |
| Gland Pharma Limited | 2.72% |
| Central Depository Services (India) Limited | 2.65% |
Largest holdings only in Bajaj Finserv Small Cap Fund
| Security | % of fund |
|---|---|
| Rubicon Research Limited | 3.50% |
| CRISIL Limited | 2.92% |
| Zydus Wellness Limited | 2.79% |
| Schaeffler India Limited | 2.73% |
| Timken India Limited | 2.70% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis NIFTY Smallcap 50 Index | Bajaj Finserv Small Cap |
|---|---|---|
| Equity | 97.5% | 94.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.5% | 5.1% |
Market cap of stocks
| Market cap | Axis NIFTY Smallcap 50 Index | Bajaj Finserv Small Cap |
|---|---|---|
| Large Cap | 0.0% | 0.0% |
| Mid Cap | 6.3% | 10.0% |
| Small Cap | 89.1% | 79.4% |
| Not on AMFI's list | 2.1% | 5.5% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis NIFTY Smallcap 50 Index | Bajaj Finserv Small Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 15.2% | 10.6% |
| Industrial Products | 6.4% | 12.6% |
| Banks | 11.2% | 5.6% |
| Capital Markets | 10.3% | 3.2% |
| Auto Components | 7.0% | 8.1% |
| Finance | 8.0% | 4.6% |
| Chemicals & Petrochemicals | 6.6% | 1.4% |
| Consumer Durables | 4.2% | 6.0% |
| Electrical Equipment | 4.9% | 5.1% |
The six largest sectors of each fund's stocks, % of the fund.
Axis NIFTY Smallcap 50 Index vs Bajaj Finserv Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis NIFTY Smallcap 50 Index Fund | Bajaj Finserv Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.45% | 0.98% |
| Base expense ratio (Direct) | 0.23% | 0.52% |
| Total expense ratio (Regular) | 1.22% | 2.37% |
| Base expense ratio (Regular) | 0.90% | 1.70% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Axis NIFTY Smallcap 50 Index Fund vs Bajaj Finserv Small Cap Fund: Frequently Asked Questions
What is the difference between Axis NIFTY Smallcap 50 Index Fund and Bajaj Finserv Small Cap Fund?
Axis NIFTY Smallcap 50 Index Fund is an Index fund, Bajaj Finserv Small Cap Fund is a Small Cap fund, run by Axis Mutual Fund and Bajaj Finserv Mutual Fund. Their portfolios overlap 21.1%. Axis NIFTY Smallcap 50 Index Fund charges 0.45% a year and Bajaj Finserv Small Cap Fund 0.98%.
Which has given higher returns, Axis NIFTY Smallcap 50 Index Fund or Bajaj Finserv Small Cap Fund?
Over 1 year: Axis NIFTY Smallcap 50 Index Fund +5.13%, Bajaj Finserv Small Cap Fund +7.76%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis NIFTY Smallcap 50 Index Fund or Bajaj Finserv Small Cap Fund?
Axis NIFTY Smallcap 50 Index Fund charges less: 0.45% a year against 0.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis NIFTY Smallcap 50 Index Fund and Bajaj Finserv Small Cap Fund overlap?
21.1%. They hold 13 of the same securities, the largest shared ones being WELCORP, SONACOMS, TDPOWERSYS. From each fund's latest monthly portfolio.
Which is riskier, Axis NIFTY Smallcap 50 Index Fund or Bajaj Finserv Small Cap Fund?
On SEBI's riskometer, Axis NIFTY Smallcap 50 Index Fund is rated Very High and Bajaj Finserv Small Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 19.25% and 17.29% a year.
Can I invest in both Axis NIFTY Smallcap 50 Index Fund and Bajaj Finserv Small Cap Fund?
Yes. 21.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis NIFTY Smallcap 50 Index Fund and Bajaj Finserv Small Cap Fund?
Axis NIFTY Smallcap 50 Index Fund: Nandik Malik, Rohit Gautam. Bajaj Finserv Small Cap Fund: Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.