Axis Small Cap Fund vs Groww Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Small Cap Fund and Groww Small Cap Fund are both Small Cap funds. Axis Small Cap Fund charges 0.69% a year and Groww Small Cap Fund 1.06% (Direct plans). Their portfolios overlap 17.8%: they hold 25 of the same securities.
Which is better, Axis Small Cap or Groww 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.
- Axis Small Cap costs less: 0.69% a year against 1.06% (Direct plans).
- Groww Small Cap fell less in its worst fall since 02-02-2026: −10.8% against −11.6%.
- Axis Small Cap is the larger fund: ₹30,678 Cr against ₹966 Cr.
- Their portfolios overlap 17.8%: 25 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 Small Cap Fund | Groww Small Cap Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Groww Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹30,678 Cr (30-09-2026) | ₹966 Cr (30-09-2026) |
| NAV | ₹126.97 (Direct) | ₹12.09 (Direct) |
| Expense ratio (Direct) | 0.69% | 1.06% |
| Expense ratio (Regular) | 1.68% | 2.70% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| Launch date | 29-11-2013 | 29-01-2026 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Tejas Sheth, Mayank Hyanki, Krishnaa N | Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity) |
| Exit load | Exit load of 1% for investments beyond 10% if redeemed within 12 months | Exit load of 1%, if redeemed within 1 Year. |
Axis Small Cap vs Groww 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 Small Cap Fund (Direct) | −5.18% | −4.11% | +3.40% | +1.02% | +13.23% | +14.44% | +18.24% |
| Groww Small Cap Fund (Direct) | −6.67% | +0.37% | +10.28% | -- | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | -- | -- | -- | -- |
Category average: the average of the 36 Small Cap funds, same plan type.
Axis Small Cap vs Groww Small Cap: Year-wise Returns
| Year | AxisAxis Small Cap | GrowwGroww Small Cap | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | +4.39% | -- | +1.00% |
| 2025 | −0.95% | -- | −5.48% |
| 2024 | +26.40% | -- | +27.21% |
| 2023 | +35.57% | -- | +49.09% |
| 2022 | +4.11% | -- | −2.64% |
| 2021 | +60.71% | -- | +63.34% |
Axis Small Cap vs Groww Small Cap: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of both
Axis Small Cap vs Groww Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Small Cap Fund (Direct) | Groww Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.76% | +28.80% |
| Standard deviation | 14.59% | 18.04% |
| Sharpe ratio | 1.09 | 1.31 |
| Sortino ratio | 1.46 | 1.86 |
| Maximum drawdown | −34.6% (24-03-2020) | −10.8% (23-10-2026) |
| Beta | -- | 0.86 |
| Alpha | -- | +17.88% |
From daily NAVs, 05-12-2013 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 Small Cap Fund (Direct)
Groww Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Small Cap Fund (Direct) | −11.6% | 11-02-2026 | 23-03-2026 | 21-04-2026 | 29 days | −8.3% |
| Groww Small Cap Fund (Direct) | −10.8% | 23-09-2026 | 23-10-2026 | Not yet | -- | −8.6% |
| Nifty Smallcap 250 TRI | −13.0% | 11-02-2026 | 23-03-2026 | 17-04-2026 | 25 days | −9.4% |
From daily values since 02-02-2026, the first day every fund has.
Axis Small Cap vs Groww Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Small Cap Fund, September 2026; Groww Small Cap Fund, September 2026
Holdings in common
- Overlap
- 17.8%
- Held by both
- 25
- Only in Axis Small Cap
- 103
- Only in Groww Small Cap
- 42
| Security | % of Axis Small Cap | % of Groww Small Cap |
|---|---|---|
| City Union Bank Limited | 1.94% | 1.44% |
| Navin Fluorine International Limited | 1.40% | 1.38% |
| Craftsman Automation Limited | 1.33% | 1.59% |
| Multi Commodity Exchange of India Limited | 1.16% | 1.54% |
| Galaxy Surfactants Limited | 1.07% | 1.46% |
| Fine Organic Industries Limited | 1.06% | 1.92% |
| RBL Bank Limited | 1.03% | 0.98% |
| Narayana Hrudayalaya Limited | 0.97% | 1.44% |
| Krishna Institute Of Medical Sciences Limited | 2.46% | 0.88% |
| Ujjivan Small Finance Bank Limited | 0.85% | 2.89% |
| Data Patterns (India) Limited | 0.78% | 1.07% |
| Sagility Limited | 0.72% | 1.63% |
| CreditAccess Grameen Limited | 0.71% | 1.13% |
| Karur Vysya Bank Limited | 1.28% | 0.71% |
| Azad Engineering Ltd | 0.66% | 1.70% |
| Apar Industries Limited | 0.58% | 2.04% |
| S.J.S. Enterprises Limited | 1.01% | 0.57% |
| Mrs. Bectors Food Specialities Limited | 0.68% | 0.42% |
| Tenneco Clean Air India Limited | 0.40% | 2.83% |
| Dhoot Transmission Ltd | 0.31% | 1.14% |
| Engineers India Limited | 0.21% | 0.77% |
| Ather Energy Limited | 0.20% | 2.30% |
| Timken India Limited | 0.63% | 0.17% |
| SBFC Finance Limited | 0.13% | 1.38% |
| SPR Auto Technologies Ltd | 0.11% | 0.45% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.8% means 17.8% 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 Small Cap Fund
| Security | % of fund |
|---|---|
| Torrent Pharmaceuticals Limited | 2.32% |
| CCL Products (India) Limited | 2.24% |
| Sansera Engineering Limited | 1.86% |
| Sai Life Sciences Limited | 1.84% |
| Brigade Enterprises Limited | 1.54% |
Largest holdings only in Groww Small Cap Fund
| Security | % of fund |
|---|---|
| TD Power Systems Limited | 3.55% |
| Manipal Payment Identity Solutions Ltd | 3.50% |
| OnEMI Technology Solutions Limited | 2.75% |
| Kanohar Electricals Limited | 2.35% |
| Escorts Kubota Limited | 2.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Small Cap | Groww Small Cap |
|---|---|---|
| Equity | 90.3% | 87.6% |
| Debt | 0.5% | 0.0% |
| Cash and others | 9.2% | 12.4% |
Market cap of stocks
| Market cap | Axis Small Cap | Groww Small Cap |
|---|---|---|
| Large Cap | 6.3% | 0.0% |
| Mid Cap | 9.4% | 10.5% |
| Small Cap | 74.1% | 61.5% |
| Not on AMFI's list | 0.5% | 15.6% |
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 Small Cap | Groww Small Cap |
|---|---|---|
| Auto Components | 7.9% | 14.9% |
| Electrical Equipment | 2.8% | 10.7% |
| Chemicals & Petrochemicals | 8.5% | 5.5% |
| Banks | 7.7% | 8.3% |
| Industrial Products | 8.2% | 7.0% |
| Pharmaceuticals & Biotechnology | 7.6% | 2.6% |
| Finance | 6.0% | 7.2% |
| Healthcare Services | 5.6% | 6.4% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Small Cap vs Groww Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Small Cap Fund | Groww Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.69% | 1.06% |
| Base expense ratio (Direct) | 0.51% | 0.48% |
| Total expense ratio (Regular) | 1.68% | 2.70% |
| Base expense ratio (Regular) | 1.35% | 1.93% |
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
Compare Axis Small Cap with
Axis Small Cap Fund vs Groww Small Cap Fund: Frequently Asked Questions
What is the difference between Axis Small Cap Fund and Groww Small Cap Fund?
Both are Small Cap funds, run by Axis Mutual Fund and Groww Mutual Fund. Their portfolios overlap 17.8%. Axis Small Cap Fund charges 0.69% a year and Groww Small Cap Fund 1.06%.
Which has the lower expense ratio, Axis Small Cap Fund or Groww Small Cap Fund?
Axis Small Cap Fund charges less: 0.69% a year against 1.06%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Small Cap Fund and Groww Small Cap Fund overlap?
17.8%. They hold 25 of the same securities, the largest shared ones being CUB, NAVINFLUOR, CRAFTSMAN. From each fund's latest monthly portfolio.
Which is riskier, Axis Small Cap Fund or Groww Small Cap Fund?
On SEBI's riskometer, Axis Small Cap Fund is rated Very High and Groww Small Cap Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 14.59% and 18.04% a year.
Can I invest in both Axis Small Cap Fund and Groww Small Cap Fund?
Yes. 17.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Small Cap Fund and Groww Small Cap Fund?
Axis Small Cap Fund: Tejas Sheth, Mayank Hyanki, Krishnaa N. Groww Small Cap Fund: Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity).
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.