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    Nippon India Nifty Smallcap 250 Index Fund

    Direct and Regular plans, Growth and IDCW options

    Data as on 30-10-2026

    Nippon India Nifty Smallcap 250 Index Fund is a mutual fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹3,454 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 11.5% a year and its Regular plan returned 10.8% a year. Its benchmark, Nifty Smallcap 250 TRI, returned 12.3% a year over the same 3 years.

    NAV (Direct plan)
    ₹33.24
    ▼ 1.96%30-10-2026
    NAV (Regular plan)
    ₹31.93
    ▼ 1.96%30-10-2026
    Expense ratio
    0.48%Direct1.08%Regular
    Riskometer
    Not available
    Set by the fund house
    3 year return
    11.5%Direct10.8%Regular

    Nippon India Nifty Smallcap 250 Index Fund NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹33.24 (down 1.96% that day); Regular Plan Growth ₹31.93 (down 1.96% that day).

    Nippon India Nifty Smallcap 250 Index Fund Returns vs Nifty Smallcap 250 TRI

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Trailing returns
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)−5.79%−6.05%+0.35%−3.59%+11.49%+12.23%--
    This fund (Regular)−5.83%−6.19%+0.04%−4.18%+10.82%+11.51%--
    Nifty Smallcap 250 TRI−5.78%−5.87%+0.62%−3.15%+12.35%+13.11%+13.34%
    Category average--------------
    Best in category--------------
    Worst in category--------------
    Rank in category--------------

    No category comparison is shown: this fund's category is too broad to compare, or has fewer than five funds.

    Nippon India Nifty Smallcap 250 Index Fund Year-wise Returns

    Return of each calendar year
    YearDirectRegularNifty Smallcap 250 TRI
    2026to date+0.58%+0.08%+1.00%
    2025−6.42%−6.98%−5.48%
    2024+26.22%+25.48%+27.21%
    2023+48.04%+47.07%+49.09%
    2022−3.48%−4.19%−2.64%
    2021+61.37%+60.11%+63.34%

    Nippon India Nifty Smallcap 250 Index Fund Rolling Returns

    The return of every holding period in the fund's history, not only the one that ends today

    Rolling returns

    Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 745 periods, one for each trading day from 19-10-2023 to 30-10-2026.

    0%10%20%30%40%
    Jan 2021
    to
    Jan 2024
    Jul 2021
    to
    Jul 2024
    Jan 2022
    to
    Jan 2025
    Aug 2022
    to
    Aug 2025
    Feb 2023
    to
    Feb 2026
    Aug 2023
    to
    Aug 2026
    Nippon India Nifty Smallcap 250 Index Fund (Direct)Nifty Smallcap 250 TRI

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossBenchmark medianBeat benchmark
    1 year1,2398.2%−12.8%94.8%28%9.0%0%
    2 years99119.2%−3.3%49.2%4%20.3%0%
    3 years74522.3%10.6%35.5%0%23.2%0%
    5 years25216.4%11.5%28.5%0%17.3%0%

    Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Smallcap 250 TRI over the same days. Past returns do not promise future returns.

    Nippon India Nifty Smallcap 250 Index Fund Risk

    How much it swings, and the falls an investor had to sit through

    Risk and return

    MeasureNippon India Nifty Smallcap 250 Index Fund (Direct)This fundNifty Smallcap 250 TRI
    Return (CAGR)+11.49%+12.35%
    Standard deviation18.98%19.08%
    Sharpe ratio0.290.33
    Sortino ratio0.380.44
    Maximum drawdown−26.1% (03-03-2025)−26.0% (03-03-2025)
    Beta1.001.00
    Alpha−0.86%0.00%

    From daily NAVs, 30-10-2023 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

    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.

    −30%−25%−20%−15%−10%−5%0%
    202120222023202420252026
    Nippon India Nifty Smallcap 250 Index Fund (Direct)Nifty Smallcap 250 TRI
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    Nippon India Nifty Smallcap 250 Index Fund (Direct)−26.9%17-01-202220-06-202219-06-202312 months−10.4%
    Nifty Smallcap 250 TRI−26.6%17-01-202220-06-202215-06-202312 months−9.4%

    From the Direct plan's daily NAV since 19-10-2020, adjusted for unit splits, and Nifty Smallcap 250 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

    Nippon India Nifty Smallcap 250 Index Fund Expense Ratio and Costs

    What each plan charges a year, in force from 01-10-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratio
    Direct0.30%0.02%0.00%0.16%0.48%
    Regular0.81%0.02%0.00%0.25%1.08%

    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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file.

    Direct vs Regular: what the gap cost

    Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

    Over the lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year−4.18%−3.59%0.59%₹95,820₹96,410
    3 years10.82%11.49%0.67% a year₹1,36,099₹1,38,582
    5 years11.51%12.23%0.72% a year₹1,72,413₹1,78,051

    Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

    Nippon India Nifty Smallcap 250 Index Fund SIP Calculator

    What a one-time or monthly investment in this fund would be worth today, from its own NAV history

    Growth of an investment

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 19-10-2020 to 30-10-2026: 73 instalments, ₹7,30,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Direct planNippon India Nifty Smallcap 250 Index Fund (Direct) ₹7,30,000 ₹11,05,355 ₹3,75,355 13.5%
    Regular planNippon India Nifty Smallcap 250 Index Fund (Regular) ₹7,30,000 ₹10,79,875 ₹3,49,875 12.8%
    Nifty Smallcap 250 TRI ₹7,30,000 ₹11,37,435 ₹4,07,435 14.5%
    ₹0₹5.0 L₹10.0 L₹15.0 L
    202120222023202420252026
    Direct planNippon India Nifty Smallcap 250 Index Fund (Direct)Regular planNippon India Nifty Smallcap 250 Index Fund (Regular)Nifty Smallcap 250 TRIAmount invested

    From each plan's published NAV (Growth option), the benchmark's TRI, 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.

    Nippon India Nifty Smallcap 250 Index Fund Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    98.7%Equity

    AssetFund
    Equity98.7%
    Cash and others1.3%

    Market cap of stocks

    Market capFund
    Large Cap0.0%
    Mid Cap2.7%
    Small Cap95.0%
    Not on AMFI's list1.0%

    Share of the whole fund. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

    Nippon India Nifty Smallcap 250 Index Fund Sector Allocation

    Sector allocation of the fund's stocks as on 30-09-2026

    Largest sectors

    1. Industrial Products8.4%

    2. Auto Components8.4%

    3. Pharmaceuticals & Biotechnology7.7%

    4. Finance7.6%

    5. Chemicals & Petrochemicals5.7%

    6. Capital Markets5.4%

    7. Banks5.1%

    8. Electrical Equipment3.3%

    9. Construction3.2%

    10. Industrial Manufacturing2.9%

    The ten largest of 46 sectors. The other 36 add up to 40.9%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    Industrial Products7.1%7.8%8.4%+1.3%
    Auto Components6.7%6.9%8.4%+1.7%
    Pharmaceuticals & Biotechnology8.4%8.5%7.7%−0.7%
    Finance9.8%9.6%7.6%−2.2%
    Chemicals & Petrochemicals5.9%5.8%5.7%−0.2%

    Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

    Nippon India Nifty Smallcap 250 Index Fund Portfolio Holdings

    As on 30-09-2026 · 251 holdings · from the fund house's monthly portfolio

    HoldingsSectorWeight%Holdings trend1M change
    Sona BLW Precision Forgings LimitedAuto Components1.67%−2.7%
    Welspun Corp LimitedIndustrial Products1.59%−3.0%
    Karur Vysya Bank LimitedBanks1.37%−3.0%
    Navin Fluorine International LimitedChemicals & Petrochemicals1.36%−3.0%
    Ather Energy LimitedAutomobiles1.21%−4.0%
    Sterlite Technologies LimitedTelecom - Equipment & Accessories1.17%New
    RBL Bank LimitedBanks1.12%−2.8%
    Delhivery LimitedTransport Services1.10%+4.2%
    Redington LimitedCommercial Services & Supplies1.08%−3.0%
    HFCL LimitedTelecom - Services1.04%−3.0%

    Nippon India Nifty Smallcap 250 Index Fund Stocks Bought and Sold

    All changes are between August 2026 and September 2026

    More
    Stocks bought and sold in September 2026
    Sona BLW Precision Forgings LimitedReduced−2.7%1.67%
    Welspun Corp LimitedReduced−3.0%1.59%
    Karur Vysya Bank LimitedReduced−3.0%1.37%
    Ather Energy LimitedReduced−4.0%1.21%
    Navin Fluorine International LimitedReduced−3.0%1.36%
    Piramal Finance LimitedSold out−100%was 1.25%
    Sterlite Technologies LimitedNewNew1.17%
    Delhivery LimitedAdded+4.2%1.10%
    HFCL LimitedReduced−3.0%1.04%
    Central Depository Services (India) LimitedReduced−3.0%1.01%

    A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

    What Nippon India Nifty Smallcap 250 Index Fund bought and sold

    Nippon India Nifty Smallcap 250 Index Fund Portfolio Overlap

    Funds with the most similar portfolios, across every fund house and category

    FundOverlapHoldings in common
    Kotak Nifty Smallcap 250 Index FundIndex · Kotak Mahindra99.9%251Compare
    Groww Nifty Smallcap 250 Index FundIndex · Groww99.6%251Compare
    HDFC NIFTY Smallcap 250 ETFETF · HDFC99.0%250Compare
    Groww Nifty Smallcap 250 ETFETF · Groww98.8%250Compare
    SBI Nifty Smallcap 250 Index FundIndex · SBI98.7%251Compare
    Motilal Oswal Nifty Smallcap 250 Index FundIndex · Motilal Oswal98.7%249Compare
    Motilal Oswal Nifty Smallcap 250 ETFETF · Motilal Oswal98.5%249Compare
    SBI Nifty Smallcap 250 ETFETF · SBI98.4%251Compare

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

    Nippon India Nifty Smallcap 250 Index Fund Overview

    Fund facts from the scheme summary document

    Expense ratio (Direct)
    0.48%
    Expense ratio (Regular)
    1.08%
    Category
    Not available
    Risk
    Not available
    Benchmark
    Not available
    Launch date
    Not available
    Minimum investment
    Not available
    Minimum additional investment
    Not available
    AUM
    ₹3,453.50 Cr (30-09-2026)
    Lock in
    Not available
    Scheme code (Direct)
    148519
    ISIN (Direct)
    INF204KB15W0
    Scheme code (Regular)
    148518
    ISIN (Regular)
    INF204KB12W7
    NAV history
    From 19-10-2020, 6.0 years
    Exit load
    Not available

    Tax on Nippon India Nifty Smallcap 250 Index Fund returns

    • How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
    • A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
    • IDCW (dividend) payouts are added to your income and taxed at your slab rate.
    • A stamp duty of 0.005% is deducted when you invest.

    Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

    All plans and options

    PlanOptionNAVAs on
    directGrowth₹33.237330-10-2026
    directIDCW₹33.237330-10-2026
    regularGrowth₹31.925830-10-2026
    regularIDCW₹31.925830-10-2026

    About Nippon India Nifty Smallcap 250 Index Fund

    Nippon India Nifty Smallcap 250 Index Fund is a mutual fund from Nippon India Mutual Fund. At the end of September 2026 it held 251 securities.

    Fund Manager

    Not available

    See all funds of Nippon India Mutual Fund

    AUM change

    September 2026
    ₹3,453.50 Cr
    −1.84% from August 2026
    August 2026
    ₹3,518.33 Cr
    +3.75% from July 2026
    July 2026
    ₹3,391.28 Cr
    +2.94% from June 2026

    AUM moves with money invested or taken out, and with the value of what the fund holds.

    Compare Nippon India Nifty Smallcap 250 Index Fund with Other Funds

    Returns, risk, costs and the stocks they share, side by side

    Frequently Asked Questions for Nippon India Nifty Smallcap 250 Index Fund

    What is the current NAV of Nippon India Nifty Smallcap 250 Index Fund?

    The Direct plan NAV is ₹33.2373. The Regular plan NAV is ₹31.9258, as on 30-10-2026.

    What are the returns of Nippon India Nifty Smallcap 250 Index Fund?

    The Direct plan returned −3.59% in 1 year, +11.49% a year over 3 years, +12.23% a year over 5 years. The Regular plan returned −4.18% in 1 year, +10.82% a year over 3 years, +11.51% a year over 5 years. These figures are as on 30-10-2026.

    What is the expense ratio of Nippon India Nifty Smallcap 250 Index Fund?

    The Direct plan charges 0.48% a year. The Regular plan charges 1.08% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

    What is the AUM of Nippon India Nifty Smallcap 250 Index Fund?

    Nippon India Nifty Smallcap 250 Index Fund managed ₹3,453.50 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of Nippon India Nifty Smallcap 250 Index Fund?

    At the end of September 2026 the largest holdings were SONACOMS (1.67%), WELCORP (1.59%), KARURVYSYA (1.37%), NAVINFLUOR (1.36%), ATHERENERG (1.21%). The fund held 251 securities in all.

    What did Nippon India Nifty Smallcap 250 Index Fund buy and sell in September 2026?

    It bought 32 new stocks: SJVN Limited, ACC Limited, Azad Engineering Ltd, KPIT Technologies Limited, Central Mine Planning & Design Institute Limited. It sold out of 33: BIKAJI FOODS INTERNATIONAL LIMITED, Go Digit General Insurance Limited, Bombay Burmah Trading Corporation Limited, Indegene Limited, Leela Palaces Hotels & Resorts Limited. It added shares in 16. It reduced 201.

    How do I invest in Nippon India Nifty Smallcap 250 Index Fund?

    Through Nippon India Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.

    How has Nippon India Nifty Smallcap 250 Index Fund performed against its benchmark?

    Its benchmark is Nifty Smallcap 250 TRI. The Direct plan returned +12.23% a year over 5 years. The benchmark returned +13.11% a year over 5 years.

    Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its 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.

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