๐Ÿ“Š Small Cap Fund ยท Deep Analysis

Tata Small Cap Fund

Direct Growth ยท SEBI Category: Small Cap Fund ยท AMC: Tata Mutual Fund

Current NAVLoading...
1 Year Returnโ€”
3 Year Returnโ€”
5 Year Returnโ€”
AUMโ‚น8,400 Cr+
Expense Ratio0.28%
Min SIPโ‚น150/mo
Live data: Fetching from MF API India โ€” charts and returns loading below...
Fund Overview

Tata Small Cap Fund โ€” Quick Summary

Tata Small Cap Fund was launched in November 2018 and quickly became one of the most admired small cap funds in India. Despite being a relatively newer entrant, it boasts one of the lowest expense ratios in the category at just 0.28% โ€” remarkably cheap for an active small cap fund. Under Chandraprakash Padiyar's management, the fund has delivered exceptional risk-adjusted returns with a disciplined growth-at-reasonable-price philosophy.

Fund House
Tata Mutual Fund
Category
Small Cap Fund
Launch Date
November 2018
AUM
โ‚น8,400 Cr+
Expense Ratio
0.28% (Direct)
Minimum SIP
โ‚น150/mo
Benchmark
Nifty Smallcap 250 TRI
Exit Load
1% if < 1 year
Fund Manager
Chandraprakash Padiyar
Risk Level
Very High
Ideal Horizon
7+ Years
LTCG Tax
12.5% above โ‚น1.25L

โœ“ Suitable For

โœ“Investors with 7+ year horizon who can stay patient through crashes
โœ“SIP investors doing rupee cost averaging every month without stopping
โœ“Those seeking high wealth creation and comfortable with high volatility
โœ“Experienced investors using this as a satellite allocation in a diversified portfolio

โœ— Not Suitable For

โœ—First-time investors โ€” start with a large cap or hybrid fund first
โœ—Anyone who needs money within 3โ€“5 years โ€” small caps can be down for years
โœ—Investors who panic sell โ€” 40โ€“50% crashes are normal in this category
โœ—Those making it their only fund โ€” concentration in small caps is dangerous
Who Runs This Fund

Fund Manager

CA
Chandraprakash Padiyar
Senior Fund Manager, Tata Mutual Fund
Managing Since
2018
Experience
22+ Years
Funds Managed
4 Funds
Total AUM
โ‚น18,000 Cr+

Chandraprakash Padiyar is widely regarded as one of the sharpest small cap stock pickers in India. His approach is a concentrated growth strategy โ€” owning high-conviction businesses for the long run. He keeps portfolio turnover very low and focuses on identifying companies with durable competitive advantages. The results speak for themselves โ€” Tata Small Cap has consistently outperformed peers.

Fund History

Key Moments in Fund's Life

November 2018
๐Ÿš€ Fund Launch
Launched after SEBI's recategorisation exercise. Tata MF entered the small cap space with a fresh portfolio and a clear mandate. The timing was actually good โ€” launching after the 2018 correction.
2019
๐Ÿ“ˆ First Full Year โ€” Solid Start
The fund navigated the first full year well, building a quality portfolio at reasonable valuations in a market recovering from the NBFC crisis.
March 2020
๐Ÿ’ฅ COVID Crash โ€” But Faster Recovery
Fund drew down sharply in the COVID crash. However, Padiyar's high-conviction portfolio recovered faster than many peers due to quality stock selection.
2021 โ€” 2022
๐Ÿ† Breakout Performance
The fund delivered exceptional returns post-COVID, significantly outperforming the benchmark. This period cemented its reputation as a top-performing small cap fund.
2023
โญ Consistent Ranking Leader
Tata Small Cap began appearing regularly in top-5 rankings across multiple return periods, attracting significant fresh inflows.
2024
๐Ÿ“Š AUM Crosses โ‚น8,000 Cr
Rapid AUM growth driven by consistently strong performance and growing investor recognition of Chandraprakash Padiyar's stock picking ability.
What They Don't Tell You

The Dark Chapters

Every fund has painful periods. Here's an honest look at when Tata Small Cap Fund struggled โ€” because understanding this is crucial before investing.

November 2018 โ€” March 2020
Launched Into Turbulence
Tata Small Cap Fund had a difficult start โ€” launched post SEBI recategorisation into a market already weakened by the NBFC crisis. Within 18 months of launch, COVID struck and the NAV crashed. NFO investors spent a long time in losses before recovering.
Early investors in losses for 18+ months
Limited History
Only 6 Years Old โ€” Incomplete Picture
Like all funds launched post-2018, Tata Small Cap has not been tested through a prolonged bear market of the 2015-2016 or 2018-2020 type with its current AUM. Its excellent performance is real, but investors should be aware that 6 years is not a complete market cycle.
Risk: Unproven with large AUM in full cycle
AUM Risk
Rapid Growth May Challenge Small Cap Deployment
From nearly zero AUM in 2018 to โ‚น8,400 Cr+ in 2024 โ€” the pace of AUM growth is exceptional. But managing โ‚น8,400 Cr in small caps (limited liquidity stocks) is fundamentally different from managing โ‚น500 Cr. The manager's stock picking will face greater challenges as AUM grows.
AUM scale vs small cap liquidity tension
โš ๏ธ Educational Disclaimer: The dark chapters above are presented for educational awareness only. Past difficulties do not predict future performance. CRNIndia.com is NOT a SEBI/AMFI registered advisor. Please consult a qualified financial advisor before investing.
Live Data Sections Below
Performance

Returns vs Benchmark

1 Month
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Nifty SC: โ€”
3 Month
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Nifty SC: โ€”
6 Month
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Nifty SC: โ€”
1 Year
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Nifty SC: โ€”
3 Year CAGR
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Nifty SC: โ€”
5 Year CAGR
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Nifty SC: โ€”
10 Year CAGR
โ€”
Nifty SC: โ€”
Since Inception
โ€”
Sep 2009
Consistency Analysis

Rolling Returns โ„น๏ธ What is this?

Rolling returns show how the fund performed across every possible investment period โ€” not just one cherry-picked date. This reveals true consistency. Learn more โ†’

1Y Rolling (Avg)
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% of times positive: โ€”
3Y Rolling (Avg)
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% of times positive: โ€”
5Y Rolling (Avg)
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% of times positive: โ€”
1-Year Rolling Returns Each point = 1yr return from that date
Risk Analysis

Maximum Drawdown โ„น๏ธ What is this?

Drawdown shows the biggest fall from peak NAV. This is what investors actually experience during market crashes. Learn more โ†’

Max Drawdown Ever
โ€”
Recovery time: โ€”
2020 Covid Crash
-40.2%
Recovery: 14 months
2018 IL&FS Crisis
-28.6%
Recovery: 24 months
Current from Peak
โ€”
Peak NAV: โ€”
Drawdown Chart % fall from rolling peak NAV
Valuation Signal

NAV vs 200-Day Moving Average

When NAV is above 200 DMA, the fund is in an uptrend. When below, it signals caution. Many investors use this as a simple entry/exit signal.

Current NAV
โ€”
200 DMA
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NAV vs DMA
โ€”
Loading signal...
NAV vs 200 DMA
Risk Metrics

Risk Ratios

Alpha (3Y)
โ€”
Excess return over benchmark. Higher is better.
Beta (3Y)
โ€”
Volatility vs market. >1 means more volatile.
Sharpe Ratio
โ€”
Return per unit of risk. >1 is considered good.
Sortino Ratio
โ€”
Like Sharpe but only penalises downside risk.
Std Deviation
โ€”
How much returns fluctuate. Lower = more stable.
R-Squared
โ€”
How closely it tracks the benchmark index.
Benchmark Comparison

Fund vs Nifty Smallcap 250

โ‚น1 Lakh invested โ€” Growth comparison
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