{"id":253229,"date":"2026-09-17T14:29:24","date_gmt":"2026-09-17T08:59:24","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/"},"modified":"2026-09-17T14:29:24","modified_gmt":"2026-09-17T08:59:24","slug":"axis-nifty-smallcap-50-index-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/","title":{"rendered":"Axis Nifty Smallcap 50 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/axis-nifty-smallcap-50-index-fund-g-direct-plan\">Axis Nifty Smallcap 50 Index Fund Direct Growth Plan<\/a> had a NAV of \u20b920.6565 as of 16 Sep 2026 and an AUM of \u20b9783 Cr. Its 1-year, 3-year and 5-year returns are 10.68%, 18.05% and 0%, and the scheme sits in the High Risk category.<\/p>\n<p>Our view is that this is best read as a small-cap index option with noticeable short-term swings but a better 3-year than 1-year pattern. The benchmark behaviour has been weaker than the fund over the same periods, while the portfolio is still concentrated in a handful of positions, so investors need comfort with volatility and with the way small-cap holdings can move differently from broader market benchmarks.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Axis_Nifty_Smallcap_50_Index\" title=\"Should you BUY or HOLD Axis Nifty Smallcap 50 Index?\">Should you BUY or HOLD Axis Nifty Smallcap 50 Index?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/axis-nifty-smallcap-50-index-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b920.6565 as of 16 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b9783 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.27%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>10 Mar 2022<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Index Funds<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>No exit load<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Nandik Mallik, Rohit Gautam<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Nandik Mallik and Rohit Gautam.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-2.07%<\/td>\n<td>-4.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>5.89%<\/td>\n<td>-3.60%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>10.68%<\/td>\n<td>-7.76%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>18.05%<\/td>\n<td>5.74%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The recent pattern is mixed, but the fund has held up better than the benchmark across every period we can compare. Over 1 month, the fund was down less than the benchmark, and over 3 months it turned positive while the benchmark remained negative. That points to a fund that has recovered better in the near term than the index it is being compared with.<\/p>\n<p>The 1-year return of 10.68% also stands well above the benchmark\u2019s -7.76%. That gap matters because it suggests the fund\u2019s underlying small-cap basket has behaved very differently from the benchmark over the last year, even though both have been volatile. For investors, that means the fund has not simply tracked a smooth market path; it has gone through drawdowns and rebounds.<\/p>\n<p>The longer view is stronger than the very short view. The 3-year return of 18.05% is still comfortably ahead of the benchmark\u2019s 5.74%, but the 1-month return of -2.07% shows that the path has not been straight. Because the 5-year figure is not available, we would avoid stretching the story beyond what is visible here and instead focus on the 3-year trend as the more informative horizon.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Axis_Nifty_Smallcap_50_Index\"><\/span>Should you BUY or HOLD Axis Nifty Smallcap 50 Index?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Axis Nifty Smallcap 50 Index? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-nifty-smallcap-50-index-fund-g-direct-plan\">Axis Nifty Smallcap 50 Index Fund Direct Growth Plan<\/a><\/td>\n<td>10.68%<\/td>\n<td>18.05%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-nasdaq-100-index-fund-g-direct-plan\">ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan<\/a><\/td>\n<td>29.31%<\/td>\n<td>30.01%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/tata-nifty-capital-markets-index-fund-g-direct-plan\">Tata Nifty Capital Markets Index Fund Direct Growth Plan<\/a><\/td>\n<td>21.45%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-nifty-capital-market-index-fund-g-direct-plan\">Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan<\/a><\/td>\n<td>21.13%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/motilal-oswal-nifty-midsmall-financial-services-index-fund-g-direct-plan\">Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct Growth Plan<\/a><\/td>\n<td>20.68%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/icici-pru-nifty-pharma-index-fund-g-direct-plan\">ICICI Pru Nifty Pharma Index Fund Direct Growth Plan<\/a><\/td>\n<td>17.57%<\/td>\n<td>18.84%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The fund\u2019s 1-year return trails the strongest peer returns in this set, but its 3-year result remains solid and ahead of one comparable peer with a 3-year history. That makes the short-term comparison less flattering than the medium-term one. We see a split story: some peers have been stronger over 1 year, while the available longer-horizon figures show this fund still has a credible 3-year outcome relative to the comparison set.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Sona BLW Precision Forgings Limited<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>4.42%<\/td>\n<\/tr>\n<tr>\n<td>Karur Vysya Bank Limited<\/td>\n<td>Bank<\/td>\n<td>3.98%<\/td>\n<\/tr>\n<tr>\n<td>Navin Fluorine International Limited<\/td>\n<td>Chemicals<\/td>\n<td>3.87%<\/td>\n<\/tr>\n<tr>\n<td>Welspun Corp Limited<\/td>\n<td>Iron &amp; Steel<\/td>\n<td>3.8%<\/td>\n<\/tr>\n<tr>\n<td>Piramal Finance Limited<\/td>\n<td>Finance<\/td>\n<td>3.36%<\/td>\n<\/tr>\n<tr>\n<td>Delhivery Limited<\/td>\n<td>Logistics<\/td>\n<td>3.1%<\/td>\n<\/tr>\n<tr>\n<td>Central Depository Services (India) Limited<\/td>\n<td>Business Services<\/td>\n<td>3.03%<\/td>\n<\/tr>\n<tr>\n<td>RBL Bank Limited<\/td>\n<td>Bank<\/td>\n<td>2.85%<\/td>\n<\/tr>\n<tr>\n<td>Gland Pharma Limited<\/td>\n<td>Healthcare<\/td>\n<td>2.79%<\/td>\n<\/tr>\n<tr>\n<td>City Union Bank Limited<\/td>\n<td>Bank<\/td>\n<td>2.68%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding, Sona BLW Precision Forgings Limited, carries a 4.42% weight, so no single position dominates the portfolio on its own. The tenth holding is still meaningful at 2.68%, which tells us the drop from the top slot to the tenth is present but not extreme.<\/p>\n<p>The top 10 holdings together account for approximately 33.88% of the portfolio, and the scheme discloses 50 holdings in total. That combination suggests a portfolio that is spread across many names, yet the larger positions are still important enough to shape short-term movement. In our view, this kind of structure may reduce reliance on one stock, while still leaving the fund sensitive to the behaviour of a relatively important core group.<\/p>\n<p>Because the disclosed holdings extend beyond the top 10, the tail matters too. Even so, the visible weights show a moderate concentration at the top rather than a very evenly spread book. For investors, that means the fund can look diversified at a broad level while still having a set of positions that could influence performance more than the rest.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/axis-nifty-smallcap-50-index-fund-g-direct-plan\">Axis Nifty Smallcap 50 Index Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund fits investors who are comfortable with High Risk exposure and can hold through uneven short-term periods. The 1-year return has been much choppier than the 3-year trend, so the better lens is a multi-year horizon rather than a quick outcome.<\/p>\n<p>The main trade-off is that the portfolio can move sharply even when the longer 3-year record looks better than the benchmark. Investors who want small-cap style return potential may find the fund useful, but they need to accept that near-term performance can swing and that the benchmark comparison may look very different over shorter periods.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load:<\/strong> No exit load.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of Axis Nifty Smallcap 50 Index Fund Direct Growth Plan?<\/strong><br \/>Its NAV is \u20b920.6565 as of 16 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>Its 1-year return is 10.68%, its 3-year return is 18.05% and its 5-year return is 0% in the available record. The 5-year figure is not available for meaningful comparison here.<\/p>\n<p><strong>How has the fund behaved versus the benchmark?<\/strong><br \/>It has beaten the benchmark across the visible 1-month, 3-month, 1-year and 3-year periods. The difference is especially clear over 1 year, where the fund is positive while the benchmark is negative.<\/p>\n<p><strong>How does it compare with peer funds on 1-year performance?<\/strong><br \/>Its 1-year return is lower than several peer funds in the comparison set, while its 3-year result remains a solid medium-term outcome. The short-term and longer-term pictures are not the same.<\/p>\n<p><strong>Is there a minimum SIP amount?<\/strong><br \/>Yes. The minimum SIP amount is \u20b9100.<\/p>\n<p><strong>What are the portfolio and exit-load features?<\/strong><br \/>The largest disclosed holding is Sona BLW Precision Forgings Limited at 4.42%, and the top 10 holdings together account for approximately 33.88% of the portfolio. There is no exit load.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The fund\u2019s short-term pattern is mixed, but the 3-year record is stronger than the latest 1-month stretch and clearly better than the benchmark across the periods shown. Peer comparison paints a similar split: the fund is not the strongest on 1-year figures, yet its available 3-year outcome remains credible. With a High Risk label and a portfolio that still leans on a relatively important top group of holdings, it looks more suitable for investors who can tolerate volatility and judge the fund over a longer horizon.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 17 September 2026 at 2:27 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Axis Nifty Smallcap 50 Index Fund Direct Growth Plan\",\"identifier\":\"axis-nifty-smallcap-50-index-fund-g-direct-plan\",\"category\":\"Index Funds\",\"dateCreated\":\"10 Mar 2022\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":20.6565,\"valueReference\":\"as of 16 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"783 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.27\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":10.68},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":18.05},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Nandik Mallik, Rohit Gautam\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Axis Nifty Smallcap 50 Index Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its NAV is \u20b920.6565 as of 16 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is 10.68%, its 3-year return is 18.05% and its 5-year return is 0% in the available record. The 5-year figure is not available for meaningful comparison here.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund behaved versus the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has beaten the benchmark across the visible 1-month, 3-month, 1-year and 3-year periods. The difference is especially clear over 1 year, where the fund is positive while the benchmark is negative.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peer funds on 1-year performance?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is lower than several peer funds in the comparison set, while its 3-year result remains a solid medium-term outcome. The short-term and longer-term pictures are not the same.\"}},{\"@type\":\"Question\",\"name\":\"Is there a minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes. The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"What are the portfolio and exit-load features?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The largest disclosed holding is Sona BLW Precision Forgings Limited at 4.42%, and the top 10 holdings together account for approximately 33.88% of the portfolio. There is no exit load.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Axis Nifty Smallcap 50 Index Fund Direct Growth Plan looks like a high-risk small-cap index strategy with uneven shorter-term performance and a stronger 3-year trend. Here is our view on its NAV, returns, portfolio mix and investor fit.<\/p>\n","protected":false},"author":38,"featured_media":253228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-253229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["253228"],"rank_math_title":["Axis Nifty Smallcap 50 Index Fund Review 2026"],"rank_math_description":["Axis Nifty Smallcap 50 Index Fund Direct Growth Plan NAV is \u20b920.6565; 1Y return is 10.68% and 3Y return is 18.05% as of 16 Sep 2026."],"rank_math_focus_keyword":["Axis Nifty Smallcap 50 Index Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Axis_Nifty_Smallcap_50_Index_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_bullish.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=253229"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/253229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/253228"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=253229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=253229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=253229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}