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How Many Stocks are India’s Largest Small Cap Funds Actually Holding?

Humpy Adepu

Nippon India Small Cap

Nippon India Small Cap Fund holds 254 stocks, the second-highest holding count among the seven funds shown. Its assets under management stand at Rs 82,580 crore, making it the largest fund by AUM in this comparison. The broad portfolio indicates exposure across many companies, reflecting a diversified approach within the small-cap category shown in the graphic above.

SBI Small Cap

SBI Small Cap Fund holds 68 stocks, the lowest stock count among the seven funds featured. Its AUM stands at Rs 42,631 crore. Despite having fewer holdings than most peers in the graphic, the fund represents a sizable small-cap portfolio, showing that assets under management and the number of individual stocks can differ significantly across funds in India.

HDFC Small Cap

HDFC Small Cap Fund holds 84 stocks and manages assets worth Rs 41,891 crore, according to the graphic. Its stock count sits above SBI Small Cap but below several other funds shown. The comparison highlights how small-cap funds can maintain different portfolio sizes while operating within the same investment category and serving investors seeking diversified market exposure overall.

Quant Small Cap

Quant Small Cap Fund holds 104 stocks, according to the graphic, with assets under management of Rs 35,557 crore. Its portfolio contains more stocks than SBI Small Cap and HDFC Small Cap, but fewer than several funds shown. The figures illustrate that portfolio breadth varies substantially among small-cap funds, even when their strategies target similar market segments overall.

Bandhan Small Cap

Bandhan Small Cap Fund holds 258 stocks, the highest stock count among the seven funds shown. Its AUM stands at Rs 34,176 crore. The portfolio count is slightly above Nippon India Small Cap, which holds 254 stocks. Together, the figures underline the wide range of holdings maintained by large small-cap funds and the differences in their portfolio construction approaches.

Axis Small Cap

Axis Small Cap Fund holds 128 stocks and has assets under management of Rs 31,448 crore, as shown in the graphic. Its holding count is higher than Quant, HDFC and SBI, but substantially lower than Bandhan and Nippon India. The comparison provides a snapshot of how portfolio breadth differs across prominent small-cap funds with varying AUM levels.

DSP Small Cap

DSP Small Cap Fund holds 82 stocks and manages assets worth Rs 21,659 crore, according to the graphic. Its stock count is close to HDFC Small Cap's 84 holdings, although the two funds differ in AUM. The figures show that similar numbers of holdings do not necessarily correspond to similar asset sizes within the small-cap fund category overall.

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