HDFC Small Cap Fund vs Axis Small Cap Fund
Updated June 2026 · both Small Cap funds · metrics from AMFI NAVs
In short: Axis Small Cap Fund has the higher 3-year return (+15.85%); Axis Small Cap Fund has the lower expense ratio (0.66%); Axis Small Cap Fund has the better risk-adjusted return (Sharpe 0.79). This is analysis from past data, not a recommendation.
| Metric | HDFC Small Cap Fund | Axis Small Cap Fund |
|---|---|---|
| 1Y return | -4.83% | -0.71% |
| 3Y CAGR | +13.95% | +15.85% |
| 5Y CAGR | +16.50% | +17.10% |
| Sharpe ratio | 0.74 | 0.79 |
| Max drawdown | -22.6% | -19.4% |
| Volatility | 17.4% | 15.2% |
| Alpha | -2.22% | +0.02% |
| Expense ratio (Direct) | 0.77% | 0.66% |
| AUM | ₹36.6K Cr | ₹25.6K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
Axis Small Cap Fund has the lower Direct-plan expense ratio (0.66%), versus 0.77% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
Axis Small Cap Fund has the higher 3-year CAGR (+15.85%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.