Axis Small Cap Fund vs Helios Small Cap Fund
Axis Small Cap Fund and Helios Small Cap Fund are both Small Cap funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR +13.72% vs —, 5-year CAGR +14.66% vs —, volatility 17.01% vs 24.49%, maximum drawdown −34.64% vs −16.90%. Their portfolios overlap by 18% (26 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis Small Cap | Helios Small Cap | |
|---|---|---|
| Fund house | Axis Mutual Fund | Helios Mutual Fund |
| Compared as | Small Cap | Small Cap |
| NAV | ₹131.1100 | ₹11.3200 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 5 Dec 2013 | 28 Nov 2025 |
| Track record | 12.9 yrs | 0.9 yrs |
| Fund size (AUM) | ₹30,678 Cr | ₹1,885 Cr |
| Securities held | 128 | 96 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Small Cap | Helios Small Cap | |
|---|---|---|
| 1 month | −1.10% | −0.18% |
| 3 months | −3.09% | −0.88% |
| 6 months | +3.94% | +12.08% |
| 1 year | +4.14% | — |
| 3 years (CAGR) | +13.72% | — |
| 5 years (CAGR) | +14.66% | — |
| 7 years (CAGR) | +21.27% | — |
| 10 years (CAGR) | +18.77% | — |
| Since launch (CAGR) | +22.04% | — |
| SIP return (XIRR, 5 years) ⓘ | +13.88% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis Small Cap | Helios Small Cap | |
|---|---|---|
| 2026 (year to date) | +7.79% | +15.16% |
| 2025 | −0.95% | — |
| 2024 | +26.40% | — |
| 2023 | +35.57% | — |
| 2022 | +4.11% | — |
| 2021 | +60.71% | — |
Risk
| Axis Small Cap | Helios Small Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 17.01% | 24.49% |
| Downside volatility ⓘ | 11.29% | 13.69% |
| Sharpe ratio ⓘ | 0.43 | 0.29 |
| Sortino ratio ⓘ | 0.64 | 0.53 |
| Maximum drawdown ⓘ | −34.64% | −16.90% |
| Recovery from that fall | 8 months | 1 months |
| Current fall from peak | −5.33% | −4.23% |
| Rolling 1-year return: worst | −14.79% | — |
| Rolling 1-year return: median | +16.31% | — |
| Rolling 1-year return: best | +100.71% | — |
| Share of 1-year periods with a loss | 10.73% | — |
Against each fund's benchmark
| Axis Small Cap | Helios Small Cap | |
|---|---|---|
| Beta ⓘ | 0.77 | — |
| Alpha (Jensen's, annualised) ⓘ | +0.46% | — |
| R² ⓘ | 93.10 | — |
| Upside capture | 83.85% | — |
| Downside capture | 79.83% | — |
| Tracking error | 6.86% | — |
| Information ratio | -0.14 | — |
| Treynor ratio | 8.81 | — |
Portfolio
Asset mix
| Axis Small Cap | Helios Small Cap | |
|---|---|---|
| Equity | 90.32% | 97.98% |
| Cash & equivalents | 2.13% | 2.02% |
| Debt | 0.49% | 0.00% |
Market-cap split (share of fund assets)
| Axis Small Cap | Helios Small Cap | |
|---|---|---|
| Large Cap | 6.31% | 2.10% |
| Mid Cap | 9.44% | 17.63% |
| Small Cap | 74.11% | 70.65% |
| Unclassified | 0.46% | 7.60% |
Concentration
| Axis Small Cap | Helios Small Cap | |
|---|---|---|
| Top 10 holdings | 18.67% | 17.16% |
| Effective number of stocks ⓘ | 108 | 84.5 |
| Securities held | 128 | 96 |
Portfolio overlap: 18%
26 companies are held by both funds; by weight, 18% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Axis Small Cap | Helios Small Cap |
|---|---|---|
| Syrma SGS Technology Ltd | 1.45% | 1.51% |
| Craftsman Automation Limited | 1.33% | 1.36% |
| Multi Commodity Exchange of India Limited | 1.16% | 1.91% |
| City Union Bank Limited | 1.94% | 1.15% |
| The Phoenix Mills Limited | 1.06% | 1.44% |
| Torrent Pharmaceuticals Limited | 2.32% | 1.04% |
| PNB Housing Finance Limited | 1.24% | 0.97% |
| Data Patterns (India) Limited | 0.78% | 1.54% |
| Minda Corporation Limited | 1.30% | 0.75% |
| Carborundum Universal Ltd. | 0.74% | 1.55% |
| Healthcare Global Enterprises Limited | 0.71% | 1.16% |
| Pine Labs Limited | 0.68% | 1.32% |
| Affle 3i Limited | 0.63% | 0.62% |
| PB Fintech Limited | 0.62% | 0.62% |
| Apar Industries Limited | 0.58% | 1.20% |
Top 10 holdings
Axis Small Cap
- Krishna Institute Of Medical Sciences Limited2.46%
- Torrent Pharmaceuticals Limited2.32%
- CCL Products (India) Limited2.24%
- City Union Bank Limited1.94%
- Sansera Engineering Limited1.86%
- Sai Life Sciences Limited1.84%
- Brigade Enterprises Limited1.54%
- Avalon Technologies Limited1.51%
- Welspun Corp Limited1.51%
- Syrma SGS Technology Ltd1.45%
Helios Small Cap
- Shadowfax Technologies Limited2.22%
- Multi Commodity Exchange of India Limited1.91%
- Ather Energy Limited1.77%
- Cartrade Tech Limited1.72%
- Swiggy Limited1.65%
- Redington Limited1.64%
- Edelweiss Financial Services Limited1.59%
- Tips Music Limited1.57%
- Carborundum Universal Ltd.1.55%
- Data Patterns (India) Limited1.54%
Sector exposure
| Axis Small Cap | Helios Small Cap | |
|---|---|---|
| Auto Components | 7.93% | 10.65% |
| Chemicals & Petrochemicals | 8.49% | 0.00% |
| Industrial Products | 8.18% | 4.04% |
| Capital Markets | 2.83% | 7.67% |
| Banks | 7.65% | 1.76% |
| Pharmaceuticals & Biotechnology | 7.62% | 7.54% |
| Healthcare Services | 5.57% | 6.76% |
| Finance | 6.00% | 3.72% |
| Commercial Services & Supplies | 0.18% | 4.78% |
| Transport Services | 0.43% | 4.72% |
| Electrical Equipment | 2.75% | 4.71% |
| Retailing | 0.84% | 4.09% |
| Realty | 3.71% | 2.16% |
| Consumer Durables | 3.70% | 2.16% |
Questions people ask
What is the difference between Axis Small Cap and Helios Small Cap returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +4.14% vs —; 3-year CAGR +13.72% vs —; 5-year CAGR +14.66% vs —; 10-year CAGR +18.77% vs —. Past returns do not indicate future returns.
How do Axis Small Cap and Helios Small Cap compare on risk?
Volatility (36 monthly returns, annualised) 17.01% vs 24.49%; Sharpe ratio 0.43 vs 0.29; Sortino ratio 0.64 vs 0.53; maximum drawdown −34.64% vs −16.90%; beta 0.77 vs —.
How much do Axis Small Cap and Helios Small Cap overlap?
By weight, 18% of the two portfolios is invested in the same companies; 26 stocks are held by both, the largest shared positions being Syrma SGS Technology Ltd, Craftsman Automation Limited, Multi Commodity Exchange of India Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis Small Cap and Helios Small Cap?
Axis Small Cap: large cap 6.3%, mid cap 9.4%, small cap 74.1%. Helios Small Cap: large cap 2.1%, mid cap 17.6%, small cap 70.7% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Axis Small Cap vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 4 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.