Carnelian Small Cap Fund
- NAV as on 12 Nov 2026
- ₹10.16+0.89%1 day
- Return since launch
- 1.3%
- 52-week range
- ₹10.03 — ₹10.16
- AUM
- ₹72.63 Cr
Carnelian Small Cap Fund is a Small Cap equity fund from Carnelian Mutual Fund with ₹72.63 Cr under management, launched in 2026. The expense ratio is 0.00% and the SEBI riskometer reading is Very High.
Performance
Carnelian Small Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.3% against +2.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
Since launch (16 Oct 2026): 1.3%
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.00%
Expense ratio
Charged yearly and already deducted from the NAV.
- Exit load
- Exit load of 1%, if redeemed within 365 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Smallcap 250 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Carnelian Small Cap Fund portfolio
What the fund owns, and how much of it.
Asset allocation
- Debt88.1%
- Other11.9%
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹12,797 Cr | 2.04% | 27.8% | 15.5% | 20.6% |
 Bandhan Small Cap Fund | ₹35,204 Cr | 1.73% | 16.8% | 13.2% | 20.7% |
 Invesco India Small Cap Fund | ₹16,320 Cr | 1.83% | 30.9% | 17.2% | 21.1% |
 Mahindra Manulife Small Cap Fund | ₹5,180 Cr | 2.17% | 25.5% | 13.4% | — |
 Bank of India Small Cap Fund | ₹3,685 Cr | 2.25% | 37.9% | 17.9% | 20.0% |
 ITI Small Cap Fund | ₹3,597 Cr | 2.20% | 27.9% | 15.6% | 20.8% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related securities of Small Cap companies.
Fund managers
- Deepak MalikCFA, USA; International Business Program, IIM Calcutta; MBA (Marketing and Finance); B.SCPrior to joining the Carnelian AMC, he was associated with Carnelian Asset Management and Advisors Pvt. Ltd, Faering Capital Pvt. Ltd, Edelweiss Securities Ltd and Axis Mutual Fund.
- Viraj ParekhIntegrated Professional Competence Course (IPCC) from the Institute of Chartered Accountants of India and B.Com from Narsee Monjee College.Prior to joining the Carnelian AMC, Viraj was a Research Analyst at Carnelian Asset Management & Advisors Private Limited.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
No return history published for this fund yet.
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.