The Axis Small Cap Fund (launched 11 November 2013) invests predominantly in small‑cap companies using a bottom‑up stock‑selection approach focusing on scalable, asset‑light businesses. As of November 2025 its AUM is ~₹25,975 crore and expense ratio ~0.57%. The fund category “Small‑Cap Equity” has typical 3‑year annualised returns around ~18‑20%. Recent 3‑year return for this fund is ~20.4%. Allocation shows ~89% equity and ~8% cash/futures. Ideal for investors with 5‑7+ year horizon and high tolerance for volatility.