Fundalysisby DARKHORSESTOCKS

Scheme

HDFC Nifty Smallcap 250 ETF

Holds 251 companies worth ₹2,688 Cr in Sept 2026.

  • Fund house

    HDFCThe fund house that runs this scheme.

  • AUM

    ₹2,708 CrHDFC Nifty Smallcap 250 ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.6% on Aug 2026, ₹2,691 Cr.

  • Largest holding

    Sona Blw Precision ForgingsSona Blw Precision Forgings is 1.7% of this scheme's NAV.

  • Fund manager

    Abhishek MorRuns it since 15 Feb 2023, as the fund house dates it. With Arun Agarwal (co-manager), Nandita Menezes (co-manager).

Overview(14 Sept 2026)

Fund managers3

  1. Abhishek MorFund manager · Feb 2023 · 7y · CA B.Com
  2. Arun AgarwalCo-manager · Feb 2023 · 25y · CA B.Com
  3. Nandita MenezesCo-manager · Apr 2025
  1. Nirman MorakhiaFeb 2023 – Apr 2025

Key facts

Benchmark
NIFTY Smallcap 250 Index (TRI)
Risk
Very High
Expense
Regular 0.26% · Direct 0%
Exit load
Nil
Started
15 Feb 2023
Minimum
On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can subscribe (buy) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the Fund: Market Makers and Large Investors* may approach the Fund directly for subscription of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. *The minimum application amount for Large Investors shall be Rs. 25 Crores (apart from the requirement of the application being in multiples of Creation Unit Size). Each Creation Unit Size will consist of 35,000 Units of the ETF and 1 Unit of the ETF will be approximately equal to 1/100th of the value of NIFTY Smallcap 250 Index (TRI). For details, refer Scheme Information Document (SID) available on the website.

Source.Its Scheme Summary Document as of 14 Sept 2026 at AMFI.

What changed(4 changes)

Sept 2026

1 change
  1. Expense ratio
    14 SeptRegular 0.25% → 0.26%

Nov 2025

1 change
  1. Expense ratio
    12 NovRegular 0.2% → 0.25%

Apr 2025

2 changes
  1. Nandita Menezes joined
    11 Apras co-manager
  2. Nirman Morakhia left
    11 Aprran it as co-manager from Feb 2023

Source.Its filings at NSE, since Sept 2024.

Fund managers over time(Feb 2023 – now)

  1. Abhishek Mor
  2. Arun Agarwal
  3. Nandita Menezes
  4. Nirman Morakhia
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Sept 2024 – Sept 2026)

Every change to the expense ratio, newest first.
3 changesRegularDirectΔ pt
14 Sept 20260.26%0.00%0
12 Nov 20250.25%0.00%0
15 Sept 20240.20%0.00%–
Direct plan, 14 Sept 2026
0.00%
Regular plan 0.26% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(14 Sept 2026)

Objective

To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY Smallcap 250 Index, subject to tracking error.There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended scheme replicating/tracking NIFTY Smallcap 250 Index (TRI)
Benchmark
NIFTY Smallcap 250 Index (TRI)

Asset allocation it may hold% of NAV

  1. Securities covered by NIFTY Smallcap 250 Index (TRI)
    Allowed95–100%
  2. Debt Securities & Money Market Instruments
    Allowed0–5%Holds0.7%

Holds in Sept 2026.99.3% equity · 0.7% debt and cash

How to invest(14 Sept 2026)

Buying

To start
On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can subscribe (buy) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the Fund: Market Makers and Large Investors* may approach the Fund directly for subscription of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. *The minimum application amount for Large Investors shall be Rs. 25 Crores (apart from the requirement of the application being in multiples of Creation Unit Size). Each Creation Unit Size will consist of 35,000 Units of the ETF and 1 Unit of the ETF will be approximately equal to 1/100th of the value of NIFTY Smallcap 250 Index (TRI). For details, refer Scheme Information Document (SID) available on the website., then re. 1
Systematic
SIP, SWP, STP: Not Applicable
Dates
SIP, SWP, STP: Not Applicable
Minimum
SIP, SWP, STP: Not Applicable, then sIP, SWP, STP: Not Applicable
Instalments
SIP, SWP, STP: Not Applicable
Most
SIP, SWP, STP: Not Applicable

Selling and switching

To redeem
On an On-going Basis: A. On the Stock Exchange: Investors (including Market Makers and Large Investors) can redeem (sell) Units on a continuous basis on the Stock Exchanges, in minimum lot of 1 (one) unit and in multiples thereof. B. Directly with the Fund: Market Makers and Large Investors may approach the Fund directly for redemption of units of the ETF at the Intra-Day NAV in multiples of Creation Unit size. Each Creation Unit Size will consist of 35,000 Units of the ETF and 1 Unit of the ETF will be approximately equal to 1/100th of the value of NIFTY Smallcap 250 Index (TRI).. For details, refer Scheme Information Document (SID) available on the website. or No minimum redemption criterion for Unit based redemption units
Minimum balance
There is no minimum balance amount requirement. or There is no minimum balance amount in units requirement. units
Switch most
Switch in: Not Applicable Switch out: Not applicable. or Switch in: Not Applicable Switch out: Not applicable. units

Scheme details(14 Sept 2026)

What it is

Category
Exchange Traded Fund
Offer
30 Jan 2023 to 13 Feb 2023
Started
15 Feb 2023
Reopened
21 Feb 2023
Face value
The Face Value of each unit will be approximately 1/100th Value of Underlying Index as on date of Allotment of Units for the New Fund Offer. On allotment, value of each unit will be approximately equal to 1/100th of the value of NIFTY Smallcap 250 Index.
Listed
Listed on the Capital Market Segment of the NSE and BSE

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
SBI-SG Global Securities Services Private Limited
Auditor
S.R. Batliboi & Co. LLP – Chartered Accountants
Registrar
Computer Age Management Services Limited
SEBI code
HDFC/O/O/EET/22/10/0113