MOATNOMICS Audit the Asset. Protect the Allocator.
Home › Mutual Funds › HDFC_SMALLCAP_DIR
Small Cap Fund SEBI Risk: Very High AMC: HDFC Mutual Fund

HDFC Small Cap Fund - Direct Plan - Growth

Benchmark: BSE 250 SmallCap TRI • Manager: Chirag Setalvad • Portfolio Date: 2026-09-30
Composite Health Score
89.4/100
INSTITUTIONAL_ALPHA
⚠️ Fiduciary Surveillance Alerts Triggered (1)
  • AUM Capacity Trap: Small-Cap AUM of ₹31,800 Cr exceeds the ₹25,000 Cr ceiling. Liquidity risk in market selloffs.
🔒 Deep Dive

Look-Through Forensics & Audit Narrative

The free report already shows fees, active share, holdings and the headline health score. The Deep Dive opens up what sits underneath the portfolio.

  • Weighted moat score and the top compounder holdings
  • Look-through accounting risk (ASRI) and promoter pledge exposure, with the flagged holdings named
  • Weighted margin of safety: is the portfolio at a DCF discount or premium
  • The written 7-pillar audit narrative, and the Forensic Desk can answer questions on all of it
One-time, permanent for this scheme

01: Dual-Sleeve Constituent Decomposition

Equity holdings evaluated via Forensic Equity Engine; Debt/bonds evaluated via Credit & Solvency Engine.
Equity: 22.4% (Score: 81.0) Debt: 0.0% (Score: 0.0) Cash / TREPS: 17.6%
Identifier Security Name Type Weight Sector / Rating Engine Score Diagnostic Notes
TREPS Cash Margin CASH_EQUIVALENT 17.6% CASH 100.0 Liquid Cash / Sovereign Collateral
ELECON ↗ Elecon Engineering Ltd EQUITY 3.9% Heavy Electricals 82.0 Verified 7-Pillar Equity Dossier Available
PRINCEPIPE ↗ Prince Pipes and Fittings EQUITY 3.6% Building Products 82.0 Verified 7-Pillar Equity Dossier Available
WENDT ↗ Wendt India Ltd EQUITY 3.4% Industrial Machinery 82.0 Verified 7-Pillar Equity Dossier Available
SUPRAJIT ↗ Suprajit Engineering Ltd EQUITY 3.2% Auto Ancillary 82.0 Verified 7-Pillar Equity Dossier Available
DYNAMATECH ↗ Dynamatic Technologies EQUITY 3.0% Aerospace & Defense 82.0 Verified 7-Pillar Equity Dossier Available
NEULANDLAB ↗ Neuland Laboratories Ltd EQUITY 2.8% Pharma Active Ingredients 82.0 Verified 7-Pillar Equity Dossier Available
FEDERALBNK ↗ Federal Bank Ltd EQUITY 2.5% Banks 73.0 Solid Core Holding (Pending 7-Pillar Audit)

02: True Diversification & Active Share

Exposing Closet Indexing: Active Share AS = 0.5 × ∑|w_fund - w_bench|
Active Share Score
81.0%
TRUE_ACTIVE_ALPHA

High Active Share: Portfolio significantly deviates from the passive benchmark, justified active fee.

Top 10 Holdings Concentration: 40.0%

03 & 04: Risk-Adjusted Alpha & Downside Capture

Evaluating asymmetrical compounding: Downside Capture Ratio vs Upside Capture Ratio.
Sortino Ratio
2.2
Downside Risk Only
Downside Capture
64.0%
Benchmark: ≤ 75%
Capture Spread
+40.0%
UCR (104.0%) - DCR
Hurst Exponent (H)
0.69
Persistent Momentum
3-Year Rolling Return Consistency: 88.0% of windows

05: Intermediary Fee Drag & Wealth Destruction

Direct Plan vs Regular Plan: Compounded wealth transfer to distributor commissions over time.
Annual Distributor Commission Drag
82.0 bps / yr (1.55% - 0.73%)
Time Horizon Direct Plan Value (Net) Regular Plan Value (Net) Cumulative Wealth Lost Percentage Corpus Destroyed
5 Years ₹1,705,652 ₹1,643,723 -₹61,929 3.6%
10 Years ₹2,909,249 ₹2,701,825 -₹207,424 7.1%
15 Years ₹4,962,166 ₹4,441,051 -₹521,115 10.5%
20 Years ₹8,463,729 ₹7,299,858 -₹1,163,871 13.8%

💡 Fiduciary Takeaway: A ₹10.0 Lakh investment loses ₹207,424 over 10 years purely to distributor commissions in the Regular plan.

← Back to Mutual Funds Screener Check Overlap with Another Fund →
Forensic Desk ⌘K