This smallcase invests in Equity ETFs which invest in Nifty 100 & Nifty Mid-Cap 150. It can switch the allocation on different market conditions with Min allocation of 30% and a max allocation of 70%. 

It invests in top 100 companies using ICICI Prudential Nifty 100 ETF . Top 100 companies are Large cap companies are usually well established & increases the stability of the portfolio with expediting return generation. 

it invest in Nifty Mid-Cap 150 companis via Nippon India ETF Nifty Midcap 150. These 150 companies medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall but maximized return in long term if invested regularly.. So while you can expect higher volatility in short term it provides higher returns in the long term.

This portfolio is best suited for long term value appreciation, When you invest for five years or more, you can expect gains that can easily beat the inflation rate and return from any traditional investment products.