ITI Small Cap Fund
ITI Mutual Fund · Small Cap · Regular plan, growth option
NAV (₹), 1 Oct 2026
33.0666
1-day change
-1.28%
1Y return
17.8%
3Y CAGR
21.3%
5Y CAGR
16.2%
Max drawdown, 5Y
−30.1%
NAV history month-end NAV, ₹ · 19 Feb 2020 to 1 Oct 2026
Returns vs Small Cap median (36 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -3.7% | -3.6% |
| 3 months | 2.3% | 1.2% |
| 6 months | 29.2% | 23.5% |
| Year to date | 17.9% | 11.2% |
| 1 year | 17.8% | 11.3% |
| 3 years (CAGR) | 21.3% | 13.5% |
| 5 years (CAGR) | 16.2% | 14.2% |
| 7 years (CAGR) | n/a | 21.7% |
| 10 years (CAGR) | n/a | 16.0% |
| Since first NAV (CAGR) | 19.8% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 18.5% | 12.5% |
| 3Y rolling median | 24.3% | 19.2% |
| 3Y rolling worst | 12.0% | 2.4% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 52% | 49% |
| 5Y rolling median | 19.7% | 19.7% |
| 5Y rolling worst | 14.3% | 3.6% |
| 5Y periods ahead of benchmark | 18% | 60% |
Benchmark: Nifty Smallcap 250 (proxy: Motilal Oswal Nifty Smallcap 250 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 20.1% | 19.9% |
| Sharpe ratio | 0.75 | 0.41 |
| Sortino ratio | 1.26 | 0.65 |
| Beta | 0.88 | 0.86 |
| Alpha (ann.) | 8.7% | 1.6% |
| Upside capture | 98.81 | 86.18 |
| Downside capture | 74.14 | 84.62 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −40.0% | −29.9% |
| Maximum drawdown, last 10Y | n/a | −48.2% |
| Maximum drawdown, last 5Y | −30.1% | −24.4% |
| Current drawdown | −5.0% | −4.4% |
| Recovery time of worst fall | 238 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
17,589.05 −1.18%
NSE close, 1 Oct 2026
- P/E 34.1: higher than 90% of days since 2023 (median 30.2)
- 1Y +3.6% · 3Y +12.2% p.a. · 5Y +12.8% p.a. (index fund NAV, after costs)
- −5.1% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.20% a year and the Direct plan's 0.84%, a gap of 1.36%; over the last 3 years the Direct plan returned 1.91 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹31,08,911.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 2.22% to 2.20% (AMFI TER disclosure)
- 16 Sep 2026: TER reduced from 2.23% to 2.22% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 2.22% to 2.23% (AMFI TER disclosure)
- 3 Sep 2026: TER reduced from 2.23% to 2.22% (AMFI TER disclosure)
- 2 Sep 2026: TER increased from 2.22% to 2.23% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Dhimant Shah | Fund Manager | 8 Aug 2022 |
| Alok Ranjan | Fund Manager | 8 May 2026 |
Objective: The investment objective of the Scheme is to generate capital appreciation by predominantly investing in equity and equity related securities of small cap companies. However, there can be no assurance that the investment objective of the scheme would be achieved.
Stated asset allocation: Equity, Units issued by REITs and Equity related instruments of small cap companies 65%-100%, Equity, Units issued by REITs and Equity Related Instruments of other than small cap companies 0%-35%, Debt and Money Market Instruments - 0%-35%, Units issued by InvITs 0%-10%
Benchmark (tier 1): Nifty Smallcap 250 Total Return Index
Exit load: If redeemed/Switched out on or before 3 Months from the date of allotment; Exit Load is 0.50% Exit Load after completion of 3 months - NIL
Minimum application: ₹5,000
Allotment date: 17 Feb 2020
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 2.20% | 2.06% |
| AUM, whole scheme (₹ crore) | 3,666 | 5,596 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 20.4% | 7.2% TRI |
| Return, 3 years (AMFI) | 21.7% | 14.0% TRI |
| Return, 5 years (AMFI) | 16.4% | 14.5% TRI |
| Month-ends above category median (3Y CAGR) | 52% | 52% median |
| Month-ends in category top quartile (3Y) | 50% | 28% median |
Official benchmark: Nifty Smallcap 250 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Small Cap Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty Smallcap 250 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 17.9% | 5.5% | +12.3% |
| 2025 | -4.0% | -5.6% | +1.7% |
| 2024 | 34.0% | 26.5% | +7.5% |
| 2023 | 51.9% | 48.3% | +3.6% |
| 2022 | -4.3% | -3.4% | −0.9% |
| 2021 | 32.0% | 61.2% | −29.3% |
Benchmark proxy: Motilal Oswal Nifty Smallcap 250 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,36,538 | 26.5% |
| 3 years | ₹3,60,000 | ₹4,51,819 | 15.3% |
| 5 years | ₹6,00,000 | ₹9,96,523 | 20.4% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: ITI Mutual Fund
Category: Small Cap
Plan / option: Regular · Growth
AMFI scheme code: 147920
ISIN: INF00XX01713
First NAV in MFIC data: 19 Feb 2020
History: 6.6 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| HSBC Small Cap Fund | Small Cap | 0.97 | 12.6% |
| JM Small Cap Fund | Small Cap | 0.97 | n/a |
| LIC MF Small Cap Fund | Small Cap | 0.96 | 16.2% |
| Bank of India Business Cycle Fund | Sectoral/Thematic | 0.96 | n/a |
| ITI Flexi Cap Fund | Flexi Cap | 0.96 | 15.8% |
| Mahindra Manulife Small Cap Fund | Small Cap | 0.96 | 17.5% |
Questions about ITI Small Cap Fund
- What is the latest NAV of ITI Small Cap Fund?
- The NAV of the Regular plan (growth option) was ₹33.0666 on 1 Oct 2026, as published by AMFI.
- Which category is ITI Small Cap Fund in?
- It is classified as Small Cap in AMFI's daily NAV file; a Small Cap scheme invests at least 65% in small-cap stocks. MFIC compares it with 36 Small Cap schemes (Regular plans).
- What returns has ITI Small Cap Fund delivered?
- Over one year the NAV changed by 17.8%. The 3-year CAGR is 21.3% (category median 13.5%) and the 5-year CAGR is 16.2% (category median 14.2%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 24.3%, the lowest was 12.0%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty Smallcap 250 (index-fund proxy) in 52% of those periods.
- What was the largest fall in ITI Small Cap Fund's NAV?
- The largest peak-to-trough fall in its available history was 40.0%; within the last five years it was 30.1% (category median 24.4%).
- How volatile is ITI Small Cap Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 20.1%, which is above the Small Cap category median of 19.9%.
- What would a monthly SIP in ITI Small Cap Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹9,96,523 on 1 Oct 2026, an annualised return (XIRR) of 20.4%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of ITI Small Cap Fund?
- The total expense ratio of the Regular plan is 2.20% a year, as disclosed to AMFI (median of Small Cap Regular plans: 2.06%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is ITI Small Cap Fund?
- Assets under management of the whole scheme were ₹3,666 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of ITI Small Cap Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of ITI Small Cap Fund and how has it compared?
- Its official benchmark is the Nifty Smallcap 250 TRI. Over 3 years AMFI reports a return of 21.7% for this plan against 14.0% for the benchmark total return index; over 5 years 16.4% against 14.5%. Past performance does not indicate future results.
- How often has ITI Small Cap Fund beaten its category?
- At 52% of the 44 month-ends compared over the last 10 years, its 3-year return was above the median of Small Cap schemes (Regular plans); it was in the top quarter at 50% of them. A typical scheme would show about 50%.
- Who manages ITI Small Cap Fund?
- According to its Scheme Summary Document, ITI Small Cap Fund is managed by Dhimant Shah (since 8 Aug 2022), Alok Ranjan (since 8 May 2026).
- What is the exit load of ITI Small Cap Fund?
- As stated in its scheme documents: If redeemed/Switched out on or before 3 Months from the date of allotment; Exit Load is 0.50% Exit Load after completion of 3 months - NIL Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in ITI Small Cap Fund?
- The minimum application amount is ₹5,000. SIP details: SIP-Daily: Rs. 500/-/ Weekly and Monthly:Rs. 500/- or Rs. 1000/-, STP- Rs. 500/-, SWP- Rs. 1000/-.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 19.5% and the Regular plan's by 17.8%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.