ITI Small Cap Fund
ITI Mutual Fund · Small Cap · Direct plan, growth option
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -3.5% | -3.6% |
| 3 months | 2.6% | 1.3% |
| 6 months | 30.0% | 23.9% |
| Year to date | 19.1% | 12.0% |
| 1 year | 19.5% | 11.6% |
| 3 years (CAGR) | 23.2% | 14.7% |
| 5 years (CAGR) | 18.2% | 15.4% |
| 7 years (CAGR) | n/a | 23.3% |
| 10 years (CAGR) | n/a | 17.1% |
| Since first NAV (CAGR) | 22.1% | – |
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 20.3% | 16.5% |
| 3Y rolling median | 26.6% | 21.7% |
| 3Y rolling worst | 14.5% | 0.0% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 57% | 68% |
| 5Y rolling median | 22.0% | 21.5% |
| 5Y rolling worst | 16.4% | 4.8% |
| 5Y periods ahead of benchmark | 40% | 92% |
Benchmark: Nifty Smallcap 250 (proxy: Motilal Oswal Nifty Smallcap 250 Index Fund, price return).
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 20.1% | 19.9% |
| Sharpe ratio | 0.84 | 0.49 |
| Sortino ratio | 1.44 | 0.77 |
| Beta | 0.88 | 0.86 |
| Alpha (ann.) | 10.5% | 2.9% |
| Upside capture | 102.28 | 87.14 |
| Downside capture | 71.71 | 82.75 |
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −39.9% | −32.4% |
| Maximum drawdown, last 10Y | n/a | −47.5% |
| Maximum drawdown, last 5Y | −29.2% | −24.1% |
| Current drawdown | −5.0% | −4.3% |
| Recovery time of worst fall | 155 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
- P/E 34.1: higher than 74% of days since 2019 (median 30.1)
- 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.
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.
- 1 Oct 2026: TER reduced from 0.86% to 0.84% (AMFI TER disclosure)
| Fund manager | Role | Managing since |
|---|---|---|
| Dhimant Shah | Fund Manager | 8 Aug 2022 |
| Alok Ranjan | Fund Manager | 8 May 2026 |
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.84% | 0.90% |
| AUM, whole scheme (₹ crore) | 3,666 | 5,373 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 22.2% | 7.2% TRI |
| Return, 3 years (AMFI) | 23.7% | 14.0% TRI |
| Return, 5 years (AMFI) | 18.4% | 14.5% TRI |
| Month-ends above category median (3Y CAGR) | 55% | 51% median |
| Month-ends in category top quartile (3Y) | 52% | 27% median |
Official benchmark: Nifty Smallcap 250 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Small Cap Direct plans; how it is calculated.
| Year | Scheme | Nifty Smallcap 250 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 19.1% | 5.5% | +13.6% |
| 2025 | -2.5% | -5.6% | +3.1% |
| 2024 | 36.3% | 26.5% | +9.8% |
| 2023 | 54.6% | 48.3% | +6.3% |
| 2022 | -2.4% | -3.4% | +1.1% |
| 2021 | 34.9% | 61.2% | −26.3% |
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.
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,37,609 | 28.3% |
| 3 years | ₹3,60,000 | ₹4,63,006 | 17.0% |
| 5 years | ₹6,00,000 | ₹10,45,161 | 22.4% |
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 | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| JM Small Cap Fund | Small Cap | 0.97 | n/a |
| LIC MF Small Cap Fund | Small Cap | 0.96 | 17.7% |
| Bank of India Business Cycle Fund | Sectoral/Thematic | 0.96 | n/a |
| ITI Flexi Cap Fund | Flexi Cap | 0.96 | 17.7% |
| Mahindra Manulife Small Cap Fund | Small Cap | 0.96 | 19.3% |
| ITI Large & Mid Cap Fund | Large & Mid Cap | 0.96 | n/a |
- What is the latest NAV of ITI Small Cap Fund?
- The NAV of the Direct plan (growth option) was ₹37.3545 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 35 Small Cap schemes (Direct plans).
- What returns has ITI Small Cap Fund delivered?
- Over one year the NAV changed by 19.5%. The 3-year CAGR is 23.2% (category median 14.7%) and the 5-year CAGR is 18.2% (category median 15.4%). 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 26.6%, the lowest was 14.5%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty Smallcap 250 (index-fund proxy) in 57% 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 39.9%; within the last five years it was 29.2% (category median 24.1%).
- 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 ₹10,45,161 on 1 Oct 2026, an annualised return (XIRR) of 22.4%. This uses the Direct 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 Direct plan is 0.84% a year, as disclosed to AMFI (median of Small Cap Direct plans: 0.90%). 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 23.7% for this plan against 14.0% for the benchmark total return index; over 5 years 18.4% against 14.5%. Past performance does not indicate future results.
- How often has ITI Small Cap Fund beaten its category?
- At 55% of the 44 month-ends compared over the last 10 years, its 3-year return was above the median of Small Cap schemes (Direct plans); it was in the top quarter at 52% 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.
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