Abakkus Small Cap Fund vs Zerodha Nifty Smallcap 100 ETF
Direct Plan, Growth option · Data as on 30-10-2026
Abakkus Small Cap Fund is a Small Cap fund and Zerodha Nifty Smallcap 100 ETF is an ETF fund. Abakkus Small Cap Fund charges 1.23% a year and Zerodha Nifty Smallcap 100 ETF 0.35% (Direct plans). Their portfolios overlap 20.5%: they hold 18 of the same securities.
Which is better, Abakkus Small Cap or Zerodha Nifty Smallcap 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Zerodha Nifty Smallcap 100 ETF costs less: 0.35% a year against 1.23% (Direct plans).
- Abakkus Small Cap fell less in its worst fall since 20-03-2026: −10.9% against −12.1%.
- Abakkus Small Cap is the larger fund: ₹3,248 Cr against ₹101 Cr.
- Their portfolios overlap 20.5%: 18 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Abakkus Small Cap Fund | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Fund house | Abakkus Mutual Fund | Zerodha Mutual Fund |
| Category | Small Cap | ETF |
| AUM | ₹3,248 Cr (30-09-2026) | ₹101 Cr (30-09-2026) |
| NAV | ₹11.57 (Direct) | ₹10.48 (Direct) |
| Expense ratio (Direct) | 1.23% | 0.35% |
| Expense ratio (Regular) | 2.52% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 100 TRI |
| Launch date | 17-03-2026 | 09-09-2025 |
| Minimum investment | ₹500 | In creation unit size of 1,50,000 Units and in multiples of 10 units thereof |
| Lock in | None | None |
| Fund managers | Sanjay Doshi, Abhishek Krishnaswami Srinivas | Kedarnath Mirajkar |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Nil |
Abakkus Small Cap vs Zerodha Nifty Smallcap 100 ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Abakkus Small Cap Fund (Direct) | −6.35% | −5.47% | +4.94% | -- | -- | -- | -- |
| Zerodha Nifty Smallcap 100 ETF (Direct) | −4.23% | −4.17% | +2.78% | +0.72% | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | -- | -- | -- | -- |
Category average: the average of the 36 Small Cap funds, same plan type.
Abakkus Small Cap vs Zerodha Nifty Smallcap 100 ETF: Year-wise Returns
| Year | Abakkus Small CapAbakkus Small Cap | Zerodha Nifty Smallcap 100 ETFZerodha Nifty Smallcap 100 ETF |
|---|---|---|
| 2026to date | -- | +4.86% |
Abakkus Small Cap vs Zerodha Nifty Smallcap 100 ETF: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of Abakkus Small Cap Fund
Abakkus Small Cap vs Zerodha Nifty Smallcap 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Abakkus Small Cap Fund (Direct) | Zerodha Nifty Smallcap 100 ETF (Direct) |
|---|---|---|
| Return (CAGR) | +27.18% | +3.02% |
| Standard deviation | 14.35% | 18.41% |
| Sharpe ratio | 1.53 | -0.12 |
| Sortino ratio | 2.17 | -0.17 |
| Maximum drawdown | −10.9% (23-10-2026) | −18.1% (23-03-2026) |
| Beta | 0.72 | 1.00 |
| Alpha | +8.84% | +0.11% |
From daily NAVs, 20-03-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Abakkus Small Cap Fund (Direct)
Zerodha Nifty Smallcap 100 ETF (Direct)
Nifty Smallcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Abakkus Small Cap Fund (Direct) | −10.9% | 10-09-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| Zerodha Nifty Smallcap 100 ETF (Direct) | −12.1% | 08-09-2026 | 23-10-2026 | Not yet | -- | −8.5% |
| Nifty Smallcap 250 TRI | −11.5% | 08-09-2026 | 23-10-2026 | Not yet | -- | −9.4% |
From daily values since 20-03-2026, the first day every fund has.
Abakkus Small Cap vs Zerodha Nifty Smallcap 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Abakkus Small Cap Fund, September 2026; Zerodha Nifty Smallcap 100 ETF, September 2026
Holdings in common
- Overlap
- 20.5%
- Held by both
- 18
- Only in Abakkus Small Cap
- 49
- Only in Zerodha Nifty Smallcap 100 ETF
- 80
| Security | % of Abakkus Small Cap | % of Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Welspun Corp Limited | 2.51% | 2.87% |
| Karur Vysya Bank Limited | 2.00% | 2.47% |
| Central Depository Services (India) Limited | 1.95% | 1.81% |
| Redington Limited | 1.63% | 1.95% |
| Kirloskar Oil Engines Limited | 1.92% | 1.55% |
| PNB Housing Finance Limited | 1.55% | 1.70% |
| Computer Age Management Services Limited | 1.69% | 1.30% |
| Dr. Lal Path Labs Limited | 1.94% | 1.25% |
| Neuland Laboratories Limited | 1.25% | 1.48% |
| RBL Bank Limited | 1.18% | 2.01% |
| IIFL Finance Limited | 1.76% | 1.13% |
| PG Electroplast Limited | 1.33% | 0.64% |
| BEML Limited | 1.39% | 0.61% |
| Vedanta Power Ltd | 0.80% | 0.45% |
| Godawari Power and Ispat Ltd | 1.16% | 0.44% |
| Urban Company Ltd | 1.15% | 0.44% |
| Cemindia Projects Ltd | 0.40% | 0.53% |
| Emmvee Photovoltaic Power Limited | 1.57% | 0.35% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.5% means 20.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Abakkus Small Cap Fund
| Security | % of fund |
|---|---|
| Vedant Fashions Limited | 2.26% |
| Leela Palaces Hotels & Resorts Limited | 2.23% |
| ZF Commercial Vehicle Control Systems India Limited | 2.19% |
| Sansera Engineering Limited | 2.10% |
| Aether Industries Limited | 2.04% |
Largest holdings only in Zerodha Nifty Smallcap 100 ETF
| Security | % of fund |
|---|---|
| Sona BLW Precision Forgings Limited | 3.01% |
| Navin Fluorine International Limited | 2.45% |
| Ather Energy Limited | 2.18% |
| Delhivery Limited | 1.99% |
| Gland Pharma Limited | 1.86% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Abakkus Small Cap | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Equity | 91.9% | 95.0% |
| Debt | 0.6% | 0.0% |
| Cash and others | 7.5% | 5.0% |
Market cap of stocks
| Market cap | Abakkus Small Cap | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Large Cap | 6.2% | 0.0% |
| Mid Cap | 1.6% | 4.7% |
| Small Cap | 80.9% | 88.9% |
| Not on AMFI's list | 3.2% | 1.4% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Abakkus Small Cap | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Pharmaceuticals & Biotechnology | 6.3% | 11.0% |
| Industrial Products | 9.5% | 6.4% |
| Finance | 4.9% | 9.2% |
| Capital Markets | 4.8% | 8.1% |
| Banks | 7.8% | 8.0% |
| Auto Components | 7.5% | 6.1% |
| Commercial Services & Supplies | 4.9% | 2.8% |
The six largest sectors of each fund's stocks, % of the fund.
Abakkus Small Cap vs Zerodha Nifty Smallcap 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Abakkus Small Cap Fund | Zerodha Nifty Smallcap 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.23% | 0.35% |
| Base expense ratio (Direct) | 0.52% | 0.18% |
| Total expense ratio (Regular) | 2.52% | Not available |
| Base expense ratio (Regular) | 1.66% | 0.00% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Abakkus Small Cap Fund vs Zerodha Nifty Smallcap 100 ETF: Frequently Asked Questions
What is the difference between Abakkus Small Cap Fund and Zerodha Nifty Smallcap 100 ETF?
Abakkus Small Cap Fund is a Small Cap fund, Zerodha Nifty Smallcap 100 ETF is an ETF fund, run by Abakkus Mutual Fund and Zerodha Mutual Fund. Their portfolios overlap 20.5%. Abakkus Small Cap Fund charges 1.23% a year and Zerodha Nifty Smallcap 100 ETF 0.35%.
Which has the lower expense ratio, Abakkus Small Cap Fund or Zerodha Nifty Smallcap 100 ETF?
Zerodha Nifty Smallcap 100 ETF charges less: 0.35% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Abakkus Small Cap Fund and Zerodha Nifty Smallcap 100 ETF overlap?
20.5%. They hold 18 of the same securities, the largest shared ones being WELCORP, KARURVYSYA, CDSL. From each fund's latest monthly portfolio.
Which is riskier, Abakkus Small Cap Fund or Zerodha Nifty Smallcap 100 ETF?
On SEBI's riskometer, Abakkus Small Cap Fund is rated Very High and Zerodha Nifty Smallcap 100 ETF Very High. Over their common history, the standard deviation of daily returns was 14.35% and 18.41% a year.
Can I invest in both Abakkus Small Cap Fund and Zerodha Nifty Smallcap 100 ETF?
Yes. 20.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Abakkus Small Cap Fund and Zerodha Nifty Smallcap 100 ETF?
Abakkus Small Cap Fund: Sanjay Doshi, Abhishek Krishnaswami Srinivas. Zerodha Nifty Smallcap 100 ETF: Kedarnath Mirajkar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.