Aditya Birla Sun Life Small Cap Fund vs Bandhan Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Small Cap Fund and Bandhan Small Cap Fund are both Small Cap funds. In the 3 years to 30-10-2026, Aditya Birla Sun Life Small Cap Fund (Direct) returned 14.0% a year and Bandhan Small Cap Fund (Direct) returned 21.7% a year. Aditya Birla Sun Life Small Cap Fund charges 1.08% a year and Bandhan Small Cap Fund 0.65% (Direct plans). Their portfolios overlap 13.2%: they hold 28 of the same securities.
Aditya Birla Sun Life Small Cap Fund
Small Cap
- 3 year return
- 14.0%
- Expense ratio
- 1.08%
- NAV
- ₹107.63
Bandhan Small Cap Fund
Small Cap
- 3 year return
- 21.7%
- Expense ratio
- 0.65%
- NAV
- ₹53.23
Which is better, Aditya Birla Sun Life Small Cap or Bandhan Small Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bandhan Small Cap returned more over 5 years: 18.1% a year against 12.3%.
- Bandhan Small Cap returned more over 3 years: 21.7% a year against 14.0%.
- Bandhan Small Cap costs less: 0.65% a year against 1.08% (Direct plans).
- Aditya Birla Sun Life Small Cap swung less over 3 years: a standard deviation of 17.2% a year against 17.4%.
- Bandhan Small Cap fell less in its worst fall since 26-02-2020: −24.3% against −39.2%.
- Bandhan Small Cap is the larger fund: ₹34,176 Cr against ₹6,120 Cr.
- Their portfolios overlap 13.2%: 28 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 | Aditya Birla Sun Life Small Cap Fund | Bandhan Small Cap Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Bandhan Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹6,120 Cr (30-09-2026) | ₹34,176 Cr (31-08-2026) |
| NAV | ₹107.63 (Direct) | ₹53.23 (Direct) |
| Expense ratio (Direct) | 1.08% | 0.65% |
| Expense ratio (Regular) | 2.01% | 1.73% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 250 Smallcap TRI | BSE 250 Smallcap TRI |
| Launch date | 31-05-2007 | 25-02-2020 |
| Minimum investment | ₹1,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Abhinav Khandelwal, Dhaval Joshi | Manish Gunwani, Kirthi Jain, Ritika Behera, Gaurav Satra |
| Exit load | Exit load of 1%, if redeemed within 90 days. | 1% if redeemed/switched out within 1 year from the date of allotment |
Aditya Birla Sun Life Small Cap vs Bandhan Small Cap: 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 |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Small Cap Fund (Direct) | −4.84% | −2.25% | +5.85% | +8.06% | +14.03% | +12.30% | +12.47% |
| Bandhan Small Cap Fund (Direct) | −6.09% | −4.37% | +2.04% | +0.99% | +21.67% | +18.08% | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | +14.03% | +14.51% | -- |
Category average: the average of the 36 Small Cap funds, same plan type.
Aditya Birla Sun Life Small Cap vs Bandhan Small Cap: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Small Cap | BandhanBandhan Small Cap | BSE 250 SmallCap Index TRI |
|---|---|---|---|
| 2026to date | +11.36% | +4.61% | −1.15% |
| 2025 | −2.81% | +0.12% | −5.17% |
| 2024 | +22.75% | +45.18% | +25.11% |
| 2023 | +40.87% | +55.85% | +47.26% |
| 2022 | −5.48% | −4.58% | −1.02% |
| 2021 | +52.88% | +55.38% | +59.11% |
Aditya Birla Sun Life Small Cap vs Bandhan Small Cap: Rolling Returns
Every holding period of both funds, against BSE 250 SmallCap Index TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 903 of them, one for each trading day from 27-02-2023 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Small Cap Fund (Direct)
Bandhan Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
to
Jun 2023Jan 2021
to
Jan 2024Sept 2021
to
Sept 2024Apr 2022
to
Apr 2025Dec 2022
to
Dec 2025Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Small Cap | 0.0 | 0.0 | 0.0 | 8.7 | 42.3 | 23.6 | 25.4 | 22.1% | 19.9% | 11.3% | 39.6% | 15% |
| Bandhan Small Cap | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4.4 | 95.6 | 31.0% | 31.3% | 21.4% | 38.6% | 79% |
| BSE 250 SmallCap Index TRI | 0.0 | 0.0 | 0.1 | 4.9 | 24.4 | 22.9 | 47.7 | 25.5% | 24.4% | 9.9% | 45.1% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 250 SmallCap Index TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 26-02-2020. Past returns do not promise future returns.
Aditya Birla Sun Life Small Cap vs Bandhan Small Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-02-2020 to 30-10-2026: 81 instalments, ₹8,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Small CapAditya Birla Sun Life Small Cap Fund (Direct) | ₹8,10,000 | ₹14,77,444 | ₹6,67,444 | 17.6% |
| Bandhan Small CapBandhan Small Cap Fund (Direct) | ₹8,10,000 | ₹18,10,455 | ₹10,00,455 | 23.5% |
Aditya Birla Sun Life Small CapAditya Birla Sun Life Small Cap Fund (Direct)
Bandhan Small CapBandhan Small Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Small Cap vs Bandhan Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Small Cap Fund (Direct) | Bandhan Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.06% | +0.99% |
| Standard deviation | 17.43% | 16.37% |
| Sharpe ratio | 0.16 | -0.26 |
| Sortino ratio | 0.22 | -0.36 |
| Maximum drawdown | −14.0% (23-03-2026) | −15.9% (30-03-2026) |
| Beta | 0.93 | 0.88 |
| Alpha | +12.49% | +4.94% |
From daily NAVs, 30-10-2025 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.
| Measure | Aditya Birla Sun Life Small Cap Fund (Direct) | Bandhan Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.03% | +21.67% |
| Standard deviation | 17.15% | 17.36% |
| Sharpe ratio | 0.47 | 0.90 |
| Sortino ratio | 0.63 | 1.23 |
| Maximum drawdown | −26.2% (03-03-2025) | −22.8% (03-03-2025) |
| Beta | 0.89 | 0.91 |
| Alpha | +3.67% | +11.21% |
From daily NAVs, 30-10-2023 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.
| Measure | Aditya Birla Sun Life Small Cap Fund (Direct) | Bandhan Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.30% | +18.08% |
| Standard deviation | 16.35% | 16.56% |
| Sharpe ratio | 0.40 | 0.74 |
| Sortino ratio | 0.53 | 0.99 |
| Maximum drawdown | −26.2% (03-03-2025) | −23.3% (20-06-2022) |
| Beta | 0.87 | 0.89 |
| Alpha | +0.92% | +6.60% |
From daily NAVs, 29-10-2021 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.
| Measure | Aditya Birla Sun Life Small Cap Fund (Direct) | Bandhan Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.27% | +28.47% |
| Standard deviation | 16.97% | 17.05% |
| Sharpe ratio | 0.60 | 1.37 |
| Sortino ratio | 0.80 | 1.85 |
| Maximum drawdown | −57.4% (24-03-2020) | −24.3% (20-06-2022) |
| Beta | 0.87 | 0.81 |
| Alpha | +4.14% | +11.47% |
From daily NAVs, 07-01-2013 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.
Aditya Birla Sun Life Small Cap Fund (Direct)
Bandhan Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Small Cap Fund (Direct) | −39.2% | 26-02-2020 | 24-03-2020 | 05-11-2020 | 7 months | −8.5% |
| Bandhan Small Cap Fund (Direct) | −24.3% | 18-10-2021 | 20-06-2022 | 14-06-2023 | 12 months | −8.4% |
| BSE 250 SmallCap Index TRI | −41.0% | 26-02-2020 | 24-03-2020 | 25-08-2020 | 5 months | −11.5% |
From daily values since 26-02-2020, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Small Cap Fund (Direct)
Bandhan Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Small Cap Fund (Direct)
Bandhan Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Small Cap Fund (Direct)
Bandhan Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
Against BSE 250 SmallCap Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Small Cap Fund (Direct) | 93% | 90% | 4.94% |
| Bandhan Small Cap Fund (Direct) | 96% | 67% | 10.65% |
From month-end values since 26-02-2020. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Small Cap vs Bandhan Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Small Cap Fund, September 2026; Bandhan Small Cap Fund, August 2026
Holdings in common
- Overlap
- 13.2%
- Held by both
- 28
- Only in Aditya Birla Sun Life Small Cap
- 56
- Only in Bandhan Small Cap
- 227
| Security | % of Aditya Birla Sun Life Small Cap | % of Bandhan Small Cap |
|---|---|---|
| Arvind Ltd. | 2.06% | 1.56% |
| PNB Housing Finance Ltd. | 1.98% | 1.36% |
| Shaily Engineering Plastics Ltd. | 2.31% | 1.08% |
| DCB Bank Ltd. | 1.08% | 0.91% |
| Jubilant Pharmova Ltd. | 0.84% | 1.14% |
| Aditya Birla Real Estate Ltd. | 0.83% | 0.92% |
| Apar Industries Ltd. | 1.26% | 0.63% |
| Shilpa Medicare Ltd. | 0.95% | 0.61% |
| PCBL Chemical Ltd. | 0.59% | 0.61% |
| Repco Home Finance Ltd. | 0.53% | 0.65% |
| Aptus Value Housing Finance India Ltd. | 0.87% | 0.49% |
| Sobha Ltd. | 0.48% | 2.40% |
| Kirloskar Oil Engines Ltd. | 1.04% | 0.42% |
| Manappuram Finance Ltd. | 1.51% | 0.39% |
| Cyient Ltd. | 0.35% | 1.66% |
| Deepak Fertilizers and Petrochemicals Corporation Ltd. | 0.40% | 0.32% |
| National Aluminium Company Ltd. | 1.34% | 0.29% |
| Sagility Ltd. | 1.02% | 0.25% |
| Ujjivan Small Finance Bank Ltd. | 2.42% | 0.21% |
| Krishna Institute of Medical Sciences Ltd. | 0.61% | 0.20% |
| Tilaknagar Industries Ltd. | 0.19% | 0.25% |
| The Ramco Cements Ltd. | 1.40% | 0.13% |
| Jindal Saw Ltd. | 0.97% | 0.12% |
| Emcure Pharmaceuticals Ltd. | 1.25% | 0.11% |
| Voltamp Transformers Ltd. | 1.15% | 0.11% |
| NLC India Ltd. | 0.91% | 0.08% |
| Orient Electric Ltd. | 0.37% | 0.07% |
| Craftsman Automation Ltd. | 1.91% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.2% means 13.2% 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 Aditya Birla Sun Life Small Cap Fund
| Security | % of fund |
|---|---|
| TD Power Systems Ltd. | 3.39% |
| Sai Life Sciences Ltd. | 3.15% |
| Navin Fluorine International Ltd. | 2.84% |
| Multi Commodity Exchange of India Ltd. | 2.69% |
| Meesho Ltd. | 2.34% |
Largest holdings only in Bandhan Small Cap Fund
| Security | % of fund |
|---|---|
| REC Limited | 2.42% |
| LT Foods Limited | 2.10% |
| State Bank of India | 1.88% |
| Cholamandalam Financial Holdings Limited | 1.63% |
| The South Indian Bank Limited | 1.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Small Cap | Bandhan Small Cap |
|---|---|---|
| Equity | 95.4% | 86.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.6% | 13.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Small Cap | Bandhan Small Cap |
|---|---|---|
| Large Cap | 2.1% | 6.1% |
| Mid Cap | 13.1% | 10.7% |
| Small Cap | 75.3% | 68.7% |
| Not on AMFI's list | 4.9% | 1.1% |
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 | Aditya Birla Sun Life Small Cap | Bandhan Small Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 12.0% | 6.9% |
| Finance | 5.6% | 9.8% |
| Auto Components | 8.8% | 0.9% |
| Banks | 8.2% | 8.7% |
| Electrical Equipment | 6.6% | 2.5% |
| Realty | 1.3% | 6.3% |
| Consumer Durables | 5.8% | 5.9% |
| Agricultural Food & other Products | 1.8% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Small Cap vs Bandhan Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Small Cap Fund | Bandhan Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.08% | 0.65% |
| Base expense ratio (Direct) | 0.77% | 0.40% |
| Total expense ratio (Regular) | 2.01% | 1.73% |
| Base expense ratio (Regular) | 1.58% | 1.32% |
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
Compare Aditya Birla Sun Life Small Cap with
Aditya Birla Sun Life Small Cap Fund vs Bandhan Small Cap Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Small Cap Fund and Bandhan Small Cap Fund?
Both are Small Cap funds, run by Aditya Birla Sun Life Mutual Fund and Bandhan Mutual Fund. Their portfolios overlap 13.2%. Aditya Birla Sun Life Small Cap Fund charges 1.08% a year and Bandhan Small Cap Fund 0.65%.
Which has given higher returns, Aditya Birla Sun Life Small Cap Fund or Bandhan Small Cap Fund?
Over 1 year: Aditya Birla Sun Life Small Cap Fund +8.06%, Bandhan Small Cap Fund +0.99%. Over 3 years: Aditya Birla Sun Life Small Cap Fund +14.03% a year, Bandhan Small Cap Fund +21.67% a year. Over 5 years: Aditya Birla Sun Life Small Cap Fund +12.30% a year, Bandhan Small Cap Fund +18.08% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Small Cap Fund or Bandhan Small Cap Fund?
Bandhan Small Cap Fund charges less: 0.65% a year against 1.08%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Small Cap Fund and Bandhan Small Cap Fund overlap?
13.2%. They hold 28 of the same securities, the largest shared ones being ARVIND, PNBHOUSING, SHAILY. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Small Cap Fund or Bandhan Small Cap Fund?
On SEBI's riskometer, Aditya Birla Sun Life Small Cap Fund is rated Very High and Bandhan Small Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.15% and 17.36% a year.
Which is better for SIP, Aditya Birla Sun Life Small Cap Fund or Bandhan Small Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,66,057 in Aditya Birla Sun Life Small Cap Fund (XIRR 13.8% a year) and ₹9,94,722 in Bandhan Small Cap Fund (XIRR 19.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Small Cap Fund and Bandhan Small Cap Fund?
Yes. 13.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Small Cap Fund and Bandhan Small Cap Fund?
Aditya Birla Sun Life Small Cap Fund: Abhinav Khandelwal, Dhaval Joshi. Bandhan Small Cap Fund: Manish Gunwani, Kirthi Jain, Ritika Behera, Gaurav Satra.
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.