Bajaj Finserv Small Cap Fund vs ITI Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Small Cap Fund and ITI Small Cap Fund are both Small Cap funds. In the year to 30-10-2026, Bajaj Finserv Small Cap Fund (Direct) returned 7.8% and ITI Small Cap Fund (Direct) returned 11.1%. Bajaj Finserv Small Cap Fund charges 0.98% a year and ITI Small Cap Fund 0.84% (Direct plans). Their portfolios overlap 18.4%: they hold 20 of the same securities.
Bajaj Finserv Small Cap Fund
Small Cap
- 1 year return
- 7.8%
- Expense ratio
- 0.98%
- NAV
- ₹10.67
Which is better, Bajaj Finserv Small Cap or ITI 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.
- ITI Small Cap returned more over 1 year: 11.1% against 7.8%.
- ITI Small Cap costs less: 0.84% a year against 0.98% (Direct plans).
- ITI Small Cap fell less in its worst fall since 22-07-2025: −15.2% against −16.2%.
- ITI Small Cap is the larger fund: ₹3,666 Cr against ₹2,762 Cr.
- Their portfolios overlap 18.4%: 20 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 | Bajaj Finserv Small Cap Fund | ITI Small Cap Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | ITI Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹2,762 Cr (30-09-2026) | ₹3,666 Cr (30-09-2026) |
| NAV | ₹10.67 (Direct) | ₹36.08 (Direct) |
| Expense ratio (Direct) | 0.98% | 0.84% |
| Expense ratio (Regular) | 2.37% | 2.21% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 250 Smallcap TRI | Nifty Smallcap 250 TRI |
| Launch date | 18-07-2025 | 17-02-2020 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary | Dhimant Shah, Alok Ranjan |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 6 months. | Exit load of 0.50%, if redeemed within 3 months. |
Bajaj Finserv Small Cap vs ITI 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 |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Small Cap Fund (Direct) | −5.33% | −1.45% | +6.02% | +7.76% | -- | -- | -- |
| ITI Small Cap Fund (Direct) | −4.66% | −0.93% | +10.45% | +11.05% | +22.07% | +17.21% | -- |
| 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.
Bajaj Finserv Small Cap vs ITI Small Cap: Year-wise Returns
| Year | Bajaj FinservBajaj Finserv Small Cap | ITIITI Small Cap |
|---|---|---|
| 2026to date | +10.57% | +15.04% |
| 2025 | -- | −2.54% |
| 2024 | -- | +36.28% |
| 2023 | -- | +54.63% |
| 2022 | -- | −2.37% |
| 2021 | -- | +34.93% |
Bajaj Finserv Small Cap vs ITI Small Cap: Rolling Returns
Every holding period of both funds, against BSE 250 SmallCap Index TRI, the benchmark of Bajaj Finserv Small Cap Fund
Rolling returns
Every 1-year holding period, 68 of them, one for each trading day from 22-07-2026 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.
Bajaj Finserv Small Cap Fund (Direct)
ITI Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv Small Cap | 0.0 | 0.0 | 14.7 | 20.6 | 50.0 | 14.7 | 0.0 | 16.0% | 16.8% | 6.7% | 23.0% | 100% |
| ITI Small Cap | 0.0 | 0.0 | 2.9 | 14.7 | 27.9 | 50.0 | 4.4 | 19.3% | 20.3% | 7.5% | 26.4% | 100% |
| BSE 250 SmallCap Index TRI | 13.2 | 35.3 | 48.5 | 2.9 | 0.0 | 0.0 | 0.0 | 4.4% | 5.3% | −5.9% | 10.4% | -- |
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 22-07-2025. Past returns do not promise future returns.
Bajaj Finserv Small Cap vs ITI 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 22-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bajaj Finserv Small CapBajaj Finserv Small Cap Fund (Direct) | ₹1,60,000 | ₹1,71,763 | ₹11,763 | 10.6% |
| ITI Small CapITI Small Cap Fund (Direct) | ₹1,60,000 | ₹1,76,874 | ₹16,874 | 15.1% |
Bajaj Finserv Small CapBajaj Finserv Small Cap Fund (Direct)
ITI Small CapITI 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.
Bajaj Finserv Small Cap vs ITI Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Small Cap Fund (Direct) | ITI Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.76% | +11.05% |
| Standard deviation | 17.29% | 18.41% |
| Sharpe ratio | 0.15 | 0.32 |
| Sortino ratio | 0.20 | 0.44 |
| Maximum drawdown | −16.2% (23-03-2026) | −15.2% (23-03-2026) |
| Beta | 0.92 | 0.98 |
| Alpha | +12.10% | +14.07% |
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 | Bajaj Finserv Small Cap Fund (Direct) | ITI Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.26% | +21.13% |
| Standard deviation | 16.09% | 19.88% |
| Sharpe ratio | -0.00 | 0.80 |
| Sortino ratio | -0.00 | 1.04 |
| Maximum drawdown | −16.2% (23-03-2026) | −39.9% (24-03-2020) |
| Beta | 0.91 | 0.94 |
| Alpha | +10.08% | +1.86% |
From daily NAVs, 22-07-2025 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.
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.
Bajaj Finserv Small Cap Fund (Direct)
ITI 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 |
|---|---|---|---|---|---|---|
| Bajaj Finserv Small Cap Fund (Direct) | −16.2% | 03-11-2025 | 23-03-2026 | 27-04-2026 | 35 days | −7.8% |
| ITI Small Cap Fund (Direct) | −15.2% | 03-11-2025 | 23-03-2026 | 29-04-2026 | 37 days | −8.2% |
| BSE 250 SmallCap Index TRI | −20.8% | 23-07-2025 | 23-03-2026 | 02-07-2026 | 3 months | −10.1% |
From daily values since 22-07-2025, 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.
Bajaj Finserv Small Cap Fund (Direct)
ITI Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
Against BSE 250 SmallCap Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bajaj Finserv Small Cap Fund (Direct) | 129% | 90% | 3.97% |
| ITI Small Cap Fund (Direct) | 130% | 80% | 4.72% |
From month-end values since 22-07-2025. 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.
Bajaj Finserv Small Cap vs ITI Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Small Cap Fund, September 2026; ITI Small Cap Fund, September 2026
Holdings in common
- Overlap
- 18.4%
- Held by both
- 20
- Only in Bajaj Finserv Small Cap
- 67
- Only in ITI Small Cap
- 66
| Security | % of Bajaj Finserv Small Cap | % of ITI Small Cap |
|---|---|---|
| Welspun Corp Limited | 4.04% | 2.89% |
| Neuland Laboratories Limited | 1.87% | 1.57% |
| Sona BLW Precision Forgings Limited | 2.34% | 1.52% |
| TD Power Systems Limited | 2.59% | 1.31% |
| RBL Bank Limited | 2.05% | 1.17% |
| The Federal Bank Limited | 1.65% | 1.04% |
| Ujjivan Small Finance Bank Limited | 1.31% | 1.03% |
| Hindustan Copper Limited | 0.98% | 1.08% |
| Acutaas Chemicals Limited | 0.80% | 3.55% |
| Ingersoll Rand (India) Limited | 1.77% | 0.79% |
| VA Tech Wabag Limited | 0.77% | 1.98% |
| KSB Limited | 0.76% | 1.02% |
| Cartrade Tech Limited | 0.71% | 1.79% |
| Urban Company Ltd. | 0.63% | 1.01% |
| DCB Bank Limited | 0.55% | 0.91% |
| Tenneco Clean Air India Limited | 0.50% | 1.49% |
| Sedemac Mechatronics Limited | 0.42% | 1.26% |
| Aditya Birla Real Estate Limited | 0.93% | 0.35% |
| Sumitomo Chemical India Limited | 0.34% | 0.91% |
| Ather Energy Limited | 0.31% | 1.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.4% means 18.4% 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 Bajaj Finserv Small Cap Fund
| Security | % of fund |
|---|---|
| Rubicon Research Limited | 3.50% |
| CRISIL Limited | 2.92% |
| Zydus Wellness Limited | 2.79% |
| Schaeffler India Limited | 2.73% |
| Timken India Limited | 2.70% |
Largest holdings only in ITI Small Cap Fund
| Security | % of fund |
|---|---|
| Laurus Labs Limited | 2.36% |
| Karur Vysya Bank Limited | 1.93% |
| Wockhardt Limited | 1.90% |
| Multi Commodity Exchange of India Limited | 1.88% |
| GNG Electronics Ltd | 1.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Small Cap | ITI Small Cap |
|---|---|---|
| Equity | 94.9% | 94.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 5.1% | 5.3% |
Market cap of stocks
| Market cap | Bajaj Finserv Small Cap | ITI Small Cap |
|---|---|---|
| Large Cap | 0.0% | 7.3% |
| Mid Cap | 10.0% | 20.1% |
| Small Cap | 79.4% | 62.5% |
| Not on AMFI's list | 5.5% | 4.9% |
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 | Bajaj Finserv Small Cap | ITI Small Cap |
|---|---|---|
| Industrial Products | 12.6% | 9.8% |
| Pharmaceuticals & Biotechnology | 10.6% | 12.1% |
| Auto Components | 8.1% | 8.6% |
| Banks | 5.6% | 7.8% |
| Electrical Equipment | 5.1% | 7.4% |
| Consumer Durables | 6.0% | 4.0% |
| Capital Markets | 3.2% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Small Cap vs ITI Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Small Cap Fund | ITI Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.98% | 0.84% |
| Base expense ratio (Direct) | 0.52% | 0.45% |
| Total expense ratio (Regular) | 2.37% | 2.21% |
| Base expense ratio (Regular) | 1.70% | 1.65% |
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 Bajaj Finserv Small Cap with
Bajaj Finserv Small Cap Fund vs ITI Small Cap Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Small Cap Fund and ITI Small Cap Fund?
Both are Small Cap funds, run by Bajaj Finserv Mutual Fund and ITI Mutual Fund. Their portfolios overlap 18.4%. Bajaj Finserv Small Cap Fund charges 0.98% a year and ITI Small Cap Fund 0.84%.
Which has given higher returns, Bajaj Finserv Small Cap Fund or ITI Small Cap Fund?
Over 1 year: Bajaj Finserv Small Cap Fund +7.76%, ITI Small Cap Fund +11.05%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bajaj Finserv Small Cap Fund or ITI Small Cap Fund?
ITI Small Cap Fund charges less: 0.84% a year against 0.98%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Small Cap Fund and ITI Small Cap Fund overlap?
18.4%. They hold 20 of the same securities, the largest shared ones being WELCORP, NEULANDLAB, SONACOMS. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Small Cap Fund or ITI Small Cap Fund?
On SEBI's riskometer, Bajaj Finserv Small Cap Fund is rated Very High and ITI Small Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 17.29% and 18.41% a year.
Can I invest in both Bajaj Finserv Small Cap Fund and ITI Small Cap Fund?
Yes. 18.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bajaj Finserv Small Cap Fund and ITI Small Cap Fund?
Bajaj Finserv Small Cap Fund: Nimesh Chandan, Sorbh Gupta, Siddharth Chaudhary. ITI Small Cap Fund: Dhimant Shah, Alok Ranjan.
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.