Bandhan Nifty Smallcap 250 Index Fund vs ICICI Prudential Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bandhan Nifty Smallcap 250 Index Fund is an Index fund and ICICI Prudential Small Cap Fund is a Small Cap fund. In the year to 30-10-2026, Bandhan Nifty Smallcap 250 Index Fund (Direct) returned −3.7% and ICICI Prudential Small Cap Fund (Direct) returned −4.0%. Bandhan Nifty Smallcap 250 Index Fund charges 0.38% a year and ICICI Prudential Small Cap Fund 1.17% (Direct plans). Their portfolios overlap 16.7%: they hold 43 of the same securities.
Bandhan Nifty Smallcap 250 Index Fund
Index
- 1 year return
- −3.7%
- Expense ratio
- 0.38%
- NAV
- ₹12.15
ICICI Prudential Small Cap Fund
Small Cap
- 1 year return
- −4.0%
- Expense ratio
- 1.17%
- NAV
- ₹95.70
Which is better, Bandhan Nifty Smallcap 250 Index or ICICI Prudential 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 Nifty Smallcap 250 Index returned more over 1 year: −3.7% against −4.0%.
- Bandhan Nifty Smallcap 250 Index costs less: 0.38% a year against 1.17% (Direct plans).
- ICICI Prudential Small Cap fell less in its worst fall since 26-12-2023: −22.2% against −26.1%.
- ICICI Prudential Small Cap is the larger fund: ₹9,791 Cr against ₹99 Cr.
- Their portfolios overlap 16.7%: 43 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 | Bandhan Nifty Smallcap 250 Index Fund | ICICI Prudential Small Cap Fund |
|---|---|---|
| Fund house | Bandhan Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | Small Cap |
| AUM | ₹99 Cr (31-08-2026) | ₹9,791 Cr (30-09-2026) |
| NAV | ₹12.15 (Direct) | ₹95.70 (Direct) |
| Expense ratio (Direct) | 0.38% | 1.17% |
| Expense ratio (Regular) | 1.08% | 2.09% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| Launch date | 22-12-2023 | 18-10-2007 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhishek Jain | Rajat Chandak, Aatur Shah, Sakshat Goel, Gaurav Jain, Sharmila D'silva |
| Exit load | Nil | 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 1 Year from the date of allotment NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the date of allotment |
Bandhan Nifty Smallcap 250 Index vs ICICI Prudential 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 |
|---|---|---|---|---|---|---|---|
| Bandhan Nifty Smallcap 250 Index Fund (Direct) | −5.85% | −6.12% | +0.27% | −3.69% | -- | -- | -- |
| ICICI Prudential Small Cap Fund (Direct) | −7.25% | −5.31% | −0.20% | −3.99% | +9.50% | +11.91% | +15.23% |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | +14.03% | +14.51% | +16.19% |
Category average: the average of the 36 Small Cap funds, same plan type.
Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Small Cap: Year-wise Returns
| Year | Bandhan Nifty Smallcap 250 IndexBandhan Nifty Smallcap 250 Index | ICICI Prudential Small CapICICI Prudential Small Cap | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | +0.48% | −1.25% | +1.00% |
| 2025 | −6.11% | +0.65% | −5.48% |
| 2024 | +26.61% | +16.89% | +27.21% |
| 2023 | -- | +39.47% | +49.09% |
| 2022 | -- | +7.17% | −2.64% |
| 2021 | -- | +63.29% | +63.34% |
Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Small Cap: Rolling Returns
Every holding period of both funds, against Nifty Smallcap 250 TRI, the benchmark of both
Rolling returns
Every 1-year holding period, 461 of them, one for each trading day from 26-12-2024 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.
Bandhan Nifty Smallcap 250 Index Fund (Direct)
ICICI Prudential Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
to
Feb 2025Jun 2024
to
Jun 2025Oct 2024
to
Oct 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Nifty Smallcap 250 Index | 39.7 | 30.8 | 19.7 | 5.9 | 1.5 | 0.9 | 1.5 | 1.8% | 1.5% | −12.4% | 27.9% | 2% |
| ICICI Prudential Small Cap | 25.3 | 45.3 | 20.9 | 6.6 | 2.0 | 0.0 | 0.0 | 2.9% | 2.1% | −5.6% | 18.2% | 58% |
| Nifty Smallcap 250 TRI | 36.7 | 30.4 | 20.6 | 8.0 | 2.0 | 0.9 | 1.5 | 2.4% | 2.0% | −11.9% | 28.5% | -- |
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 Nifty Smallcap 250 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 26-12-2023. Past returns do not promise future returns.
Bandhan Nifty Smallcap 250 Index vs ICICI Prudential 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 26-12-2023 to 30-10-2026: 35 instalments, ₹3,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bandhan Nifty Smallcap 250 IndexBandhan Nifty Smallcap 250 Index Fund (Direct) | ₹3,50,000 | ₹3,58,234 | ₹8,234 | 1.6% |
| ICICI Prudential Small CapICICI Prudential Small Cap Fund (Direct) | ₹3,50,000 | ₹3,57,231 | ₹7,231 | 1.4% |
Bandhan Nifty Smallcap 250 IndexBandhan Nifty Smallcap 250 Index Fund (Direct)
ICICI Prudential Small CapICICI Prudential 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.
Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bandhan Nifty Smallcap 250 Index Fund (Direct) | ICICI Prudential Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.69% | −3.99% |
| Standard deviation | 18.05% | 14.88% |
| Sharpe ratio | -0.50 | -0.62 |
| Sortino ratio | -0.67 | -0.84 |
| Maximum drawdown | −18.4% (23-03-2026) | −15.6% (30-03-2026) |
| Beta | 1.00 | 0.79 |
| Alpha | −0.54% | −2.60% |
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 | Bandhan Nifty Smallcap 250 Index Fund (Direct) | ICICI Prudential Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.00% | +15.94% |
| Standard deviation | 19.20% | 14.70% |
| Sharpe ratio | 0.05 | 0.67 |
| Sortino ratio | 0.07 | 0.90 |
| Maximum drawdown | −26.1% (03-03-2025) | −45.1% (24-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.63% | -- |
From daily NAVs, 26-12-2023 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.
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.
Bandhan Nifty Smallcap 250 Index Fund (Direct)
ICICI Prudential Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bandhan Nifty Smallcap 250 Index Fund (Direct) | −26.1% | 23-09-2024 | 03-03-2025 | Not yet | -- | −10.1% |
| ICICI Prudential Small Cap Fund (Direct) | −22.2% | 01-10-2024 | 28-02-2025 | 05-08-2026 | 17 months | −8.6% |
| Nifty Smallcap 250 TRI | −26.0% | 23-09-2024 | 03-03-2025 | 26-08-2026 | 18 months | −9.4% |
From daily values since 26-12-2023, 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.
Bandhan Nifty Smallcap 250 Index Fund (Direct)
ICICI Prudential Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
Against Nifty Smallcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bandhan Nifty Smallcap 250 Index Fund (Direct) | 99% | 101% | 0.24% |
| ICICI Prudential Small Cap Fund (Direct) | 75% | 75% | 7.08% |
From month-end values since 26-12-2023. 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.
Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Bandhan Nifty Smallcap 250 Index Fund, August 2026; ICICI Prudential Small Cap Fund, September 2026
Holdings in common
- Overlap
- 16.7%
- Held by both
- 43
- Only in Bandhan Nifty Smallcap 250 Index
- 207
- Only in ICICI Prudential Small Cap
- 75
| Security | % of Bandhan Nifty Smallcap 250 Index | % of ICICI Prudential Small Cap |
|---|---|---|
| Krishna Institute Of Medical Sciences Limited | 0.89% | 1.35% |
| Computer Age Management Services Limited | 0.85% | 0.85% |
| Angel One Limited | 0.85% | 1.27% |
| PNB Housing Finance Limited | 0.98% | 0.74% |
| Bandhan Bank Limited | 0.68% | 0.73% |
| Dr. Lal Path Labs Limited | 0.68% | 0.97% |
| Kirloskar Oil Engines Limited | 0.79% | 0.65% |
| Carborundum Universal Limited | 0.58% | 1.21% |
| Brigade Enterprises Limited | 0.55% | 0.55% |
| ZF Commercial Vehicle Control Systems India Limited | 0.52% | 1.63% |
| Kaynes Technology India Limited | 0.52% | 1.13% |
| Timken India Limited | 0.51% | 1.78% |
| Aarti Industries Limited | 0.49% | 0.49% |
| Elgi Equipments Limited | 0.61% | 0.47% |
| Tata Chemicals Limited | 0.46% | 1.03% |
| Atul Limited | 0.46% | 2.11% |
| Netweb Technologies India Limited | 0.44% | 0.67% |
| R R Kabel Limited | 0.44% | 1.86% |
| PG Electroplast Limited | 0.43% | 0.96% |
| Syngene International Limited | 0.35% | 0.40% |
| Aditya Birla Sun Life AMC Limited | 0.35% | 0.88% |
| Jindal Saw Limited | 0.33% | 0.92% |
| Pfizer Limited | 0.32% | 1.41% |
| Triveni Turbine Limited | 0.31% | 1.37% |
| Can Fin Homes Limited | 0.30% | 0.79% |
| Indegene Limited | 0.29% | 1.12% |
| Go Digit General Insurance Limited | 0.28% | 1.22% |
| Minda Corporation Limited | 0.26% | 1.66% |
| EIH Limited | 0.25% | 1.53% |
| Aavas Financiers Limited | 0.23% | 1.06% |
| CIE Automotive India Limited | 0.23% | 0.55% |
| NCC Limited | 0.27% | 0.22% |
| Sarda Energy & Minerals Limited | 0.21% | 0.24% |
| Supreme Petrochem Limited | 0.21% | 1.25% |
| BIKAJI FOODS INTERNATIONAL LIMITED | 0.19% | 1.14% |
| DCM Shriram Limited | 0.18% | 0.49% |
| Canara HSBC Life Insurance company Ltd | 0.17% | 1.20% |
| UTI Asset Management Company Limited | 0.17% | 1.58% |
| Aditya Infotech Limited | 0.44% | 0.16% |
| Nuvoco Vistas Corporation Limited | 0.15% | 0.92% |
| JSW Cement Limited | 0.15% | 1.07% |
| Travel Food Services Limited | 0.11% | 2.07% |
| RHI Magnesita India Limited | 0.10% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.7% means 16.7% 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 Bandhan Nifty Smallcap 250 Index Fund
| Security | % of fund |
|---|---|
| Sona BLW Precision Forgings Limited | 1.65% |
| Ather Energy Limited | 1.50% |
| Karur Vysya Bank Limited | 1.49% |
| Navin Fluorine International Limited | 1.45% |
| Welspun Corp Limited | 1.42% |
Largest holdings only in ICICI Prudential Small Cap Fund
| Security | % of fund |
|---|---|
| Shadowfax Technologies Ltd | 3.79% |
| Sedemac Mechatronics Ltd | 2.82% |
| LIC Housing Finance Ltd. | 1.72% |
| Pondy Oxides & Chemical Ltd. | 1.58% |
| Mahindra & Mahindra Ltd. | 1.52% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bandhan Nifty Smallcap 250 Index | ICICI Prudential Small Cap |
|---|---|---|
| Equity | 100.2% | 96.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.2% | 3.3% |
Market cap of stocks
| Market cap | Bandhan Nifty Smallcap 250 Index | ICICI Prudential Small Cap |
|---|---|---|
| Large Cap | 0.0% | 2.3% |
| Mid Cap | 7.3% | 1.5% |
| Small Cap | 92.9% | 85.0% |
| Not on AMFI's list | 0.0% | 7.8% |
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 | Bandhan Nifty Smallcap 250 Index | ICICI Prudential Small Cap |
|---|---|---|
| Auto Components | 6.9% | 12.2% |
| Industrial Products | 7.8% | 10.4% |
| Finance | 9.6% | 6.6% |
| Pharmaceuticals & Biotechnology | 8.5% | 5.3% |
| Capital Markets | 5.9% | 7.7% |
| Chemicals & Petrochemicals | 5.8% | 7.6% |
The six largest sectors of each fund's stocks, % of the fund.
Bandhan Nifty Smallcap 250 Index vs ICICI Prudential Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bandhan Nifty Smallcap 250 Index Fund | ICICI Prudential Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.38% | 1.17% |
| Base expense ratio (Direct) | 0.17% | 0.71% |
| Total expense ratio (Regular) | 1.08% | 2.09% |
| Base expense ratio (Regular) | 0.77% | 1.51% |
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
Bandhan Nifty Smallcap 250 Index Fund vs ICICI Prudential Small Cap Fund: Frequently Asked Questions
What is the difference between Bandhan Nifty Smallcap 250 Index Fund and ICICI Prudential Small Cap Fund?
Bandhan Nifty Smallcap 250 Index Fund is an Index fund, ICICI Prudential Small Cap Fund is a Small Cap fund, run by Bandhan Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 16.7%. Bandhan Nifty Smallcap 250 Index Fund charges 0.38% a year and ICICI Prudential Small Cap Fund 1.17%.
Which has given higher returns, Bandhan Nifty Smallcap 250 Index Fund or ICICI Prudential Small Cap Fund?
Over 1 year: Bandhan Nifty Smallcap 250 Index Fund −3.69%, ICICI Prudential Small Cap Fund −3.99%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bandhan Nifty Smallcap 250 Index Fund or ICICI Prudential Small Cap Fund?
Bandhan Nifty Smallcap 250 Index Fund charges less: 0.38% a year against 1.17%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bandhan Nifty Smallcap 250 Index Fund and ICICI Prudential Small Cap Fund overlap?
16.7%. They hold 43 of the same securities, the largest shared ones being KIMS, CAMS, ANGELONE. From each fund's latest monthly portfolio.
Can I invest in both Bandhan Nifty Smallcap 250 Index Fund and ICICI Prudential Small Cap Fund?
Yes. 16.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bandhan Nifty Smallcap 250 Index Fund and ICICI Prudential Small Cap Fund?
Bandhan Nifty Smallcap 250 Index Fund: Abhishek Jain. ICICI Prudential Small Cap Fund: Rajat Chandak, Aatur Shah, Sakshat Goel, Gaurav Jain, Sharmila D'silva.
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.