Baroda BNP Paribas Small Cap Fund vs ITI Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Small Cap Fund and ITI Small Cap Fund are both Small Cap funds. In the year to 30-10-2026, Baroda BNP Paribas Small Cap Fund (Direct) returned 1.3% and ITI Small Cap Fund (Direct) returned 11.1%. Baroda BNP Paribas Small Cap Fund charges 1.20% a year and ITI Small Cap Fund 0.84% (Direct plans). Their portfolios overlap 24.2%: they hold 20 of the same securities.
Baroda BNP Paribas Small Cap Fund
Small Cap
- 1 year return
- 1.3%
- Expense ratio
- 1.20%
- NAV
- ₹13.74
Which is better, Baroda BNP Paribas 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 1.3%.
- ITI Small Cap costs less: 0.84% a year against 1.20% (Direct plans).
- ITI Small Cap fell less in its worst fall since 01-11-2023: −24.2% against −25.0%.
- ITI Small Cap is the larger fund: ₹3,666 Cr against ₹1,277 Cr.
- Their portfolios overlap 24.2%: 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 | Baroda BNP Paribas Small Cap Fund | ITI Small Cap Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | ITI Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹1,277 Cr (30-09-2026) | ₹3,666 Cr (30-09-2026) |
| NAV | ₹13.74 (Direct) | ₹36.08 (Direct) |
| Expense ratio (Direct) | 1.20% | 0.84% |
| Expense ratio (Regular) | 2.44% | 2.21% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Smallcap 250 TRI |
| Launch date | Not available | 17-02-2020 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Dhimant Shah, Alok Ranjan |
| Exit load | Not available | Exit load of 0.50%, if redeemed within 3 months. |
Baroda BNP Paribas 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 |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Small Cap Fund (Direct) | −5.10% | −4.91% | +1.76% | +1.33% | -- | -- | -- |
| 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.
Baroda BNP Paribas Small Cap vs ITI Small Cap: Year-wise Returns
| Year | Baroda BNP ParibasBaroda BNP Paribas Small Cap | ITIITI Small Cap | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | +3.45% | +15.04% | +1.00% |
| 2025 | −5.49% | −2.54% | −5.48% |
| 2024 | +26.46% | +36.28% | +27.21% |
| 2023 | -- | +54.63% | +49.09% |
| 2022 | -- | −2.37% | −2.64% |
| 2021 | -- | +34.93% | +63.34% |
Baroda BNP Paribas Small Cap vs ITI 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, 490 of them, one for each trading day from 04-11-2024 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.
Baroda BNP Paribas Small Cap Fund (Direct)
ITI Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
to
Jan 2025May 2024
to
May 2025Sept 2024
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Small Cap | 33.5 | 21.8 | 20.6 | 13.5 | 1.2 | 0.8 | 8.6 | 5.3% | 4.0% | −10.2% | 39.9% | 59% |
| ITI Small Cap | 14.9 | 18.0 | 18.2 | 20.4 | 9.6 | 8.4 | 10.6 | 11.9% | 9.6% | −8.5% | 55.9% | 100% |
| Nifty Smallcap 250 TRI | 34.1 | 28.2 | 19.2 | 7.6 | 1.6 | 0.8 | 8.6 | 4.8% | 2.6% | −11.9% | 46.5% | -- |
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 01-11-2023. Past returns do not promise future returns.
Baroda BNP Paribas 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 01-11-2023 to 30-10-2026: 36 instalments, ₹3,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Small CapBaroda BNP Paribas Small Cap Fund (Direct) | ₹3,60,000 | ₹3,83,487 | ₹23,487 | 4.2% |
| ITI Small CapITI Small Cap Fund (Direct) | ₹3,60,000 | ₹4,38,912 | ₹78,912 | 13.3% |
Baroda BNP Paribas Small CapBaroda BNP Paribas 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.
Baroda BNP Paribas 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 | Baroda BNP Paribas Small Cap Fund (Direct) | ITI Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.33% | +11.05% |
| Standard deviation | 15.96% | 18.41% |
| Sharpe ratio | -0.25 | 0.32 |
| Sortino ratio | -0.33 | 0.44 |
| Maximum drawdown | −13.9% (23-03-2026) | −15.2% (23-03-2026) |
| Beta | 0.84 | 0.98 |
| Alpha | +3.15% | +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 | Baroda BNP Paribas Small Cap Fund (Direct) | ITI Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.13% | +21.13% |
| Standard deviation | 16.94% | 19.88% |
| Sharpe ratio | 0.30 | 0.80 |
| Sortino ratio | 0.39 | 1.04 |
| Maximum drawdown | −25.0% (28-02-2025) | −39.9% (24-03-2020) |
| Beta | 0.85 | 0.94 |
| Alpha | −0.40% | +1.86% |
From daily NAVs, 01-11-2023 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.
Baroda BNP Paribas Small Cap Fund (Direct)
ITI 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 |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Small Cap Fund (Direct) | −25.0% | 01-10-2024 | 28-02-2025 | 06-08-2026 | 17 months | −8.0% |
| ITI Small Cap Fund (Direct) | −24.2% | 16-12-2024 | 03-03-2025 | 06-05-2026 | 14 months | −8.2% |
| Nifty Smallcap 250 TRI | −26.0% | 23-09-2024 | 03-03-2025 | 26-08-2026 | 18 months | −9.4% |
From daily values since 01-11-2023, 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.
Baroda BNP Paribas Small Cap Fund (Direct)
ITI Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
Against Nifty Smallcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Small Cap Fund (Direct) | 86% | 80% | 5.71% |
| ITI Small Cap Fund (Direct) | 100% | 66% | 6.14% |
From month-end values since 01-11-2023. 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.
Baroda BNP Paribas Small Cap vs ITI Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Small Cap Fund, September 2026; ITI Small Cap Fund, September 2026
Holdings in common
- Overlap
- 24.2%
- Held by both
- 20
- Only in Baroda BNP Paribas Small Cap
- 41
- Only in ITI Small Cap
- 66
| Security | % of Baroda BNP Paribas Small Cap | % of ITI Small Cap |
|---|---|---|
| Laurus Labs Limited | 3.18% | 2.36% |
| Karur Vysya Bank Limited | 3.56% | 1.93% |
| Acutaas Chemicals Limited | 1.93% | 3.55% |
| Multi Commodity Exchange of India Limited | 3.36% | 1.88% |
| Radico Khaitan Limited | 2.50% | 1.73% |
| Navin Fluorine International Limited | 3.10% | 1.53% |
| Aster DM Quality Care Limited | 1.53% | 1.25% |
| Craftsman Automation Limited | 1.78% | 1.16% |
| Torrent Pharmaceuticals Limited | 2.12% | 1.15% |
| RBL Bank Limited | 1.11% | 1.17% |
| Ujjivan Small Finance Bank Limited | 2.85% | 1.03% |
| Affle 3i Limited | 1.01% | 0.98% |
| City Union Bank Limited | 2.36% | 0.95% |
| Tenneco Clean Air India Limited | 0.94% | 1.49% |
| Manappuram Finance Limited | 0.99% | 0.92% |
| Shiprocket Limited | 1.47% | 0.83% |
| Cartrade Tech Limited | 0.79% | 1.79% |
| Sumitomo Chemical India Limited | 0.68% | 0.91% |
| Hitachi Energy India Limited | 0.60% | 1.17% |
| KSB Limited | 0.47% | 1.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.2% means 24.2% 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 Baroda BNP Paribas Small Cap Fund
| Security | % of fund |
|---|---|
| Sansera Engineering Limited | 2.77% |
| Bharat Heavy Electricals Limited | 2.64% |
| PhysicsWallah Limited | 2.61% |
| Emcure Pharmaceuticals Limited | 2.59% |
| CreditAccess Grameen Limited | 2.58% |
Largest holdings only in ITI Small Cap Fund
| Security | % of fund |
|---|---|
| Welspun Corp Limited | 2.89% |
| VA Tech Wabag Limited | 1.98% |
| Wockhardt Limited | 1.90% |
| GNG Electronics Ltd | 1.77% |
| Apar Industries Limited | 1.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Small Cap | ITI Small Cap |
|---|---|---|
| Equity | 95.3% | 94.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.7% | 5.3% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Small Cap | ITI Small Cap |
|---|---|---|
| Large Cap | 5.4% | 7.3% |
| Mid Cap | 16.5% | 20.1% |
| Small Cap | 70.1% | 62.5% |
| Not on AMFI's list | 3.4% | 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 | Baroda BNP Paribas Small Cap | ITI Small Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 11.4% | 12.1% |
| Banks | 9.9% | 7.8% |
| Industrial Products | 4.6% | 9.8% |
| Finance | 9.4% | 3.6% |
| Auto Components | 8.4% | 8.6% |
| Electrical Equipment | 3.2% | 7.4% |
| Transport Services | 5.5% | 2.5% |
| Capital Markets | 4.6% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Small Cap vs ITI Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Small Cap Fund | ITI Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.20% | 0.84% |
| Base expense ratio (Direct) | 0.79% | 0.45% |
| Total expense ratio (Regular) | 2.44% | 2.21% |
| Base expense ratio (Regular) | 1.85% | 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 Baroda BNP Paribas Small Cap with
Baroda BNP Paribas Small Cap Fund vs ITI Small Cap Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Small Cap Fund and ITI Small Cap Fund?
Both are Small Cap funds, run by Baroda BNP Paribas Mutual Fund and ITI Mutual Fund. Their portfolios overlap 24.2%. Baroda BNP Paribas Small Cap Fund charges 1.20% a year and ITI Small Cap Fund 0.84%.
Which has given higher returns, Baroda BNP Paribas Small Cap Fund or ITI Small Cap Fund?
Over 1 year: Baroda BNP Paribas Small Cap Fund +1.33%, ITI Small Cap Fund +11.05%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Small Cap Fund or ITI Small Cap Fund?
ITI Small Cap Fund charges less: 0.84% a year against 1.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Small Cap Fund and ITI Small Cap Fund overlap?
24.2%. They hold 20 of the same securities, the largest shared ones being LAURUSLABS, KARURVYSYA, ACUTAAS. From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Small Cap Fund or ITI Small Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 01-11-2023 to 30-10-2026 grew to ₹3,83,487 in Baroda BNP Paribas Small Cap Fund (XIRR 4.2% a year) and ₹4,38,912 in ITI Small Cap Fund (XIRR 13.3% a year). Both received 36 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Small Cap Fund and ITI Small Cap Fund?
Yes. 24.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.