Edelweiss Nifty Smallcap 250 Index Fund vs ICICI Prudential Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Nifty Smallcap 250 Index Fund is an Index fund and ICICI Prudential Small Cap Fund is a Small Cap fund. In the 3 years to 30-10-2026, Edelweiss Nifty Smallcap 250 Index Fund (Direct) returned 12.0% a year and ICICI Prudential Small Cap Fund (Direct) returned 9.5% a year. Edelweiss Nifty Smallcap 250 Index Fund charges 0.32% a year and ICICI Prudential Small Cap Fund 1.17% (Direct plans). Their portfolios overlap 15.6%: they hold 40 of the same securities.
Edelweiss Nifty Smallcap 250 Index Fund
Index
- 3 year return
- 12.0%
- Expense ratio
- 0.32%
- NAV
- ₹17.49
ICICI Prudential Small Cap Fund
Small Cap
- 3 year return
- 9.5%
- Expense ratio
- 1.17%
- NAV
- ₹95.70
Which is better, Edelweiss 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.
- Edelweiss Nifty Smallcap 250 Index returned more over 3 years: 12.0% a year against 9.5%.
- Edelweiss Nifty Smallcap 250 Index returned more over 1 year: −3.4% against −4.0%.
- Edelweiss Nifty Smallcap 250 Index costs less: 0.32% a year against 1.17% (Direct plans).
- ICICI Prudential Small Cap swung less over 3 years: a standard deviation of 14.3% a year against 18.9%.
- ICICI Prudential Small Cap fell less in its worst fall since 02-12-2022: −22.2% against −26.1%.
- ICICI Prudential Small Cap is the larger fund: ₹9,791 Cr against ₹277 Cr.
- Their portfolios overlap 15.6%: 40 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 | Edelweiss Nifty Smallcap 250 Index Fund | ICICI Prudential Small Cap Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | ICICI Prudential Mutual Fund |
| Category | Index | Small Cap |
| AUM | ₹277 Cr (30-09-2026) | ₹9,791 Cr (30-09-2026) |
| NAV | ₹17.49 (Direct) | ₹95.70 (Direct) |
| Expense ratio (Direct) | 0.32% | 1.17% |
| Expense ratio (Regular) | 0.94% | 2.09% |
| Riskometer | Very High | Not available |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| Launch date | 30-11-2022 | 18-10-2007 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Manasi Jalgaonkar | 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 |
Edelweiss 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss Nifty Smallcap 250 Index Fund (Direct) | −5.88% | −5.95% | +0.48% | −3.36% | +11.97% | -- | -- |
| 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.
Edelweiss Nifty Smallcap 250 Index vs ICICI Prudential Small Cap: Year-wise Returns
| Year | Edelweiss Nifty Smallcap 250 IndexEdelweiss Nifty Smallcap 250 Index | ICICI Prudential Small CapICICI Prudential Small Cap | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | +0.82% | −1.25% | +1.00% |
| 2025 | −5.84% | +0.65% | −5.48% |
| 2024 | +26.88% | +16.89% | +27.21% |
| 2023 | +48.00% | +39.47% | +49.09% |
| 2022 | -- | +7.17% | −2.64% |
| 2021 | -- | +63.29% | +63.34% |
Edelweiss 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 3-year holding period, 225 of them, one for each trading day from 02-12-2025 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.
Edelweiss Nifty Smallcap 250 Index Fund (Direct)
ICICI Prudential Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
to
Dec 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 2026Oct 2023
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Nifty Smallcap 250 Index | 0.0 | 0.0 | 0.0 | 14.7 | 53.3 | 32.0 | 0.0 | 18.5% | 19.1% | 11.1% | 23.1% | 0% |
| ICICI Prudential Small Cap | 0.0 | 0.0 | 2.7 | 46.4 | 50.9 | 0.0 | 0.0 | 14.9% | 15.1% | 8.9% | 19.6% | 0% |
| Nifty Smallcap 250 TRI | 0.0 | 0.0 | 0.0 | 12.9 | 46.7 | 40.4 | 0.0 | 19.0% | 19.6% | 11.4% | 23.7% | -- |
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 02-12-2022. Past returns do not promise future returns.
Edelweiss 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 02-12-2022 to 30-10-2026: 47 instalments, ₹4,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Nifty Smallcap 250 IndexEdelweiss Nifty Smallcap 250 Index Fund (Direct) | ₹4,70,000 | ₹5,59,198 | ₹89,198 | 8.9% |
| ICICI Prudential Small CapICICI Prudential Small Cap Fund (Direct) | ₹4,70,000 | ₹5,36,097 | ₹66,097 | 6.7% |
Edelweiss Nifty Smallcap 250 IndexEdelweiss 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.
Edelweiss 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 | Edelweiss Nifty Smallcap 250 Index Fund (Direct) | ICICI Prudential Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.36% | −3.99% |
| Standard deviation | 17.91% | 14.88% |
| Sharpe ratio | -0.48 | -0.62 |
| Sortino ratio | -0.65 | -0.84 |
| Maximum drawdown | −18.3% (23-03-2026) | −15.6% (30-03-2026) |
| Beta | 1.00 | 0.79 |
| Alpha | −0.22% | −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 | Edelweiss Nifty Smallcap 250 Index Fund (Direct) | ICICI Prudential Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.97% | +9.50% |
| Standard deviation | 18.93% | 14.31% |
| Sharpe ratio | 0.31 | 0.24 |
| Sortino ratio | 0.42 | 0.32 |
| Maximum drawdown | −26.1% (03-03-2025) | −22.2% (28-02-2025) |
| Beta | 1.00 | 0.72 |
| Alpha | −0.37% | −1.07% |
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 | Edelweiss Nifty Smallcap 250 Index Fund (Direct) | ICICI Prudential Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.08% | +15.94% |
| Standard deviation | 17.84% | 14.70% |
| Sharpe ratio | 0.50 | 0.67 |
| Sortino ratio | 0.66 | 0.90 |
| Maximum drawdown | −26.1% (03-03-2025) | −45.1% (24-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.45% | -- |
From daily NAVs, 02-12-2022 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.
Edelweiss 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 |
|---|---|---|---|---|---|---|
| Edelweiss Nifty Smallcap 250 Index Fund (Direct) | −26.1% | 23-09-2024 | 03-03-2025 | Not yet | -- | −9.6% |
| 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 02-12-2022, 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.
Edelweiss Nifty Smallcap 250 Index Fund (Direct)
ICICI Prudential Small Cap Fund (Direct)
Nifty Smallcap 250 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.
Edelweiss 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 |
|---|---|---|---|
| Edelweiss Nifty Smallcap 250 Index Fund (Direct) | 99% | 100% | 0.22% |
| ICICI Prudential Small Cap Fund (Direct) | 76% | 73% | 6.93% |
From month-end values since 02-12-2022. 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.
Edelweiss Nifty Smallcap 250 Index vs ICICI Prudential Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Nifty Smallcap 250 Index Fund, September 2026; ICICI Prudential Small Cap Fund, September 2026
Holdings in common
- Overlap
- 15.6%
- Held by both
- 40
- Only in Edelweiss Nifty Smallcap 250 Index
- 210
- Only in ICICI Prudential Small Cap
- 78
| Security | % of Edelweiss Nifty Smallcap 250 Index | % of ICICI Prudential Small Cap |
|---|---|---|
| Krishna Inst of Medical Sciences Ltd. | 0.89% | 1.35% |
| Angel One Ltd. | 0.80% | 1.27% |
| PNB Housing Finance Ltd. | 0.95% | 0.74% |
| Bandhan Bank Ltd. | 0.79% | 0.73% |
| Computer Age Management Services Ltd. | 0.72% | 0.85% |
| Dr. Lal Path Labs Ltd. | 0.70% | 0.97% |
| Kirloskar Oil Engines Ltd. | 0.86% | 0.65% |
| Carborundum Universal Ltd. | 0.65% | 1.21% |
| Timken India Ltd. | 0.50% | 1.78% |
| Kaynes Technology India Ltd. | 0.49% | 1.13% |
| ZF Commercial Vehicle Ctrl Sys Ind Ltd. | 0.48% | 1.63% |
| Brigade Enterprises Ltd. | 0.48% | 0.55% |
| Elgi Equipments Ltd. | 0.59% | 0.47% |
| Aarti Industries Ltd. | 0.44% | 0.49% |
| Tata Chemicals Ltd. | 0.43% | 1.03% |
| Atul Ltd. | 0.42% | 2.11% |
| Netweb Technologies India Ltd. | 0.40% | 0.67% |
| R R Kabel Ltd. | 0.38% | 1.86% |
| PG Electroplast Ltd. | 0.36% | 0.96% |
| Aditya Birla Sun Life AMC Ltd. | 0.33% | 0.88% |
| Honeywell Automation India Ltd. | 0.33% | 0.67% |
| Syngene International Ltd. | 0.31% | 0.40% |
| Jindal Saw Ltd. | 0.29% | 0.92% |
| Triveni Turbine Ltd. | 0.28% | 1.37% |
| EIH Ltd. | 0.27% | 1.53% |
| Can Fin Homes Ltd. | 0.27% | 0.79% |
| Rubicon Research Ltd. | 0.26% | 0.99% |
| Minda Corporation Ltd. | 0.25% | 1.66% |
| TD Power Systems Ltd. | 0.80% | 0.25% |
| Canara HSBC Life Insurance Company Ltd. | 0.24% | 1.20% |
| Aavas Financiers Ltd. | 0.22% | 1.06% |
| CIE Automotive India Ltd. | 0.22% | 0.55% |
| NCC Ltd. | 0.23% | 0.22% |
| Sarda Energy & Minerals Ltd. | 0.21% | 0.24% |
| KSB Ltd. | 0.20% | 0.70% |
| UTI Asset Management Company Ltd. | 0.17% | 1.58% |
| Aditya Infotech Ltd. | 0.47% | 0.16% |
| JSW Cement Ltd. | 0.16% | 1.07% |
| Nuvoco Vistas Corporation Ltd. | 0.15% | 0.92% |
| RHI Magnesita India Ltd. | 0.11% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.6% means 15.6% 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 Edelweiss Nifty Smallcap 250 Index Fund
| Security | % of fund |
|---|---|
| Sona BLW Precision Forgings Ltd. | 1.67% |
| Welspun Corp Ltd. | 1.60% |
| Karur Vysya Bank Ltd. | 1.38% |
| Navin Fluorine International Ltd. | 1.36% |
| Ather Energy Ltd. | 1.21% |
Largest holdings only in ICICI Prudential Small Cap Fund
| Security | % of fund |
|---|---|
| Shadowfax Technologies Ltd | 3.79% |
| Sedemac Mechatronics Ltd | 2.82% |
| Travel Food Services Ltd | 2.07% |
| LIC Housing Finance Ltd. | 1.72% |
| Pondy Oxides & Chemical Ltd. | 1.58% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Nifty Smallcap 250 Index | ICICI Prudential Small Cap |
|---|---|---|
| Equity | 97.2% | 96.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.8% | 3.3% |
Market cap of stocks
| Market cap | Edelweiss Nifty Smallcap 250 Index | ICICI Prudential Small Cap |
|---|---|---|
| Large Cap | 0.0% | 2.3% |
| Mid Cap | 2.7% | 1.5% |
| Small Cap | 93.5% | 85.0% |
| Not on AMFI's list | 1.0% | 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 | Edelweiss Nifty Smallcap 250 Index | ICICI Prudential Small Cap |
|---|---|---|
| Auto Components | 8.5% | 12.2% |
| Industrial Products | 8.4% | 10.4% |
| Pharmaceuticals & Biotechnology | 7.8% | 5.3% |
| Capital Markets | 5.4% | 7.7% |
| Finance | 7.6% | 6.6% |
| Chemicals & Petrochemicals | 5.7% | 7.6% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Nifty Smallcap 250 Index vs ICICI Prudential Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Nifty Smallcap 250 Index Fund | ICICI Prudential Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.32% | 1.17% |
| Base expense ratio (Direct) | 0.12% | 0.71% |
| Total expense ratio (Regular) | 0.94% | 2.09% |
| Base expense ratio (Regular) | 0.65% | 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
Edelweiss Nifty Smallcap 250 Index Fund vs ICICI Prudential Small Cap Fund: Frequently Asked Questions
What is the difference between Edelweiss Nifty Smallcap 250 Index Fund and ICICI Prudential Small Cap Fund?
Edelweiss Nifty Smallcap 250 Index Fund is an Index fund, ICICI Prudential Small Cap Fund is a Small Cap fund, run by Edelweiss Mutual Fund and ICICI Prudential Mutual Fund. Their portfolios overlap 15.6%. Edelweiss Nifty Smallcap 250 Index Fund charges 0.32% a year and ICICI Prudential Small Cap Fund 1.17%.
Which has given higher returns, Edelweiss Nifty Smallcap 250 Index Fund or ICICI Prudential Small Cap Fund?
Over 1 year: Edelweiss Nifty Smallcap 250 Index Fund −3.36%, ICICI Prudential Small Cap Fund −3.99%. Over 3 years: Edelweiss Nifty Smallcap 250 Index Fund +11.97% a year, ICICI Prudential Small Cap Fund +9.50% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Nifty Smallcap 250 Index Fund or ICICI Prudential Small Cap Fund?
Edelweiss Nifty Smallcap 250 Index Fund charges less: 0.32% a year against 1.17%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Nifty Smallcap 250 Index Fund and ICICI Prudential Small Cap Fund overlap?
15.6%. They hold 40 of the same securities, the largest shared ones being KIMS, ANGELONE, PNBHOUSING. From each fund's latest monthly portfolio.
Which is better for SIP, Edelweiss Nifty Smallcap 250 Index Fund or ICICI Prudential Small Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,88,244 in Edelweiss Nifty Smallcap 250 Index Fund (XIRR 3.1% a year) and ₹3,83,228 in ICICI Prudential Small Cap Fund (XIRR 2.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Nifty Smallcap 250 Index Fund and ICICI Prudential Small Cap Fund?
Yes. 15.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Nifty Smallcap 250 Index Fund and ICICI Prudential Small Cap Fund?
Edelweiss Nifty Smallcap 250 Index Fund: Bhavesh Jain, Manasi Jalgaonkar. 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.