Edelweiss Recently Listed IPO Fund vs PGIM India Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss Recently Listed IPO Fund is a Thematic fund and PGIM India Small Cap Fund is a Small Cap fund. In the 3 years to 30-10-2026, Edelweiss Recently Listed IPO Fund (Direct) returned 16.5% a year and PGIM India Small Cap Fund (Direct) returned 14.6% a year. Edelweiss Recently Listed IPO Fund charges 1.32% a year and PGIM India Small Cap Fund 0.95% (Direct plans). Their portfolios overlap 17.2%: they hold 14 of the same securities.
Edelweiss Recently Listed IPO Fund
Thematic
- 3 year return
- 16.5%
- Expense ratio
- 1.32%
- NAV
- ₹34.14
PGIM India Small Cap Fund
Small Cap
- 3 year return
- 14.6%
- Expense ratio
- 0.95%
- NAV
- ₹18.81
Which is better, Edelweiss Recently Listed IPO or PGIM India 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.
- PGIM India Small Cap returned more over 5 years: 11.4% a year against 10.7%.
- Edelweiss Recently Listed IPO returned more over 3 years: 16.5% a year against 14.6%.
- PGIM India Small Cap costs less: 0.95% a year against 1.32% (Direct plans).
- PGIM India Small Cap swung less over 3 years: a standard deviation of 15.6% a year against 18.0%.
- PGIM India Small Cap fell less in its worst fall since 02-08-2021: −24.6% against −29.7%.
- PGIM India Small Cap is the larger fund: ₹1,739 Cr against ₹1,276 Cr.
- Their portfolios overlap 17.2%: 14 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 Recently Listed IPO Fund | PGIM India Small Cap Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | PGIM India Mutual Fund |
| Category | Thematic | Small Cap |
| AUM | ₹1,276 Cr (30-09-2026) | ₹1,739 Cr (30-09-2026) |
| NAV | ₹34.14 (Direct) | ₹18.81 (Direct) |
| Expense ratio (Direct) | 1.32% | 0.95% |
| Expense ratio (Regular) | 2.58% | 2.38% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty IPO TRI | Nifty Smallcap 250 TRI |
| Launch date | 22-02-2018 | 29-07-2021 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Bharat Lahoti, Bhavesh Jain | Utsav Mehta, Vivek Sharma, Vinay Paharia, Puneet Pal |
| Exit load | Exit load of 2% if redeemed within 6 months. | Exit load of 0.5%, if redeemed within 90 days. |
Edelweiss Recently Listed IPO vs PGIM India 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 Recently Listed IPO Fund (Direct) | −3.79% | +3.64% | +10.59% | +14.82% | +16.50% | +10.65% | -- |
| PGIM India Small Cap Fund (Direct) | −5.00% | −1.62% | +7.36% | +4.79% | +14.56% | +11.41% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | +14.03% | +14.51% | -- |
Category average: the average of the 235 Thematic funds and the 36 Small Cap funds, same plan type.
Edelweiss Recently Listed IPO vs PGIM India Small Cap: Year-wise Returns
| Year | Edelweiss Recently Listed IPOEdelweiss Recently Listed IPO | PGIM India Small CapPGIM India Small Cap |
|---|---|---|
| 2026to date | +17.22% | +9.30% |
| 2025 | −4.38% | +1.00% |
| 2024 | +30.50% | +21.54% |
| 2023 | +36.04% | +25.85% |
| 2022 | −19.29% | −3.47% |
| 2021 | +58.01% | -- |
Edelweiss Recently Listed IPO vs PGIM India Small Cap: Rolling Returns
Every holding period of both funds, against Nifty IPO TRI, the benchmark of Edelweiss Recently Listed IPO Fund
Rolling returns
Every 3-year holding period, 553 of them, one for each trading day from 02-08-2024 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.
Edelweiss Recently Listed IPO Fund (Direct)
PGIM India Small Cap Fund (Direct)
to
Oct 2024Feb 2022
to
Feb 2025Jul 2022
to
Jul 2025Nov 2022
to
Nov 2025Apr 2023
to
Apr 2026Aug 2023
to
Aug 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 Recently Listed IPO | 0.0 | 0.0 | 8.1 | 25.0 | 59.0 | 8.0 | 0.0 | 15.8% | 17.0% | 6.8% | 22.3% | -- |
| PGIM India Small Cap | 0.0 | 0.0 | 2.9 | 28.4 | 63.3 | 5.4 | 0.0 | 15.7% | 16.0% | 7.8% | 21.7% | -- |
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 IPO 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 02-08-2021. Past returns do not promise future returns.
Edelweiss Recently Listed IPO vs PGIM India 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 02-08-2021 to 30-10-2026: 63 instalments, ₹6,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss Recently Listed IPOEdelweiss Recently Listed IPO Fund (Direct) | ₹6,30,000 | ₹9,37,887 | ₹3,07,887 | 15.1% |
| PGIM India Small CapPGIM India Small Cap Fund (Direct) | ₹6,30,000 | ₹8,74,449 | ₹2,44,449 | 12.4% |
Edelweiss Recently Listed IPOEdelweiss Recently Listed IPO Fund (Direct)
PGIM India Small CapPGIM India 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 Recently Listed IPO vs PGIM India Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss Recently Listed IPO Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.82% | +4.79% |
| Standard deviation | 17.85% | 15.96% |
| Sharpe ratio | 0.54 | -0.03 |
| Sortino ratio | 0.77 | -0.04 |
| Maximum drawdown | −13.7% (31-03-2026) | −15.7% (23-03-2026) |
| Beta | 0.96 | 0.84 |
| Alpha | +10.53% | +6.58% |
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 Recently Listed IPO Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.50% | +14.56% |
| Standard deviation | 17.99% | 15.58% |
| Sharpe ratio | 0.58 | 0.55 |
| Sortino ratio | 0.78 | 0.75 |
| Maximum drawdown | −24.8% (03-03-2025) | −21.5% (03-03-2025) |
| Beta | -- | 0.76 |
| Alpha | -- | +3.70% |
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 Recently Listed IPO Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.65% | +11.41% |
| Standard deviation | 17.35% | 15.77% |
| Sharpe ratio | 0.28 | 0.36 |
| Sortino ratio | 0.37 | 0.47 |
| Maximum drawdown | −29.7% (28-03-2023) | −24.6% (20-06-2022) |
| Beta | -- | 0.80 |
| Alpha | -- | −0.24% |
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 | Edelweiss Recently Listed IPO Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.19% | +12.53% |
| Standard deviation | 18.62% | 15.76% |
| Sharpe ratio | 0.53 | 0.43 |
| Sortino ratio | 0.72 | 0.58 |
| Maximum drawdown | −32.3% (24-03-2020) | −24.6% (20-06-2022) |
| Beta | -- | 0.80 |
| Alpha | -- | +1.05% |
From daily NAVs, 27-02-2018 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 Recently Listed IPO Fund (Direct)
PGIM India Small Cap Fund (Direct)
Nifty IPO TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss Recently Listed IPO Fund (Direct) | −29.7% | 17-01-2022 | 28-03-2023 | 08-09-2023 | 5 months | −7.4% |
| PGIM India Small Cap Fund (Direct) | −24.6% | 17-01-2022 | 20-06-2022 | 17-07-2023 | 13 months | −8.2% |
| Nifty IPO TRI | −28.4% | 23-09-2024 | 07-04-2025 | 20-08-2026 | 16 months | −8.7% |
From daily values since 02-08-2021, 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 Recently Listed IPO Fund (Direct)
PGIM India Small Cap Fund (Direct)
Nifty IPO TRI
Against Nifty IPO TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss Recently Listed IPO Fund (Direct) | 110% | 82% | 5.93% |
| PGIM India Small Cap Fund (Direct) | 80% | 63% | 9.16% |
From month-end values since 02-08-2021. 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 Recently Listed IPO vs PGIM India Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss Recently Listed IPO Fund, September 2026; PGIM India Small Cap Fund, September 2026
Holdings in common
- Overlap
- 17.2%
- Held by both
- 14
- Only in Edelweiss Recently Listed IPO
- 40
- Only in PGIM India Small Cap
- 58
| Security | % of Edelweiss Recently Listed IPO | % of PGIM India Small Cap |
|---|---|---|
| Sedemac Mechatronics Ltd. | 3.97% | 3.02% |
| Sudeep Pharma Ltd. | 3.63% | 1.66% |
| Kusumgar Ltd. | 1.84% | 1.44% |
| Ather Energy Ltd. | 3.29% | 1.24% |
| Shiprocket Ltd. | 1.98% | 1.21% |
| Urban Company Ltd. | 1.77% | 1.17% |
| Dhoot Transmission Ltd. | 1.75% | 1.11% |
| Rentomojo Ltd. | 3.20% | 1.02% |
| Lenskart Solutions Ltd. | 2.25% | 1.02% |
| Sai Life Sciences Ltd | 0.96% | 1.87% |
| Clean Max Enviro Energy Solutions Ltd. | 0.91% | 1.66% |
| Elevate Campuses Ltd. | 0.85% | 1.02% |
| Capillary Technologies India Ltd. | 0.82% | 0.85% |
| Amagi Media Labs Ltd. | 0.77% | 2.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.2% means 17.2% 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 Edelweiss Recently Listed IPO Fund
| Security | % of fund |
|---|---|
| ICICI Prudential Asset Mgmt Co Ltd. | 5.78% |
| NSE India Ltd. | 5.32% |
| Meesho Ltd. | 5.12% |
| Shadowfax Technologies Ltd. | 4.00% |
| Emmvee Photovoltaic Power Ltd. | 2.90% |
Largest holdings only in PGIM India Small Cap Fund
| Security | % of fund |
|---|---|
| Sansera Engineering Ltd. | 3.42% |
| TBO Tek Ltd. | 3.12% |
| Krishna Inst of Medical Sciences Ltd. | 2.91% |
| Affle 3i Ltd. | 2.76% |
| Navin Fluorine International Ltd. | 2.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss Recently Listed IPO | PGIM India Small Cap |
|---|---|---|
| Equity | 97.0% | 96.5% |
| Debt | 0.2% | 0.1% |
| Cash and others | 2.8% | 3.3% |
Market cap of stocks
| Market cap | Edelweiss Recently Listed IPO | PGIM India Small Cap |
|---|---|---|
| Large Cap | 8.2% | 7.3% |
| Mid Cap | 7.6% | 16.0% |
| Small Cap | 42.8% | 65.8% |
| Not on AMFI's list | 38.5% | 7.4% |
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 Recently Listed IPO | PGIM India Small Cap |
|---|---|---|
| Capital Markets | 16.1% | 4.6% |
| Auto Components | 9.4% | 10.8% |
| Retailing | 10.6% | 4.8% |
| Banks | 0.0% | 7.6% |
| Electrical Equipment | 7.3% | 2.7% |
| IT - Services | 0.8% | 7.1% |
| Chemicals & Petrochemicals | 6.1% | 5.6% |
| Industrial Manufacturing | 6.0% | 1.0% |
| Pharmaceuticals & Biotechnology | 4.6% | 5.8% |
| Industrial Products | 2.4% | 5.4% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss Recently Listed IPO vs PGIM India Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss Recently Listed IPO Fund | PGIM India Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.32% | 0.95% |
| Base expense ratio (Direct) | 0.80% | 0.59% |
| Total expense ratio (Regular) | 2.58% | 2.38% |
| Base expense ratio (Regular) | 1.87% | 1.80% |
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 Edelweiss Recently Listed IPO with
Edelweiss Recently Listed IPO Fund vs PGIM India Small Cap Fund: Frequently Asked Questions
What is the difference between Edelweiss Recently Listed IPO Fund and PGIM India Small Cap Fund?
Edelweiss Recently Listed IPO Fund is a Thematic fund, PGIM India Small Cap Fund is a Small Cap fund, run by Edelweiss Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 17.2%. Edelweiss Recently Listed IPO Fund charges 1.32% a year and PGIM India Small Cap Fund 0.95%.
Which has given higher returns, Edelweiss Recently Listed IPO Fund or PGIM India Small Cap Fund?
Over 1 year: Edelweiss Recently Listed IPO Fund +14.82%, PGIM India Small Cap Fund +4.79%. Over 3 years: Edelweiss Recently Listed IPO Fund +16.50% a year, PGIM India Small Cap Fund +14.56% a year. Over 5 years: Edelweiss Recently Listed IPO Fund +10.65% a year, PGIM India Small Cap Fund +11.41% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss Recently Listed IPO Fund or PGIM India Small Cap Fund?
PGIM India Small Cap Fund charges less: 0.95% a year against 1.32%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss Recently Listed IPO Fund and PGIM India Small Cap Fund overlap?
17.2%. They hold 14 of the same securities, the largest shared ones being SEDEMAC, SUDEEPPHRM, KUSUMGAR. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss Recently Listed IPO Fund or PGIM India Small Cap Fund?
On SEBI's riskometer, Edelweiss Recently Listed IPO Fund is rated Very High and PGIM India Small Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.99% and 15.58% a year.
Which is better for SIP, Edelweiss Recently Listed IPO Fund or PGIM India Small Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹9,02,082 in Edelweiss Recently Listed IPO Fund (XIRR 15.4% a year) and ₹8,37,330 in PGIM India Small Cap Fund (XIRR 12.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss Recently Listed IPO Fund and PGIM India Small Cap Fund?
Yes. 17.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss Recently Listed IPO Fund and PGIM India Small Cap Fund?
Edelweiss Recently Listed IPO Fund: Bharat Lahoti, Bhavesh Jain. PGIM India Small Cap Fund: Utsav Mehta, Vivek Sharma, Vinay Paharia, Puneet Pal.
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.