Groww Nifty Smallcap 250 Index Fund vs Nippon India Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Nifty Smallcap 250 Index Fund is an Index fund and Nippon India Small Cap Fund is a Small Cap fund. In the year to 30-10-2026, Groww Nifty Smallcap 250 Index Fund (Direct) returned −3.4% and Nippon India Small Cap Fund (Direct) returned −0.2%. Groww Nifty Smallcap 250 Index Fund charges 0.64% a year and Nippon India Small Cap Fund 0.69% (Direct plans). Their portfolios overlap 28.7%: they hold 85 of the same securities.
Groww Nifty Smallcap 250 Index Fund
Index
- 1 year return
- −3.4%
- Expense ratio
- 0.64%
- NAV
- ₹11.20
Nippon India Small Cap Fund
Small Cap
- 1 year return
- −0.2%
- Expense ratio
- 0.69%
- NAV
- ₹192.76
Which is better, Groww Nifty Smallcap 250 Index or Nippon 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.
- Nippon India Small Cap returned more over 1 year: −0.2% against −3.4%.
- Groww Nifty Smallcap 250 Index costs less: 0.64% a year against 0.69% (Direct plans).
- Nippon India Small Cap fell less in its worst fall since 01-03-2024: −24.2% against −26.2%.
- Nippon India Small Cap holds more in large companies: 14.3% of the fund in large caps against 0.0%.
- Nippon India Small Cap is the larger fund: ₹80,906 Cr against ₹136 Cr.
- Their portfolios overlap 28.7%: 85 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 | Groww Nifty Smallcap 250 Index Fund | Nippon India Small Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Nippon India Mutual Fund |
| Category | Index | Small Cap |
| AUM | ₹136 Cr (30-09-2026) | ₹80,906 Cr (30-09-2026) |
| NAV | ₹11.20 (Direct) | ₹192.76 (Direct) |
| Expense ratio (Direct) | 0.64% | 0.69% |
| Expense ratio (Regular) | 1.15% | 1.41% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| Launch date | 29-02-2024 | 16-09-2010 |
| Minimum investment | ₹500 | Not available |
| Lock in | None | None |
| Fund managers | Aakash Chauhan, Nikhil Satam, Shashi Kumar | Samir Rachh |
| Exit load | • 0.25% if redeemed/ switched out within 7 Days from the date of allotment. • Nil - if redeemed/ switched out after 7 Days from the date of allotment | Exit load of 1% if redeemed within 1 year. |
Groww Nifty Smallcap 250 Index vs Nippon 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 |
|---|---|---|---|---|---|---|---|
| Groww Nifty Smallcap 250 Index Fund (Direct) | −5.82% | −5.98% | +0.36% | −3.41% | -- | -- | -- |
| Nippon India Small Cap Fund (Direct) | −5.79% | −4.50% | +0.35% | −0.23% | +12.97% | +17.08% | +19.26% |
| 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.
Groww Nifty Smallcap 250 Index vs Nippon India Small Cap: Year-wise Returns
| Year | Groww Nifty Smallcap 250 IndexGroww Nifty Smallcap 250 Index | Nippon India Small CapNippon India Small Cap | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | +0.65% | +3.07% | +1.00% |
| 2025 | −5.83% | −4.02% | −5.48% |
| 2024 | -- | +27.06% | +27.21% |
| 2023 | -- | +50.17% | +49.09% |
| 2022 | -- | +7.53% | −2.64% |
| 2021 | -- | +75.87% | +63.34% |
Groww Nifty Smallcap 250 Index vs Nippon India 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, 409 of them, one for each trading day from 03-03-2025 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.
Groww Nifty Smallcap 250 Index Fund (Direct)
Nippon India Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww Nifty Smallcap 250 Index | 40.6 | 32.8 | 20.5 | 5.6 | 0.5 | 0.0 | 0.0 | 1.1% | 1.1% | −12.2% | 15.5% | 1% |
| Nippon India Small Cap | 33.7 | 24.7 | 26.2 | 14.2 | 1.2 | 0.0 | 0.0 | 3.1% | 3.6% | −9.6% | 16.1% | 78% |
| Nifty Smallcap 250 TRI | 38.4 | 32.0 | 21.3 | 7.6 | 0.7 | 0.0 | 0.0 | 1.6% | 1.7% | −11.9% | 16.3% | -- |
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 01-03-2024. Past returns do not promise future returns.
Groww Nifty Smallcap 250 Index vs Nippon 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 01-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Nifty Smallcap 250 IndexGroww Nifty Smallcap 250 Index Fund (Direct) | ₹3,20,000 | ₹3,23,963 | ₹3,963 | 0.9% |
| Nippon India Small CapNippon India Small Cap Fund (Direct) | ₹3,20,000 | ₹3,32,644 | ₹12,644 | 2.9% |
Groww Nifty Smallcap 250 IndexGroww Nifty Smallcap 250 Index Fund (Direct)
Nippon India Small CapNippon 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.
Groww Nifty Smallcap 250 Index vs Nippon India Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Nifty Smallcap 250 Index Fund (Direct) | Nippon India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.41% | −0.23% |
| Standard deviation | 18.06% | 16.03% |
| Sharpe ratio | -0.48 | -0.34 |
| Sortino ratio | -0.65 | -0.46 |
| Maximum drawdown | −18.3% (23-03-2026) | −14.7% (31-03-2026) |
| Beta | 1.00 | 0.87 |
| Alpha | −0.25% | +1.81% |
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 | Groww Nifty Smallcap 250 Index Fund (Direct) | Nippon India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.10% | +23.01% |
| Standard deviation | 19.45% | 17.11% |
| Sharpe ratio | -0.09 | 0.99 |
| Sortino ratio | -0.12 | 1.32 |
| Maximum drawdown | −26.2% (03-03-2025) | −48.6% (24-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.62% | -- |
From daily NAVs, 01-03-2024 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.
Groww Nifty Smallcap 250 Index Fund (Direct)
Nippon India 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 |
|---|---|---|---|---|---|---|
| Groww Nifty Smallcap 250 Index Fund (Direct) | −26.2% | 23-09-2024 | 03-03-2025 | Not yet | -- | −9.8% |
| Nippon India Small Cap Fund (Direct) | −24.2% | 24-09-2024 | 03-03-2025 | 22-06-2026 | 16 months | −8.7% |
| Nifty Smallcap 250 TRI | −26.0% | 23-09-2024 | 03-03-2025 | 26-08-2026 | 18 months | −9.4% |
From daily values since 01-03-2024, 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.
Groww Nifty Smallcap 250 Index Fund (Direct)
Nippon India Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
Against Nifty Smallcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww Nifty Smallcap 250 Index Fund (Direct) | 99% | 101% | 0.18% |
| Nippon India Small Cap Fund (Direct) | 91% | 84% | 4.02% |
From month-end values since 01-03-2024. 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.
Groww Nifty Smallcap 250 Index vs Nippon India Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Nifty Smallcap 250 Index Fund, September 2026; Nippon India Small Cap Fund, September 2026
Holdings in common
- Overlap
- 28.7%
- Held by both
- 85
- Only in Groww Nifty Smallcap 250 Index
- 166
- Only in Nippon India Small Cap
- 171
| Security | % of Groww Nifty Smallcap 250 Index | % of Nippon India Small Cap |
|---|---|---|
| Karur Vysya Bank Limited | 1.37% | 1.28% |
| Sai Life Sciences Ltd. | 0.94% | 1.24% |
| Kirloskar Oil Engines Ltd | 0.86% | 0.97% |
| TD Power Systems Limited | 0.80% | 1.88% |
| Mtar Technologies Limited | 0.76% | 0.92% |
| CRAFTSMAN AUTOMATION LIMITED | 0.70% | 0.77% |
| Gland Pharma Limited | 1.03% | 0.66% |
| PNB Housing Finance Limited | 0.94% | 0.66% |
| Carborundum Universal Limited | 0.65% | 0.63% |
| Kalpataru Projects International Limited | 0.70% | 0.62% |
| Navin Fluorine International Limited | 1.36% | 0.58% |
| Krishna Institute of Medical Science Ltd | 0.89% | 0.56% |
| Delhivery Limited | 1.10% | 0.53% |
| Asahi India Glass Limited | 0.52% | 0.60% |
| Timken India Limited | 0.50% | 0.54% |
| FINOLEX CABLES LTD | 0.49% | 0.54% |
| Sona BLW Precision Forgings Limited | 1.67% | 0.49% |
| The Ramco Cements Limited | 0.48% | 0.53% |
| Sansera Engineering Limited | 0.90% | 0.47% |
| RBL Bank Limited | 1.12% | 0.45% |
| Adani Wilmar Limited | 0.44% | 0.58% |
| Poonawalla Fincorp Limited | 0.71% | 0.44% |
| Affle (India) Limited | 0.43% | 0.48% |
| KFIN Technologies Limited | 0.50% | 0.41% |
| Central Depository Services (India) Ltd. | 1.01% | 0.40% |
| PVR INOX LIMITED | 0.40% | 0.50% |
| ACME Solar Holdings Ltd. | 0.40% | 1.33% |
| Crompton Greaves Consumer Electrical Ltd | 0.60% | 0.39% |
| City Union Bank Limited | 0.97% | 0.38% |
| Cyient Limited | 0.39% | 0.38% |
| Deepak Nitrite Ltd | 0.47% | 0.35% |
| Pine Labs Limited | 0.43% | 0.34% |
| Balrampur Chini Mills Limited | 0.34% | 0.91% |
| EMAMI LTD | 0.33% | 0.79% |
| eClerx Services Limited | 0.33% | 0.78% |
| Aarti Industries Limited | 0.44% | 0.33% |
| Aditya Birla Sun Life Mutual Fund | 0.33% | 0.52% |
| Physicswallah Limited | 0.32% | 0.50% |
| Dr. Lal Path Labs Ltd. | 0.69% | 0.32% |
| Syngene International Limited | 0.31% | 0.60% |
| Whirlpool of India Limited | 0.30% | 0.88% |
| PARADEEP PHOSPHATES LIMITED | 0.30% | 0.75% |
| Kajaria Ceramics Limited | 0.45% | 0.29% |
| BELRISE INDUSTRIES LIMITED | 0.40% | 0.29% |
| Data Patterns (India) Limited | 0.58% | 0.28% |
| Jindal Saw Ltd | 0.29% | 0.26% |
| TBO Tek Limited | 0.26% | 0.71% |
| Castrol India Limited | 0.43% | 0.25% |
| Aditya Birla Real Estate Limited | 0.27% | 0.24% |
| Vardhman Textiles Limited | 0.24% | 0.56% |
| Lemon Tree Hotels Limited | 0.23% | 0.25% |
| Zydus Wellness Ltd | 0.22% | 1.09% |
| CIE Automotive India Ltd. | 0.22% | 0.24% |
| Kaynes Technology India Ltd. | 0.49% | 0.21% |
| PG Electroplast Limited | 0.36% | 0.21% |
| Chambal Fertilizers & Chemicals Limited | 0.27% | 0.21% |
| KIRLOSKAR BROTHERS LIMITED | 0.20% | 0.99% |
| ZF Comm. Vehicle Control Systems Ind Ltd | 0.47% | 0.19% |
| CESC Limited | 0.38% | 0.19% |
| Sumitomo Chemical India Limited | 0.24% | 0.19% |
| Aavas Financiers Limited | 0.22% | 0.19% |
| Tejas Networks Limited | 0.18% | 0.30% |
| Afcons Infrastructure Limited | 0.17% | 0.21% |
| Allied Blenders and Distillers Limited | 0.17% | 0.37% |
| Elgi Equipments Limited | 0.58% | 0.17% |
| Brigade Enterprises Limited | 0.48% | 0.17% |
| KPIT Technologies Limited | 0.37% | 0.17% |
| Doms Industries Limited | 0.21% | 0.17% |
| Clean Science and Technology Limited | 0.17% | 0.30% |
| JSW Cement Limited | 0.16% | 0.28% |
| Computer Age Management Services Limited | 0.72% | 0.16% |
| Creditaccess Grameen Limited | 0.31% | 0.16% |
| UTI ASSET MANAGEMENT COMPANY LTD | 0.17% | 0.16% |
| Can Fin Homes Limited | 0.27% | 0.15% |
| Piramal Pharma Limited | 0.57% | 0.13% |
| RAINBOW CHILDRENS MEDICARE LIMITED | 0.29% | 0.13% |
| Zensar Technologies Limited | 0.21% | 0.13% |
| RITES LIMITED | 0.13% | 0.24% |
| TRIVENI TURBINE LTD. | 0.28% | 0.12% |
| Inox Wind Limited | 0.30% | 0.11% |
| RHI MAGNESITA INDIA LIMITED | 0.11% | 0.21% |
| Central Mine Planning & Design Inst Ltd | 0.10% | 0.65% |
| Birlasoft Ltd | 0.20% | 0.10% |
| Urban Company Limited | 0.24% | 0.09% |
| KEC International Limited | 0.22% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.7% means 28.7% 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 Groww Nifty Smallcap 250 Index Fund
| Security | % of fund |
|---|---|
| WELSPUN CORP LTD | 1.59% |
| Ather Energy Limited | 1.21% |
| Sterlite Technologies Limited | 1.19% |
| Redington Limited | 1.08% |
| HFCL Limited | 1.04% |
Largest holdings only in Nippon India Small Cap Fund
| Security | % of fund |
|---|---|
| Bharat Heavy Electricals Limited | 1.77% |
| HDFC Bank Limited | 1.75% |
| Apar Industries Limited | 1.74% |
| Sundram Fasteners Limited | 1.20% |
| State Bank of India | 1.19% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Nifty Smallcap 250 Index | Nippon India Small Cap |
|---|---|---|
| Equity | 98.6% | 97.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | 2.6% |
Market cap of stocks
| Market cap | Groww Nifty Smallcap 250 Index | Nippon India Small Cap |
|---|---|---|
| Large Cap | 0.0% | 14.3% |
| Mid Cap | 2.7% | 13.1% |
| Small Cap | 94.9% | 66.6% |
| Not on AMFI's list | 1.0% | 3.5% |
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 | Groww Nifty Smallcap 250 Index | Nippon India Small Cap |
|---|---|---|
| Electrical Equipment | 3.3% | 9.5% |
| Industrial Products | 8.6% | 6.8% |
| Auto Components | 8.4% | 7.7% |
| Pharmaceuticals & Biotechnology | 7.7% | 5.4% |
| Banks | 5.1% | 7.6% |
| Finance | 7.6% | 4.0% |
| Chemicals & Petrochemicals | 5.7% | 5.0% |
| Consumer Durables | 2.8% | 5.4% |
| Capital Markets | 5.4% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Nifty Smallcap 250 Index vs Nippon India Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Nifty Smallcap 250 Index Fund | Nippon India Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 0.69% |
| Base expense ratio (Direct) | 0.45% | 0.53% |
| Total expense ratio (Regular) | 1.15% | 1.41% |
| Base expense ratio (Regular) | 0.90% | 1.14% |
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
Groww Nifty Smallcap 250 Index Fund vs Nippon India Small Cap Fund: Frequently Asked Questions
What is the difference between Groww Nifty Smallcap 250 Index Fund and Nippon India Small Cap Fund?
Groww Nifty Smallcap 250 Index Fund is an Index fund, Nippon India Small Cap Fund is a Small Cap fund, run by Groww Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 28.7%. Groww Nifty Smallcap 250 Index Fund charges 0.64% a year and Nippon India Small Cap Fund 0.69%.
Which has given higher returns, Groww Nifty Smallcap 250 Index Fund or Nippon India Small Cap Fund?
Over 1 year: Groww Nifty Smallcap 250 Index Fund −3.41%, Nippon India Small Cap Fund −0.23%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Nifty Smallcap 250 Index Fund or Nippon India Small Cap Fund?
Groww Nifty Smallcap 250 Index Fund charges less: 0.64% a year against 0.69%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Nifty Smallcap 250 Index Fund and Nippon India Small Cap Fund overlap?
28.7%. They hold 85 of the same securities, the largest shared ones being KARURVYSYA, SAILIFE, KIRLOSENG. From each fund's latest monthly portfolio.
Which is riskier, Groww Nifty Smallcap 250 Index Fund or Nippon India Small Cap Fund?
On SEBI's riskometer, Groww Nifty Smallcap 250 Index Fund is rated Very High and Nippon India Small Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 18.06% and 16.03% a year.
Can I invest in both Groww Nifty Smallcap 250 Index Fund and Nippon India Small Cap Fund?
Yes. 28.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Nifty Smallcap 250 Index Fund and Nippon India Small Cap Fund?
Groww Nifty Smallcap 250 Index Fund: Aakash Chauhan, Nikhil Satam, Shashi Kumar. Nippon India Small Cap Fund: Samir Rachh.
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.