Invesco India Small cap Fund vs Sundaram Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Small cap Fund and Sundaram Small Cap Fund are both Small Cap funds. In the 3 years to 30-10-2026, Invesco India Small cap Fund (Direct) returned 20.3% a year and Sundaram Small Cap Fund (Direct) returned 14.1% a year. Invesco India Small cap Fund charges 0.64% a year and Sundaram Small Cap Fund 1.00% (Direct plans). Their portfolios overlap 16.4%: they hold 15 of the same securities.
Invesco India Small cap Fund
Small Cap
- 3 year return
- 20.3%
- Expense ratio
- 0.64%
- NAV
- ₹51.10
Sundaram Small Cap Fund
Small Cap
- 3 year return
- 14.1%
- Expense ratio
- 1.00%
- NAV
- ₹305.54
Which is better, Invesco India Small cap or Sundaram 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.
- Invesco India Small cap returned more over 5 years: 18.2% a year against 14.4%.
- Invesco India Small cap returned more over 3 years: 20.3% a year against 14.1%.
- Invesco India Small cap costs less: 0.64% a year against 1.00% (Direct plans).
- Sundaram Small Cap swung less over 3 years: a standard deviation of 16.6% a year against 17.8%.
- Invesco India Small cap fell less in its worst fall since 02-11-2018: −37.7% against −42.5%.
- Invesco India Small cap is the larger fund: ₹16,131 Cr against ₹4,107 Cr.
- Their portfolios overlap 16.4%: 15 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 | Invesco India Small cap Fund | Sundaram Small Cap Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Sundaram Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹16,131 Cr (30-09-2026) | ₹4,107 Cr (30-09-2026) |
| NAV | ₹51.10 (Direct) | ₹305.54 (Direct) |
| Expense ratio (Direct) | 0.64% | 1.00% |
| Expense ratio (Regular) | 1.84% | 2.03% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 250 Smallcap TRI | Nifty Smallcap 250 TRI |
| Launch date | 30-10-2018 | 01-02-2005 |
| Minimum investment | Not available | New Investor – Rs.100/- |
| Lock in | None | None |
| Fund managers | Taher Badshah, Aditya Khemani | Rohit Seksaria, Shalav Saket |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | Nil - If up to 25% of the units invested are redeemed or withdrawn by way of SWP within 365 days from the date of allotment. Any redemptions or withdrawals by way of SWP in excess of the above mentioned limit would be subject to an exit load of 1 % of the applicable NAV will be charged, if the units are redeemed within 365 days from the date of allotment of units For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil. Further, exit load will be waived on Intra-scheme and Inter scheme Switchouts/STP. Generally, the exit load will be calculated on First in First out (FIFO) basis |
Invesco India Small cap vs Sundaram 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Small cap Fund (Direct) | −2.98% | −3.00% | +9.05% | +6.15% | +20.29% | +18.16% | -- |
| Sundaram Small Cap Fund (Direct) | −6.68% | −4.22% | +1.89% | +2.90% | +14.11% | +14.43% | +13.71% |
| 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.
Invesco India Small cap vs Sundaram Small Cap: Year-wise Returns
| Year | Invesco IndiaInvesco India Small cap | SundaramSundaram Small Cap |
|---|---|---|
| 2026to date | +9.85% | +5.79% |
| 2025 | −1.57% | +1.48% |
| 2024 | +39.37% | +20.41% |
| 2023 | +46.10% | +46.91% |
| 2022 | +0.91% | −0.92% |
| 2021 | +64.99% | +61.97% |
Invesco India Small cap vs Sundaram Small Cap: Rolling Returns
Every holding period of both funds, against BSE 250 SmallCap Index TRI, the benchmark of Invesco India Small cap Fund
Rolling returns
Every 3-year holding period, 1,229 of them, one for each trading day from 02-11-2021 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.
Invesco India Small cap Fund (Direct)
Sundaram Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
to
Mar 2022Jan 2020
to
Jan 2023Dec 2020
to
Dec 2023Oct 2021
to
Oct 2024Aug 2022
to
Aug 2025Jun 2023
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Small cap | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | 22.5 | 77.1 | 28.9% | 28.3% | 19.1% | 41.6% | 89% |
| Sundaram Small Cap | 0.0 | 0.0 | 0.0 | 1.1 | 19.0 | 33.4 | 46.5 | 25.6% | 24.4% | 13.3% | 45.2% | 70% |
| BSE 250 SmallCap Index TRI | 0.0 | 0.0 | 0.1 | 3.6 | 23.1 | 27.7 | 45.6 | 24.9% | 23.9% | 9.9% | 45.1% | -- |
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 BSE 250 SmallCap Index 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 02-11-2018. Past returns do not promise future returns.
Invesco India Small cap vs Sundaram 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 02-11-2018 to 30-10-2026: 96 instalments, ₹9,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India Small capInvesco India Small cap Fund (Direct) | ₹9,60,000 | ₹25,22,717 | ₹15,62,717 | 23.5% |
| Sundaram Small CapSundaram Small Cap Fund (Direct) | ₹9,60,000 | ₹21,40,184 | ₹11,80,184 | 19.5% |
Invesco India Small capInvesco India Small cap Fund (Direct)
Sundaram Small CapSundaram 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.
Invesco India Small cap vs Sundaram Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Small cap Fund (Direct) | Sundaram Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.15% | +2.90% |
| Standard deviation | 17.28% | 17.68% |
| Sharpe ratio | 0.05 | -0.13 |
| Sortino ratio | 0.07 | -0.19 |
| Maximum drawdown | −15.0% (23-03-2026) | −16.1% (23-03-2026) |
| Beta | 0.92 | 0.93 |
| Alpha | +10.45% | +5.47% |
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 | Invesco India Small cap Fund (Direct) | Sundaram Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +20.29% | +14.11% |
| Standard deviation | 17.82% | 16.61% |
| Sharpe ratio | 0.80 | 0.49 |
| Sortino ratio | 1.09 | 0.66 |
| Maximum drawdown | −23.4% (03-03-2025) | −23.8% (03-03-2025) |
| Beta | 0.92 | 0.83 |
| Alpha | +9.79% | +2.83% |
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 | Invesco India Small cap Fund (Direct) | Sundaram Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.16% | +14.43% |
| Standard deviation | 16.71% | 15.86% |
| Sharpe ratio | 0.74 | 0.54 |
| Sortino ratio | 1.00 | 0.73 |
| Maximum drawdown | −23.4% (03-03-2025) | −23.8% (03-03-2025) |
| Beta | 0.88 | 0.82 |
| Alpha | +6.74% | +2.65% |
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 | Invesco India Small cap Fund (Direct) | Sundaram Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +22.51% | +17.09% |
| Standard deviation | 17.91% | 17.71% |
| Sharpe ratio | 0.96 | 0.62 |
| Sortino ratio | 1.29 | 0.83 |
| Maximum drawdown | −37.7% (24-03-2020) | −57.1% (24-03-2020) |
| Beta | 0.88 | -- |
| Alpha | +7.86% | -- |
From daily NAVs, 02-11-2018 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.
Invesco India Small cap Fund (Direct)
Sundaram Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Invesco India Small cap Fund (Direct) | −37.7% | 20-02-2020 | 24-03-2020 | 24-11-2020 | 8 months | −6.9% |
| Sundaram Small Cap Fund (Direct) | −42.5% | 28-05-2019 | 24-03-2020 | 23-11-2020 | 8 months | −9.5% |
| BSE 250 SmallCap Index TRI | −46.0% | 16-04-2019 | 24-03-2020 | 24-11-2020 | 8 months | −11.5% |
From daily values since 02-11-2018, 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.
Invesco India Small cap Fund (Direct)
Sundaram Small Cap Fund (Direct)
BSE 250 SmallCap Index 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.
Invesco India Small cap Fund (Direct)
Sundaram Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Invesco India Small cap Fund (Direct)
Sundaram Small Cap Fund (Direct)
BSE 250 SmallCap Index TRI
Against BSE 250 SmallCap Index TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Small cap Fund (Direct) | 94% | 68% | 7.10% |
| Sundaram Small Cap Fund (Direct) | 94% | 83% | 5.31% |
From month-end values since 02-11-2018. 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.
Invesco India Small cap vs Sundaram Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Small cap Fund, September 2026; Sundaram Small Cap Fund, September 2026
Holdings in common
- Overlap
- 16.4%
- Held by both
- 15
- Only in Invesco India Small cap
- 59
- Only in Sundaram Small Cap
- 60
| Security | % of Invesco India Small cap | % of Sundaram Small Cap |
|---|---|---|
| Eternal Limited | 4.38% | 3.16% |
| InterGlobe Aviation Limited | 3.08% | 2.08% |
| Craftsman Automation Limited | 2.34% | 1.96% |
| Angel One Limited | 1.37% | 1.41% |
| Brigade Enterprises Limited | 1.16% | 1.54% |
| Amber Enterprises India Limited | 3.69% | 1.12% |
| ZF Commercial Vehicle Control Systems India Limited | 0.98% | 1.08% |
| Delhivery Limited | 1.10% | 0.97% |
| Cholamandalam Financial Holdings Limited | 0.93% | 1.92% |
| Safari Industries (India) Limited | 0.91% | 2.24% |
| CEAT Limited | 1.19% | 0.78% |
| Chalet Hotels Limited | 0.67% | 1.38% |
| Birla Corporation Limited | 0.14% | 0.74% |
| Aster DM Quality Care Limited | 0.12% | 2.83% |
| Deepak Nitrite Limited | 0.03% | 0.85% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.4% means 16.4% 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 Invesco India Small cap Fund
| Security | % of fund |
|---|---|
| Sai Life Sciences Limited | 5.14% |
| Aditya Infotech Limited | 3.98% |
| Krishna Institute Of Medical Sciences Limited | 3.42% |
| Max Healthcare Institute Limited | 2.98% |
| Prestige Estates Projects Limited | 2.73% |
Largest holdings only in Sundaram Small Cap Fund
| Security | % of fund |
|---|---|
| MTAR Technologies Ltd | 5.03% |
| Rate Gain Travel Technologies Ltd | 3.18% |
| S.J.S. Enterprises Ltd | 3.17% |
| Affle (India) Ltd | 2.62% |
| PNB Housing Finance Ltd | 2.61% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Small cap | Sundaram Small Cap |
|---|---|---|
| Equity | 98.9% | 95.9% |
| Debt | 0.0% | 0.8% |
| Cash and others | 1.1% | 3.4% |
Market cap of stocks
| Market cap | Invesco India Small cap | Sundaram Small Cap |
|---|---|---|
| Large Cap | 15.0% | 9.9% |
| Mid Cap | 15.6% | 6.0% |
| Small Cap | 65.8% | 77.7% |
| Not on AMFI's list | 2.5% | 2.3% |
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 | Invesco India Small cap | Sundaram Small Cap |
|---|---|---|
| Healthcare Services | 12.5% | 3.9% |
| Banks | 10.8% | 8.7% |
| Finance | 2.6% | 8.3% |
| Auto Components | 6.8% | 8.1% |
| Retailing | 7.8% | 4.4% |
| Pharmaceuticals & Biotechnology | 7.7% | 5.1% |
| Electrical Equipment | 2.0% | 6.9% |
| Capital Markets | 6.4% | 3.0% |
| Consumer Durables | 5.8% | 6.3% |
| Industrial Products | 4.8% | 5.8% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Small cap vs Sundaram Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Small cap Fund | Sundaram Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.64% | 1.00% |
| Base expense ratio (Direct) | 0.41% | 0.74% |
| Total expense ratio (Regular) | 1.84% | 2.03% |
| Base expense ratio (Regular) | 1.44% | 1.64% |
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 Invesco India Small cap with
Invesco India Small cap Fund vs Sundaram Small Cap Fund: Frequently Asked Questions
What is the difference between Invesco India Small cap Fund and Sundaram Small Cap Fund?
Both are Small Cap funds, run by Invesco Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 16.4%. Invesco India Small cap Fund charges 0.64% a year and Sundaram Small Cap Fund 1.00%.
Which has given higher returns, Invesco India Small cap Fund or Sundaram Small Cap Fund?
Over 1 year: Invesco India Small cap Fund +6.15%, Sundaram Small Cap Fund +2.90%. Over 3 years: Invesco India Small cap Fund +20.29% a year, Sundaram Small Cap Fund +14.11% a year. Over 5 years: Invesco India Small cap Fund +18.16% a year, Sundaram Small Cap Fund +14.43% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Small cap Fund or Sundaram Small Cap Fund?
Invesco India Small cap Fund charges less: 0.64% a year against 1.00%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Small cap Fund and Sundaram Small Cap Fund overlap?
16.4%. They hold 15 of the same securities, the largest shared ones being ETERNAL, INDIGO, CRAFTSMAN. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Small cap Fund or Sundaram Small Cap Fund?
On SEBI's riskometer, Invesco India Small cap Fund is rated Very High and Sundaram Small Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 17.82% and 16.61% a year.
Which is better for SIP, Invesco India Small cap Fund or Sundaram Small Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹9,81,457 in Invesco India Small cap Fund (XIRR 18.8% a year) and ₹8,72,824 in Sundaram Small Cap Fund (XIRR 14.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India Small cap Fund and Sundaram Small Cap Fund?
Yes. 16.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Invesco India Small cap Fund and Sundaram Small Cap Fund?
Invesco India Small cap Fund: Taher Badshah, Aditya Khemani. Sundaram Small Cap Fund: Rohit Seksaria, Shalav Saket.
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.