ITI Small Cap Fund vs PGIM India Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Small Cap Fund and PGIM India Small Cap Fund are both Small Cap funds. In the 3 years to 30-10-2026, ITI Small Cap Fund (Direct) returned 22.1% a year and PGIM India Small Cap Fund (Direct) returned 14.6% a year. ITI Small Cap Fund charges 0.84% a year and PGIM India Small Cap Fund 0.95% (Direct plans). Their portfolios overlap 28.9%: they hold 25 of the same securities.
PGIM India Small Cap Fund
Small Cap
- 3 year return
- 14.6%
- Expense ratio
- 0.95%
- NAV
- ₹18.81
Which is better, ITI Small Cap 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.
- ITI Small Cap returned more over 5 years: 17.2% a year against 11.4%.
- ITI Small Cap returned more over 3 years: 22.1% a year against 14.6%.
- ITI Small Cap costs less: 0.84% a year against 0.95% (Direct plans).
- PGIM India Small Cap swung less over 3 years: a standard deviation of 15.6% a year against 19.2%.
- PGIM India Small Cap fell less in its worst fall since 02-08-2021: −24.6% against −29.2%.
- ITI Small Cap is the larger fund: ₹3,666 Cr against ₹1,739 Cr.
- Their portfolios overlap 28.9%: 25 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 | ITI Small Cap Fund | PGIM India Small Cap Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | PGIM India Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹3,666 Cr (30-09-2026) | ₹1,739 Cr (30-09-2026) |
| NAV | ₹36.08 (Direct) | ₹18.81 (Direct) |
| Expense ratio (Direct) | 0.84% | 0.95% |
| Expense ratio (Regular) | 2.21% | 2.38% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| Launch date | 17-02-2020 | 29-07-2021 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dhimant Shah, Alok Ranjan | Utsav Mehta, Vivek Sharma, Vinay Paharia, Puneet Pal |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Exit load of 0.5%, if redeemed within 90 days. |
ITI Small Cap 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 |
|---|---|---|---|---|---|---|---|
| ITI Small Cap Fund (Direct) | −4.66% | −0.93% | +10.45% | +11.05% | +22.07% | +17.21% | -- |
| PGIM India Small Cap Fund (Direct) | −5.00% | −1.62% | +7.36% | +4.79% | +14.56% | +11.41% | -- |
| 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.
ITI Small Cap vs PGIM India Small Cap: Year-wise Returns
| Year | ITIITI Small Cap | PGIM IndiaPGIM India Small Cap | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | +15.04% | +9.30% | +1.00% |
| 2025 | −2.54% | +1.00% | −5.48% |
| 2024 | +36.28% | +21.54% | +27.21% |
| 2023 | +54.63% | +25.85% | +49.09% |
| 2022 | −2.37% | −3.47% | −2.64% |
| 2021 | +34.93% | -- | +63.34% |
ITI Small Cap vs PGIM India 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, 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.
ITI Small Cap Fund (Direct)
PGIM India Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ITI Small Cap | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 26.6 | 73.2 | 26.7% | 26.5% | 19.9% | 36.3% | 88% |
| 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% | 9% |
| Nifty Smallcap 250 TRI | 0.0 | 0.0 | 0.0 | 5.8 | 31.5 | 44.7 | 18.1 | 21.5% | 21.4% | 11.4% | 31.2% | -- |
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 02-08-2021. Past returns do not promise future returns.
ITI Small Cap 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 |
|---|---|---|---|---|
| ITI Small CapITI Small Cap Fund (Direct) | ₹6,30,000 | ₹10,63,896 | ₹4,33,896 | 20.0% |
| PGIM India Small CapPGIM India Small Cap Fund (Direct) | ₹6,30,000 | ₹8,74,449 | ₹2,44,449 | 12.4% |
ITI Small CapITI Small Cap 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.
ITI Small Cap 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 | ITI Small Cap Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.05% | +4.79% |
| Standard deviation | 18.41% | 15.96% |
| Sharpe ratio | 0.32 | -0.03 |
| Sortino ratio | 0.44 | -0.04 |
| Maximum drawdown | −15.2% (23-03-2026) | −15.7% (23-03-2026) |
| Beta | 0.98 | 0.84 |
| Alpha | +14.07% | +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 | ITI Small Cap Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +22.07% | +14.56% |
| Standard deviation | 19.22% | 15.58% |
| Sharpe ratio | 0.83 | 0.55 |
| Sortino ratio | 1.12 | 0.75 |
| Maximum drawdown | −24.2% (03-03-2025) | −21.5% (03-03-2025) |
| Beta | 0.98 | 0.76 |
| Alpha | +9.83% | +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 | ITI Small Cap Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.21% | +11.41% |
| Standard deviation | 18.13% | 15.77% |
| Sharpe ratio | 0.63 | 0.36 |
| Sortino ratio | 0.83 | 0.47 |
| Maximum drawdown | −29.2% (20-06-2022) | −24.6% (20-06-2022) |
| Beta | 0.94 | 0.80 |
| Alpha | +4.52% | −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 | ITI Small Cap Fund (Direct) | PGIM India Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.13% | +12.53% |
| Standard deviation | 19.88% | 15.76% |
| Sharpe ratio | 0.80 | 0.43 |
| Sortino ratio | 1.04 | 0.58 |
| Maximum drawdown | −39.9% (24-03-2020) | −24.6% (20-06-2022) |
| Beta | 0.94 | 0.80 |
| Alpha | +1.86% | +1.05% |
From daily NAVs, 19-02-2020 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.
ITI Small Cap Fund (Direct)
PGIM 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 |
|---|---|---|---|---|---|---|
| ITI Small Cap Fund (Direct) | −29.2% | 09-11-2021 | 20-06-2022 | 13-06-2023 | 12 months | −8.2% |
| PGIM India Small Cap Fund (Direct) | −24.6% | 17-01-2022 | 20-06-2022 | 17-07-2023 | 13 months | −8.2% |
| Nifty Smallcap 250 TRI | −26.6% | 17-01-2022 | 20-06-2022 | 15-06-2023 | 12 months | −9.4% |
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.
ITI Small Cap Fund (Direct)
PGIM India 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.
ITI Small Cap Fund (Direct)
PGIM India 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 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
ITI Small Cap Fund (Direct)
PGIM India Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
Against Nifty Smallcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| ITI Small Cap Fund (Direct) | 92% | 72% | 6.85% |
| PGIM India Small Cap Fund (Direct) | 84% | 80% | 7.03% |
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.
ITI Small Cap vs PGIM India Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Small Cap Fund, September 2026; PGIM India Small Cap Fund, September 2026
Holdings in common
- Overlap
- 28.9%
- Held by both
- 25
- Only in ITI Small Cap
- 61
- Only in PGIM India Small Cap
- 47
| Security | % of ITI Small Cap | % of PGIM India Small Cap |
|---|---|---|
| Karur Vysya Bank Limited | 1.93% | 2.20% |
| Multi Commodity Exchange of India Limited | 1.88% | 1.83% |
| Welspun Corp Limited | 2.89% | 1.75% |
| Sai Life Sciences Limited | 1.60% | 1.87% |
| Navin Fluorine International Limited | 1.53% | 2.75% |
| TD Power Systems Limited | 1.31% | 1.64% |
| Radico Khaitan Limited | 1.73% | 1.27% |
| Sedemac Mechatronics Limited | 1.26% | 3.02% |
| Ather Energy Limited | 1.30% | 1.24% |
| Solar Industries India Limited | 1.37% | 1.21% |
| Torrent Pharmaceuticals Limited | 1.15% | 2.00% |
| Eternal Limited | 1.06% | 1.27% |
| One 97 Communications Limited | 1.05% | 1.16% |
| KSB Limited | 1.02% | 1.37% |
| Ujjivan Small Finance Bank Limited | 1.03% | 1.01% |
| Urban Company Ltd. | 1.01% | 1.17% |
| Affle 3i Limited | 0.98% | 2.76% |
| Inventurus Knowledge Solutions Limited | 0.97% | 0.95% |
| City Union Bank Limited | 0.95% | 2.42% |
| Krishna Institute Of Medical Sciences Limited | 0.90% | 2.91% |
| Shiprocket Limited | 0.83% | 1.21% |
| Home First Finance Company India Limited | 0.79% | 0.90% |
| Blue Star Limited | 0.77% | 1.02% |
| JK Cement Limited | 0.76% | 1.51% |
| Dhoot Transmission Ltd | 0.74% | 1.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.9% means 28.9% 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 ITI Small Cap Fund
| Security | % of fund |
|---|---|
| Acutaas Chemicals Limited | 3.55% |
| Laurus Labs Limited | 2.36% |
| VA Tech Wabag Limited | 1.98% |
| Wockhardt Limited | 1.90% |
| Cartrade Tech Limited | 1.79% |
Largest holdings only in PGIM India Small Cap Fund
| Security | % of fund |
|---|---|
| Sansera Engineering Ltd. | 3.42% |
| TBO Tek Ltd. | 3.12% |
| Amagi Media Labs Ltd. | 2.08% |
| Ethos Ltd. | 1.88% |
| Sudeep Pharma Ltd. | 1.66% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Small Cap | PGIM India Small Cap |
|---|---|---|
| Equity | 94.7% | 96.5% |
| Debt | 0.0% | 0.1% |
| Cash and others | 5.3% | 3.3% |
Market cap of stocks
| Market cap | ITI Small Cap | PGIM India Small Cap |
|---|---|---|
| Large Cap | 7.3% | 7.3% |
| Mid Cap | 20.1% | 16.0% |
| Small Cap | 62.5% | 65.8% |
| Not on AMFI's list | 4.9% | 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 | ITI Small Cap | PGIM India Small Cap |
|---|---|---|
| Pharmaceuticals & Biotechnology | 12.1% | 5.8% |
| Auto Components | 8.6% | 10.8% |
| Industrial Products | 9.8% | 5.4% |
| Banks | 7.8% | 7.6% |
| Electrical Equipment | 7.4% | 2.7% |
| IT - Services | 1.9% | 7.1% |
| Chemicals & Petrochemicals | 3.9% | 5.6% |
| Capital Markets | 4.8% | 4.6% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Small Cap vs PGIM India Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Small Cap Fund | PGIM India Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.84% | 0.95% |
| Base expense ratio (Direct) | 0.45% | 0.59% |
| Total expense ratio (Regular) | 2.21% | 2.38% |
| Base expense ratio (Regular) | 1.65% | 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 ITI Small Cap with
ITI Small Cap Fund vs PGIM India Small Cap Fund: Frequently Asked Questions
What is the difference between ITI Small Cap Fund and PGIM India Small Cap Fund?
Both are Small Cap funds, run by ITI Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 28.9%. ITI Small Cap Fund charges 0.84% a year and PGIM India Small Cap Fund 0.95%.
Which has given higher returns, ITI Small Cap Fund or PGIM India Small Cap Fund?
Over 1 year: ITI Small Cap Fund +11.05%, PGIM India Small Cap Fund +4.79%. Over 3 years: ITI Small Cap Fund +22.07% a year, PGIM India Small Cap Fund +14.56% a year. Over 5 years: ITI Small Cap Fund +17.21% 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, ITI Small Cap Fund or PGIM India Small Cap Fund?
ITI Small Cap Fund charges less: 0.84% a year against 0.95%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Small Cap Fund and PGIM India Small Cap Fund overlap?
28.9%. They hold 25 of the same securities, the largest shared ones being KARURVYSYA, MCX, WELCORP. From each fund's latest monthly portfolio.
Which is riskier, ITI Small Cap Fund or PGIM India Small Cap Fund?
On SEBI's riskometer, ITI Small Cap Fund is rated Very High and PGIM India Small Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 19.22% and 15.58% a year.
Which is better for SIP, ITI Small Cap 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 ₹10,19,021 in ITI Small Cap Fund (XIRR 20.3% 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 ITI Small Cap Fund and PGIM India Small Cap Fund?
Yes. 28.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages ITI Small Cap Fund and PGIM India Small Cap Fund?
ITI Small Cap Fund: Dhimant Shah, Alok Ranjan. 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.