Nippon India Small Cap Fund vs Quant Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Nippon India Small Cap Fund and Quant Small Cap Fund are both Small Cap funds. In the 3 years to 30-10-2026, Nippon India Small Cap Fund (Direct) returned 13.0% a year and Quant Small Cap Fund (Direct) returned 16.1% a year. Nippon India Small Cap Fund charges 0.69% a year and Quant Small Cap Fund 0.92% (Direct plans). Their portfolios overlap 6.9%: they hold 27 of the same securities.
Nippon India Small Cap Fund
Small Cap
- 3 year return
- 13.0%
- Expense ratio
- 0.69%
- NAV
- ₹192.76
Which is better, Nippon India Small Cap or Quant 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.
- Quant Small Cap returned more over 5 years: 17.1% a year against 17.1%.
- Quant Small Cap returned more over 3 years: 16.1% a year against 13.0%.
- Nippon India Small Cap costs less: 0.69% a year against 0.92% (Direct plans).
- Nippon India Small Cap swung less over 3 years: a standard deviation of 16.5% a year against 17.6%.
- Quant Small Cap fell less in its worst fall since 07-01-2013: −46.7% against −48.6%.
- Nippon India Small Cap is the larger fund: ₹80,906 Cr against ₹35,572 Cr.
- Their portfolios overlap 6.9%: 27 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 | Nippon India Small Cap Fund | Quant Small Cap Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | quant Mutual Fund |
| Category | Small Cap | Small Cap |
| AUM | ₹80,906 Cr (30-09-2026) | ₹35,572 Cr (30-09-2026) |
| NAV | ₹192.76 (Direct) | ₹297.72 (Direct) |
| Expense ratio (Direct) | 0.69% | 0.92% |
| Expense ratio (Regular) | 1.41% | 1.74% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Smallcap 250 TRI | Nifty Smallcap 250 TRI |
| Launch date | 16-09-2010 | 10-05-1998 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | None | None |
| Fund managers | Samir Rachh | Ankit Pande, Sanjeev Sharma, Sandeep Tandon, Ayusha Kumbhat |
| Exit load | Exit load of 1% if redeemed within 1 year. | Exit load of 1% if redeemed within 1 year |
Nippon India Small Cap vs Quant 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Small Cap Fund (Direct) | −5.79% | −4.50% | +0.35% | −0.23% | +12.97% | +17.08% | +19.26% |
| Quant Small Cap Fund (Direct) | −5.76% | −2.99% | +6.15% | +4.26% | +16.13% | +17.15% | +19.94% |
| 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.
Nippon India Small Cap vs Quant Small Cap: Year-wise Returns
| Year | Nippon IndiaNippon India Small Cap | QuantQuant Small Cap | Nifty Smallcap 250 TRI |
|---|---|---|---|
| 2026to date | +3.07% | +7.57% | +1.00% |
| 2025 | −4.02% | −1.36% | −5.48% |
| 2024 | +27.06% | +23.50% | +27.21% |
| 2023 | +50.17% | +48.05% | +49.09% |
| 2022 | +7.53% | +11.20% | −2.64% |
| 2021 | +75.87% | +91.73% | +63.34% |
Nippon India Small Cap vs Quant 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, 2,663 of them, one for each trading day from 07-01-2016 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.
Nippon India Small Cap Fund (Direct)
Quant Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India Small Cap | 3.8 | 4.6 | 4.8 | 6.9 | 10.2 | 18.5 | 51.1 | 25.7% | 25.3% | −8.3% | 54.5% | 95% |
| Quant Small Cap | 10.7 | 4.9 | 24.9 | 6.6 | 5.7 | 9.1 | 38.1 | 21.2% | 18.4% | −16.6% | 71.6% | 83% |
| Nifty Smallcap 250 TRI | 16.1 | 8.1 | 3.7 | 4.3 | 14.0 | 21.5 | 32.3 | 17.3% | 21.0% | −17.5% | 44.7% | -- |
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 07-01-2013. Past returns do not promise future returns.
Nippon India Small Cap vs Quant 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 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Nippon India Small CapNippon India Small Cap Fund (Direct) | ₹16,60,000 | ₹89,32,012 | ₹72,72,012 | 22.0% |
| Quant Small CapQuant Small Cap Fund (Direct) | ₹16,60,000 | ₹77,19,793 | ₹60,59,793 | 20.2% |
Nippon India Small CapNippon India Small Cap Fund (Direct)
Quant Small CapQuant 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.
Nippon India Small Cap vs Quant Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Small Cap Fund (Direct) | Quant Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.23% | +4.26% |
| Standard deviation | 16.03% | 16.28% |
| Sharpe ratio | -0.34 | -0.06 |
| Sortino ratio | -0.46 | -0.08 |
| Maximum drawdown | −14.7% (31-03-2026) | −16.0% (31-03-2026) |
| Beta | 0.87 | 0.86 |
| Alpha | +1.81% | +6.25% |
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 | Nippon India Small Cap Fund (Direct) | Quant Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.97% | +16.13% |
| Standard deviation | 16.46% | 17.60% |
| Sharpe ratio | 0.42 | 0.57 |
| Sortino ratio | 0.56 | 0.77 |
| Maximum drawdown | −24.2% (03-03-2025) | −24.4% (03-03-2025) |
| Beta | 0.85 | 0.88 |
| Alpha | +1.59% | +4.53% |
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 | Nippon India Small Cap Fund (Direct) | Quant Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.08% | +17.15% |
| Standard deviation | 16.33% | 18.67% |
| Sharpe ratio | 0.69 | 0.61 |
| Sortino ratio | 0.91 | 0.80 |
| Maximum drawdown | −24.2% (03-03-2025) | −25.2% (20-06-2022) |
| Beta | 0.86 | 0.95 |
| Alpha | +4.97% | +4.39% |
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 | Nippon India Small Cap Fund (Direct) | Quant Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +23.01% | +16.99% |
| Standard deviation | 17.11% | 15.26% |
| Sharpe ratio | 0.99 | 0.72 |
| Sortino ratio | 1.32 | 0.97 |
| Maximum drawdown | −48.6% (24-03-2020) | −46.7% (24-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
Nippon India Small Cap Fund (Direct)
Quant 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 |
|---|---|---|---|---|---|---|
| Nippon India Small Cap Fund (Direct) | −48.6% | 15-01-2018 | 24-03-2020 | 14-12-2020 | 9 months | −8.7% |
| Quant Small Cap Fund (Direct) | −46.7% | 19-12-2018 | 24-03-2020 | 07-08-2020 | 4 months | −8.3% |
| Nifty Smallcap 250 TRI | −59.8% | 15-01-2018 | 24-03-2020 | 03-05-2021 | 13 months | −9.4% |
From daily values since 07-01-2013, 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.
Nippon India Small Cap Fund (Direct)
Quant 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.
Nippon India Small Cap Fund (Direct)
Quant 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.
Nippon India Small Cap Fund (Direct)
Quant Small Cap Fund (Direct)
Nifty Smallcap 250 TRI
Against Nifty Smallcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Nippon India Small Cap Fund (Direct) | 98% | 76% | 5.09% |
| Quant Small Cap Fund (Direct) | 87% | 63% | 13.30% |
From month-end values since 07-01-2013. 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.
Nippon India Small Cap vs Quant Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Small Cap Fund, September 2026; Quant Small Cap Fund, September 2026
Holdings in common
- Overlap
- 6.9%
- Held by both
- 27
- Only in Nippon India Small Cap
- 229
- Only in Quant Small Cap
- 88
| Security | % of Nippon India Small Cap | % of Quant Small Cap |
|---|---|---|
| Zydus Wellness Limited | 1.09% | 1.30% |
| Aster DM Quality Care Limited | 0.76% | 2.09% |
| Pfizer Limited | 0.58% | 1.77% |
| Sona BLW Precision Forgings Limited | 0.49% | 3.11% |
| RBL Bank Limited | 0.45% | 4.78% |
| Samvardhana Motherson International Limited | 0.34% | 1.22% |
| LIC Housing Finance Limited | 0.26% | 0.43% |
| Bayer Cropscience Limited | 0.25% | 1.06% |
| K.P.R. Mill Limited | 0.47% | 0.22% |
| Afcons Infrastructure Limited | 0.21% | 0.46% |
| Aditya Birla Lifestyle Brands Limited | 0.21% | 0.86% |
| Castrol India Limited | 0.25% | 0.20% |
| Piramal Finance Limited | 0.20% | 2.49% |
| Sumitomo Chemical India Limited | 0.19% | 0.20% |
| KPIT Technologies Limited | 0.17% | 0.22% |
| Emami Limited | 0.79% | 0.17% |
| Max Estates Limited | 0.18% | 0.14% |
| Just Dial Limited | 0.14% | 0.73% |
| Triveni Turbine Limited | 0.12% | 0.14% |
| Delhivery Limited | 0.53% | 0.11% |
| Arvind Limited | 0.10% | 2.25% |
| Sonata Software Limited | 0.10% | 0.30% |
| Bharat Heavy Electricals Limited | 1.77% | 0.08% |
| Indoco Remedies Limited | 0.08% | 0.31% |
| Rishabh Instruments Ltd | 0.12% | 0.08% |
| Sudarshan Chemical Industries Limited | 0.38% | 0.07% |
| Sanofi India Limited | 0.18% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 6.9% means 6.9% 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 Nippon India Small Cap Fund
| Security | % of fund |
|---|---|
| TD Power Systems Limited | 1.88% |
| HDFC Bank Limited | 1.75% |
| Apar Industries Limited | 1.74% |
| Acme Solar Holdings Ltd | 1.33% |
| Karur Vysya Bank Limited | 1.28% |
Largest holdings only in Quant Small Cap Fund
| Security | % of fund |
|---|---|
| TREPS 01-Oct-2026 DEPO 10 | 10.48% |
| HFCL Limited | 6.10% |
| Adani Enterprises Limited | 4.36% |
| Adani Power Limited | 3.56% |
| Aegis Logistics Limited | 3.50% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Small Cap | Quant Small Cap |
|---|---|---|
| Equity | 97.4% | 88.3% |
| Debt | 0.0% | 11.6% |
| Cash and others | 2.6% | 0.1% |
Market cap of stocks
| Market cap | Nippon India Small Cap | Quant Small Cap |
|---|---|---|
| Large Cap | 14.3% | 11.9% |
| Mid Cap | 13.1% | 8.7% |
| Small Cap | 66.6% | 67.6% |
| Not on AMFI's list | 3.5% | 0.0% |
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 | Nippon India Small Cap | Quant Small Cap |
|---|---|---|
| N.A. | 0.0% | 88.3% |
| Electrical Equipment | 9.5% | 0.0% |
| Auto Components | 7.7% | 0.0% |
| Banks | 7.6% | 0.0% |
| Industrial Products | 6.8% | 0.0% |
| Pharmaceuticals & Biotechnology | 5.4% | 0.0% |
| Consumer Durables | 5.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Small Cap vs Quant Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Small Cap Fund | Quant Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.69% | 0.92% |
| Base expense ratio (Direct) | 0.53% | 0.63% |
| Total expense ratio (Regular) | 1.41% | 1.74% |
| Base expense ratio (Regular) | 1.14% | 1.33% |
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 Nippon India Small Cap with
Nippon India Small Cap Fund vs Quant Small Cap Fund: Frequently Asked Questions
What is the difference between Nippon India Small Cap Fund and Quant Small Cap Fund?
Both are Small Cap funds, run by Nippon India Mutual Fund and quant Mutual Fund. Their portfolios overlap 6.9%. Nippon India Small Cap Fund charges 0.69% a year and Quant Small Cap Fund 0.92%.
Which has given higher returns, Nippon India Small Cap Fund or Quant Small Cap Fund?
Over 1 year: Nippon India Small Cap Fund −0.23%, Quant Small Cap Fund +4.26%. Over 3 years: Nippon India Small Cap Fund +12.97% a year, Quant Small Cap Fund +16.13% a year. Over 5 years: Nippon India Small Cap Fund +17.08% a year, Quant Small Cap Fund +17.15% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Nippon India Small Cap Fund or Quant Small Cap Fund?
Nippon India Small Cap Fund charges less: 0.69% a year against 0.92%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Small Cap Fund and Quant Small Cap Fund overlap?
6.9%. They hold 27 of the same securities, the largest shared ones being ZYDUSWELL, ASTERDM, PFIZER. From each fund's latest monthly portfolio.
Which is riskier, Nippon India Small Cap Fund or Quant Small Cap Fund?
On SEBI's riskometer, Nippon India Small Cap Fund is rated Very High and Quant Small Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 16.46% and 17.60% a year.
Which is better for SIP, Nippon India Small Cap Fund or Quant Small Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,66,032 in Nippon India Small Cap Fund (XIRR 13.8% a year) and ₹9,05,861 in Quant Small Cap Fund (XIRR 15.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Nippon India Small Cap Fund and Quant Small Cap Fund?
Yes. 6.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Nippon India Small Cap Fund and Quant Small Cap Fund?
Nippon India Small Cap Fund: Samir Rachh. Quant Small Cap Fund: Ankit Pande, Sanjeev Sharma, Sandeep Tandon, Ayusha Kumbhat.
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.