ITI Small Cap Fund Direct IDCW NAV today
AMFI: 147917ISIN: INF00XX01754MUTF_IN: ITI_SMAL_CAP_2EQKRBITI Mutual FundSmall Cap funds
NAV ₹32.7543
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹3,666 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.84%19 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- 0.50%if sold within 3 months
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 41.130 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 8630 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 17 Feb 2020
ITI Small Cap Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −6.65% | −7.09% | – | – | – |
| 1 month | −11.68% | −10.98% | 33 of 36 | −10.16% | −10.9% to −9.6% |
| 3 months | −4.57% | −6.96% | 18 of 36 | −4.61% | −5.7% to −3.4% |
| 6 months | +8.24% | −0.85% | 7 of 36 | +3.23% | +0.5% to +6.1% |
| 1 year | +7.49% | −4.43% | 6 of 31 | +1.89% | −2.0% to +5.2% |
| 3 years | +20.56% | +11.80% | 2 of 24 | +12.83% | +10.1% to +15.7% |
| 5 years | +15.90% | +12.39% | 6 of 23 | +13.99% | +12.2% to +15.7% |
| 10 years | Needs 10 years | – | – | +16.03% | +15.0% to +17.1% |
₹10,000 put in on 19 Feb 2020 is ₹34,564 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty Smallcap 250 TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Small Cap funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +22.17% | +7.23% |
| 3 years | +23.65% | +13.96% |
| 5 years | +18.37% | +14.50% |
| Since launch | +22.23% | +21.36% |
Benchmark: Nifty Smallcap 250 TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty Smallcap 250 TRIBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
- Loss
Highest year to Dec 2023, +54.6%; lowest year to Dec 2025, −2.5%Above the benchmark in 4 of 5 years
ITI Small Cap Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,25,481₹1,25,475 after stamp duty | +8.97% | +8.95% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹4,20,375₹4,20,354 after stamp duty | +10.49% | +10.48% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹9,54,640₹9,54,592 after stamp duty | +18.79% | +18.79% | ₹30 | |
| Since Feb 202080 instalments | ₹8,00,000 | ₹16,09,821₹16,09,750 after stamp duty | +20.81% | +20.81% | ₹38 |
10 years: Launched 17 Feb 2020, needs 10 years of history.
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 19 Feb 2020 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,397 windows−19.0%+28.9%+113.9%81.8%
3 years903 windows+14.4%+26.7%+36.2%100.0%
5 years413 windows+15.9%+23.7%+36.7%100.0%
10 yearsLaunched 17 Feb 2020, needs 11 years of history
Every 3 and 5-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
ITI Small Cap Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 1.36 ptsA year, on 19 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.85%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 2.21%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.02%, Apr 2026.Direct plan lowest 0.19%, Jul 2024.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.45% | 1.64% |
| Brokerage | 0.10% | 0.10% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.28% | 0.45% |
Per cent of assets a year, filed for 19 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
If redeemed/Switched out on or before 3 Months from the date of allotment; Exit Load is 0.50% Exit Load after completion of 3 months - NIL
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹1
- SIP
- Accepted
- SIP instalments, at least
- Daily- 30 ; Weekly/Monthly -12 or 6
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP minimum
- Daily: Rs. 500/-/ Weekly and Monthly:Rs. 500/- or Rs. 1000/
- SIP dates
- Daily (Every Business Day), Weekly (Any Day from Monday to Friday),Monthly (Every Business Day)
As listed for this plan on 24 Oct 2026.
ITI Small Cap Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹3,533 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 53.1%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Mar 2020.
Assets at each month end
The latest month end is the highest since Feb 2021.Lowest ₹310 Cr, Feb 2021.
ITI Small Cap Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| Acutaas ChemicalsPharmaceuticals & Biotechnology | Shares | Small cap347th | 3.55% | 130.07 | 3,96,614 | Oct 2022 |
| Welspun CorpIndustrial Products | Shares | Small cap289th | 2.89% | 106.06 | 3,90,375 | Jun 2023 |
| Laurus LabsPharmaceuticals & Biotechnology | Shares | Mid cap171st | 2.36% | 86.57 | 4,37,219 | Dec 2025 |
| VA Tech WabagOther Utilities | Shares | Small cap601st | 1.98% | 72.45 | 3,51,454 | Jan 2025 |
| Karur Vysya BankBanks | Shares | Small cap279th | 1.93% | 70.64 | 21,74,799 | Mar 2022 |
| WockhardtPharmaceuticals & Biotechnology | Shares | Small cap311th | 1.90% | 69.75 | 3,29,595 | Nov 2024 |
| Multi Commodity Exchange of IndiaCapital Markets | Shares | Mid cap157th | 1.88% | 68.78 | 2,08,405 | Jul 2024 |
| Cartrade TechRetailing | Shares | Small cap565th | 1.79% | 65.60 | 2,26,213 | Jan 2025 |
| GNG ElectronicsIT - Hardware | Shares | Small cap831st | 1.77% | 64.87 | 9,44,641 | Sep 2025 |
| Radico KhaitanBeverages | Shares | Mid cap218th | 1.73% | 63.41 | 1,45,229 | Aug 2022 |
| Apar IndustriesElectrical Equipment | Shares | Mid cap209th | 1.68% | 61.57 | 35,416 | Nov 2023 |
| Sai Life SciencesPharmaceuticals & Biotechnology | Shares | Small cap329th | 1.60% | 58.83 | 3,85,886 | Aug 2025 |
| Neuland LaboratoriesPharmaceuticals & Biotechnology | Shares | Small cap356th | 1.57% | 57.45 | 26,910 | Feb 2025 |
| Kirloskar Oil EnginesIndustrial Products | Shares | Small cap323rd | 1.56% | 57.08 | 2,47,734 | Nov 2022 |
| Navin Fluorine InternationalChemicals & Petrochemicals | Shares | Small cap251st | 1.53% | 56.15 | 68,100 | Dec 2025 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| Amber Enterprises India Limited | 1.05% | 38.60 | 57,500 |
| Godfrey Phillips India Limited | 1.02% | 37.25 | 1,94,975 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Net Receivables / (Payables) | 2.53% | 92.13 |
| TREPS 01-Oct-2026 | 2.48% | 91.10 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 3.55%Acutaas Chemicals
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 12.71%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 21.78%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 68.8Taken over 94.99% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares94.74%
- Units of other funds0.25%
- Cash and receivables5.01%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.2.07%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.2.07%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap7.67%Category 5.10%
- Mid cap21.16%Category 11.49%
- Small cap67.36%Category 79.99%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 3.60% of the fund. Category is the average of 36 Small Cap funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.17sectors
- Capital Goods21.26%Category 17.30%
- Financial Services17.25%Category 17.19%
- Healthcare14.28%Category 11.88%
- Automobile And Auto Components9.86%Category 9.52%
- Chemicals5.65%Category 4.95%
- Services4.15%Category 4.35%
- Consumer Durables3.99%Category 5.03%
- Consumer Services3.86%Category 5.52%
- Information Technology3.72%Category 3.20%
- Utilities1.98%Category 0.36%
- Metals & Mining1.90%Category 1.14%
- Fast Moving Consumer Goods1.73%Category 4.05%
- Textiles1.50%Category 1.97%
- Realty1.30%Category 1.53%
- Construction0.87%Category 1.59%
- Construction Materials0.76%Category 0.81%
- Oil Gas & Consumable Fuels0.68%Category 0.59%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 36 Small Cap funds. Category average. The sector's weight, less the futures sold on it, averaged over the 36 Small Cap funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital Goods20 companies | 21.26% | 20.34% | 19.29% | 17.32% | 15.35% | 15.89% | 14.32% | 14.57% | 13.94% | 16.54% | 17.29% | 17.72% | |
| Financial Services17 companies | 17.25% | 18.30% | 20.06% | 21.21% | 22.71% | 23.50% | 23.14% | 26.33% | 26.11% | 25.68% | 24.89% | 22.50% | |
| Healthcare8 companies | 14.28% | 14.46% | 15.13% | 15.73% | 16.32% | 14.23% | 15.49% | 14.18% | 13.42% | 12.99% | 13.11% | 13.14% | |
| Automobile And Auto Components8 companies | 9.86% | 9.99% | 9.09% | 8.73% | 8.08% | 7.99% | 7.82% | 6.63% | 5.46% | 5.26% | 4.04% | 3.50% | |
| Chemicals5 companies | 5.65% | 5.03% | 4.86% | 4.87% | 5.25% | 4.85% | 4.80% | 4.71% | 4.86% | 5.30% | 4.62% | 5.52% | |
| Services6 companies | 4.15% | 4.44% | 3.17% | 1.90% | 1.99% | 2.03% | 1.18% | 0.93% | 2.03% | 1.16% | 1.18% | 1.20% | |
| Consumer Durables4 companies | 3.99% | 4.22% | 4.49% | 4.38% | 4.78% | 5.11% | 5.49% | 5.80% | 5.45% | 4.49% | 5.79% | 6.88% | |
| Consumer Services3 companies | 3.86% | 4.05% | 3.93% | 3.91% | 3.17% | 3.25% | 3.55% | 3.10% | 4.49% | 4.32% | 4.16% | 4.25% | |
| Information Technology3 companies | 3.72% | 3.61% | 3.45% | 3.29% | 3.27% | 3.36% | 3.63% | 3.34% | 3.25% | 3.76% | 4.35% | 4.30% | |
| Utilities1 company | 1.98% | 1.93% | 2.12% | 2.21% | 1.85% | 1.94% | 1.75% | 1.69% | 1.46% | 1.46% | 1.22% | 1.20% | |
| Metals & Mining2 companies | 1.90% | 2.10% | 1.99% | 1.96% | 3.04% | 3.13% | 3.89% | 3.64% | 2.22% | 2.03% | 1.08% | 2.09% | |
| Fast Moving Consumer Goods1 company | 1.73% | 1.81% | 1.95% | 2.57% | 2.72% | 2.84% | 2.79% | 2.46% | 2.56% | 3.87% | 3.84% | 3.74% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 63.18% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 42.01% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 26
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 12
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 44
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 2.01%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 7.74%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| Prasol Chemicals | New | 1.02% | 0.00% | +1.02 pts | +4,45,488 |
| PB Fintech | Sold out | – | 0.99% | −0.99 pts | −1,90,316 |
| DCB Bank | Added | 0.91% | 0.22% | +0.69 pts | +12,77,378 |
| Billionbrains Garage Ventures | Sold out | – | 0.68% | −0.68 pts | −12,80,907 |
| Mtar Technologies | New | 0.68% | 0.00% | +0.68 pts | +32,065 |
| LEAP India | Trimmed | 0.21% | 0.79% | −0.58 pts | −11,37,051 |
| Borosil Renewables | Trimmed | 0.09% | 0.66% | −0.57 pts | −4,02,972 |
| INDO-MIM | New | 0.45% | 0.00% | +0.45 pts | +1,32,050 |
| Dhoot Transmission | Added | 0.74% | 0.33% | +0.41 pts | +1,01,959 |
| Inox Green Energy Services | New | 0.41% | 0.00% | +0.41 pts | +9,23,634 |
| National Stock Exchange of India | New | 0.35% | 0.00% | +0.35 pts | +72,708 |
| Birla Corporation | Sold out | – | 0.31% | −0.31 pts | −1,28,538 |
| Wockhardt | Added | 1.90% | 1.60% | +0.30 pts | +24,327 |
| Aditya Infotech | New | 0.27% | 0.00% | +0.27 pts | +25,959 |
| Cholamandalam Financial Holdings | Added | 0.92% | 0.68% | +0.24 pts | +76,786 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 2 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Acutaas Chemicals | 2.76%Added | 2.96% | 2.69%Cut | 3.15%Cut | 3.50% | 4.51% | 3.76%Cut | 4.43%Added | 4.51%Cut | 3.57%Cut | 3.48% | 3.55% |
 Welspun Corp | 1.65%Added | 1.38%Cut | 1.12%Cut | 1.04% | 1.23%Added | 1.38%Added | 2.02%Added | 2.09%Cut | 1.88%Cut | 2.02%Added | 2.59%Cut | 2.89% |
 Laurus Labs | – | – | 1.36%Bought | 1.68%Added | 1.87%Added | 2.06%Added | 1.79%Cut | 2.14% | 2.15%Cut | 2.39%Cut | 2.41% | 2.36%Cut |
 VA Tech Wabag | 1.20% | 1.22%Added | 1.46%Added | 1.46%Added | 1.69% | 1.75%Added | 1.94%Added | 1.85%Cut | 2.21%Cut | 2.12%Added | 1.93%Cut | 1.98% |
 Karur Vysya Bank | 1.91%Cut | 2.03%Added | 2.16%Cut | 2.62%Added | 2.84%Added | 2.77%Added | 2.39%Added | 2.26%Cut | 2.07%Cut | 2.27%Cut | 2.10%Cut | 1.93% |
 Wockhardt | 1.45% | 1.40% | 1.69%Added | 1.69% | 1.61%Cut | 1.55%Added | 1.69%Added | 2.41%Added | 1.89%Cut | 1.79%Cut | 1.60%Cut | 1.90%Added |
 Multi Commodity Exchange of India | 2.56%Cut | 2.69%Cut | 3.08%Added | 3.40%Cut | 3.50%Added | 3.61%Cut | 3.80%Cut | 3.35%Cut | 2.66%Cut | 1.69%Cut | 1.87%Cut | 1.88%Added |
 Cartrade Tech | 2.18%Cut | 2.28%Added | 2.32%Added | 2.55%Added | 1.56%Cut | 1.59%Added | 1.12%Cut | 1.34%Added | 2.02%Added | 1.88%Cut | 1.88%Cut | 1.79% |
 GNG Electronics | 1.17%Added | 1.16% | 1.07%Cut | 0.80%Cut | 1.36%Added | 1.35% | 1.45%Added | 1.48%Added | 1.65%Cut | 1.44%Added | 1.61%Added | 1.77% |
 Radico Khaitan | 2.02%Cut | 1.95%Cut | 1.96%Cut | 1.73%Cut | 1.60% | 1.73% | 1.88%Cut | 1.87% | 1.84%Cut | 1.95% | 1.81%Cut | 1.73% |
 Apar Industries | 1.23%Added | 1.23%Cut | 1.14% | 1.08%Cut | 1.61%Added | 1.47%Cut | 1.56% | 1.54%Cut | 1.68% | 1.45%Cut | 1.71% | 1.68%Added |
 Sai Life Sciences | 1.04%Added | 1.00% | 1.04% | 1.06%Added | 1.25% | 1.36%Added | 1.37%Added | 1.47%Added | 1.44%Added | 1.54%Added | 1.56%Cut | 1.60% |
 Neuland Laboratories | 1.50% | 1.59% | 1.42%Added | 1.38%Added | 1.31% | 1.19%Cut | 1.38%Added | 1.49%Cut | 1.46%Cut | 1.52%Added | 1.72%Cut | 1.57% |
 Kirloskar Oil Engines | 1.29%Added | 1.58%Added | 1.78%Added | 1.79% | 2.06%Cut | 1.99%Cut | 2.07%Cut | 2.27% | 2.24%Cut | 1.94%Cut | 1.57%Cut | 1.56%Cut |
 Navin Fluorine International | – | – | 0.80%Bought | 1.30%Added | 1.32% | 1.50%Added | 1.47%Added | 1.52%Added | 1.55%Added | 1.49%Added | 1.64% | 1.53% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Small Cap funds (24 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.20.07%
17.00%Lowest19.60%Average21.97%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.11.08%
9.90%Lowest11.49%Average13.37%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.87
0.29Lowest0.54Average0.87Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.1.48
0.43Lowest0.87Average1.50Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty Smallcap 250 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.0.88
0.76Lowest0.86Average0.98Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.+10.65 pts
−1.00 ptsLowest+2.37 ptsAverage of 16 funds+10.65 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.92.6
88.5Lowest92.5Average96.1Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.96
0.94Lowest0.96Average0.98Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.100.8%
76.0%Lowest91.9%Average112.4%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.64.2%
64.2%Lowest77.7%Average93.6%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house.To 30 Sep 20261.80
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 year | −15.19% | 3 Nov 2025 | 23 Mar 2026 | 29 Apr 2026 |
| 3 years | −24.17% | 16 Dec 2024 | 3 Mar 2025 | 6 May 2026 |
| 5 years | −29.18% | 9 Nov 2021 | 20 Jun 2022 | 13 Jun 2023 |
| Since Feb 2020 | −39.86% | 19 Feb 2020 | 24 Mar 2020 | 26 Aug 2020 |
Trading days to sell part of the portfolio
- HalfDays to sell half the portfolio. The trading days the fund house says it would take to sell half of every holding, in proportion, trading a set fraction of each stock's recent daily volume.
- A quarterDays to sell a quarter of the portfolio. The trading days the fund house says it would take to sell a quarter of every holding, in proportion, trading a set fraction of each stock's recent daily volume.
Stress test, Sep 2026
- Days to sell halfDays to sell half the portfolio. The trading days the fund house says it would take to sell half of every holding, in proportion, trading a set fraction of each stock's recent daily volume.
- 2
- Days to sell a quarterDays to sell a quarter of the portfolio. The trading days the fund house says it would take to sell a quarter of every holding, in proportion, trading a set fraction of each stock's recent daily volume.
- 1
- Ten largest investorsTen largest investors' share. The share of the fund's assets held by its ten largest investors, as the fund house states it.
- 16.83%
- Portfolio P/EPortfolio P/E. The price to earnings ratio of the fund's stocks taken together, on the last twelve months' profit, as the fund house states it.
- 45.2
- Benchmark P/EBenchmark P/E. The price to earnings ratio of the fund's benchmark index on the last twelve months' profit, as the fund house states it.
- 34.5
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2021 to Aug 202659 months | Very High | Very HighNifty Smallcap 250 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
ITI Small Cap Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Dhimant ShahFund Manager | Aug 2022 | +25.16%a year | +18.35% | +6.80 pts | 38.1% | 13.0% | 8 | ₹9,955 Cr |
| Alok RanjanFund Manager | May 2026 | +8.78%over 161 days | +1.54% | +7.24 pts | 18.7% | 18.3% | 8 | ₹8,831 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| ITI Flexi Cap FundDhimant Shah | Feb 2023 | +22.30%a year | +13.15% | +9.15 pts | ₹1,588 Cr |
| ITI Multi Cap FundDhimant Shah | Aug 2022 | +18.52%a year | +13.33% | +5.19 pts | ₹1,500 Cr |
| ITI Mid Cap FundDhimant Shah | Oct 2022 | +19.38%a year | +17.67% | +1.71 pts | ₹1,453 Cr |
| ITI Focused FundDhimant Shah | Jun 2023 | +16.15%a year | +11.03% | +5.12 pts | ₹607 Cr |
| ITI ELSS Tax Saver FundDhimant Shah | Dec 2022 | +15.59%a year | +9.93% | +5.67 pts | ₹445 Cr |
| ITI Bharat Consumption FundDhimant Shah | Mar 2025 | +9.60%a year | +4.60% | +5.00 pts | ₹350 Cr |
| ITI Value FundDhimant Shah | Dec 2022 | +13.43%a year | +9.93% | +3.50 pts | ₹346 Cr |
| ITI Multi Cap FundAlok Ranjan | May 2026 | +3.48%over 161 days | −2.35% | +5.83 pts | ₹1,500 Cr |
| ITI Mid Cap FundAlok Ranjan | May 2026 | −2.24%over 161 days | −4.23% | +1.98 pts | ₹1,453 Cr |
| ITI Large & Midcap FundAlok Ranjan | Nov 2024 | +1.90%a year | +1.37% | +0.53 pts | ₹691 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Trustmf Small Cap FundTrust Mutual Fund | 43.59% | 37 |
| Union Small Cap FundUnion Mutual Fund | 39.95% | 40 |
| HSBC Small Cap FundHSBC Mutual Fund | 34.14% | 33 |
| PGIM India Small Cap FundPGIM India Mutual Fund | 28.91% | 25 |
| Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund | 28.16% | 25 |
| Edelweiss Small Cap FundEdelweiss Mutual Fund | 26.75% | 28 |
| Mirae Asset Small Cap FundMirae Asset Mutual Fund | 25.51% | 23 |
| Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund | 25.03% | 26 |
| Baroda BNP Paribas Small Cap FundBaroda BNP Paribas Mutual Fund | 24.22% | 20 |
| UTI Small Cap FundUTI Mutual Fund | 24.12% | 26 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| ITI Flexi Cap FundITI Mutual Fund | 27.90% |
| ITI Multi Cap FundITI Mutual Fund | 27.00% |
| ITI Mid Cap FundITI Mutual Fund | 25.66% |
| ITI Large & Midcap FundITI Mutual Fund | 20.43% |
| ITI Value FundITI Mutual Fund | 19.64% |
| ITI Business Cycle FundITI Mutual Fund | 18.70% |
| ITI Bharat Consumption FundITI Mutual Fund | 13.30% |
| ITI Focused FundITI Mutual Fund | 11.60% |
| ITI ELSS Tax Saver FundITI Mutual Fund | 9.72% |
| ITI Banking and Financial Services FundITI Mutual Fund | 9.70% |
As the fund house states it, for Sep 2026.
ITI Small Cap Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹0.80 a unit, Mar 2024.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 3 Feb 2026 | ₹0.60 | 2.04% | ₹29.4461 | ₹29.0744 |
| 10 Mar 2024 | ₹0.80 | 3.19% | ₹25.1074 | ₹23.8529 |
All 2 payouts since 10 Mar 2024.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
2021
- 31 DecBenchmarkBenchmark: NIFTY Smallcap 100 Total Return Index to Nifty Smallcap 250 TRI
Fund details
Objective
The investment objective of the Scheme is to generate capital appreciation by predominantly investing in equity and equity related securities of small cap companies. However, there can be no assurance that the investment objective of the scheme would be achieved.
Asset allocation
- Equity, Units issued by REITs and Equity related instruments of small cap companies 65%-100%, Equity, Units issued by REITs and Equity Related Instruments of other than small cap companies 0%-35%, Debt and Money Market Instruments - 0%-35%, Units issued by InvITs 0%-10%
Type of scheme
An open ended equity scheme predominantly investing in small cap stocks
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty Smallcap 250 Total Return Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Moderately High risk
- New fund offer
- 27 Jan 2020 to 10 Feb 2020
- Units first allotted
- 17 Feb 2020
- Open for sale again
- 19 Feb 2020
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 147919 | INF00XX01747 | ITI_SMAL_CAP_39JGIF | 19 Feb 2020 | |
| Regular Growth | 147920 | INF00XX01713 | ITI_SMAL_CAP_Z7RRAU | 19 Feb 2020 | |
| Direct IDCW | 147917 | INF00XX01754 | INF00XX01762 | ITI_SMAL_CAP_2EQKRB | 19 Feb 2020 |
| Regular IDCW | 147918 | INF00XX01721 | INF00XX01739 | ITI_SMAL_CAP_GOLPNU | 19 Feb 2020 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Factsheet - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026
Statement of additional information
- SAI ITI Mutual Fund (opens in a new tab)ITI Mutual Fund, Oct 2026
Annual report
- Abridged Annual Report - ITI Mutual Fund 2025-26 (opens in a new tab)ITI Mutual Fund, Mar 2026
- Consolidated Annual Report - ITI Mutual Fund 2025-26 (opens in a new tab)ITI Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure Of Risk-O-Meter Levels FY 2025-26 (opens in a new tab)ITI Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Debt Portfolio Overlap - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026
- Equity Portfolio Overlap - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026
- Hybrid Portfolio Overlap - September 2026 (opens in a new tab)ITI Mutual Fund, Sep 2026