ITI Small Cap Fund - Regular Plan - Growth Option
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- Strong capital defense: downside capture of 69% limits losses during market corrections.
- Generated +6.6% annualized alpha (excess return) over its benchmark.
- Consistently ranked #3 in its category with an MFIQ quantitative score of 6.5/10.
- Experienced a maximum drawdown of -40.0% during severe market crashes.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +1.08% | +1.11% | -0.03% |
| 3 Months | -0.97% | -1.13% | +0.16% |
| 6 Months | +10.70% | +7.86% | +2.84% |
| 1 Year | +16.46% | +11.28% | +5.18% |
| 3 Years CAGR | +19.94% | +13.50% | +6.44% |
| 5 Years CAGR | +15.11% | +13.60% | +1.51% |
| Since Inception | +19.62% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in ITI Small Cap Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +18.88% | +13.95% | +4.93% |
| 2025 | -3.98% | -3.98% | 0.00% |
| 2024 | +33.98% | +25.60% | +8.38% |
| 2023 | +51.93% | +41.38% | +10.55% |
| 2022 | -4.35% | -0.63% | -3.72% |
| 2021 | +31.97% | +61.25% | -29.28% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -20.68% | +26.43% | +17.17% | +109.26% | 80.2% | 59.1% |
| 3-Year Rolling | +12.39% | +24.38% | +24.30% | +34.52% | 100.0% | 53.6% |
| 5-Year Rolling | +14.29% | +21.31% | +19.33% | +34.05% | 100.0% | 22.6% |
Risk Profile & Deepest Drawdowns
Deepest Market Corrections (Depth >= 10%)
| Peak Date | Trough Date | Fall Depth | Months to Bottom | Recovery Period |
|---|---|---|---|---|
| 2020-02-19 | 2020-03-24 | -40.0% | 1 months | 8 months |
| 2021-11-09 | 2022-06-20 | -30.1% | 7 months | 12 months |
| 2024-12-16 | 2025-03-03 | -24.4% | 3 months | 15 months |
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| 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% |
Investment Objective & Strategy
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.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 3,788 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Small Cap schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Small Cap Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Invesco India Small Cap Fund | 7.6 | +19.90% | 1.83% | 76.7% | Rs 18,014 cr | Compare → |
| Mahindra Manulife Small Cap Fund | 6.7 | +17.30% | 2.17% | 84.8% | Rs 5,534 cr | Compare → |
| BANDHAN SMALL CAP FUND | 7.8 | +21.17% | 1.73% | 80.8% | Rs 38,024 cr | Compare → |
| BANK OF INDIA Small Cap Fund | 5.7 | +17.53% | 2.24% | 85.3% | Rs 3,971 cr | Compare → |
| LIC MF Small Cap Fund | 4.9 | +16.17% | 2.63% | 84.8% | Rs 863 cr | Compare → |
Frequently Asked Questions about ITI Small Cap Fund
What is the expense ratio of ITI Small Cap Fund?
ITI Small Cap Fund has a total expense ratio (TER) of 2.2% with a base expense ratio of 1.64%, compared to the Small Cap category median of 2.17%.
Who manages ITI Small Cap Fund?
ITI Small Cap Fund is managed by Dhimant Shah (tenure: 4.3 years since 2022-08-08).
What are the historical returns of ITI Small Cap Fund?
ITI Small Cap Fund delivered a 3-year CAGR of 19.94% and a 5-year CAGR of 15.11%. Its 1-year return stands at +16.46%.
How large is ITI Small Cap Fund?
ITI Small Cap Fund manages assets of Rs 3,788 cr, placing it in the 'comfortable' size band relative to Small Cap peers.
How is ITI Small Cap Fund scored on MFIQ?
ITI Small Cap Fund holds an MFIQ Score of 6.5/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is ITI Small Cap Fund?
ITI Small Cap Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 19.42% with a maximum historical drawdown of -39.98%.