Invesco India Small Cap Fund vs ITI Small Cap Fund
Invesco India Small Cap Fund (Direct) and ITI Small Cap Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Small Cap Fund schemes — see the best small cap mutual funds for the full ranking.
Head to head
NAVs as of 28 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 19 Feb 2020 – 28 Aug 2026, limited by ITI Small Cap Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
View as table
| Date | Invesco India Small Cap Fund | ITI Small Cap Fund | Nifty Smallcap 250 |
|---|---|---|---|
| 19 Feb 2020 | ₹100.00 | ₹100.00 | ₹100.00 |
| 05 Sep 2020 | ₹92.99 | ₹96.12 | ₹94.46 |
| 22 Mar 2021 | ₹128.77 | ₹128.50 | ₹134.40 |
| 07 Oct 2021 | ₹178.49 | ₹165.26 | ₹185.36 |
| 23 Apr 2022 | ₹178.40 | ₹146.92 | ₹187.53 |
| 08 Nov 2022 | ₹187.27 | ₹153.85 | ₹183.53 |
| 25 May 2023 | ₹198.87 | ₹164.27 | ₹188.28 |
| 10 Dec 2023 | ₹264.71 | ₹225.42 | ₹259.89 |
| 25 Jun 2024 | ₹334.41 | ₹300.83 | ₹329.13 |
| 10 Jan 2025 | ₹361.40 | ₹304.04 | ₹324.77 |
| 27 Jul 2025 | ₹377.60 | ₹319.16 | ₹335.31 |
| 11 Feb 2026 | ₹380.90 | ₹311.16 | ₹315.83 |
| 28 Aug 2026 | ₹442.22 | ₹389.57 | ₹355.62 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
Invesco India Small Cap Fund and ITI Small Cap Fund share 21% of their equity book by weight.
Shared holdings — Invesco India Small Cap Fund vs ITI Small Cap Fund
| Stock | Invesco India Small Cap Fund | ITI Small Cap Fund | |
|---|---|---|---|
| Karur Vysya Bank Ltd | 2.17% | 2.15% | 2.15% |
| BSE Ltd | 2.39% | 1.64% | 1.64% |
| Sai Life Sciences Ltd. | 4.96% | 1.50% | 1.50% |
| Kirloskar Oil Engines Ltd | 1.38% | 2.33% | 1.38% |
| The Federal Bank Ltd | 2.11% | 1.32% | 1.32% |
| ZF Commercial Vehicle Control Systems India Ltd | 1.32% | 1.78% | 1.32% |
| Krishna Institute Of Medical Sciences Ltd | 4.55% | 1.32% | 1.32% |
| Craftsman Automation Ltd | 2.59% | 1.31% | 1.31% |
| RBL Bank Ltd | 2.46% | 1.17% | 1.17% |
| Ingersoll Rand India Ltd | 1.08% | 1.04% | 1.04% |
| Delhivery Ltd | 1.54% | 1.04% | 1.04% |
| Zomato Ltd | 3.96% | 0.95% | 0.95% |
| Indusind Bank Ltd | 1.39% | 0.91% | 0.91% |
| Cholamandalam Financial Holdings Ltd | 1.36% | 0.90% | 0.90% |
| Paradeep Phosphates Ltd | 2.07% | 0.78% | 0.78% |
7 more stocks in common. 22 shared of 67 / 79 positions. Weights are shown as a share of each fund's equity book.
| Metric | Invesco · Direct NAV ₹54.88 Very High risk ★★★★★ | ITI · Direct NAV ₹38.94 Very High risk ★★★★☆ | Category median Small Cap Fund · 37 funds |
|---|---|---|---|
| +18.78% | +24.51%Best in row | +15.61% | |
| +25.02% | +27.08%Best in row | +17.35% | |
| +21.59%Best in row | +20.76% | +18.09% | |
| +24.19%Best in row | +23.17% | +20.16% | |
| +23.48% | +25.30%Best in row | — | |
| +29.12%Best in row | +26.88% | +21.54% | |
| +29.48%Best in row | +24.21% | +20.98% | |
| Risk | |||
| 17.95%Best in row | 19.22% | 17.11% | |
| 1.03 | 1.07 | 0.69 | |
| 1.42 | 1.44 | 0.92 | |
| -37.66%Best in row | -39.86% | -32.37% | |
| +8.46% | +9.99%Best in row | +2.17% | |
| 0.85 | 0.88 | 0.86 | |
| 102.9% | 103.2% | 88.3% | |
| 71.3% | 63.8%Best in row | 77.8% | |
| 0.64%Best in row | 0.86% | 0.93% | |
| ₹14,475Cr | ₹2,977Cr | ₹4,379Cr | |
| Up to 1.00% | 0.50% | — | |
| ₹100 | ₹500 | — | |
| ₹100 | ₹5.00K | — | |
| 49% | 342% | 27% | |
| Taher Badshah · 7.9y | Rajesh Bhatia | — | |
| 02 Nov 2018 | 19 Feb 2020 | — | |
| 67 | 79 | — | |
| 37.4% | 23.5% | — | |
| 1.3% | 1.6% | — | |
4 rows carry the same value for every fund — show
- 10Y return (CAGR)
- —
- 10Y rolling avg
- —
- Benchmark
- Nifty Smallcap 250
- Lock-in
- None
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — Invesco India Small Cap Fund or ITI Small Cap Fund?
Over the last 3 years, ITI Small Cap Fund returned +27.08% CAGR against Invesco India Small Cap Fund's +25.02%, computed from AMFI NAV history. Over 5 years: Invesco India Small Cap Fund +21.59% vs ITI Small Cap Fund +20.76% CAGR. Past returns don't guarantee future performance.
Which fund is cheaper — Invesco India Small Cap Fund or ITI Small Cap Fund?
Invesco India Small Cap Fund has the lower expense ratio: Invesco India Small Cap Fund charges 0.64% a year against ITI Small Cap Fund's 0.86%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Invesco India Small Cap Fund or ITI Small Cap Fund?
ITI Small Cap Fund has shown higher volatility (+19.22% annualized vs Invesco India Small Cap Fund's +17.95%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Invesco India Small Cap Fund -23.41% vs ITI Small Cap Fund -24.17%.
Which fund manages more money — Invesco India Small Cap Fund or ITI Small Cap Fund?
Invesco India Small Cap Fund is the larger fund: Invesco India Small Cap Fund manages ₹14,475Cr against ITI Small Cap Fund's ₹2,977Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are Invesco India Small Cap Fund and ITI Small Cap Fund in the same category?
Yes — both are Small Cap Fund schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.