EquitySmall Cap FundRegularGrowthVery High

ICICI Prudential Smallcap Fund

Q: What is the NAV of ICICI Prudential Smallcap Fund?

The last published NAV of ICICI Prudential Smallcap Fund was ₹18.65 per unit, on 24 Apr 2020. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

Q: What is the expense ratio of ICICI Prudential Smallcap Fund?

ICICI Prudential Smallcap Fund charges an expense ratio of 2.09% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is ICICI Prudential Smallcap Fund?

ICICI Prudential Smallcap Fund sits at the very high level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 58.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: Who manages ICICI Prudential Smallcap Fund?

ICICI Prudential Smallcap Fund is managed by Aatur Shah and Anish Tawakley at ICICI Prudential.

Q: How is ICICI Prudential Smallcap Fund taxed?

ICICI Prudential Smallcap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

ICICI Prudential Mutual Fund · Best Small Cap Mutual Funds

NAV

₹18.65

as of 24 Apr 2020

This is the Regular plan of ICICI Prudential Smallcap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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This scheme hasn’t published a NAV since 24 Apr 2020 — it appears to have been discontinued or merged. Trailing return and risk metrics need recent pricing, so they can’t be computed; only the NAV history and lifetime drawdown are shown below.

Performance

-24.81%CAGR

52-week rangePrev NAV ₹19.06

Latest ₹18.65

Low ₹16.6518th percentile of its 52-week rangeHigh ₹27.76

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

No 3-year record to rank on yet

Risk—

Volatility not available yet

CostAverage

2.1% expense vs 2.1% category avg

ConsistencyHigh

98% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 98% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.09%

Direct 1.17% · Regular 2.09%

Category 2.15%▼0.06%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.34

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

1% of the applicable Net Asset Value - if the amount sought to be redeemed or switched out within1 year from the date of allotment. • NIL - if the amount sought to be redeemed or switched out after 1 yearfrom the date of allotment The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to a maximum prescribed under the Regulations.

1.00%

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Benchmark

—

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

19 Oct 2007

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

—

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

Absolute return since 1 Jan of this year (not annualized)

—

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

—

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-58.82%

Benchmark ratios (vs Nifty Smallcap 250 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Smallcap 250 TRI

—

Sensitivity to Nifty Smallcap 250 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty Smallcap 250 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty Smallcap 250 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees; price means no free daily yield exists for that index, so the fund's alpha includes roughly the index's dividend yield. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹4.85L

Absolute

-19.13%

XIRR

-8.59%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Smallcap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Smallcap 250 TRI	Diff
2020part	-27.88%	—	—
2019	+9.95%	-7.26%	+17.21%
2018	-22.35%	-26.33%	+3.98%
2017	+42.74%	+58.25%	-15.51%
2016	+5.94%	—	—
2015	+0.45%	—	—
2014	+50.72%	—	—
2013	+8.80%	—	—
2012	+26.01%	—	—
2011	-15.05%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

3,016

Expense ratio

2.09%

AUM

₹8,815Cr

Exit load

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Small Cap Fund

Compare all


ICICI Prudential Smallcap FundThis fund ICICI Prudential · Institutional · Growth	—	—	—	—	—	2.09%	—
ITI Small Cap Fund ITI · Direct · Growth	★★★★☆	+11.05%	+22.06%	+17.20%	38.68	0.84%	₹3,533Cr
Bandhan Small Cap Fund Bandhan · Direct · Growth	★★★★★	+1.22%	+21.58%	+18.06%	14.38	0.65%	₹32,794Cr
Invesco India Small Cap Fund Invesco · Direct · Growth	★★★★★	+6.15%	+20.28%	+18.15%	39.81	0.64%	₹15,129Cr
ITI Small Cap Fund ITI · Regular · Growth	★★★★☆	+9.47%	+20.19%	+15.22%	—	2.21%	₹3,533Cr
Bandhan Small Cap Fund Bandhan · Regular · Growth	★★★★★	+0.03%	+20.00%	+16.41%	—	1.73%	₹32,794Cr

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-58.8%02 Jan 2008 → 27 Oct 2008
Fell over 10 months, back to the old high on 24 Sep 2010 — 1.9 years under water after the low.
-46.3%24 Jan 2018 → 24 Mar 2020
Still below that high — 2.2 years down, and no recovery yet.
-20.5%09 Nov 2010 → 05 Oct 2011
Fell over 11 months, back to the old high on 06 Nov 2012 — 13 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹8,815Cr

April - June 2026

+8%

since January - March 2026

+₹687.36Cr

est. net flow, last quarter

At or near its largest, ₹8,815Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential plc of the UK, in business since 1993. It is among India's largest houses by assets and runs one of the industry's widest scheme line-ups across equity, debt and hybrid.

Launched

11 Oct 1993

Total AUM

₹11,55,871Cr+3.7% QoQ

Avg AUM · July - September 2026

Website

icicipruamc.com

Fund Managers

ASAatur ShahStart date not disclosed

Role

Fund Manager – MF Equity

Total experience

Over 10 years

Education

Chartered Accountant, Chartered Financial Analyst (CFA) and B.Com

Experience

Mr. Aatur started his career with ICICI Prudential Asset Management Company Limited in October 2014. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Product Development & Strategy – October 2014 till February 2020 ~ ICICI Prudential Asset Management Company Limited – Research Analyst – February 2020 till April 2025.

Funds managed (4)

All schemes Aatur Shah runs →

ATAnish TawakleyStart date not disclosed

Role

Co - CIO – Equity

Education

PGDM (MBA) from IIM Bangalore and B. Tech (Mechanical Engineering) from IIT Delhi.

Experience

Mr. Anish Tawakley is the Co - Chief Investment Officer for Equity Investments. He joined ICICI Prudential Asset Management Company Limited in April 2016. He has over 30 years of experience in Equity research role. Past Experience: ~ Barclays India - Equity Research - November 2011 to April 2016. ~ Credit Suisse India - Equity research - Indian financial services sector - January 2011 to November 2011. ~ Alliance Bernstein (UK) based in London - Equity Research - Financial Services stocks in Emerging Markets - January 2003 to November 2010.

Funds managed (3)

All schemes Anish Tawakley runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Aatur Shah Anish Tawakley

ICICI Prudential in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Small Cap funds

Small cap funds invest in companies beyond the top 250 by size. They offer the highest growth potential of any equity category and also the sharpest falls, so they suit long horizons and strong stomachs.

Frequently asked questions

What is the NAV of ICICI Prudential Smallcap Fund?

The last published NAV of ICICI Prudential Smallcap Fund was ₹18.65 per unit, on 24 Apr 2020. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

What is the expense ratio of ICICI Prudential Smallcap Fund?

ICICI Prudential Smallcap Fund charges an expense ratio of 2.09% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is ICICI Prudential Smallcap Fund?

ICICI Prudential Smallcap Fund sits at the very high level on our estimate of SEBI's risk-o-meter scale and its worst peak-to-trough fall in our sample was 58.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Who manages ICICI Prudential Smallcap Fund?

ICICI Prudential Smallcap Fund is managed by Aatur Shah and Anish Tawakley at ICICI Prudential.

How is ICICI Prudential Smallcap Fund taxed?

ICICI Prudential Smallcap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.