EquitySmall Cap FundRegularGrowthVery High

ICICI Prudential Small Cap Fund

Q: What is the NAV of ICICI Prudential Small Cap Fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Small Cap Fund is ₹89.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has ICICI Prudential Small Cap Fund delivered?

ICICI Prudential Small Cap Fund has returned +3.07% over 1 year, +9.91% per year over 3 years, +12.40% per year over 5 years and +12.35% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

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

ICICI Prudential Small Cap Fund charges an expense ratio of 2.08% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of ICICI Prudential Small Cap Fund?

ICICI Prudential Small Cap Fund's largest holdings are Shadowfax Technologies Ltd (3.9%), RR Kabel Ltd. (2.3%), Atul Ltd. (2.3%), Sedemac Mechatronics Ltd (2.1%) and Travel Food Services Ltd (2.1%). Holdings are disclosed monthly and change over time.

Q: How risky is ICICI Prudential Small Cap Fund?

ICICI Prudential Small Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% 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: What does the Sharpe ratio of 0.24 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Small Cap Fund's 0.24 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of ICICI Prudential Small Cap Fund?

ICICI Prudential Small Cap Fund is benchmarked against the Nifty Smallcap 250 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages ICICI Prudential Small Cap Fund?

ICICI Prudential Small Cap Fund is managed by Rajat Chandak, Aatur Shah, Sakshat Goel, Gaurav Jain and Sharmila D'silva at ICICI Prudential.

Q: How is ICICI Prudential Small Cap Fund taxed?

ICICI Prudential Small Cap 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

₹89.85

-1.07% 1D

as of 01 Oct 2026

This is the Regular plan of ICICI Prudential Small Cap 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.

Compare SIP calculator

Performance

+3.78%CAGR

52-week rangePrev NAV ₹90.82

Latest ₹89.85

Low ₹74.4587th percentile of its 52-week rangeHigh ₹92.23

Scorecard

★★☆☆☆2/5 vs 24 of 35 Small Cap Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Small Cap Fund (same plan and option). 24 of the 35 Small Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +9.91% · ranks 22 of 24 Small Cap Funds

RiskLow

Volatility 14.4% vs 16.9% category avg

CostAverage

2.1% expense vs 2.1% category avg

ConsistencyHigh

96% 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

Less volatile than its Small Cap Fund peers (14.4% vs 16.9%)
Consistent — positive in 96% of rolling 3-year windows

Concerns

Trails the Small Cap Fund average on 3M/6M/1Y — 1Y by 7.65pp
3-year return (+9.91%) trails the Small Cap Fund average (+14.26%)
5-year return (+12.40%) trails the Small Cap Fund average (+14.51%)
Ranks #28 of 31 on 1-year return in its Small Cap Fund cohort
Weaker risk-adjusted returns — Sharpe 0.24 below the Small Cap Fund average of 0.45

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.08%

Category 2.15%▼0.07%

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

20.37

Category —

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

0.24

Category 0.45▼0.21

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 NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out within 1 Year from the date of allotment NIL - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the date of allotment

Up to 1.00%

tiered — see the full terms

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

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

Nifty Smallcap 250 TRI

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)

-2.11%

Absolute return over the last 3 months (not annualized)

+0.63%

Absolute return over the last 6 months (not annualized)

+16.92%

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

+4.57%

Annualized returns (≥1Y — CAGR)

Definitions

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

+3.07%

3-year annualized return (CAGR)

+9.91%

5-year annualized return (CAGR)

+12.40%

10-year annualized return (CAGR)

+14.75%

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.

+12.35%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

14.35%

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

0.24

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

0.32

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

-2.19%

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

0.78

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

91.9%

Excess return per unit of beta (market risk)

4.92

Active return over the benchmark per unit of tracking error

-0.55

Annualized std dev of fund-minus-benchmark returns

7.05%

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

74.1%

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

75.4%

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. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Small Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-2.11%	-3.09%	+0.98%
3M abs	+0.63%	+1.72%	-1.09%
6M abs	+16.92%	+23.60%	-6.68%
1Y CAGR	+3.07%	+10.72%	-7.65%
3Y CAGR	+9.91%	+14.26%	-4.35%
5Y CAGR	+12.40%	+14.51%	-2.11%

Category average across peers in Small Cap Fund (up to 35 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

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

Category rank

Vs 35 peers in Small Cap Fund

1Y return

+3.07%

Beats 10% · rank #28

3Y return

+9.91%

Beats 8.7% · rank #22

5Y return

+12.40%

Beats 25% · rank #16

Sharpe

0.24

Beats 17.4% · rank #20

Sortino

0.32

Beats 17.4% · rank #20

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

₹7.88L

Absolute

+31.37%

XIRR

+11.20%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into ICICI Prudential Small Cap 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
2026part	+4.57%	+6.37%	-1.80%
2025	-0.37%	-5.29%	+4.92%
2024	+15.59%	+27.52%	-11.93%
2023	+37.94%	+49.76%	-11.82%
2022	+5.75%	-2.65%	+8.40%
2021	+61.00%	+63.41%	-2.41%
2020	+22.76%	+27.11%	-4.35%
2019	+10.03%	-7.26%	+17.29%
2018	-22.35%	-26.33%	+3.98%
2017	+42.74%	+58.25%	-15.51%

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

4,606

Expense ratio

2.08%

AUM

₹8,815Cr

Portfolio turnover

120%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

20.4

P/B ratio

3.1

Avg market cap

₹36,070Cr

P/E & P/B are portfolio-weighted harmonic means across 85 of 122 equity holdings (68% of the portfolio); loss-making companies are excluded.

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 Small Cap FundThis fund ICICI Prudential · Regular · Growth	★★☆☆☆	+3.07%	+9.91%	+12.40%	—	2.08%	—
Bandhan Small Cap Fund Bandhan · Regular · Growth	★★★★★	+9.18%	+21.56%	+17.62%	—	1.73%	₹26,012Cr
ITI Small Cap Fund ITI · Regular · Growth	★★★★☆	+17.76%	+21.22%	+16.19%	—	2.20%	₹2,977Cr
Invesco India Small Cap Fund Invesco · Regular · Growth	★★★★★	+12.59%	+19.92%	+17.58%	—	1.84%	—
Bank of India Small Cap Fund Bank of India · Regular · Growth	★★★☆☆	+27.45%	+19.86%	+18.25%	—	2.22%	₹2,235Cr
Mahindra Manulife Small Cap Fund Mahindra Manulife · Regular · Growth	★★★☆☆	+14.00%	+17.48%	—	—	2.20%	₹4,512Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap2.6%
Mid cap1.7%
Small cap95.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity97.48%
Cash & Equivalents2.52%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
ICICI Prudential Exports & Services Fund ICICI Prudential · Sectoral/ Thematic	17.8%	★★★☆☆	1.81%	+13.46%
HDFC Nifty Smallcap 250 Index Fund HDFC · Index Funds	16.5%	★★★★☆	0.33%	+12.76%
Axis Small Cap Fund Axis · Small Cap Fund	16.5%	★★★★☆	0.72%	+14.71%
Nippon India Nifty Smallcap 250 Index Fund Nippon India · Index Funds	16.5%	★★★★☆	0.41%	+12.60%
Edelweiss Nifty Smallcap 250 Index Fund Edelweiss · Index Funds	16.5%	★★★★☆	0.25%	+13.16%
Bandhan Nifty Smallcap 250 Index Fund Bandhan · Index Funds	16.5%	★★★☆☆	0.38%	—
Motilal Oswal Nifty Smallcap 250 Index Fund Motilal Oswal · Index Funds	16.4%	★★★★☆	0.46%	+13.04%
ICICI Prudential Nifty Smallcap 250 Index Fund ICICI Prudential · Index Funds	16.4%	★★★★☆	0.44%	+12.74%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

4 holdings — 4.98% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Cyient DLM LimitedLong-term · Stage I1.41%
Lalithaa Jewellery Mart LimitedShort-term · Stage I1.32%
Rubicon Research LimitedLong-term · Stage I1.31%
Standard Engineering Technology LimitedLong-term · Stage I0.94%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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
Fell over 2.2 years, back to the old high on 17 Dec 2020 — 9 months under water after the low.
-22.5%01 Oct 2024 → 28 Feb 2025
Still below that high — 5 months down, and no recovery yet.

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.

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

₹11,14,544Cr+1.0% QoQ

Avg AUM · April - June 2026

Website

icicipruamc.com

Fund Managers

RCRajat ChandakManaging since 05 Feb 2026

Role

Senior Fund Manager – MF Equity

Education

B.Com, PGDM (Finance)

Experience

Mr. Rajat Chandak has over 17 years of experience in fund management research analysis. He is associated with ICICI Prudential Asset Management Company Limited from May 2008 till date.

Funds managed (4)

All schemes Rajat Chandak runs →

ASAatur ShahManaging since 21 Apr 2025

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 →

SGSakshat GoelManaging since 05 Feb 2026

Role

Fund Manager MF Equity

Education

PGDM – from S.P. Jain Institute of Management & Research and B.E. from P.E.S. Institute of Technology

Experience

4 Mr. Sakshat Goel was appointed as an Investment Analyst in the Investments Department of ICICI Prudential Asset Management Company Limited w.e.f May 3, 2022. Past Experience: ~ ICICI Prudential Asset Management Company Limited – Management Trainee – May 3, 2021 to May 2, 2022. ~ Futures First – Market Analyst – August 28, 2017 to October 31, 2018

GJGaurav JainManaging since 05 Feb 2026

Role

Fund Manager MF Equity

Total experience

Over 10 years

Education

B.Com, – Chartered Accountant & Company Secretary

Experience

Mr. Gaurav Jain was appointed as the Senior Investment Analyst in the Investments Department of ICICI Prudential Asset Management Company Limited w.e.f. January 1, 2023. Past Experience: ~ ICICI Prudential Asset Management Co Ltd - Product Development & Strategy - July 2022 to December 2022 including assignments held during the last 10 years ~ ICICI Prudential Asset Management Co Ltd - Investment Analyst - November 2021 to July 2022 ~ ICICI Prudential Asset Management Co Ltd - Product Specialist - October 2018 to October 2021 ~ Nippon India Asset Management Co Ltd - Credit Analyst - September 2016 to September 2018 ~ Wipro Ltd - October 2015 To August 2016 - Business Finance Manager

SDSharmila D'silvaManaging since 01 Jul 2022

Role

Fund Manager – MF Equity

Total experience

Over 8 years

Education

CA and Bachelor of Commerce in Accounting and Finance (BAF)

Experience

Sharmila D’silva is associated with ICICI in Prudential Asset Management Company Limited from September 2016. She is involved in economics research, strategy research and business cycle research.

Funds managed (33)

All schemes Sharmila D'silva runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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

Rajat Chandak Aatur Shah Sharmila D'silva

Top holdings

Shadowfax Technologies Ltd RR Kabel Ltd.Atul Ltd.Sedemac Mechatronics Ltd Travel Food Services Ltd Timken India Ltd.ZF Commercial Vehicle Control Systems India Ltd Pfizer Ltd.Mahindra & Mahindra Ltd.Minda Corporation Ltd.UTI Asset Management Co Ltd Triveni Turbine Ltd.

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.

Run SIP calculator Add to compare

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 Small Cap Fund?

As of 01 Oct 2026, the NAV of ICICI Prudential Small Cap Fund is ₹89.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has ICICI Prudential Small Cap Fund delivered?

ICICI Prudential Small Cap Fund has returned +3.07% over 1 year, +9.91% per year over 3 years, +12.40% per year over 5 years and +12.35% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of ICICI Prudential Small Cap Fund?

ICICI Prudential Small Cap Fund charges an expense ratio of 2.08% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of ICICI Prudential Small Cap Fund?

ICICI Prudential Small Cap Fund's largest holdings are Shadowfax Technologies Ltd (3.9%), RR Kabel Ltd. (2.3%), Atul Ltd. (2.3%), Sedemac Mechatronics Ltd (2.1%) and Travel Food Services Ltd (2.1%). Holdings are disclosed monthly and change over time.

How risky is ICICI Prudential Small Cap Fund?

ICICI Prudential Small Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.4% 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.

What does the Sharpe ratio of 0.24 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. ICICI Prudential Small Cap Fund's 0.24 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of ICICI Prudential Small Cap Fund?

ICICI Prudential Small Cap Fund is benchmarked against the Nifty Smallcap 250 TRI. Its alpha and beta on this page are measured against that index.

Who manages ICICI Prudential Small Cap Fund?

ICICI Prudential Small Cap Fund is managed by Rajat Chandak, Aatur Shah, Sakshat Goel, Gaurav Jain and Sharmila D'silva at ICICI Prudential.

How is ICICI Prudential Small Cap Fund taxed?

ICICI Prudential Small Cap 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.