Small Cap Fund · head to head · AMFI NAVs
DSP Small Cap Fund vs HDFC Small Cap Fund: SIP returns compared
Same ₹10,000 monthly SIP, same dates, Direct plans: over the last 5 years DSP Small Cap Fund is worth ₹9.30 L (XIRR 18.1%) and HDFC Small Cap Fund ₹8.03 L (XIRR 12.0%) — DSP Small Cap Fund ahead by ₹1,27,604. Across every 5-year SIP since Jul 2014, DSP Small Cap Fund finished ahead in 29 of 88 and HDFC Small Cap Fund in 59.
Historical simulation on actual NAVs — not a forecast and not investment advice. Disclaimer
DSP Small Cap Fund: invested — over — instalments; valued at NAV of —:
| Year | Invested | DSP Small Cap Fund value | XIRR to date |
|---|
₹10,000 a month in each: what it became
Each row is a monthly SIP ending today (1 Oct 2026), Direct plans. Post-tax assumes everything is redeemed today with no other capital gains this year.
| SIP period | Invested | DSP Small Cap Fund | XIRR | HDFC Small Cap Fund | XIRR | Post-tax (both) |
|---|---|---|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1.34 L | 25.7% | ₹1.20 L | -0.2% | ₹1.31 L / ₹1.20 L |
| 3 years | ₹3,60,000 | ₹4.42 L | 14.6% | ₹3.77 L | 3.2% | ₹4.39 L / ₹3.77 L |
| 5 years | ₹6,00,000 | ₹9.30 L | 18.1% | ₹8.03 L | 12.0% | ₹9.03 L / ₹7.93 L |
| 10 years | ₹12,00,000 | ₹33.77 L | 19.9% | ₹29.63 L | 17.5% | ₹31.23 L / ₹27.64 L |
Every 5-year SIP, head to head
We started the same SIP in both funds in every month both have NAVs for — 88 SIPs, the first starting Jul 2014. DSP Small Cap Fund finished ahead in 33% of them; the median gap was 0.9 percentage points a year in HDFC Small Cap Fund's favour.
Downside on the same dates: DSP Small Cap Fund's worst 5-year SIP returned -10.2% a year (started Apr 2015) and 4 of 88 lost money; HDFC Small Cap Fund's worst returned -9.5% (started Apr 2015) and 4 lost money.
XIRR of every 5-year monthly SIP by the month it started. Gap = DSP Small Cap Fund minus HDFC Small Cap Fund, percentage points a year.
| Window | SIPs compared | Ahead (DSP / HDFC) | Median gap | Worst gap | Best gap |
|---|---|---|---|---|---|
| 3-year SIPs | 112 | 44% / 56% | -1.2 pp | -17.3 ppstarted Oct 2015 | +11.6 ppstarted Sep 2023 |
| 5-year SIPs | 88 | 33% / 67% | -0.9 pp | -6.6 ppstarted Aug 2014 | +6.1 ppstarted Sep 2021 |
Against an index fund, and the cost of the Regular plan
- DSP Small Cap Fund beat a plain Nifty Smallcap 250 index fund in 57% of 49 rolling 3-year SIPs (median gap +1.2 pp a year) — DSP Small Cap Fund vs Nifty Smallcap 250 index fund.
- DSP Small Cap Fund: the Regular plan of the same 10-year SIP ended ₹1,76,758 below Direct.
- HDFC Small Cap Fund beat a plain Nifty Smallcap 250 index fund in 59% of 49 rolling 3-year SIPs (median gap +0.7 pp a year) — HDFC Small Cap Fund vs Nifty Smallcap 250 index fund.
- HDFC Small Cap Fund: the Regular plan of the same 10-year SIP ended ₹1,73,488 below Direct.
Questions
Which has given better SIP returns, DSP Small Cap Fund or HDFC Small Cap Fund?
Over the last 5 years a ₹10,000 monthly SIP (Direct plans) is worth ₹9.30 L in DSP Small Cap Fund (XIRR 18.1%) and ₹8.03 L in HDFC Small Cap Fund (XIRR 12.0%). Past returns don't tell you which will do better next.
Has DSP Small Cap Fund beaten HDFC Small Cap Fund consistently?
In 33% of 88 rolling 5-year SIPs started on the same dates (from Jul 2014), DSP Small Cap Fund ended ahead of HDFC Small Cap Fund (Direct plans). The median difference was -0.9 percentage points a year.
Where does this data come from?
Official daily NAVs published by AMFI. SIP instalments fall on the first business day of each month; both funds are compared on identical dates. Updated monthly.
Comparison on official AMFI NAVs, SIP on the first business day of each month, identical dates for both funds. It shows what happened, not which fund to buy — past performance does not indicate future returns. sipcalculatorhub.com is not a SEBI-registered investment adviser. Methodology.
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