Small Cap Fund · head to head · AMFI NAVs
ICICI Prudential Small Cap Fund vs Kotak Small Cap Fund: SIP returns compared
Same ₹10,000 monthly SIP, same dates, Direct plans: over the last 5 years ICICI Prudential Small Cap Fund is worth ₹8.11 L (XIRR 12.4%) and Kotak Small Cap Fund ₹7.97 L (XIRR 11.7%) — ICICI Prudential Small Cap Fund ahead by ₹14,003. Across every 5-year SIP since Jan 2013, ICICI Prudential Small Cap Fund finished ahead in 34 of 106 and Kotak Small Cap Fund in 72.
Historical simulation on actual NAVs — not a forecast and not investment advice. Disclaimer
ICICI Prudential Small Cap Fund: invested — over — instalments; valued at NAV of —:
| Year | Invested | ICICI Prudential 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 | ICICI Prudential Small Cap Fund | XIRR | Kotak Small Cap Fund | XIRR | Post-tax (both) |
|---|---|---|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1.26 L | 11.1% | ₹1.27 L | 13.5% | ₹1.25 L / ₹1.26 L |
| 3 years | ₹3,60,000 | ₹3.95 L | 6.5% | ₹3.95 L | 6.4% | ₹3.94 L / ₹3.93 L |
| 5 years | ₹6,00,000 | ₹8.11 L | 12.4% | ₹7.97 L | 11.7% | ₹8.00 L / ₹7.88 L |
| 10 years | ₹12,00,000 | ₹30.59 L | 18.1% | ₹31.12 L | 18.4% | ₹28.46 L / ₹28.91 L |
Every 5-year SIP, head to head
We started the same SIP in both funds in every month both have NAVs for — 106 SIPs, the first starting Jan 2013. ICICI Prudential Small Cap Fund finished ahead in 32% of them; the median gap was 1.9 percentage points a year in Kotak Small Cap Fund's favour.
Downside on the same dates: ICICI Prudential Small Cap Fund's worst 5-year SIP returned -10.1% a year (started Apr 2015) and 4 of 106 lost money; Kotak Small Cap Fund's worst returned -7.2% (started Apr 2015) and 3 lost money.
XIRR of every 5-year monthly SIP by the month it started. Gap = ICICI Prudential Small Cap Fund minus Kotak Small Cap Fund, percentage points a year.
| Window | SIPs compared | Ahead (ICICI / Kotak) | Median gap | Worst gap | Best gap |
|---|---|---|---|---|---|
| 3-year SIPs | 130 | 33% / 67% | -2.2 pp | -16.0 ppstarted Jun 2013 | +5.9 ppstarted Mar 2021 |
| 5-year SIPs | 106 | 32% / 68% | -1.9 pp | -8.4 ppstarted Jul 2013 | +2.9 ppstarted Feb 2021 |
Against an index fund, and the cost of the Regular plan
- ICICI Prudential Small Cap Fund beat a plain Nifty Smallcap 250 index fund in 35% of 49 rolling 3-year SIPs (median gap -1.7 pp a year) — ICICI Prudential Small Cap Fund vs Nifty Smallcap 250 index fund.
- ICICI Prudential Small Cap Fund: the Regular plan of the same 10-year SIP ended ₹2,15,271 below Direct.
- Kotak Small Cap Fund beat a plain Nifty Smallcap 250 index fund in 24% of 49 rolling 3-year SIPs (median gap -3.0 pp a year) — Kotak Small Cap Fund vs Nifty Smallcap 250 index fund.
- Kotak Small Cap Fund: the Regular plan of the same 10-year SIP ended ₹2,41,230 below Direct.
Questions
Which has given better SIP returns, ICICI Prudential Small Cap Fund or Kotak Small Cap Fund?
Over the last 5 years a ₹10,000 monthly SIP (Direct plans) is worth ₹8.11 L in ICICI Prudential Small Cap Fund (XIRR 12.4%) and ₹7.97 L in Kotak Small Cap Fund (XIRR 11.7%). Past returns don't tell you which will do better next.
Has ICICI Prudential Small Cap Fund beaten Kotak Small Cap Fund consistently?
In 32% of 106 rolling 5-year SIPs started on the same dates (from Jan 2013), ICICI Prudential Small Cap Fund ended ahead of Kotak Small Cap Fund (Direct plans). The median difference was -1.9 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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