Small Cap Fund · head to head · AMFI NAVs
Kotak Small Cap Fund vs Tata Small Cap Fund: SIP returns compared
Same ₹10,000 monthly SIP, same dates, Direct plans: over the last 5 years Kotak Small Cap Fund is worth ₹7.97 L (XIRR 11.7%) and Tata Small Cap Fund ₹8.20 L (XIRR 12.9%) — Tata Small Cap Fund ahead by ₹22,703. Across every 3-year SIP since Dec 2018, Kotak Small Cap Fund finished ahead in 21 of 59 and Tata Small Cap Fund in 38.
Historical simulation on actual NAVs — not a forecast and not investment advice. Disclaimer
Kotak Small Cap Fund: invested — over — instalments; valued at NAV of —:
| Year | Invested | Kotak 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 | Kotak Small Cap Fund | XIRR | Tata Small Cap Fund | XIRR | Post-tax (both) |
|---|---|---|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1.27 L | 13.5% | ₹1.29 L | 17.8% | ₹1.26 L / ₹1.28 L |
| 3 years | ₹3,60,000 | ₹3.95 L | 6.4% | ₹3.89 L | 5.4% | ₹3.93 L / ₹3.87 L |
| 5 years | ₹6,00,000 | ₹7.97 L | 11.7% | ₹8.20 L | 12.9% | ₹7.88 L / ₹8.08 L |
Every 3-year SIP, head to head
We started the same SIP in both funds in every month both have NAVs for — 59 SIPs, the first starting Dec 2018. Kotak Small Cap Fund finished ahead in 36% of them; the median gap was 3.7 percentage points a year in Tata Small Cap Fund's favour.
Downside on the same dates: Kotak Small Cap Fund's worst 3-year SIP returned -0.5% a year (started Apr 2023) and 1 of 59 lost money; Tata Small Cap Fund's worst returned -4.0% (started Apr 2023) and 1 lost money.
XIRR of every 3-year monthly SIP by the month it started. Gap = Kotak Small Cap Fund minus Tata Small Cap Fund, percentage points a year.
| Window | SIPs compared | Ahead (Kotak / Tata) | Median gap | Worst gap | Best gap |
|---|---|---|---|---|---|
| 3-year SIPs | 59 | 36% / 64% | -3.7 pp | -8.6 ppstarted May 2021 | +8.9 ppstarted Apr 2019 |
| 5-year SIPs | 35 | 6% / 94% | -2.9 pp | -5.3 ppstarted Nov 2019 | +0.2 ppstarted May 2021 |
Against an index fund, and the cost of the Regular plan
- 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.
- Tata Small Cap Fund beat a plain Nifty Smallcap 250 index fund in 53% of 49 rolling 3-year SIPs (median gap +0.5 pp a year) — Tata Small Cap Fund vs Nifty Smallcap 250 index fund.
- Tata Small Cap Fund: the Regular plan of the same 5-year SIP ended ₹31,912 below Direct.
Questions
Which has given better SIP returns, Kotak Small Cap Fund or Tata Small Cap Fund?
Over the last 5 years a ₹10,000 monthly SIP (Direct plans) is worth ₹7.97 L in Kotak Small Cap Fund (XIRR 11.7%) and ₹8.20 L in Tata Small Cap Fund (XIRR 12.9%). Past returns don't tell you which will do better next.
Has Kotak Small Cap Fund beaten Tata Small Cap Fund consistently?
In 36% of 59 rolling 3-year SIPs started on the same dates (from Dec 2018), Kotak Small Cap Fund ended ahead of Tata Small Cap Fund (Direct plans). The median difference was -3.7 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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