ITI Small Cap Fund Direct Growth

Fund Overview

Fund Size

₹3,603 Cr

Expense Ratio

0.85%

ISIN

INF00XX01747

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

17 Feb 2020

About this fund

ITI Small Cap Fund Direct Growth is a Small-Cap mutual fund schemes offered by ITI Mutual Fund. This fund has been in existence for 6 years, 7 months and 4 days, having been launched on 17-Feb-20.
As of 18-Sep-26, it has a Net Asset Value (NAV) of ₹38.83, Assets Under Management (AUM) of 3602.85 Crores, and an expense ratio of 0.85%.

ITI Small Cap Fund Direct Growth has given a CAGR return of 22.88% since inception.
The fund's asset allocation comprises around 98.12% in equities, 0.14% in debts, and 1.74% in cash & cash equivalents.
You can start investing in ITI Small Cap Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+20.39%

+8.80% (Cat Avg.)

3 Years

+25.19%

+14.87% (Cat Avg.)

5 Years

+19.51%

+15.61% (Cat Avg.)

Since Inception

+22.88%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2026

Equity	₹3,535.16 Cr	98.12%
Debt	₹5.17 Cr	0.14%
Others	₹62.53 Cr	1.74%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Acutaas Chemicals Ltd	Equity	₹125.35 Cr	3.48%
Welspun Corp Ltd	Equity	₹93.34 Cr	2.59%
Laurus Labs Ltd	Equity	₹86.93 Cr	2.41%
Cash Offset For Derivatives	Cash - General Offset	₹-78.91 Cr	2.19%
Karur Vysya Bank Ltd	Equity	₹75.6 Cr	2.10%
Treps 01-Sep-2026	Cash - Repurchase Agreement	₹69.6 Cr	1.93%
VA Tech Wabag Ltd	Equity	₹69.56 Cr	1.93%
Net Receivables / (Payables)	Cash	₹67.77 Cr	1.88%
CarTrade Tech Ltd	Equity	₹67.67 Cr	1.88%
Multi Commodity Exchange of India Ltd	Equity	₹67.46 Cr	1.87%
Radico Khaitan Ltd	Equity	₹65.14 Cr	1.81%
Neuland Laboratories Ltd	Equity	₹61.92 Cr	1.72%
Apar Industries Ltd	Equity	₹61.65 Cr	1.71%
Navin Fluorine International Ltd	Equity	₹59.08 Cr	1.64%
GNG Electronics Ltd	Equity	₹57.86 Cr	1.61%
Wockhardt Ltd	Equity	₹57.5 Cr	1.60%
Arvind Ltd	Equity	₹56.73 Cr	1.57%
Kirloskar Oil Engines Ltd	Equity	₹56.56 Cr	1.57%
Sai Life Sciences Ltd	Equity	₹56.33 Cr	1.56%
Sona BLW Precision Forgings Ltd	Equity	₹54.72 Cr	1.52%
Ather Energy Ltd	Equity	₹54.69 Cr	1.52%
Tenneco Clean Air India Ltd	Equity	₹54.66 Cr	1.52%
PTC Industries Ltd	Equity	₹53.99 Cr	1.50%
ZF Commercial Vehicle Control Systems India Ltd	Equity	₹53.25 Cr	1.48%
Aster DM Quality Care Ltd Ordinary Shares	Equity	₹53.11 Cr	1.47%
Shaily Engineering Plastics Ltd	Equity	₹52.13 Cr	1.45%
Solar Industries India Ltd	Equity	₹50.99 Cr	1.42%
Quality Power Electrical Equipments Ltd	Equity	₹46.76 Cr	1.30%
TD Power Systems Ltd	Equity	₹46.45 Cr	1.29%
Jyoti CNC Automation Ltd	Equity	₹46.19 Cr	1.28%
Craftsman Automation Ltd	Equity	₹45.81 Cr	1.27%
Torrent Pharmaceuticals Ltd	Equity	₹44.59 Cr	1.24%
Hindustan Copper Ltd	Equity	₹44.12 Cr	1.22%
Gabriel India Ltd	Equity	₹43.66 Cr	1.21%
The Federal Bank Ltd	Equity	₹43.04 Cr	1.19%
One97 Communications Ltd	Equity	₹41.66 Cr	1.16%
Amber Enterprises India Ltd Ordinary Shares	Equity	₹41.65 Cr	1.16%
BSE Ltd	Equity	₹41.45 Cr	1.15%
Thermax Ltd	Equity	₹41.06 Cr	1.14%
Sedemac Mechatronics Ltd	Equity	₹40.96 Cr	1.14%
Hitachi Energy India Ltd Ordinary Shares	Equity	₹40.91 Cr	1.14%
RBL Bank Ltd	Equity	₹40.5 Cr	1.12%
Sumitomo Chemical India Ltd Ordinary Shares	Equity	₹40 Cr	1.11%
Eternal Ltd	Equity	₹39.92 Cr	1.11%
Smartworks Coworking Spaces Ltd	Equity	₹39.37 Cr	1.09%
Aditya Birla Capital Ltd	Equity	₹39.3 Cr	1.09%
INOX India Ltd	Equity	₹38.68 Cr	1.07%
Urban Co Ltd	Equity	₹38.18 Cr	1.06%
Dixon Technologies (India) Ltd	Equity	₹37.98 Cr	1.05%
Affle 3i Ltd	Equity	₹37.86 Cr	1.05%
City Union Bank Ltd	Equity	₹37.52 Cr	1.04%
Godfrey Phillips India Ltd	Equity	₹37.26 Cr	1.03%
Ujjivan Small Finance Bank Ltd Ordinary Shares	Equity	₹35.89 Cr	1.00%
PB Fintech Ltd	Equity	₹35.68 Cr	0.99%
KSB Ltd	Equity	₹35.32 Cr	0.98%
Krishna Institute of Medical Sciences Ltd	Equity	₹35.31 Cr	0.98%
Anant Raj Ltd	Equity	₹35.28 Cr	0.98%
Manappuram Finance Ltd	Equity	₹35.13 Cr	0.98%
Kajaria Ceramics Ltd	Equity	₹34.92 Cr	0.97%
Inventurus Knowledge Solutions Ltd	Equity	₹34.19 Cr	0.95%
Ingersoll-Rand (India) Ltd	Equity	₹33.92 Cr	0.94%
KFin Technologies Ltd	Equity	₹32.95 Cr	0.91%
Titagarh Rail Systems Ltd	Equity	₹32.9 Cr	0.91%
Vedanta Aluminium Metal Ltd	Equity	₹31.83 Cr	0.88%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹31.82 Cr	0.88%
Cemindia Projects Ltd	Equity	₹31.49 Cr	0.87%
Shiprocket Ltd	Equity	₹31.35 Cr	0.87%
Paradeep Phosphates Ltd	Equity	₹31.06 Cr	0.86%
Shadowfax Technologies Ltd	Equity	₹30.66 Cr	0.85%
The Shipping Corp of India Ltd	Equity	₹30.11 Cr	0.84%
Graphite India Ltd	Equity	₹28.71 Cr	0.80%
Leap India Ltd	Equity	₹28.58 Cr	0.79%
JK Cement Ltd	Equity	₹28.01 Cr	0.78%
Mazagon Dock Shipbuilders Ltd	Equity	₹27.77 Cr	0.77%
Blue Star Ltd	Equity	₹27.1 Cr	0.75%
Reliance Industries Ltd	Equity	₹25.86 Cr	0.72%
Home First Finance Co India Ltd	Equity	₹25.43 Cr	0.71%
Billionbrains Garage Ventures Ltd	Equity	₹24.6 Cr	0.68%
Cholamandalam Financial Holdings Ltd	Equity	₹24.56 Cr	0.68%
Borosil Renewables Ltd Ordinary Shares	Equity	₹23.85 Cr	0.66%
Bharat Dynamics Ltd Ordinary Shares	Equity	₹23.66 Cr	0.66%
Bandhan Bank Ltd	Equity	₹18.93 Cr	0.53%
Aditya Birla Real Estate Ltd	Equity	₹15.25 Cr	0.42%
Dhoot Transmission Ltd	Equity	₹11.79 Cr	0.33%
Birla Corp Ltd	Equity	₹11.22 Cr	0.31%
DCB Bank Ltd	Equity	₹7.9 Cr	0.22%
ITI Dynamic Term Dir Gr	Mutual Fund - Open End	₹5.26 Cr	0.15%
ITI Banking & PSU Dir Gr	Mutual Fund - Open End	₹3.96 Cr	0.11%
Shakti Pumps (India) Ltd	Equity	₹0.98 Cr	0.03%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Industrials	₹867.97 Cr	24.09%
Financial Services	₹584.81 Cr	16.23%
Basic Materials	₹567.12 Cr	15.74%
Consumer Cyclical	₹565.52 Cr	15.70%
Healthcare	₹429.89 Cr	11.93%
Technology	₹263.83 Cr	7.32%
Consumer Defensive	₹102.39 Cr	2.84%
Real Estate	₹89.89 Cr	2.50%
Communication Services	₹37.86 Cr	1.05%
Energy	₹25.86 Cr	0.72%

Risk & Performance Ratios

Fund Managers

Dhimant Shah

Since August 2022

Alok Ranjan

Since May 2026

Additional Scheme Detailsas of 31st August 2026

ISIN

INF00XX01747

Expense Ratio

0.85%

Exit Load

No Charges

Fund Size

₹3,603 Cr

Age

6 years 7 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Smallcap 250 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Small-Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
ICICI Prudential Nifty Smallcap 250 ETF Very High Risk	4.6%	-	₹9.15 Cr	-
SBI Nifty Smallcap 250 ETF Very High Risk	1.4%	-	₹8.42 Cr	-
The Wealth Company Small Cap Fund Regular Growth Very High Risk	4.2%	1.0%	₹129.23 Cr	-
The Wealth Company Small Cap Fund Direct Growth Very High Risk	2.3%	1.0%	₹129.23 Cr	-
Abakkus Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2794.20 Cr	-
Abakkus Small Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹2794.20 Cr	-
Groww Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹764.03 Cr	-
Groww Small Cap Fund Regular Growth Very High Risk	2.7%	1.0%	₹764.03 Cr	-
DSP Nifty Smallcap 250 ETF Very High Risk	0.7%	-	₹8.39 Cr	-
Helios Small Cap Fund Regular Growth Very High Risk	2.5%	1.0%	₹1736.52 Cr	-
Helios Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1736.52 Cr	-
Mirae Asset Nifty Smallcap 250 ETF Very High Risk	0.1%	-	₹83.59 Cr	-
Samco Small Cap Fund Direct Growth Very High Risk	2.0%	1.0%	₹196.45 Cr	-
Samco Small Cap Fund Regular Growth Very High Risk	3.5%	1.0%	₹196.45 Cr	-
Groww Nifty Smallcap 250 ETF Very High Risk	0.4%	-	₹17.49 Cr	-
Zerodha Nifty Smallcap 100 ETF Very High Risk	0.2%	-	₹100.80 Cr	8.6%
Bajaj Finserv Small Cap Fund Direct Growth Very High Risk	1.0%	0.0%	₹2646.91 Cr	15.8%
Bajaj Finserv Small Cap Fund Regular Growth Very High Risk	2.4%	0.0%	₹2646.91 Cr	14.0%
Mirae Asset Small Cap Fund Regular Growth Very High Risk	1.6%	1.0%	₹5717.05 Cr	8.0%
Mirae Asset Small Cap Fund Direct Growth Very High Risk	0.3%	1.0%	₹5717.05 Cr	9.7%
TrustMF Small Cap Fund Direct Growth Very High Risk	1.6%	1.0%	₹3438.90 Cr	30.0%
TrustMF Small Cap Fund Regular Growth Very High Risk	2.9%	1.0%	₹3438.90 Cr	27.9%
JM Small Cap Fund Regular Growth Very High Risk	2.5%	1.0%	₹929.50 Cr	14.4%
JM Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹929.50 Cr	16.3%
Motilal Oswal Nifty Smallcap 250 ETF Very High Risk	0.5%	-	₹253.42 Cr	4.8%
Motilal Oswal Small Cap Fund Regular Growth Very High Risk	2.0%	1.0%	₹8150.20 Cr	19.7%
Motilal Oswal Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹8150.20 Cr	21.0%
Quantum Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹265.27 Cr	9.2%
Quantum Small Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹265.27 Cr	7.7%
Baroda BNP Paribas Small Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹1309.22 Cr	8.2%
Baroda BNP Paribas Small Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹1309.22 Cr	6.8%
Sundaram Emerging Small Cap - Series VI Regular Growth Low Risk	1.3%	0.0%	₹45.47 Cr	7.2%
Sundaram Emerging Small Cap - Series VI Direct Growth Low Risk	0.8%	0.0%	₹45.47 Cr	7.8%
Sundaram Emerging Small Cap - Series VII Regular Growth Low Risk	1.4%	0.0%	₹159.75 Cr	10.9%
Sundaram Emerging Small Cap - Series VII Direct Growth Low Risk	1.0%	0.0%	₹159.75 Cr	11.3%
Sundaram Emerging Small Cap - Series V Regular Growth Low Risk	1.3%	0.0%	₹83.88 Cr	6.9%
Sundaram Emerging Small Cap - Series V Direct Growth Low Risk	0.8%	0.0%	₹83.88 Cr	7.5%
Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct Growth Very High Risk	0.8%	0.0%	₹37.07 Cr	6.5%
Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Regular Growth Very High Risk	1.0%	0.0%	₹37.07 Cr	6.2%
Union Small Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹2667.47 Cr	19.9%
Union Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹2667.47 Cr	21.3%
HDFC Small Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹41890.86 Cr	-2.6%
Kotak Small Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹19678.75 Cr	5.8%
ICICI Prudential Smallcap Fund Direct Growth Very High Risk	1.2%	1.0%	₹9820.61 Cr	2.2%
Nippon India Small Cap Fund Direct Growth Very High Risk	0.7%	1.0%	₹82580.31 Cr	8.3%
Nippon India Small Cap Fund Regular Growth Very High Risk	1.4%	1.0%	₹82580.31 Cr	7.5%
Invesco India Smallcap Fund Direct Growth Very High Risk	0.4%	1.0%	₹15744.40 Cr	14.2%
Invesco India Smallcap Fund Regular Growth Very High Risk	1.4%	1.0%	₹15744.40 Cr	12.8%
ICICI Prudential Smallcap Fund Regular Growth Very High Risk	2.1%	1.0%	₹9820.61 Cr	1.2%
ITI Small Cap Fund Regular Growth Very High Risk	2.2%	0.0%	₹3602.85 Cr	18.6%

About the AMC

ITI Mutual Fund

022-66214999

https://www.itimf.com/

Total AUM

₹12,598 Cr

Address

Mumbai, 400013

Other Funds by ITI Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
ITI Multi Asset Allocation Fund Direct Growth Very High Risk	-	0.0%	-	-
ITI Business Cycle Fund Direct Growth Very High Risk	1.8%	0.0%	₹116.38 Cr	-
Diviniti Equity Long Short Fund Direct Growth High Risk	3.0%	0.0%	₹316.81 Cr	-
ITI Bharat Consumption Fund Direct Growth Very High Risk	1.0%	0.0%	₹370.31 Cr	0.5%
ITI Large & Mid Cap Fund Direct Growth Very High Risk	1.0%	0.0%	₹728.59 Cr	4.9%
ITI Focused Equity Fund Direct Growth Very High Risk	0.9%	0.0%	₹628.60 Cr	6.8%
ITI Liquid Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹52.01 Cr	6.2%
ITI Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹165.44 Cr	6.5%
ITI Multi Cap Fund Direct Growth Very High Risk	0.8%	0.0%	₹1542.80 Cr	11.0%
ITI Value Fund Direct Growth Very High Risk	1.6%	0.0%	₹363.96 Cr	3.6%
ITI Conservative Hybrid Fund Direct Growth Moderate Risk	0.2%	0.0%	₹14.80 Cr	8.9%
ITI Dynamic Bond Fund Direct Growth Moderate Risk	0.3%	0.0%	₹25.60 Cr	3.1%
ITI Balanced Advantage Fund Direct Growth Very High Risk	1.6%	0.0%	₹348.34 Cr	-0.4%
ITI Small Cap Fund Direct Growth Very High Risk	0.8%	0.0%	₹3602.85 Cr	20.4%
ITI Large Cap Fund Direct Growth Very High Risk	1.0%	0.0%	₹363.97 Cr	-0.2%
ITI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹33.69 Cr	5.0%
ITI Banking and Financial Services Fund Direct Growth Very High Risk	1.2%	0.0%	₹388.18 Cr	7.0%
ITI Arbitrage Fund Direct Growth Low Risk	1.1%	0.0%	₹62.99 Cr	7.0%
ITI Overnight Fund Direct Growth Low Risk	0.2%	0.0%	₹14.41 Cr	5.0%
ITI Mid Cap Fund Direct Growth Very High Risk	1.0%	0.0%	₹1539.20 Cr	10.3%
ITI Long Term Equity Fund Direct Growth Very High Risk	0.9%	0.0%	₹462.87 Cr	3.3%
ITI Pharma and Healthcare Fund Direct Growth Very High Risk	1.0%	0.0%	₹276.23 Cr	12.4%
ITI Flexi Cap Fund Direct Growth Very High Risk	1.0%	0.0%	₹1588.13 Cr	10.8%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of ITI Small Cap Fund Direct Growth?

The NAV of ITI Small Cap Fund Direct Growth, as of 18-Sep-2026, is ₹38.83.

What are the returns of ITI Small Cap Fund Direct Growth?

The fund has generated 20.39% over the last 1 year and 25.19% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of ITI Small Cap Fund Direct Growth?

The fund's allocation of assets is distributed as 98.12% in equities, 0.14% in bonds, and 1.74% in cash and cash equivalents.

Who manages the ITI Small Cap Fund Direct Growth?

The fund managers responsible for ITI Small Cap Fund Direct Growth are:-

Dhimant Shah
Alok Ranjan

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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ITI Small Cap Fund Direct Growth

Fund Overview