Kotak Small Cap Fund
Small Cap fund from Kotak Mahindra Mutual Fund. Direct and regular Growth plans: returns over 1, 3 and 5 years, against the Nifty Smallcap 250, its rank among small cap funds and what a ₹10,000 SIP became.
As of 30 Sep 2026, Kotak Small Cap Fund (direct plan, Growth) has returned 12.5% a year over 5 years, 12.2% over 3 years and 17.2% over 10 years. That ranks 21 of 21 small cap funds over 5 years. The Nifty Smallcap 250 index returned 13.9% over the same 5 years, so the fund trailed it by 1.4 points a year. A ₹10,000 monthly SIP for 5 years (₹6,00,000) was worth ₹8,19,263, an XIRR of 12.4%. Expense ratio: 0.65% a year for the direct plan and 1.73% for the regular plan. Latest NAV ₹305.71 (29 Oct 2026).
Kotak Small Cap Fund returns
| Plan | 1 year | 3 years | 5 years | 10 years | vs index, 5y | Beat the index (rolling 3y) |
|---|---|---|---|---|---|---|
| Direct | 7.9% | 12.2% | 12.5% | 17.2% | -1.4% | 15 of 50 |
| Regular | 6.7% | 10.9% | 11.1% | 15.7% | -2.8% | 13 of 50 |
To 30 Sep 2026. The rolling column counts every 3-year stretch in the stored history and how many of them the fund beat the Nifty Smallcap 250 index in. Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund.
Against the index
| Period | Fund | Nifty Smallcap 250 | Nifty 50 |
|---|---|---|---|
| 1 year | 7.9% | 6.7% | -7.3% |
| 3 years | 12.2% | 13.5% | 5.8% |
| 5 years | 12.5% | 13.9% | 6.1% |
| 10 years | 17.2% | — | 11.2% |
Calendar-year returns
| Year | Direct | Regular |
|---|---|---|
| 2025 | -8.0% | -9.1% |
| 2024 | 27.0% | 25.5% |
| 2023 | 36.5% | 34.8% |
| 2022 | -1.7% | -3.1% |
| 2021 | 73.5% | 70.9% |
| 2020 | 36.1% | 34.2% |
| 2019 | 6.5% | 5.0% |
| 2018 | -16.3% | -17.3% |
| 2017 | 46.2% | 44.0% |
| 2016 | 10.6% | 8.9% |
What a ₹10,000 SIP in Kotak Small Cap Fund became
| Plan | SIP for | Invested | Value at 30 Sep 2026 | XIRR |
|---|---|---|---|---|
| Direct | 3 years | ₹3,60,000 | ₹4,05,398 | 7.8% |
| Direct | 5 years | ₹6,00,000 | ₹8,19,263 | 12.4% |
| Regular | 3 years | ₹3,60,000 | ₹3,98,235 | 6.7% |
| Regular | 5 years | ₹6,00,000 | ₹7,92,679 | 11.1% |
A ₹10,000 SIP at each month-end NAV, valued at the latest month-end. Try your own amount and dates with the SIP calculator.
Expense ratio
0.65% a year for the direct plan and 1.73% for the regular plan, as disclosed for 30 Sep 2026 (AMFI's TER disclosure). It is taken out of the fund every day, so the returns above are already after it. On ₹10 lakh growing at 12% a year for 10 years, a 1.73% expense ratio instead of 0.65% costs ₹2,73,077. Try your own numbers with the expense ratio calculator.
Direct vs regular plan
The regular plan returned 1.37 points a year less than the direct plan over 5 years: on ₹10 lakh invested 5 years ago, that is ₹1,06,905 less today. The difference is the distributor's commission and the higher expense ratio. See it for your amount with the direct vs regular calculator.
Where it ranks among small cap funds
| Rank | Fund | 5-year return (direct) |
|---|---|---|
| 1 | Bank Of India Small Cap Fund | 20.2% |
| 2 | Bandhan Small Cap Fund | 19.5% |
| 3 | Invesco India Small Cap Fund | 19.4% |
| 4 | Quant Small Cap Fund | 18.8% |
| 5 | ITI Small Cap Fund | 18.4% |
| 21 | Kotak Small Cap Fund | 12.5% |
Ranked by 5-year return among the 21 small cap funds with that much history. All small cap funds.
Key takeaways
Frequently asked questions
What is the NAV of Kotak Small Cap Fund?
₹305.71 for the direct plan (Growth) on 29 Oct 2026, from AMFI.
What are Kotak Small Cap Fund's 5-year returns?
12.5% a year (direct plan, to 30 Sep 2026).
Has Kotak Small Cap Fund beaten its index?
Over 5 years it returned 12.5% a year against 13.9% for the Nifty Smallcap 250.
What is the expense ratio of Kotak Small Cap Fund?
0.65% a year for the direct plan and 1.73% for the regular plan (AMFI disclosure for 30 Sep 2026).
What did a SIP in Kotak Small Cap Fund return?
₹10,000 a month for 5 years became ₹8,19,263, an XIRR of 12.4%.