UTI Small Cap Fund
Direct · GrowthAI Summary
UTI Small Cap Fund's SIP XIRR of 12.83% over 1Y and 19.66% over 3Y trails the category averages of 17.77% and 20.26% respectively, and the 5Y XIRR of 14.72% lags the category's 22.89% by a wide margin. Against the NIFTY SMALLCAP 250 benchmark, the fund has generated positive alpha over 3Y (0.899%) and 5Y (2.0349%), though 1Y alpha is negative at -1.0126%. Longer-term lump-sum CAGRs of 16.4% (7Y) and 11.22% (10Y) remain slightly below the benchmark's 17.04% and 11.65%.
The fund exhibits a defensive risk profile with a beta of 0.81-0.90 across periods and consistently lower downside capture (80.1% to 89.37%) than upside capture in most windows, indicating it falls less than the benchmark in corrections. Four drawdown events exceeding 10% and a 476-day recovery from maximum drawdown highlight the inherent volatility of the small cap segment. Calmar ratios between 0.81 and 0.94 suggest reasonable risk-adjusted returns relative to the drawdown experienced.
Portfolio composition details such as top holdings and sector allocation are not provided in the data, so concentration and diversification cannot be assessed from this dataset. Investors should review the latest factsheet for holdings-level exposure before investing. The fund's Direct Growth option with a 0.65% expense ratio is cost-efficient for the small cap category.
The fund underperforms category average SIP XIRR across all horizons, most notably at 5Y where 14.72% trails the 22.89% category average by over 8 percentage points. Its consistent sub-benchmark CAGRs over 7Y, 10Y, 12Y, and 15Y suggest it has been a persistent relative laggard rather than a cyclical underperformer. However, positive 3Y and 5Y alpha indicates some recent improvement in stock selection relative to the benchmark.
This fund suits investors with high risk tolerance and a horizon of at least 7-10 years, given the small cap category's volatility and the 476-day recovery time from maximum drawdown. It is appropriate as a satellite allocation within a diversified portfolio rather than a core holding, particularly for investors who prioritize downside protection, as its lower downside capture cushions corrections. Those seeking category-leading SIP returns may find better alternatives given the persistent gap versus category averages.
- Consistently lower downside capture than upside capture across all periods (e.g., 80.1% downside vs 82.66% upside at 7Y), offering better downside protection than the benchmark
- Positive alpha over 3Y (0.899%) and 5Y (2.0349%), indicating improving relative performance versus the NIFTY SMALLCAP 250
- Low 0.65% expense ratio in the Direct plan, keeping costs competitive for the small cap category
- SIP XIRR lags category averages across all horizons, with the 5Y figure of 14.72% trailing the category's 22.89% by over 8 percentage points
- Long-term lump-sum CAGRs trail the benchmark over 7Y, 10Y, 12Y, and 15Y, indicating persistent underperformance over extended periods
- Four drawdown events exceeding 10% and a 476-day recovery from maximum drawdown reflect the high volatility and long recovery cycles typical of small cap investing
Generated on 14-10-2026, 4:17 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.81 L | 19.3% | -25.5% | 70.0% |
| 3 Years | ₹36.00 L | ₹47.49 L | 19.8% | -0.1% | 35.5% |
| 5 Years | ₹60.00 L | ₹86.64 L | 14.9% | 8.8% | 20.0% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY SMALLCAP 250 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 19.3% | 21.9% | 17.8% | -2.7% |
| 3 Years | 19.8% | 15.2% | 20.2% | +4.6% |
| 5 Years | 14.9% | 14.3% | 22.9% | +0.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.8% | 13.9% | -7.8% | 64.7% | 0.74 | 3.64 | 89% | — | — |
| 3 Years | 21.0% | 20.3% | 12.0% | 32.0% | 3.43 | — | 100% | — | — |
| 5 Years | 17.9% | 17.5% | 13.2% | 22.6% | 5.35 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY SMALLCAP 250
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -0.45 | 0.90 | 89.4% | 89.3% | 1.6% | 1.6% |
| 3 Years | +1.09 | 0.85 | 85.8% | 84.3% | 12.0% | 11.7% |
| 5 Years | +2.02 | 0.82 | 83.8% | 81.1% | 13.2% | 12.2% |
| 7 Years | +1.36 | 0.81 | 82.7% | 80.1% | 16.1% | 16.7% |
| 10 Years | +0.56 | 0.81 | 82.7% | 80.1% | 11.0% | 11.4% |
| 12 Years | +0.25 | 0.81 | 82.7% | 80.1% | 9.1% | 9.4% |
| 15 Years | -0.06 | 0.81 | 82.7% | 80.1% | 7.2% | 7.5% |