Carnelian Small Cap Fund vs Kotak Small Cap Fund
Carnelian Small Cap Fund and Kotak Small Cap Fund are both Small Cap funds. As of 13 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +11.67%, 5-year CAGR — vs +10.90%, volatility — vs 19.66%, maximum drawdown — vs −40.61%.
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Carnelian Small Cap | Kotak Small Cap | |
|---|---|---|
| Fund house | Carnelian Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Small Cap | Small Cap |
| NAV | — | ₹320.4990 |
| NAV date | — | 13 Nov 2026 |
| Launched (first NAV) | — | 2 Jan 2013 |
| Track record | — | 13.9 yrs |
| Fund size (AUM) | — | ₹17,903 Cr |
| Securities held | — | 79 |
| Portfolio as of | Not disclosed yet | 31 Oct 2026 |
| Fund page | Full record → | Full record → |
Returns
| Carnelian Small Cap | Kotak Small Cap | |
|---|---|---|
| 1 month | — | +0.93% |
| 3 months | — | −2.33% |
| 6 months | — | +6.58% |
| 1 year | — | +5.88% |
| 3 years (CAGR) | — | +11.67% |
| 5 years (CAGR) | — | +10.90% |
| 7 years (CAGR) | — | +22.46% |
| 10 years (CAGR) | — | +17.42% |
| Since launch (CAGR) | — | +18.49% |
| SIP return (XIRR, 5 years) ⓘ | — | +11.64% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Carnelian Small Cap | Kotak Small Cap | |
|---|---|---|
| 2026 (year to date) | — | +8.81% |
| 2025 | — | −8.05% |
| 2024 | — | +26.96% |
| 2023 | — | +36.51% |
| 2022 | — | −1.72% |
| 2021 | — | +73.47% |
Risk
| Carnelian Small Cap | Kotak Small Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | — | 19.66% |
| Downside volatility ⓘ | — | 13.38% |
| Sharpe ratio ⓘ | — | 0.26 |
| Sortino ratio ⓘ | — | 0.39 |
| Maximum drawdown ⓘ | — | −40.61% |
| Recovery from that fall | — | 7 months |
| Current fall from peak | — | −5.10% |
| Rolling 1-year return: worst | — | −28.18% |
| Rolling 1-year return: median | — | +16.57% |
| Rolling 1-year return: best | — | +144.34% |
| Share of 1-year periods with a loss | — | 21.54% |
Against each fund's benchmark
| Carnelian Small Cap | Kotak Small Cap | |
|---|---|---|
| Beta ⓘ | — | 0.86 |
| Alpha (Jensen's, annualised) ⓘ | — | −2.14% |
| R² ⓘ | — | 89.37 |
| Upside capture | — | 85.26% |
| Downside capture | — | 90.50% |
| Tracking error | — | 7.18% |
| Information ratio | — | -0.47 |
| Treynor ratio | — | 4.99 |
Portfolio
Carnelian Small Cap Fund has no usable portfolio disclosure on file yet, so portfolio comparisons are shown only where available.
Asset mix
| Carnelian Small Cap | Kotak Small Cap | |
|---|---|---|
| Equity | — | 98.58% |
| Cash & equivalents | — | 1.42% |
Market-cap split (share of fund assets)
| Carnelian Small Cap | Kotak Small Cap | |
|---|---|---|
| Large Cap | — | 6.82% |
| Mid Cap | — | 15.72% |
| Small Cap | — | 73.66% |
| Unclassified | — | 2.38% |
Concentration
| Carnelian Small Cap | Kotak Small Cap | |
|---|---|---|
| Top 10 holdings | — | 29.86% |
| Effective number of stocks ⓘ | — | 55.1 |
| Securities held | — | 79 |
Top 10 holdings
Carnelian Small Cap
Not disclosed yet.
Kotak Small Cap
- Sansera Engineering Limited4.67%
- Vijaya Diagnostic Centre Limited4.40%
- Aster DM Quality Care Limited4.25%
- Krishna Institute Of Medical Sciences Limited3.31%
- Kalpataru Projects International Ltd2.67%
- Minda Corporation Limited2.33%
- Ajanta Pharma Ltd.2.13%
- Century Plyboards (India) Limited2.07%
- ICICI Bank Limited2.06%
- Garware Technical Fibres Ltd.1.97%
Sector exposure
| Carnelian Small Cap | Kotak Small Cap | |
|---|---|---|
| Healthcare Services | — | 14.54% |
| Auto Components | — | 9.54% |
| Consumer Durables | — | 9.00% |
| Industrial Products | — | 6.33% |
| Retailing | — | 6.14% |
| Banks | — | 5.87% |
| Finance | — | 5.46% |
| Pharmaceuticals & Biotechnology | — | 5.38% |
| Construction | — | 4.93% |
| Industrial Manufacturing | — | 3.37% |
| Realty | — | 3.34% |
| Capital Markets | — | 3.26% |
| IT - Services | — | 3.01% |
| Textiles & Apparels | — | 2.19% |
Questions people ask
What is the difference between Carnelian Small Cap and Kotak Small Cap returns?
As of 13 Nov 2026, Direct plan Growth option: 1-year return — vs +5.88%; 3-year CAGR — vs +11.67%; 5-year CAGR — vs +10.90%; 10-year CAGR — vs +17.42%. Past returns do not indicate future returns.
How do Carnelian Small Cap and Kotak Small Cap compare on risk?
Volatility (36 monthly returns, annualised) — vs 19.66%; Sharpe ratio — vs 0.26; Sortino ratio — vs 0.39; maximum drawdown — vs −40.61%; beta — vs 0.86.
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Carnelian Small Cap vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 13 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.