Carnelian Small Cap Fund vs SBI SMALL CAP FUND
Carnelian Small Cap Fund and SBI SMALL CAP FUND are both Small Cap funds. As of 13 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +11.57%, 5-year CAGR — vs +11.99%, volatility — vs 17.85%, maximum drawdown — vs −40.26%.
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 | SBI SMALL CAP | |
|---|---|---|
| Fund house | Carnelian Mutual Fund | SBI Mutual Fund |
| Compared as | Small Cap | Small Cap |
| NAV | — | ₹210.1702 |
| NAV date | — | 13 Nov 2026 |
| Launched (first NAV) | — | 18 Nov 2013 |
| Track record | — | 13.0 yrs |
| Fund size (AUM) | — | ₹39,203 Cr |
| Securities held | — | 67 |
| Portfolio as of | Not disclosed yet | 31 Oct 2026 |
| Fund page | Full record → | Full record → |
Returns
| Carnelian Small Cap | SBI SMALL CAP | |
|---|---|---|
| 1 month | — | +1.69% |
| 3 months | — | −1.97% |
| 6 months | — | +10.48% |
| 1 year | — | +6.93% |
| 3 years (CAGR) | — | +11.57% |
| 5 years (CAGR) | — | +11.99% |
| 7 years (CAGR) | — | +20.22% |
| 10 years (CAGR) | — | +18.27% |
| Since launch (CAGR) | — | +23.84% |
| SIP return (XIRR, 5 years) ⓘ | — | +11.81% |
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 | SBI SMALL CAP | |
|---|---|---|
| 2026 (year to date) | — | +8.46% |
| 2025 | — | −4.08% |
| 2024 | — | +25.30% |
| 2023 | — | +26.62% |
| 2022 | — | +9.29% |
| 2021 | — | +49.11% |
Risk
| Carnelian Small Cap | SBI SMALL CAP | |
|---|---|---|
| Volatility (annualised) ⓘ | — | 17.85% |
| Downside volatility ⓘ | — | 11.58% |
| Sharpe ratio ⓘ | — | 0.28 |
| Sortino ratio ⓘ | — | 0.44 |
| Maximum drawdown ⓘ | — | −40.26% |
| Recovery from that fall | — | 8 months |
| Current fall from peak | — | −3.42% |
| Rolling 1-year return: worst | — | −24.41% |
| Rolling 1-year return: median | — | +19.29% |
| Rolling 1-year return: best | — | +127.97% |
| Share of 1-year periods with a loss | — | 16.55% |
Against each fund's benchmark
| Carnelian Small Cap | SBI SMALL CAP | |
|---|---|---|
| Beta ⓘ | — | 0.77 |
| Alpha (Jensen's, annualised) ⓘ | — | −2.21% |
| R² ⓘ | — | 89.56 |
| Upside capture | — | 76.77% |
| Downside capture | — | 79.82% |
| Tracking error | — | 7.62% |
| Information ratio | — | -0.51 |
| Treynor ratio | — | 4.88 |
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 | SBI SMALL CAP | |
|---|---|---|
| Equity | — | 83.88% |
| Cash & equivalents | — | 14.90% |
| Debt | — | 1.22% |
Market-cap split (share of fund assets)
| Carnelian Small Cap | SBI SMALL CAP | |
|---|---|---|
| Large Cap | — | 0.80% |
| Mid Cap | — | 2.18% |
| Small Cap | — | 80.70% |
| Unclassified | — | 0.20% |
Concentration
| Carnelian Small Cap | SBI SMALL CAP | |
|---|---|---|
| Top 10 holdings | — | 27.93% |
| Effective number of stocks ⓘ | — | 62.6 |
| Securities held | — | 67 |
Top 10 holdings
Carnelian Small Cap
Not disclosed yet.
SBI SMALL CAP
- Ather Energy Limited4.48%
- Navin Fluorine International Limited3.61%
- City Union Bank Limited2.86%
- Kalpataru Projects International Ltd2.70%
- Sundram Fasteners Ltd.2.64%
- Pine Labs Limited2.45%
- Anand Rathi Wealth Limited2.41%
- Belrise Industries Ltd.2.29%
- ZF Commercial Vehicle Control Systems India Limited2.25%
- Honeywell Automation India Limited2.24%
Sector exposure
| Carnelian Small Cap | SBI SMALL CAP | |
|---|---|---|
| Auto Components | — | 10.66% |
| Industrial Products | — | 9.41% |
| Chemicals & Petrochemicals | — | 7.82% |
| Consumer Durables | — | 7.47% |
| Finance | — | 5.02% |
| Automobiles | — | 4.48% |
| Construction | — | 4.15% |
| Banks | — | 3.69% |
| Retailing | — | 3.50% |
| Leisure Services | — | 3.27% |
| Food Products | — | 3.20% |
| Financial Technology (Fintech) | — | 2.45% |
| Capital Markets | — | 2.41% |
| Industrial Manufacturing | — | 2.24% |
Questions people ask
What is the difference between Carnelian Small Cap and SBI SMALL CAP returns?
As of 13 Nov 2026, Direct plan Growth option: 1-year return — vs +6.93%; 3-year CAGR — vs +11.57%; 5-year CAGR — vs +11.99%; 10-year CAGR — vs +18.27%. Past returns do not indicate future returns.
How do Carnelian Small Cap and SBI SMALL CAP compare on risk?
Volatility (36 monthly returns, annualised) — vs 17.85%; Sharpe ratio — vs 0.28; Sortino ratio — vs 0.44; maximum drawdown — vs −40.26%; beta — vs 0.77.
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.