ICICI Prudential Nifty Smallcap 250 Index Fund vs Motilal Oswal Nifty Smallcap 250 Index Fund
ICICI Prudential Nifty Smallcap 250 Index Fund and Motilal Oswal Nifty Smallcap 250 Index Fund are both Nifty Smallcap 250 Index Funds & ETFs. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +12.57% vs +12.88%, 5-year CAGR +12.42% vs +13.10%, volatility 21.62% vs 21.68%, maximum drawdown −26.89% vs −42.44%. Their portfolios overlap by 97.5% (251 stocks held by both).
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
| ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index | |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Motilal Oswal Mutual Fund |
| Compared as | Nifty Smallcap 250 Index Funds & ETFs | Nifty Smallcap 250 Index Funds & ETFs |
| NAV | ₹17.9794 | ₹39.3123 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 3 Nov 2021 | 11 Sep 2019 |
| Track record | 5.0 yrs | 7.2 yrs |
| Fund size (AUM) | ₹785 Cr | ₹1,243 Cr |
| Securities held | 251 | 251 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index | |
|---|---|---|
| 1 month | −2.02% | −2.01% |
| 3 months | −4.61% | −4.43% |
| 6 months | +0.74% | +0.95% |
| 1 year | +1.17% | +1.42% |
| 3 years (CAGR) | +12.57% | +12.88% |
| 5 years (CAGR) | +12.42% | +13.10% |
| 7 years (CAGR) | — | +20.56% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +12.42% | +20.75% |
| SIP return (XIRR, 5 years) ⓘ | +12.62% | +12.91% |
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
| ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index | |
|---|---|---|
| 2026 (year to date) | +5.01% | +5.27% |
| 2025 | −5.98% | −5.63% |
| 2024 | +26.23% | +26.46% |
| 2023 | +47.97% | +48.32% |
| 2022 | −3.19% | −3.42% |
| 2021 | — | +61.24% |
Risk
| ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index | |
|---|---|---|
| Volatility (annualised) ⓘ | 21.62% | 21.68% |
| Downside volatility ⓘ | 14.11% | 14.10% |
| Sharpe ratio ⓘ | 0.28 | 0.30 |
| Sortino ratio ⓘ | 0.43 | 0.45 |
| Maximum drawdown ⓘ | −26.89% | −42.44% |
| Recovery from that fall | 12 months | 8 months |
| Current fall from peak | −5.99% | −5.39% |
| Rolling 1-year return: worst | −12.34% | −12.01% |
| Rolling 1-year return: median | +7.27% | +15.78% |
| Rolling 1-year return: best | +70.55% | +131.56% |
| Share of 1-year periods with a loss | 28.14% | 22.00% |
Against each fund's benchmark
| ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index | |
|---|---|---|
| Beta ⓘ | 1.19 | 1.19 |
| Alpha (Jensen's, annualised) ⓘ | +3.68% | +3.95% |
| R² ⓘ | 62.83 | 63.02 |
| Upside capture | 131.58% | 132.50% |
| Downside capture | 123.01% | 122.63% |
| Tracking error | 13.80% | 13.82% |
| Information ratio | 0.23 | 0.25 |
| Treynor ratio | 4.32 | 4.55 |
Portfolio
Asset mix
| ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index | |
|---|---|---|
| Equity | 96.58% | 98.85% |
| REITs / InvITs | 2.55% | 1.29% |
| Cash & equivalents | 0.89% | -0.14% |
Market-cap split (share of fund assets)
| ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index | |
|---|---|---|
| Large Cap | 0.00% | 0.00% |
| Mid Cap | 2.65% | 2.71% |
| Small Cap | 92.93% | 95.16% |
| Unclassified | 0.98% | 0.98% |
Concentration
| ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index | |
|---|---|---|
| Top 10 holdings | 13.17% | 12.76% |
| Effective number of stocks ⓘ | 168.5 | 168.8 |
| Securities held | 251 | 251 |
Portfolio overlap: 97.5%
251 companies are held by both funds; by weight, 97.5% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index |
|---|---|---|
| Sona BLW Precision Forgings Limited | 1.62% | 1.67% |
| Welspun Corp Limited | 1.54% | 1.60% |
| Karur Vysya Bank Limited | 1.33% | 1.38% |
| Navin Fluorine International Limited | 1.32% | 1.36% |
| Ather Energy Limited | 1.17% | 1.21% |
| RBL Bank Limited | 1.08% | 1.12% |
| Delhivery Limited | 1.07% | 1.11% |
| Redington Limited | 1.05% | 1.08% |
| Brookfield India Real Estate Trust | 1.99% | 1.01% |
| HFCL Limited | 1.01% | 1.04% |
| Gland Pharma Limited | 1.00% | 1.04% |
| City Union Bank Limited | 0.98% | 0.98% |
| Central Depository Services (India) Limited | 0.98% | 1.01% |
| Sai Life Sciences Limited | 0.95% | 0.95% |
| PNB Housing Finance Limited | 0.95% | 0.94% |
Top 10 holdings
ICICI Prudential Nifty Smallcap 250 Index
- Brookfield India Real Estate Trust1.99%
- Sona BLW Precision Forgings Limited1.62%
- Welspun Corp Limited1.54%
- Karur Vysya Bank Limited1.33%
- Navin Fluorine International Limited1.31%
- Ather Energy Limited1.17%
- RBL Bank Limited1.08%
- Delhivery Limited1.07%
- Redington Limited1.05%
- HFCL Limited1.01%
Motilal Oswal Nifty Smallcap 250 Index
- Sona BLW Precision Forgings Limited1.67%
- Welspun Corp Limited1.60%
- Karur Vysya Bank Limited1.38%
- Navin Fluorine International Limited1.36%
- Ather Energy Limited1.21%
- Sterlite Technologies Limited1.19%
- RBL Bank Limited1.12%
- Delhivery Limited1.11%
- Redington Limited1.08%
- Gland Pharma Limited1.04%
Sector exposure
| ICICI Prudential Nifty Smallcap 250 Index | Motilal Oswal Nifty Smallcap 250 Index | |
|---|---|---|
| Industrial Products | 8.58% | 8.62% |
| Auto Components | 8.37% | 8.42% |
| Pharmaceuticals & Biotechnology | 7.73% | 7.75% |
| Finance | 7.61% | 7.61% |
| Chemicals & Petrochemicals | 5.68% | 5.73% |
| Capital Markets | 5.35% | 5.38% |
| Banks | 5.01% | 5.11% |
| Realty | 4.08% | 2.82% |
| Electrical Equipment | 2.60% | 3.33% |
| Construction | 3.20% | 3.20% |
| Industrial Manufacturing | 2.90% | 2.90% |
| Consumer Durables | 2.82% | 2.81% |
| IT - Services | 2.79% | 2.78% |
| Healthcare Services | 2.51% | 2.50% |
Questions people ask
What is the difference between ICICI Prudential Nifty Smallcap 250 Index and Motilal Oswal Nifty Smallcap 250 Index returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +1.17% vs +1.42%; 3-year CAGR +12.57% vs +12.88%; 5-year CAGR +12.42% vs +13.10%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do ICICI Prudential Nifty Smallcap 250 Index and Motilal Oswal Nifty Smallcap 250 Index compare on risk?
Volatility (36 monthly returns, annualised) 21.62% vs 21.68%; Sharpe ratio 0.28 vs 0.30; Sortino ratio 0.43 vs 0.45; maximum drawdown −26.89% vs −42.44%; beta 1.19 vs 1.19.
How much do ICICI Prudential Nifty Smallcap 250 Index and Motilal Oswal Nifty Smallcap 250 Index overlap?
By weight, 97.5% of the two portfolios is invested in the same companies; 251 stocks are held by both, the largest shared positions being Sona BLW Precision Forgings Limited, Welspun Corp Limited, Karur Vysya Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of ICICI Prudential Nifty Smallcap 250 Index and Motilal Oswal Nifty Smallcap 250 Index?
ICICI Prudential Nifty Smallcap 250 Index: large cap 0.0%, mid cap 2.7%, small cap 92.9%. Motilal Oswal Nifty Smallcap 250 Index: large cap 0.0%, mid cap 2.7%, small cap 95.2% (share of the fund's assets, from its latest disclosed portfolio).
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.
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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 5 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.