COMPARE
Bandhan Small Cap Fund - Direct Plan Growth vs Kotak-Small Cap Fund - Growth - Direct
Bandhan Small Cap Fund and Kotak-Small Cap Fund are both in the Small Cap Fund category, from Bandhan AMC Limited and Kotak Mahindra Asset Management Company Limited. respectively. Bandhan Small Cap Fund has posted a higher 3-year rolling CAGR. Bandhan Small Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Bandhan Small Cap Fund has the lower direct-plan expense ratio, by 0.04 percentage points.
| Bandhan Small Cap Fund - Direct Plan Growth | Kotak-Small Cap Fund - Growth - Direct | |
|---|---|---|
| Category | Small Cap Fund | Small Cap Fund |
| AMC | Bandhan AMC Limited | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | BSE 250 SmallCap Index TRI | Nifty Smallcap 250 TRI |
| NAV | ₹54.012 (2026-10-28) | ₹304.536 (2026-10-28) |
| AUM | ₹35,709.758 Cr | ₹18,513.406 Cr |
| Expense Ratio (Direct) | 0.61% | 0.6459% |
| Inception | 2020-02-03 | 2004-12-30 |
Returns
Bandhan Small Cap Fund leads on 3-year rolling CAGR (31.3% vs Kotak-Small Cap Fund's 20.6%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Bandhan Small Cap Fund has been the more volatile of the two by standard deviation.
| Bandhan Small Cap Fund - Direct Plan Growth | Kotak-Small Cap Fund - Growth - Direct | |
|---|---|---|
| 3Y Sharpe Ratio | 0.71 | 0.12 |
| 3Y Alpha | 10.6714% | 0.6262% |
| 3Y Std Deviation | 18.6081% | 16.655% |
| 3Y Calmar Ratio | 0.89 | 0.36 |
Portfolio Analytics
Kotak-Small Cap Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Bandhan Small Cap Fund - Direct Plan Growth | Kotak-Small Cap Fund - Growth - Direct | |
|---|---|---|
| P/E Ratio | 16.4506 | 31.1785 |
| P/B Ratio | - | 7.3894 |
| Dividend Yield | 0.971% | 0.6003% |
| Active Share | 81.1% | 87.04% |
| Portfolio Turnover | 138% | 2068% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Bandhan Small Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Bandhan Small Cap Fund or Kotak-Small Cap Fund?
Bandhan Small Cap Fund's 3-year rolling CAGR of 31.3% is higher than Kotak-Small Cap Fund's 20.6%. Bandhan Small Cap Fund sits in the 100th percentile of its category on this metric, versus the 42nd percentile for Kotak-Small Cap Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Bandhan Small Cap Fund or Kotak-Small Cap Fund?
Bandhan Small Cap Fund's direct-plan expense ratio is 0.04 percentage points lower than Kotak-Small Cap Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Bandhan Small Cap Fund or Kotak-Small Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Bandhan Small Cap Fund has been more volatile than Kotak-Small Cap Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.71 for Bandhan Small Cap Fund vs 0.12 for Kotak-Small Cap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Bandhan Small Cap Fund or Kotak-Small Cap Fund?
Bandhan Small Cap Fund has ₹35,710 Cr in assets under management, versus ₹18,513 Cr for Kotak-Small Cap Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Bandhan Small Cap Fund or Kotak-Small Cap Fund?
Kotak-Small Cap Fund launched on 2004-12-30, making it older than Bandhan Small Cap Fund (launched 2020-02-03). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.