Nifty Smallcap 250 index funds compared
22 plans that track the Nifty Smallcap 250 index, compared on cost and how closely they follow it. Data as of 5 Nov 2026.
Direct plans (11)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | A+ | 0.45% | -0.45% | 0.08% | 1.4% | ₹1,271 cr |
| Edelweiss Nifty Smallcap 250 Index FundEdelweiss Mutual Fund | A | 0.42% | -0.23% | 0.21% | 1.6% | ₹272 cr |
| BANDHAN Nifty Smallcap 250 Index FundBandhan Mutual Fund | A | 0.37% | -0.57% | 0.14% | 1.3% | ₹100 cr |
| JioBlackRock Nifty Smallcap 250 Index FundJio BlackRock Mutual Fund | A | 0.39% | -0.50% | 0.17% | 1.4% | ₹399 cr |
| Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | B | 0.48% | -0.47% | 0.11% | 1.4% | ₹3,463 cr |
| HDFC NIFTY Smallcap 250 Index FundHDFC Mutual Fund | B | 0.40% | -0.64% | 0.14% | 1.2% | ₹752 cr |
| Kotak Nifty SmallCap 250 Index FundKotak Mahindra Mutual Fund | B | 0.41% | -0.55% | 0.17% | 1.3% | ₹78 cr |
| SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | B | 0.50% | -0.68% | 0.14% | 1.2% | ₹1,759 cr |
| Groww Nifty Smallcap 250 Index FundGroww Mutual Fund | C | 0.63% | -0.29% | 0.23% | 1.6% | ₹138 cr |
| ICICI Prudential Nifty Smallcap 250 Index FundICICI Prudential Mutual Fund | C | 0.43% | -0.71% | 0.16% | 1.2% | ₹775 cr |
| DSP Nifty Smallcap 250 Index FundDSP Mutual Fund | – | 0.57% | -0.63% | 0.25% | – | ₹16 cr |
Regular plans (11)
| Fund | Rating | Expense ratio | Tracking difference, 1Y | Tracking error, 1Y | 1Y return | AUM |
|---|---|---|---|---|---|---|
| SBI Nifty Smallcap 250 Index FundSBI Mutual Fund | A | 0.92% | -1.10% | 0.14% | 0.8% | ₹1,759 cr |
| Kotak Nifty SmallCap 250 Index FundKotak Mahindra Mutual Fund | A | 0.90% | -1.04% | 0.17% | 0.8% | ₹78 cr |
| Edelweiss Nifty Smallcap 250 Index FundEdelweiss Mutual Fund | A | 1.03% | -0.90% | 0.21% | 1.0% | ₹272 cr |
| HDFC NIFTY Smallcap 250 Index FundHDFC Mutual Fund | B | 0.87% | -1.12% | 0.14% | 0.8% | ₹752 cr |
| Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | B | 1.08% | -1.09% | 0.12% | 0.8% | ₹3,463 cr |
| Motilal Oswal Nifty Smallcap 250 Index FundMotilal Oswal Mutual Fund | B | 1.13% | -1.19% | 0.09% | 0.7% | ₹1,271 cr |
| Groww Nifty Smallcap 250 Index FundGroww Mutual Fund | B | 1.14% | -0.85% | 0.23% | 1.0% | ₹138 cr |
| BANDHAN Nifty Smallcap 250 Index FundBandhan Mutual Fund | C | 1.06% | -1.28% | 0.14% | 0.6% | ₹100 cr |
| ICICI Prudential Nifty Smallcap 250 Index FundICICI Prudential Mutual Fund | C | 0.96% | -1.29% | 0.16% | 0.6% | ₹775 cr |
| DSP Nifty Smallcap 250 Index FundDSP Mutual Fund | – | 1.28% | -1.31% | 0.25% | – | ₹16 cr |
| JioBlackRock Nifty Smallcap 250 Index FundJio BlackRock Mutual Fund | – | 1.14% | –% | –% | – | ₹399 cr |
Common questions
How many Nifty Smallcap 250 index funds are there?
11 schemes track the Nifty Smallcap 250 index, with 22 plans (Regular and Direct), as of 5 Nov 2026.
Which Nifty Smallcap 250 index fund has the lowest tracking error?
Among Direct plans, Motilal Oswal Nifty Smallcap 250 Index Fund had the lowest 1-year tracking error, 0.08%, as of 5 Nov 2026. Tracking error measures how closely the fund follows the index day to day.
Which Nifty Smallcap 250 index fund has the lowest expense ratio?
Among Direct plans, BANDHAN Nifty Smallcap 250 Index Fund at 0.37% a year, as of 5 Nov 2026.
How do you choose between index funds on the same index?
They hold the same stocks, so look at cost (expense ratio), how closely they track (tracking difference and tracking error) and size (AUM, for smooth trading). Our rating weighs those in that order.
Ratings describe past tracking and cost, not a recommendation. Read the scheme documents before investing.