Small Cap Mutual Funds
At least 65% in companies ranked 251st and below.
The highest return and the highest pain in Indian equity. These companies are thinly traded, so a fund that grows too large struggles to buy and sell without moving the price — which is why good small-cap funds close to new money.
Who it suits. Only money that will not be needed for a decade, and only alongside steadier funds. Hold for 10 years or more.
Regular plans in this category
- Invesco India Small Cap FundInvesco Mutual Fund · NAV ₹48.08 14.6% 22.0% 18.3%
- BANK OF INDIA SMALL CAP FUNDBank of India Mutual Fund · NAV ₹58.50 24.9% 20.8% 18.2%
- BANDHAN Small Cap FundBandhan Mutual Fund · NAV ₹52.02 10.2% 23.5% 18.1%
- Quant Small Cap Fundquant Mutual Fund · NAV ₹289.84 13.0% 16.9% 17.9%
- Nippon India Small Cap FundNippon India Mutual Fund · NAV ₹183.76 8.0% 14.8% 17.7%
- ITI Small Cap FundITI Mutual Fund · NAV ₹34.07 19.2% 23.4% 17.2%
- DSP Small Cap FundDSP Mutual Fund · NAV ₹230.77 16.7% 17.1% 17.0%
- Union Small Cap FundUnion Mutual Fund · NAV ₹59.99 19.8% 16.5% 16.1%
- Edelweiss Small Cap FundEdelweiss Mutual Fund · NAV ₹47.28 7.4% 14.4% 15.1%
- Sundaram Small Cap FundSundaram Mutual Fund · NAV ₹294.59 12.6% 15.9% 15.1%
- Franklin India Small Cap FundFranklin Templeton Mutual Fund · NAV ₹176.21 3.6% 12.3% 14.5%
- Axis Small Cap FundAxis Mutual Fund · NAV ₹116.07 8.3% 14.6% 14.4%
- Tata Small Cap FundTata Mutual Fund · NAV ₹40.06 -1.1% 11.6% 14.2%
- HDFC Small Cap FundHDFC Mutual Fund · NAV ₹139.28 -3.1% 10.2% 13.6%
- UTI Small Cap FundUTI Mutual Fund · NAV ₹27.24 4.5% 12.9% 13.5%
- Canara Robeco Small Cap FundCanara Robeco Mutual Fund · NAV ₹40.62 4.4% 11.6% 13.2%
- SBI SMALL CAP FUNDSBI Mutual Fund · NAV ₹183.67 5.9% 11.0% 13.1%
- ICICI Prudential Small Cap FundICICI Prudential Mutual Fund · NAV ₹91.84 3.9% 11.2% 12.9%
- Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund · NAV ₹100.04 16.9% 15.0% 12.8%
- PGIM India Small Cap FundPGIM India Mutual Fund · NAV ₹18.56 12.4% 15.5% 11.8%
- Kotak Small Cap FundKotak Mahindra Mutual Fund · NAV ₹277.01 6.4% 11.9% 11.7%
- Abakkus Small Cap FundAbakkus Mutual Fund · NAV ₹12.38 — — —
- Bajaj Finserv Small Cap FundBajaj Finserv Mutual Fund · NAV ₹11.14 — — —
- Baroda BNP Paribas Small Cap FundBaroda BNP Paribas Mutual Fund · NAV ₹14.08 — — —
- Groww Small Cap FundGroww Mutual Fund · NAV ₹12.89 — — —
- Helios Small Cap FundHelios Mutual Fund · NAV ₹11.51 — — —
- JM Small Cap FundJM Financial Mutual Fund · NAV ₹11.53 — — —
- LIC MF Small Cap FundLIC Mutual Fund · NAV ₹35.33 13.9% 17.8% —
- Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund · NAV ₹22.55 15.7% 19.3% —
- Mirae Asset Small Cap FundMirae Asset Mutual Fund · NAV ₹12.58 — — —
- Motilal Oswal Small Cap FundMotilal Oswal Mutual Fund · NAV ₹16.94 — — —
- QUANTUM SMALL CAP FUNDQuantum Mutual Fund · NAV ₹13.49 — — —
- Samco Small Cap FundSamco Mutual Fund · NAV ₹12.73 — — —
- TRUSTMF SMALL CAP FUNDTrust Mutual Fund · NAV ₹13.51 — — —
- The Wealth Company Small Cap FundThe Wealth Company Mutual Fund · NAV ₹11.72 — — —
Point-to-point CAGR from AMFI NAV history, Regular plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
Other categories
Questions people ask
What is a Small Cap fund?
At least 65% in companies ranked 251st and below. The highest return and the highest pain in Indian equity. These companies are thinly traded, so a fund that grows too large struggles to buy and sell without moving the price — which is why good small-cap funds close to new money.
Who should invest in Small Cap funds?
Only money that will not be needed for a decade, and only alongside steadier funds. A sensible holding period is 10 years or more.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.