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
- BANDHAN Small Cap FundBandhan Mutual Fund · NAV ₹48.82 0.6% 21.1% 16.4%
- BANK OF INDIA SMALL CAP FUNDBank of India Mutual Fund · NAV ₹54.99 15.1% 17.1% 16.1%
- Invesco India Small Cap FundInvesco Mutual Fund · NAV ₹45.11 1.6% 17.9% 15.8%
- Nippon India Small Cap FundNippon India Mutual Fund · NAV ₹171.36 -2.1% 11.8% 15.5%
- Quant Small Cap Fundquant Mutual Fund · NAV ₹274.50 3.0% 15.4% 15.2%
- DSP Small Cap FundDSP Mutual Fund · NAV ₹216.38 8.9% 14.4% 14.6%
- ITI Small Cap FundITI Mutual Fund · NAV ₹31.90 7.0% 19.9% 14.4%
- Union Small Cap FundUnion Mutual Fund · NAV ₹56.37 7.9% 12.7% 14.3%
- Sundaram Small Cap FundSundaram Mutual Fund · NAV ₹273.28 1.2% 12.5% 13.0%
- Edelweiss Small Cap FundEdelweiss Mutual Fund · NAV ₹44.29 -2.7% 11.2% 12.8%
- Axis Small Cap FundAxis Mutual Fund · NAV ₹109.13 -0.5% 11.7% 12.6%
- Franklin India Small Cap FundFranklin Templeton Mutual Fund · NAV ₹163.99 -5.9% 8.8% 12.3%
- HDFC Small Cap FundHDFC Mutual Fund · NAV ₹131.17 -9.4% 8.0% 12.0%
- UTI Small Cap FundUTI Mutual Fund · NAV ₹25.57 -5.3% 10.8% 11.3%
- Tata Small Cap FundTata Mutual Fund · NAV ₹36.00 -9.9% 7.6% 10.8%
- ICICI Prudential Small Cap FundICICI Prudential Mutual Fund · NAV ₹85.01 -5.1% 8.1% 10.5%
- Canara Robeco Small Cap FundCanara Robeco Mutual Fund · NAV ₹37.52 -6.5% 8.1% 10.5%
- SBI SMALL CAP FUNDSBI Mutual Fund · NAV ₹171.89 -3.1% 8.5% 10.3%
- Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund · NAV ₹93.77 3.7% 11.5% 10.1%
- Kotak Small Cap FundKotak Mahindra Mutual Fund · NAV ₹255.72 -3.7% 9.0% 9.1%
- PGIM India Small Cap FundPGIM India Mutual Fund · NAV ₹17.22 0.8% 12.5% 9.1%
- Abakkus Small Cap FundAbakkus Mutual Fund · NAV ₹11.53 — — —
- Bajaj Finserv Small Cap FundBajaj Finserv Mutual Fund · NAV ₹10.53 — — —
- Baroda BNP Paribas Small Cap FundBaroda BNP Paribas Mutual Fund · NAV ₹13.28 — — —
- Groww Small Cap FundGroww Mutual Fund · NAV ₹12.02 — — —
- Helios Small Cap FundHelios Mutual Fund · NAV ₹10.78 — — —
- JM Small Cap FundJM Financial Mutual Fund · NAV ₹10.76 — — —
- LIC MF Small Cap FundLIC Mutual Fund · NAV ₹32.92 5.5% 14.8% —
- Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund · NAV ₹21.22 3.4% 16.5% —
- Mirae Asset Small Cap FundMirae Asset Mutual Fund · NAV ₹11.77 — — —
- Motilal Oswal Small Cap FundMotilal Oswal Mutual Fund · NAV ₹15.93 — — —
- QUANTUM SMALL CAP FUNDQuantum Mutual Fund · NAV ₹12.52 — — —
- Samco Small Cap FundSamco Mutual Fund · NAV ₹12.03 — — —
- TRUSTMF SMALL CAP FUNDTrust Mutual Fund · NAV ₹12.95 — — —
- The Wealth Company Small Cap FundThe Wealth Company Mutual Fund · NAV ₹10.88 — — —
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.