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
- BANK OF INDIA SMALL CAP FUNDBank of India Mutual Fund · NAV ₹58.08 26.3% 22.5% 20.1%
- Nippon India Small Cap FundNippon India Mutual Fund · NAV ₹186.31 9.9% 16.9% 20.1%
- Invesco India Smallcap FundInvesco Mutual Fund · NAV ₹48.82 14.6% 23.3% 20.1%
- Quant Small Cap Fundquant Mutual Fund · NAV ₹292.18 13.5% 18.0% 20.0%
- BANDHAN Small Cap FundBandhan Mutual Fund · NAV ₹51.86 11.2% 25.2% 19.2%
- DSP Small Cap FundDSP Mutual Fund · NAV ₹232.22 17.8% 18.5% 18.8%
- ITI Small Cap FundITI Mutual Fund · NAV ₹34.46 20.1% 25.2% 18.7%
- Union Small Cap FundUnion Mutual Fund · NAV ₹60.86 22.3% 18.5% 18.0%
- Edelweiss Small Cap FundEdelweiss Mutual Fund · NAV ₹48.69 10.6% 16.4% 17.8%
- Franklin India Small Cap FundFranklin Templeton Mutual Fund · NAV ₹181.30 6.7% 14.8% 17.6%
- Axis Small Cap FundAxis Mutual Fund · NAV ₹118.09 10.6% 16.6% 16.9%
- Canara Robeco Small Cap FundCanara Robeco Mutual Fund · NAV ₹41.65 7.4% 13.8% 16.4%
- UTI Small Cap FundUTI Mutual Fund · NAV ₹27.97 7.2% 15.3% 15.9%
- HDFC Small Cap FundHDFC Mutual Fund · NAV ₹140.11 -1.4% 11.7% 15.8%
- SBI SMALL CAP FUNDSBI Mutual Fund · NAV ₹187.04 6.8% 12.9% 15.2%
- ICICI Prudential Small Cap FundICICI Prudential Mutual Fund · NAV ₹91.88 4.3% 12.5% 15.0%
- Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund · NAV ₹101.20 18.2% 16.4% 14.8%
- Tata Small Cap FundTata Mutual Fund · NAV ₹39.11 -1.7% 12.1% 14.6%
- PGIM India Small Cap FundPGIM India Mutual Fund · NAV ₹18.70 13.7% 16.7% 13.8%
- Kotak Small Cap FundKotak Mahindra Mutual Fund · NAV ₹276.93 6.1% 13.0% 13.6%
- Sundaram Small Cap FundSundaram Mutual Fund · NAV ₹35.97 9.7% 7.8% 9.6%
- Abakkus Small Cap FundAbakkus Mutual Fund · NAV ₹12.58 — — —
- Bajaj Finserv Small Cap FundBajaj Finserv Mutual Fund · NAV ₹11.33 — — —
- Baroda BNP Paribas Small Cap FundBaroda BNP Paribas Mutual Fund · NAV ₹14.33 — — —
- Groww Small Cap FundGroww Mutual Fund · NAV ₹12.73 — — —
- Helios Small Cap FundHelios Mutual Fund · NAV ₹11.56 — — —
- JM Small Cap FundJM Financial Mutual Fund · NAV ₹11.64 — — —
- LIC MF Small Cap FundLIC Mutual Fund · NAV ₹35.26 17.5% 19.1% —
- Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund · NAV ₹22.80 16.3% 20.9% —
- Mirae Asset Small Cap FundMirae Asset Mutual Fund · NAV ₹12.73 — — —
- Motilal Oswal Small Cap FundMotilal Oswal Mutual Fund · NAV ₹17.22 — — —
- QUANTUM SMALL CAP FUNDQuantum Mutual Fund · NAV ₹13.62 — — —
- Samco Small Cap FundSamco Mutual Fund · NAV ₹11.69 — — —
- TRUSTMF SMALL CAP FUNDTrust Mutual Fund · NAV ₹13.60 — — —
- The Wealth Company Small Cap FundThe Wealth Company Mutual Fund · NAV ₹11.90 — — —
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.