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Small Cap mutual funds, ranked

The 30 small cap funds with at least a year behind them, by their return over 1, 3 and 5 years, next to the category's middle fund and a plain index fund.

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Small Cap funds, by 5 year return

Direct plans, growth option. Annualised returns to 09 Oct 2026. Funds younger than five years follow, by their three and one year returns.

Fund1 year3 years5 years
1Bank Of India Small Cap Fund28.2%21.7%19.0%
2Invesco India Small Cap Fund11.7%21.6%18.5%
3Bandhan Small Cap Fund9.6%23.1%18.2%
4Quant Small Cap Fund11.6%17.5%18.1%
5ITI Small Cap Fund17.8%23.3%17.5%
6Nippon India Small Cap Fund7.3%14.6%17.1%
7Union Small Cap Fund20.2%16.9%16.2%
8DSP Small Cap Fund16.8%16.8%16.2%
9Edelweiss Small Cap Fund6.6%14.7%15.2%
10Sundaram Small Cap Fund11.3%15.5%14.7%
11Axis Small Cap Fund8.1%14.8%14.4%
12Tata Small Cap Fund-1.4%11.3%14.4%
13Franklin India Small Cap Fund2.7%11.4%13.8%
14UTI Small Cap Fund2.9%13.0%13.5%
15Canara Robeco Small Cap Fund2.7%11.6%13.1%
16HDFC Small Cap Fund-4.0%9.7%13.0%
17ICICI Prudential Small Cap Fund3.0%11.1%12.8%
18SBI Small Cap Fund4.9%11.0%12.3%
19Aditya Birla Sun Life Small Cap Fund16.1%15.0%12.3%
20PGIM India Small Cap Fund10.1%15.3%11.5%
21Kotak Small Cap Fund4.1%11.9%11.3%
22Mahindra Manulife Small Cap Fund13.0%19.0%n/a
23LIC MF Small Cap Fund13.6%17.4%n/a
24Trustmf Small Cap Fund28.5%n/an/a
25Motilal Oswal Small Cap Fund19.0%n/an/a
26Bajaj Finserv Small Cap Fund14.5%n/an/a
27JM Small Cap Fund13.7%n/an/a
28Mirae Asset Small Cap Fund8.6%n/an/a
29Baroda BNP Paribas Small Cap Fund8.2%n/an/a
30Quantum Small Cap Fund6.1%n/an/a
Middle of the category9.9%15.0%14.4%
Motilal Oswal Nifty Smallcap 250 Index Fund, tracking the Nifty Smallcap 2503.5%13.4%12.8%

How to read this

  • Leaders changeThe fund at the top over the last five years is rarely at the top over the next five. Funds that stay in the upper half across all three periods tell you more than the one in first place.
  • The index fund is the barOf the 21 funds with a five year record, 16 returned more than an index fund tracking the Nifty Smallcap 250.
  • The wider pictureSee how many funds beat the index in every category.
  • These are direct plansThe regular plan of each fund returns less, by the commission it pays. Check which plan you hold before you compare.
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Questions

Which small cap fund has given the highest return?

Over the five years to 09 Oct 2026, Bank Of India Small Cap Fund returned the most among small cap funds: 19.0% a year in its direct plan. The middle fund in the category returned 14.4%. Past returns do not tell you which fund will lead next.

How are small cap funds ranked here?

By annualised return, using the growth option of each fund's direct plan, over 1, 3 and 5 years. Using direct plans keeps sales commissions out of the comparison. NAVs come from AMFI and are refreshed every day.

Should I pick the top-ranked small cap fund?

Not on rank alone. Rankings change, and the right fund depends on your goals, how long you are investing for and what else you hold. Use the table to see how a fund has done against its peers and an index fund, then decide with advice that knows your situation.

This page is information, not a recommendation to buy, sell or hold any fund. Returns are annualised, for the growth option, from NAVs published by AMFI. A ranking by past return says nothing certain about the future, and the right fund for you depends on your goals and the rest of your portfolio.

Invsify Technologies Private Limited is a SEBI Registered Investment Adviser, Registration No. INA000020572. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future results.