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Best Small Cap Fund Mutual Funds

Small Cap funds invest at least 65% in companies ranked 251 and below by market capitalisation. This is the most volatile equity category — returns can be exceptional over long holding periods but falls of 40% or more are not unusual.

We currently track 41 direct-plan Small Cap Fund schemes from 36 fund houses with a median 5-year CAGR of 14.5%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.

Showing 41 of 41 schemes · sorted by Y5 low to high · page 1 of 1

Rank by1Y CAGR3Y CAGR5Y CAGR10Y CAGR
Sort by1M6M1Y3Y5Y, sorted low to high10Y

Small Cap Fund funds — frequently asked questions

Which Small Cap Fund fund has the highest 5-year CAGR?

BANK OF INDIA SMALL CAP FUND - Direct Plan - Growth currently leads the Small Cap Fund category with a 5-year CAGR of 18.8%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.

What is a good 5-year return for a Small Cap Fund fund?

Across the 41 Small Cap Fund schemes we track, the median 5-year CAGR is 14.5%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.

How is CAGR calculated on this page?

CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.

Why does this list only show direct plans?

Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.