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Friday, 5 Jun 2026 · IST

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ProfitGuruOnline since 2007

SEBI sub-category

Small Cap Fund funds

Funds

Direct plans only

Category 1Y avg

+5.48%

Category 5Y CAGR

+18.06%

Direct vs Regular

Direct Regular

5-Year return distribution

How the 36 Small Cap Fund funds spread across return buckets. Taller bars = more funds in that band.

Risk vs Return — Small Cap Fund

Each dot is a fund. Up-and-left = high return for low risk (the sweet spot). Down-and-right = under-performing with high volatility. Colour = 5-year peer quartile.

Q1 (top 25%) Q2 Q3 Q4 (bottom 25%) 22 funds plotted

All Small Cap Fund funds

Sort by: 1Y 3Y 5Y 7Y 10Y

#	Scheme	NAV	1Y	3Y	5Y	7Y	10Y	Peer Q (5Y)	Sharpe	Max DD
1	BANDHAN SMALL CAP FUND - DIRECT PLAN GROWTH Bandhan	52.84	+5.65%	+29.40%	+22.09%	—	—	Q1	1.12	-22.8%
2	quant Small Cap Fund - Growth Option - Direct Plan Quant	294.08	+7.74%	+21.28%	+21.56%	+30.05%	+20.37%	Q1	0.73	-24.4%
3	Invesco India Smallcap Fund - Direct Plan - Growth Invesco	48.73	+6.86%	+23.61%	+21.14%	+23.81%	—	Q1	0.92	-23.4%
4	Nippon India Small Cap Fund - Direct Plan Growth Plan - Bonus Option Nippon India	194.79	+4.13%	+19.09%	+21.09%	+23.69%	+21.92%	Q1	0.72	-24.2%
5	Nippon India Small Cap Fund - Direct Plan Growth Plan - Growth Option Nippon India	194.79	+4.13%	+19.09%	+21.09%	+23.69%	+21.92%	Q1	0.72	-24.2%
6	BANK OF INDIA Small Cap Fund Direct Plan Growth Bank of India	58.58	+13.73%	+23.19%	+21.08%	+27.13%	—	Q2	0.82	-27.1%
7	DSP Small Cap Fund - Direct Plan - Growth DSP	231.05	+7.46%	+19.89%	+18.93%	+21.48%	+17.41%	Q2	0.70	-24.1%
8	Edelweiss Small Cap Fund - Direct Plan - Growth Edelweiss	49.45	+4.17%	+18.77%	+18.90%	+23.34%	—	Q2	0.66	-22.9%
9	Franklin India Small Cap Fund - Direct - Growth Franklin India	193.67	-0.35%	+17.11%	+18.65%	+18.44%	+16.10%	Q2	0.61	-24.1%
10	Union Small Cap Fund - Direct Plan - Growth Option Union	59.77	+14.86%	+20.15%	+18.49%	+22.46%	+17.12%	Q2	0.73	-26.2%
11	Sundaram Small Cap Fund Direct Plan - Growth Sundaram	307.03	+9.21%	+19.67%	+18.47%	+19.45%	+15.84%	Q2	0.74	-23.8%
12	Axis Small Cap Fund - Direct Plan - Growth Axis	124.48	+2.51%	+16.51%	+17.69%	+21.70%	+19.55%	Q3	0.65	-19.4%
13	ITI Small Cap Fund - Direct Plan - Growth Option ITI	33.88	+8.14%	+25.59%	+17.65%	—	—	Q3	0.96	-24.2%
14	CANARA ROBECO SMALL CAP FUND - DIRECT PLAN - GROWTH OPTION Canara Robeco	42.58	+0.64%	+14.89%	+17.39%	+22.16%	—	Q3	0.53	-23.6%
15	HDFC Small Cap Fund - Growth Option - Direct Plan HDFC	152.20	-1.51%	+14.79%	+17.31%	+18.25%	+18.57%	Q3	0.53	-22.6%
16	UTI Small Cap Fund - Direct Plan - Growth Option UTI	28.03	+2.96%	+16.89%	+17.12%	—	—	Q3	0.60	-22.3%
17	Tata Small Cap Fund-Direct Plan-Growth Tata	41.02	-7.67%	+12.67%	+16.64%	+20.79%	—	Q4	0.40	-30.9%
18	ICICI Prudential Smallcap Fund - Direct Plan - Growth ICICI Prudential	97.03	+0.54%	+14.21%	+16.49%	+19.68%	+17.30%	Q4	0.52	-22.2%
19	Kotak-Small Cap Fund - Growth - Direct Kotak	300.61	-1.22%	+14.40%	+14.63%	+21.05%	+17.95%	Q4	0.48	-24.7%
20	Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan Aditya Birla Sun Life	104.74	+8.64%	+17.93%	+14.62%	+15.72%	+14.26%	Q4	0.64	-26.2%
21	SBI Small Cap Fund - Direct Plan - Growth SBI	194.52	+0.38%	+13.39%	+14.45%	+19.22%	+19.01%	Q4	0.48	-22.4%
22	PGIM India Small Cap Fund - Direct Plan- Growth Option PGIM India	17.81	+6.94%	+16.18%	+11.83%	—	—	Q4	0.61	-21.5%
23	Abakkus Small Cap Fund - Direct Plan - Growth —	11.36	—	—	—	—	—	—	—	—
24	BAJAJ FINSERV SMALL CAP FUND - DIRECT - GROWTH Bajaj Finserv	10.28	+2.17%	—	—	—	—	—	—	—
25	Baroda BNP Paribas Small Cap Fund - Direct Plan - Growth option Baroda BNP Paribas	13.69	+2.93%	—	—	—	—	—	—	—
26	Groww Small Cap Fund-Direct-Growth Groww	11.10	—	—	—	—	—	—	—	—
27	Helios Small Cap Fund - Direct Plan - Growth Option Helios	10.37	—	—	—	—	—	—	—	—
28	HSBC Small Cap Fund - Direct Growth HSBC	92.37	+2.90%	+17.14%	—	—	—	—	0.57	-27.2%
29	JM Small Cap Fund (Direct) - Growth Option —	10.89	+7.46%	—	—	—	—	—	—	—
30	LIC MF Small Cap Fund-Direct Plan-Growth LIC	35.83	+8.17%	+15.93%	—	—	—	—	—	—
31	Mahindra Manulife Small Cap Fund - Direct Plan - Growth Mahindra Manulife	21.26	+9.18%	+23.72%	—	—	—	—	0.83	-26.0%
32	Mirae Asset Small Cap Fund - Direct Plan - Growth Mirae Asset	11.66	+6.30%	—	—	—	—	—	—	—
33	Motilal Oswal Small Cap Fund - Direct - Growth Motilal Oswal	15.69	+10.85%	—	—	—	—	—	—	—
34	QUANTUM SMALL CAP FUND - DIRECT PLAN GROWTH OPTION Quantum	13.29	+4.40%	—	—	—	—	—	—	—
35	The Wealth Company Small Cap Fund- Direct-Growth —	10.98	—	—	—	—	—	—	—	—
36	TRUSTMF SMALL CAP FUND -DIRECT PLAN-GROWTH —	12.54	+23.18%	—	—	—	—	—	—	—

Direct plans typically outperform Regular plans by around 50 basis points per year because they carry no distributor commission. The "Peer Q (5Y)" column shows the fund's quartile within this category over the 5-year window: Q1 = top 25%.

Frequently asked questions

Generated from this category's live aggregates — average returns, fund counts, quartile spreads. Updated daily.

Small Cap Funds invest at least 65% in companies ranked 251 and below by market cap. Highest expected return among equity categories but also the deepest drawdowns — many funds saw -50% peak-to-trough in 2018 and 2020.

We currently track 36 active Small Cap Fund schemes (Direct plan, Growth option). The list updates daily after AMFI publishes new NAVs and SEBI re-classifies schemes. 5 of them sit in the top quartile by 5-year CAGR.

Over the last 5 years, the average Small Cap Fund (Direct plan) has returned 18.06% CAGR — that turns ₹1 lakh into roughly ₹229,355. Over the last 12 months the category averaged 5.48%. Top-quartile funds in this category typically beat the average by 3-6 percentage points per year — fund selection within a category matters more than the category choice itself.

Over the trailing 5-year window, the highest-returning Small Cap Fund in our database is **BANDHAN SMALL CAP FUND - DIRECT PLAN GROWTH** (Bandhan) with a CAGR of 22.09%. The category average is 18.06%. Past performance is no guarantee of future returns — top-quartile funds in one window often slip in the next.

The best 1-year return in the Small Cap Fund category right now is **TRUSTMF SMALL CAP FUND -DIRECT PLAN-GROWTH** () at 23.18%. 1-year numbers are noisy and shouldn't be the sole basis for picking — cross-check rolling returns and 5-year CAGR before deciding.

Across all Small Cap Fund schemes with 5 years of history, the 5-year CAGR ranges from 11.83% (worst) to 22.09% (best), with a median of 18.47%. That spread of about 10 percentage points between top and bottom is a useful gauge of how much fund selection matters in this category.

On ProfitGuruOnline you can browse either Small Cap Fund Direct plans (lower expense ratio, no broker commission baked in) or Regular plans (sold through distributors). Use the filter on the category page. Direct typically outperforms Regular by 0.5-1% per year in the same scheme — meaningful over 10+ years.

Small Cap Fund is classified as an Equity scheme. Held for 12 months or more: 12.5% LTCG on gains exceeding ₹1.25 lakh per FY per PAN. Held for under 12 months: 20% STCG. Rates updated by Budget 2024.

Yes. Equity categories like Small Cap Fund are well-suited to SIP because the monthly drip averages out entry timing — you buy more units when NAVs are low. Over 7+ year horizons, SIP XIRRs typically end up within 1-2 pp of lump-sum, but with much less stress.

Small Cap Fund schemes need at least 7-10 year horizons. Their drawdowns can exceed 50% — anyone needing the money within 3-5 years risks selling at a deep loss.

Highest equity-category risk. Small-cap stocks can fall 50-60% in bear markets; recovery sometimes takes 2-3 years. Liquidity also suffers in stress — AMCs occasionally restrict redemptions.

Two or three schemes from different AMCs is usually enough for a single category. Beyond that you'd be re-creating the category average minus your selection cost. Focus on consistency (% of rolling-return windows that ended positive) over chasing top performers — top quartile rarely repeats.

Quarterly is plenty for monitoring NAVs and aggregate gain; annually (or after major regulatory changes like Budget 2024) is the right cadence for re-evaluating against alternatives. Don't churn based on 1-month or even 1-year underperformance — equity funds need 3-5 year horizons to fairly judge.

We rank funds within each category by point-to-point CAGR over the chosen window (1Y, 3Y, 5Y, 7Y, 10Y, since inception), then assign quartile and decile bands so any fund's standing relative to peers is one click away. Numbers are recomputed nightly after AMFI's NAV publish.

Daily NAVs are pulled directly from AMFI's published feed. Category classification uses SEBI's October-2017 mutual-fund categorisation circular. We compute returns, rolling-window stats, SIP backtests, drawdowns and Sharpe ratios in-house — no third-party feeds, no hidden adjustments.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.