Small cap funds: returns ranked
Small cap funds hold mostly companies ranked below 250 by size, the most volatile part of the listed market. 18 funds are ranked here by three-year return, with what a monthly SIP earned and the risk each carried, on net asset values to 11 Nov 2026.
The category at a glance
Average, 1 year
+9.0%
across 18 funds
Average, 3 years
+14.5%
a year, compounded
Average, 5 years
+14.5%
a year, compounded
Highest 3-year return
+22.8%
BANDHAN Small Cap Fund
Lowest volatility
14.3%
SBI SMALL CAP FUND
Every fund in the category
On a phone, swipe the table sideways for every column. Returns for three and five years are yearly, compounded. SIP is the yearly return on a monthly instalment over three years. Volatility is the yearly swing in the fund’s value; deepest fall is its largest drop from a peak.
| # | Fund | 1 year | 3 years | 5 years | SIP, 3 years | Volatility | Deepest fall | Sharpe |
|---|---|---|---|---|---|---|---|---|
| 1 | BANDHAN Small Cap FundBandhan Mutual Fund | +9.3% | +22.8% | +19.1% | +13.7% | 17.4% | -22.8% | 0.94 |
| 2 | ITI Small Cap Fund OptionITI Mutual Fund | +16.9% | +21.7% | +16.6% | +15.5% | 19.3% | -24.2% | 0.79 |
| 3 | Invesco India Small Cap FundInvesco Mutual Fund | +19.1% | +21.5% | +19.4% | +17.9% | 17.9% | -23.4% | 0.84 |
| 4 | BANK OF INDIA SMALL CAP FUNDBank of India Mutual Fund | +23.4% | +18.8% | +18.2% | +17.6% | 18.9% | -27.1% | 0.65 |
| 5 | Quant Small Cap Fund Optionquant Mutual Fund | +10.5% | +16.5% | +16.5% | +9.4% | 17.7% | -24.4% | 0.56 |
| 6 | DSP Small Cap FundDSP Mutual Fund | +14.4% | +16.1% | +16.0% | +12.8% | 16.8% | -24.1% | 0.57 |
| 7 | Union Small Cap Fund OptionUnion Mutual Fund | +18.5% | +15.1% | +15.9% | +14.9% | 18.9% | -26.2% | 0.46 |
| 8 | Aditya Birla Sun Life Small Cap Fund - GROWTHAditya Birla Sun Life Mutual Fund | +14.9% | +15.0% | +13.0% | +13.0% | 17.2% | -26.2% | 0.49 |
| 9 | Sundaram Small Cap Fund - GROWTHSundaram Mutual Fund | +7.7% | +14.4% | +14.3% | +9.6% | 16.6% | -23.8% | 0.48 |
| 10 | Nippon India Small Cap Fund OptionNippon India Mutual Fund | +7.3% | +13.9% | +17.1% | +7.9% | 16.5% | -24.2% | 0.45 |
| 11 | Axis Small Cap Fund OptionAxis Mutual Fund | +7.0% | +13.9% | +14.5% | +9.6% | 15.0% | -19.4% | 0.49 |
| 12 | Kotak Small Cap FundKotak Mahindra Mutual Fund | +4.9% | +11.7% | +10.7% | +6.0% | 15.4% | -24.7% | 0.34 |
| 13 | SBI SMALL CAP FUNDSBI Mutual Fund | +4.9% | +11.2% | +11.9% | +6.2% | 14.3% | -22.4% | 0.33 |
| 14 | Canara Robeco Small Cap Fund - GROWTH OPTIONCanara Robeco Mutual Fund | +2.3% | +10.9% | +12.3% | +4.8% | 16.4% | -23.6% | 0.27 |
| 15 | ICICI Prudential Small Cap FundICICI Prudential Mutual Fund | +2.6% | +10.4% | +11.7% | +5.0% | 14.4% | -22.2% | 0.27 |
| 16 | Franklin India Small Cap FundFranklin Templeton Mutual Fund | +2.1% | +10.3% | +13.7% | +3.8% | 16.3% | -24.1% | 0.23 |
| 17 | HDFC Small Cap Fund OptionHDFC Mutual Fund | -5.1% | +9.4% | +12.9% | +2.4% | 15.9% | -22.6% | 0.18 |
| 18 | Sundaram Small Cap Fund - GROWTHSundaram Mutual Fund | +1.0% | +6.8% | +6.5% | +1.3% | 18.0% | -29.2% | 0.02 |
Direct plans, growth option. Past returns describe what happened; they do not say what a fund will do next.
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