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Best Small Cap Funds

Ranked by 3-Year Sharpe • 30 schemes • Group: Equity • Benchmark: Nifty Smallcap 250 • Data as of 2026-11-11

Funds investing at least 65% in companies beyond top 250 by market cap, targeting high growth with higher volatility. Across 30 analyzed schemes, the top-ranked fund is BANDHAN SMALL CAP FUND (3Y CAGR +21.17%). The category median 3-year CAGR stands at +13.50%, median expense ratio is 2.17%, and median MFIQ score is 5.1/10.

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Rank Scheme Score 1Y Return 3Y CAGR 5Y CAGR Alpha Beta Expense Upside Downside Fund Size
#1
BA
Bandhan Mutual Fund
3Y: +21.17% • 5Y: +17.47% • AUM: Rs 38,024 cr
7.8 +7.97% +21.17% +17.47% +8.06% 0.89 1.73% 108.0% 80.8% Rs 38,024 cr
#2
IN
Invesco Mutual Fund
3Y: +19.90% • 5Y: +17.70% • AUM: Rs 18,014 cr
7.6 +17.56% +19.90% +17.70% +6.98% 0.90 1.83% 102.5% 76.7% Rs 18,014 cr
#3
IT
ITI Mutual Fund
3Y: +19.94% • 5Y: +15.11% • AUM: Rs 3,788 cr
6.5 +16.46% +19.94% +15.11% +6.59% 0.98 2.20% 96.7% 68.7% Rs 3,788 cr
#4
MM
Mahindra Manulife Mutual Fund
3Y: +17.30% • 5Y: - • AUM: Rs 5,534 cr
6.7 +14.30% +17.30% - +4.58% 0.93 2.17% 100.8% 84.8% Rs 5,534 cr
#5
BO
Bank of India Mutual Fund
3Y: +17.53% • 5Y: +16.76% • AUM: Rs 3,971 cr
5.7 +23.57% +17.53% +16.76% +4.64% 0.94 2.24% 103.8% 85.3% Rs 3,971 cr
#6
LI
LIC Mutual Fund
3Y: +16.17% • 5Y: - • AUM: Rs 863 cr
4.9 +15.92% +16.17% - +3.72% 0.96 2.63% 99.9% 84.8% Rs 863 cr
#7
QU
quant Mutual Fund
3Y: +15.64% • 5Y: +15.83% • AUM: Rs 35,431 cr
6.5 +10.39% +15.64% +15.83% +3.33% 0.88 1.65% 93.0% 80.1% Rs 35,431 cr
#8
DS
DSP Mutual Fund
3Y: +15.10% • 5Y: +14.96% • AUM: Rs 21,210 cr
5.1 +13.40% +15.10% +14.96% +3.18% 0.84 1.70% 97.4% 87.5% Rs 21,210 cr
#9
PI
PGIM India Mutual Fund
3Y: +13.72% • 5Y: +9.96% • AUM: Rs 1,773 cr
4.5 +11.45% +13.72% +9.96% +2.26% 0.76 2.35% 86.0% 75.2% Rs 1,773 cr
#10
AX
Axis Mutual Fund
3Y: +12.96% • 5Y: +13.34% • AUM: Rs 30,679 cr
5.4 +6.98% +12.96% +13.34% +1.72% 0.76 1.68% 84.2% 75.8% Rs 30,679 cr
#11
UN
Union Mutual Fund
3Y: +14.12% • 5Y: +14.94% • AUM: Rs 2,796 cr
4.3 +17.28% +14.12% +14.94% +2.00% 0.94 2.17% 92.2% 82.1% Rs 2,796 cr
#12
SU
Sundaram Mutual Fund
3Y: +13.27% • 5Y: +13.21% • AUM: Rs 4,044 cr
3.7 +7.77% +13.27% +13.21% +1.60% 0.83 2.02% 89.2% 82.9% Rs 4,044 cr
#13
ED
Edelweiss Mutual Fund
3Y: +12.38% • 5Y: +13.60% • AUM: Rs 7,158 cr
5.4 +5.71% +12.38% +13.60% +0.91% 0.82 1.94% 85.1% 79.8% Rs 7,158 cr
#14
HS
HSBC Mutual Fund
3Y: +12.12% • 5Y: - • AUM: Rs 18,630 cr
4.7 +11.28% +12.12% - +0.12% 0.93 1.77% 97.4% 97.4% Rs 18,630 cr
#15
BB
Baroda BNP Paribas Mutual Fund
3Y: +11.35% • 5Y: - • AUM: Rs 1,286 cr
3.5 +7.55% +11.35% - -0.18% 0.86 2.45% 84.9% 81.9% Rs 1,286 cr
#16
UT
UTI Mutual Fund
3Y: +11.21% • 5Y: +11.63% • AUM: Rs 5,285 cr
4.2 +2.67% +11.21% +11.63% -0.34% 0.85 2.01% 87.8% 86.9% Rs 5,285 cr
#17
SB
SBI Mutual Fund
3Y: +10.47% • 5Y: +10.92% • AUM: Rs 41,354 cr
4.2 +5.23% +10.47% +10.92% -0.27% 0.70 1.60% 77.5% 75.4% Rs 41,354 cr
#18
CR
Canara Robeco Mutual Fund
3Y: +9.78% • 5Y: +11.04% • AUM: Rs 13,953 cr
3.8 +2.14% +9.78% +11.04% -1.71% 0.84 1.89% 81.2% 83.1% Rs 13,953 cr
#19
QU
Quantum Mutual Fund
3Y: +9.16% • 5Y: - • AUM: Rs 264 cr
3.8 +3.07% +9.16% - -1.39% 0.70 2.31% 75.5% 72.7% Rs 264 cr
#20
TA
Tata Mutual Fund
3Y: +8.21% • 5Y: +10.71% • AUM: Rs 12,684 cr
3.7 -2.72% +8.21% +10.71% -3.29% 0.87 1.69% 83.5% 90.7% Rs 12,684 cr
#21
TR
Trust Mutual Fund
3Y: - • 5Y: - • AUM: Rs 4,215 cr
6.6 +22.19% - - +15.52% 0.90 2.83% 124.0% 76.9% Rs 4,215 cr
#22
MO
Motilal Oswal Mutual Fund
3Y: - • 5Y: - • AUM: Rs 8,735 cr
6.4 +19.00% - - +12.74% 0.90 1.91% 134.8% 100.0% Rs 8,735 cr
#23
BF
Bajaj Finserv Mutual Fund
3Y: - • 5Y: - • AUM: Rs 2,875 cr
4.8 +12.58% - - +7.08% 0.91 2.38% 112.6% 91.0% Rs 2,875 cr
#24
JF
JM Financial Mutual Fund
3Y: - • 5Y: - • AUM: Rs 916 cr
3.5 +11.50% - - +6.77% 1.10 2.56% 137.9% 127.5% Rs 916 cr
#25
MA
Mirae Asset Mutual Fund
3Y: - • 5Y: - • AUM: Rs 6,049 cr
3.2 +5.75% - - +0.52% 0.86 - 89.6% 89.8% Rs 6,049 cr
-
HE
Helios Mutual Fund
3Y: - • 5Y: - • AUM: Rs 2,056 cr
6.2 - - - - - 2.34% - - Rs 2,056 cr
-
GR
Groww Mutual Fund
3Y: - • 5Y: - • AUM: Rs 1,094 cr
6.3 - - - - - 2.63% - - Rs 1,094 cr
-
AB
Abakkus Mutual Fund
3Y: - • 5Y: - • AUM: Rs 3,647 cr
6.6 - - - - - 2.44% - - Rs 3,647 cr
-
TW
The Wealth Company Mutual Fund
3Y: - • 5Y: - • AUM: Rs 158 cr
5.5 - - - - - 3.60% - - Rs 158 cr
-
CA
Carnelian Mutual Fund
3Y: - • 5Y: - • AUM: -
- - - - - - - - - -

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Frequently Asked Questions about Small Cap Funds

What investment mandate defines Small Cap funds?

Funds investing at least 65% in companies beyond top 250 by market cap, targeting high growth with higher volatility.

Which is the highest-ranked Small Cap fund?

The top fund in this category is BANDHAN SMALL CAP FUND with a 3Y CAGR of +21.17% and an MFIQ Score of 7.8/10.

What is the median expense ratio for Small Cap funds?

Across regular growth options in this category, the median total expense ratio (TER) is 2.17%.