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Best Small Cap mutual funds

36 funds in this category, ranked by 3-year rolling CAGR.

#Fund3Y CAGRAMCAUM
#1Bandhan Small Cap Fund31.3%Bandhan AMC Limited₹35,709.758 Cr
#2BANK OF INDIA Small Cap Fund29.7%Bank of India Investment Managers Private Limited₹3,675.46 Cr
#3Canara Robeco Small Cap Fund29.5%Canara Robeco Asset Management Company Limited₹13,224.662 Cr
#4Tata Small Cap Fund-29.3%Tata Asset Management Limited₹12,302.97 Cr
#5Invesco India Small Cap Fund28.5%Invesco Asset Management (India) Private Limited₹15,891.85 Cr
#6Edelweiss Small Cap Fund28.4%Edelweiss Asset Management Limited₹6,715.782 Cr
#7ITI Small Cap Fund26.6%ITI Asset Management Limited₹3,512.75 Cr
#8Nippon India Small Cap Fund25.6%Nippon Life India Asset Management Limited₹77,271.195 Cr
#9Mahindra Manulife Small Cap Fund24.2%Mahindra Manulife Investment Management Pvt Ltd₹5,132.03 Cr
#10DSP Small Cap Fund23.3%DSP Asset Managers Private Limited₹20,315.232 Cr
#11SBI Small Cap Fund22.5%SBI Funds Management Limited₹39,150.156 Cr
#12Franklin India Small Cap Fund21.7%Franklin Templeton Asset Management (India) Private Limited₹13,573.56 Cr
#13Sundaram Small Cap Fund21.2%Sundaram Asset Management Company Ltd₹3,892.14 Cr
#14HDFC Small Cap Fund21.2%HDFC Asset Management Company Limited₹39,527.9 Cr
#15Kotak-Small Cap Fund20.6%Kotak Mahindra Asset Management Company Limited.₹18,513.406 Cr
#16UTI Small Cap Fund20.3%UTI Asset Mgmt. Co. Ltd.₹5,027.195 Cr
#17Axis Small Cap Fund19.7%Axis Asset Management Co. Ltd.₹29,487.293 Cr
#18Aditya Birla Sun Life Small Cap Fund19.3%Aditya Birla Sun Life AMC Limited₹5,797.145 Cr
#19LIC MF Small Cap Fund-18.8%LIC Mutual Fund Asset Management Limited₹798.269 Cr
#20Union Small Cap Fund18.3%Union Asset Management Company Private Limited₹2,616.538 Cr
#21quant Small Cap Fund18.1%quant Money Managers Limited₹34,739.656 Cr
#22ICICI Prudential Small Cap Fund18.0%ICICI Prudential Asset Management Company Limited₹9,245.459 Cr
#23HSBC Small Cap Fund17.5%HSBC Asset Management (India) Private Ltd.₹17,336.938 Cr
#24PGIM India Small Cap Fund15.9%PGIM India Asset Management Private Limite₹1,667.367 Cr

Not yet ranked

12 funds too recently launched for a full 3-year CAGR - listed for reference, not ranked.

Punji tracks 36 Small Cap Fund funds from 0 AMCs, together managing roughly ₹4,44,357.877 Cr in assets. Across the 24 funds with a full 3-year track record, the average 3-year rolling CAGR is 22.9%. Bandhan Small Cap Fund leads the category at 31.3% 3Y CAGR.

Figures here are computed directly from each fund's own NAV history and AUM - not survivor-biased averages from a fact sheet - so a fund that merged, closed, or changed category drops out of the comparison rather than skewing it. Click any fund in the table for its full return history, expense ratio, holdings, and risk profile, or jump to a specific AMC's Small Cap Fund funds below.

Small Cap Fund is one of the standardized scheme categories SEBI mandated in its 2017 product categorization circular, so every AMC's Small Cap Fund fund follows the same investment-mandate rules - the same broad universe of permitted holdings, the same category-level restrictions - which is what makes a ranking across 0 different AMCs a genuine like-for-like comparison rather than an apples-to-oranges one. A fund's position here moves as new NAV data comes in or as AMCs launch or close schemes in the category, so treat it as a point-in-time snapshot, not a fixed league table.

Category alone doesn't tell you a fund's risk level or whether it's the right fit for your own time horizon - two Small Cap Fund funds can take meaningfully different approaches within the same mandate (concentration, turnover, credit quality for debt categories) and end up with very different risk profiles despite sharing a label. Use the Riskometer rating and risk metrics (Sharpe Ratio, Max Drawdown, Standard Deviation) shown on each fund's own page alongside this category-level ranking, not instead of it.