Small Cap Funds 2026: returns, expense ratio & AUM
Data as of 2026-11-03
Small cap funds invest at least 65 percent in small companies, defined by SEBI as those ranked 251st and below by market capitalisation. These businesses can grow fast but their share prices are usually more volatile and less liquid than large companies.
The table below lists small cap funds using official AMFI NAV data stored by Quantsgrow, showing Direct Growth plans by default (switch to Regular to see distributor plans, which carry higher expenses). Returns over 3 and 5 years are annualised (CAGR). You can sort by 1Y, 3Y or 5Y return, expense ratio or AUM. Open a fund for its NAV chart, risk ratios and category rank. This is not a recommendation; past returns do not guarantee future returns.
| Fund | 1Y | 3Y CAGR | 5Y CAGR | Expense % | AUM ₹ Cr | Risk | NAV ₹ |
|---|---|---|---|---|---|---|---|
| BANDHAN Small Cap Fund | +2.59% | +21.98% | +18.11% | 0.66 | 35,679 | Very High | 54.13 |
| ITI Small Cap Fund | +12.29% | +21.81% | +16.63% | 0.84 | 3,620 | Very High | 36.5 |
| Invesco India Small Cap Fund | +8.71% | +20.14% | +18.10% | 0.64 | 16,545 | Very High | 52.23 |
| BANK OF INDIA SMALL CAP FUND | +18.05% | +18.84% | +18.07% | 0.84 | 3,719 | Very High | 62.79 |
| Mahindra Manulife Small Cap Fund | +8.28% | +18.10% | – | 0.9 | 5,253 | Very High | 22.84 |
| Quant Small Cap Fund | +5.77% | +16.29% | +16.48% | 0.98 | 33,804 | Very High | 300.51 |
| LIC MF Small Cap Fund | +9.29% | +16.26% | – | 1.32 | 816 | Very High | 37.65 |
| DSP Small Cap Fund | +10.93% | +16.10% | +15.68% | 0.84 | 20,444 | Very High | 240.87 |
| Union Small Cap Fund | +12.62% | +14.75% | +15.65% | 1.03 | 2,653 | Very High | 63.39 |
| PGIM India Small Cap Fund | +6.48% | +14.61% | +11.20% | 0.93 | 1,683 | Very High | 19.32 |
| Aditya Birla Sun Life Small Cap Fund | +8.71% | +14.08% | +12.17% | 1.07 | 5,916 | Very High | 109.2 |
| Sundaram Small Cap Fund | +4.02% | +13.94% | +14.12% | 0.96 | 3,894 | Very High | 310.59 |
| Axis Small Cap Fund | +2.56% | +13.42% | +14.14% | 0.7 | 29,232 | Very High | 129.24 |
| Edelweiss Small Cap Fund | +0.89% | +13.21% | +14.56% | 0.63 | 6,769 | Very High | 49.87 |
| Nippon India Small Cap Fund | +1.70% | +13.19% | +16.84% | 0.69 | 77,995 | Very High | 196.56 |
| UTI Small Cap Fund | -1.75% | +12.37% | +12.93% | 1.05 | 5,076 | Very High | 28.12 |
| Baroda BNP Paribas Small Cap Fund | +2.73% | +11.41% | – | 1.21 | 1,223 | Very High | 13.99 |
| Kotak Small Cap Fund | -1.13% | +10.99% | +10.42% | 0.65 | 17,907 | Very High | 306 |
| SBI SMALL CAP FUND | +0.49% | +10.75% | +11.69% | 0.8 | 39,782 | Very High | 201.83 |
| Canara Robeco Small Cap Fund | -2.76% | +10.17% | +12.12% | 0.74 | 13,302 | Very High | 42.49 |
| Franklin India Small Cap Fund | -3.92% | +9.88% | +13.14% | 1.06 | 13,443 | Very High | 187.57 |
| ICICI Prudential Small Cap Fund | -2.31% | +9.86% | +11.70% | 1.18 | 9,243 | Very High | 97.68 |
| HDFC Small Cap Fund | -8.21% | +9.27% | +12.91% | 0.79 | 39,461 | Very High | 150.22 |
| Tata Small Cap Fund | -8.52% | +8.58% | +11.71% | 0.51 | 12,019 | Very High | 40.55 |
| Sundaram Small Cap Fund | -2.45% | +6.39% | +6.36% | 0.96 | 3,894 | Very High | 38.28 |
| Abakkus Small Cap Fund | – | – | – | 1.14 | 3,384 | Very High | 11.73 |
| Motilal Oswal Small Cap Fund | +12.20% | – | – | 0.86 | 8,168 | Very High | 16.69 |
| Samco Small Cap Fund | – | – | – | 1.92 | 276 | Very High | 12.16 |
| Mirae Asset Small Cap Fund | +0.41% | – | – | 0.68 | 5,697 | Very High | 12.17 |
| Bajaj Finserv Small Cap Fund | +8.74% | – | – | 1.01 | 2,768 | Very High | 10.81 |
| JM Small Cap Fund | +5.72% | – | – | 1.01 | 871 | Very High | 11.27 |
| Helios Small Cap Fund | – | – | – | 0.85 | 1,925 | Very High | 11.14 |
| Groww Small Cap Fund | – | – | – | 1.01 | 1,033 | Very High | 12.36 |
| Groww Small Cap Fund | – | – | – | 1.01 | 1,033 | Very High | 12.36 |
| TRUSTMF SMALL CAP FUND | +19.59% | – | – | 1.46 | 3,976 | Very High | 13.35 |
| The Wealth Company Small Cap Fund | – | – | – | 1.67 | 148 | Very High | 11.17 |
| QUANTUM SMALL CAP FUND | +0.31% | – | – | 0.83 | 250 | Very High | 13.22 |
Frequently asked questions
Which is the best small cap fund?
There is no single best fund for everyone. Compare small cap funds on 3Y and 5Y returns against the category average, how consistent those returns have been, the expense ratio, fund size (AUM) and risk level, and match them to your goal and time horizon. The table ranks by data only. This is not a recommendation; past returns do not guarantee future returns.
What is a small cap fund?
An equity fund that invests at least 65% in companies ranked 251 and below by market cap.
Are small cap funds risky?
They are usually more volatile than large and mid cap funds and suit longer holding periods.
Direct or Regular plan: what is the difference?
Both invest in the same portfolio. Direct plans have no distributor commission, so their expense ratio is lower and returns are slightly higher.
Where does the data come from?
AMFI daily NAVs, AMFI expense ratio and AUM disclosures, processed by Quantsgrow each night.
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