# Small Cap funds

At least 65% in small companies, those ranked 251st and below by market value.

Full page: https://discovermf.com/categories/small-cap
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

36 funds managing ₹4.45 lakh cr. Category averages: +3.0% over one year, +12.5% a year over three years; typical expense ratio 2.06%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Bandhan Small Cap Fund](https://discovermf.com/funds/bandhan-small-cap-fund-147944.md) | +0.8% | +20.1% | +16.7% | 16.3% | 1.74% | ₹35,679 cr |
| [ITI Small Cap Fund](https://discovermf.com/funds/iti-small-cap-fund-147920.md) | +10.3% | +19.8% | +14.8% | 18.5% | 2.20% | ₹3,620 cr |
| [Invesco India Small Cap Fund](https://discovermf.com/funds/invesco-india-small-cap-fund-145139.md) | +7.3% | +18.3% | +16.7% | 17.4% | 1.84% | ₹16,545 cr |
| [Bank of India Small Cap Fund](https://discovermf.com/funds/bank-of-india-small-cap-fund-145677.md) | +16.0% | +16.9% | +16.5% | 17.7% | 2.25% | ₹3,719 cr |
| [Mahindra Manulife Small Cap Fund](https://discovermf.com/funds/mahindra-manulife-small-cap-fund-150912.md) | +6.9% | +16.3% | — | 17.6% | 2.17% | ₹5,253 cr |
| [Quant Small Cap Fund](https://discovermf.com/funds/quant-small-cap-fund-100177.md) | +5.0% | +15.2% | +15.5% | 16.3% | 1.66% | ₹33,804 cr |
| [DSP Small Cap Fund](https://discovermf.com/funds/dsp-small-cap-fund-105989.md) | +9.5% | +15.0% | +14.8% | 16.7% | 1.71% | ₹20,444 cr |
| [LIC MF Small Cap Fund](https://discovermf.com/funds/lic-mf-small-cap-fund-152003.md) | +7.7% | +15.0% | — | 18.3% | 2.64% | ₹816 cr |
| [Union Small Cap Fund](https://discovermf.com/funds/union-small-cap-fund-129647.md) | +11.4% | +13.5% | +14.6% | 19.3% | 2.18% | ₹2,653 cr |
| [PGIM India Small Cap Fund](https://discovermf.com/funds/pgim-india-small-cap-fund-149020.md) | +5.9% | +13.2% | +9.6% | 16.0% | 2.36% | ₹1,683 cr |
| [Aditya Birla Sun Life Small Cap Fund](https://discovermf.com/funds/aditya-birla-sun-life-small-cap-fund-105804.md) | +7.2% | +12.9% | +11.2% | 17.5% | 2.00% | ₹5,916 cr |
| [Sundaram Small Cap Fund](https://discovermf.com/funds/sundaram-small-cap-fund-100795.md) | +3.1% | +12.6% | +13.1% | 17.7% | 2.02% | ₹3,894 cr |
| [Nippon India Small Cap Fund](https://discovermf.com/funds/nippon-india-small-cap-fund-113177.md) | +0.8% | +12.2% | +16.1% | 16.1% | 1.41% | ₹77,995 cr |
| [Axis Small Cap Fund](https://discovermf.com/funds/axis-small-cap-fund-125350.md) | +1.3% | +12.0% | +13.0% | 15.5% | 1.68% | ₹29,232 cr |
| [Edelweiss Small Cap Fund](https://discovermf.com/funds/edelweiss-small-cap-fund-146193.md) | -1.0% | +11.3% | +13.0% | 16.5% | 1.95% | ₹6,769 cr |
| [HSBC Small Cap Fund](https://discovermf.com/funds/hsbc-small-cap-fund-151133.md) | +3.2% | +11.1% | — | 18.5% | 1.78% | ₹17,514 cr |
| [UTI Small Cap Fund](https://discovermf.com/funds/uti-small-cap-fund-148617.md) | -3.2% | +10.8% | +11.5% | 16.8% | 2.02% | ₹5,076 cr |
| [Baroda BNP Paribas Small Cap Fund](https://discovermf.com/funds/baroda-bnp-paribas-small-cap-fund-152130.md) | +1.4% | +10.1% | — | 16.1% | 2.45% | ₹1,223 cr |
| [SBI Small Cap Fund](https://discovermf.com/funds/sbi-small-cap-fund-125494.md) | -0.4% | +9.8% | +10.8% | 14.8% | 1.60% | ₹39,782 cr |
| [Kotak Small Cap Fund](https://discovermf.com/funds/kotak-small-cap-fund-102875.md) | -2.4% | +9.7% | +9.2% | 16.2% | 1.72% | ₹17,907 cr |
| [Canara Robeco Small Cap Fund](https://discovermf.com/funds/canara-robeco-small-cap-fund-146127.md) | -4.2% | +8.7% | +10.7% | 16.5% | 1.89% | ₹13,302 cr |
| [ICICI Prudential Small Cap Fund](https://discovermf.com/funds/icici-prudential-small-cap-fund-106823.md) | -2.6% | +8.7% | +10.6% | 15.0% | 2.09% | ₹9,243 cr |
| [Franklin India Small Cap Fund](https://discovermf.com/funds/franklin-india-small-cap-fund-103360.md) | -5.2% | +8.7% | +12.2% | 17.0% | 1.87% | ₹13,443 cr |
| [Quantum Small Cap Fund](https://discovermf.com/funds/quantum-small-cap-fund-152108.md) | -1.1% | +8.1% | — | 16.5% | 2.31% | ₹250 cr |
| [HDFC Small Cap Fund](https://discovermf.com/funds/hdfc-small-cap-fund-130502.md) | -9.8% | +8.0% | +11.9% | 15.4% | 1.57% | ₹39,461 cr |
| [Tata Small Cap Fund](https://discovermf.com/funds/tata-small-cap-fund-145208.md) | -9.5% | +7.2% | +10.3% | 18.3% | 1.70% | ₹12,019 cr |
| [Abakkus Small Cap Fund](https://discovermf.com/funds/abakkus-small-cap-fund-154214.md) | — | — | — | 14.4% | 2.45% | ₹3,384 cr |
| [Bajaj Finserv Small Cap Fund](https://discovermf.com/funds/bajaj-finserv-small-cap-fund-153609.md) | +6.4% | — | — | 17.4% | 2.39% | ₹2,768 cr |
| [Groww Small Cap Fund](https://discovermf.com/funds/groww-small-cap-fund-154102.md) | — | — | — | 17.9% | 2.65% | ₹1,033 cr |
| [Helios Small Cap Fund](https://discovermf.com/funds/helios-small-cap-fund-153909.md) | — | — | — | 18.4% | 2.35% | ₹1,925 cr |
| [JM Small Cap Fund](https://discovermf.com/funds/jm-small-cap-fund-152612.md) | +3.8% | — | — | 21.0% | 2.57% | ₹871 cr |
| [Mirae Asset Small Cap Fund](https://discovermf.com/funds/mirae-asset-small-cap-fund-153198.md) | -1.0% | — | — | 16.1% | 2.10% | ₹5,697 cr |
| [Motilal Oswal Small Cap Fund](https://discovermf.com/funds/motilal-oswal-small-cap-fund-152232.md) | +10.2% | — | — | 17.4% | 1.91% | ₹8,168 cr |
| [Samco Small Cap Fund](https://discovermf.com/funds/samco-small-cap-fund-153869.md) | — | — | — | 17.9% | 3.36% | ₹276 cr |
| [TrustMF Small Cap Fund](https://discovermf.com/funds/trustmf-small-cap-fund-152940.md) | +16.9% | — | — | 17.8% | 2.84% | ₹3,976 cr |
| [The Wealth Company Small Cap Fund](https://discovermf.com/funds/the-wealth-company-small-cap-fund-154268.md) | — | — | — | 15.3% | 3.60% | ₹148 cr |

## Questions

### How many Small Cap funds are there?

36 funds, managing ₹4.45 lakh cr between them as of 3 Nov 2026. The largest is Nippon India Small Cap Fund, at ₹77,995 cr.

### What return have Small Cap funds given?

The average Small Cap fund returned +3.0% over the last year, +12.5% a year over three years, +13.0% a year over five years. Over the last year the funds ranged from -9.8% to +16.9%. Past returns do not tell you future returns.

### Which Small Cap fund has the lowest expense ratio?

Nippon India Small Cap Fund, at 1.41% a year, against 2.06% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Small Cap fund has the highest three-year return?

Bandhan Small Cap Fund, at +20.1% a year over the last three years, against +12.5% for the average fund. Past returns do not tell you future returns.

### How risky are Small Cap funds?

Their volatility over the last year averaged 16.9%: the higher it is, the more the price swings from day to day. All of them carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.