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Best Small Cap Mutual Funds 2025

Small cap funds invest in companies beyond Top 250 according to average market capitalisation (Rs 10 Crore – Rs 500 Crore). Minimum investment in Equity & Equity-related instruments of Small-Cap companies is 65% of total assets.
Decizen Rating (Understand the Method): P: Performance, Q: Quality
Compare Funds

Fund Name
a
NAV (Rs.)
AUM (Cr.)
Returns Since
inception (%)
Returns

Past

Avg Rolling
Bank of India Small Cap Fund(G)-Direct Plan
Bank of India Small Cap Fund(G)-Direct Plan
54.28
1,908
29.3
19 Dec' 18
2.36
26.96
35.08
N/A
36.35
33.67
35.99
N/A
Canara Rob Small Cap Fund(G)-Direct Plan
Canara Rob Small Cap Fund(G)-Direct Plan
44.73
13,104
26.3
15 Feb' 19
1.66
22.43
34.12
N/A
34.04
32.60
33.83
N/A
Tata Small Cap Fund(G)-Direct Plan
Tata Small Cap Fund(G)-Direct Plan
47.36
11,164
26.2
12 Nov' 18
4.5
27.44
33.71
N/A
32.44
32.39
32.75
N/A
Edelweiss Small Cap Fund(G)-Direct Plan
Edelweiss Small Cap Fund(G)-Direct Plan
50.37
4,930
28.5
07 Feb' 19
5.21
27.32
34.51
N/A
33.88
31.81
33.74
N/A
Tata Small Cap Fund-Reg(G)
Tata Small Cap Fund-Reg(G)
42.17
11,164
24
12 Nov' 18
4.5
27.44
33.71
N/A
30.19
30.08
30.48
N/A
Nippon India Small Cap Fund(G)-Direct Plan
Nippon India Small Cap Fund(G)-Direct Plan
196.53
66,602
25.8
01 Jan' 13
2.14
30.49
38.15
22.72
26.50
26.36
24.20
25.31
Nippon India Small Cap Fund(G)
Nippon India Small Cap Fund(G)
175.40
66,602
21.3
16 Sep' 10
2.14
30.49
38.15
22.72
25.31
25.74
23.97
22.57
DSP Small Cap Fund(G)-Direct Plan
DSP Small Cap Fund(G)-Direct Plan
225.46
17,126
22.5
01 Jan' 13
9.58
26.45
32.86
17.44
21.93
22.45
19.72
21.05
HSBC Small Cap Fund(G)-Direct Plan
HSBC Small Cap Fund(G)-Direct Plan
94.71
16,909
22.2
12 May' 14
-1.18
27.07
35.3
20.05
24.53
21.46
18.99
21.35
HSBC Small Cap Fund(G)-Direct Plan
HSBC Small Cap Fund(G)-Direct Plan
94.71
16,909
22.2
12 May' 14
-1.18
27.07
35.3
20.05
24.53
21.46
18.99
21.35
HSBC Small Cap Fund-Reg(G)
HSBC Small Cap Fund-Reg(G)
85.24
16,909
21.1
12 May' 14
-1.18
27.07
35.3
20.05
23.35
20.28
17.81
20.18
HSBC Small Cap Fund-Reg(G)
HSBC Small Cap Fund-Reg(G)
85.24
16,909
21.1
12 May' 14
-1.18
27.07
35.3
20.05
23.35
20.28
17.81
20.18
Bank of India Small Cap Fund-Reg(G)
Bank of India Small Cap Fund-Reg(G)
48.66
1,908
27.2
19 Dec' 18
2.36
26.96
35.08
N/A
34.10
31.47
33.76
N/A
Invesco India Smallcap Fund(G)-Direct Plan
Invesco India Smallcap Fund(G)-Direct Plan
47.94
7,425
26.3
30 Oct' 18
11.11
32.04
34.09
N/A
31.75
30.25
31.55
N/A
Edelweiss Small Cap Fund-Reg(G)
Edelweiss Small Cap Fund-Reg(G)
45.57
4,930
26.5
07 Feb' 19
5.21
27.32
34.51
N/A
31.79
29.72
31.64
N/A
Kotak Small Cap Fund(G)-Direct Plan
Kotak Small Cap Fund(G)-Direct Plan
317.93
18,031
20.6
01 Jan' 13
0.74
21.86
33.08
18.7
23.36
22.31
21.11
21.66
LIC MF Small Cap Fund(G)-Direct Plan
LIC MF Small Cap Fund(G)-Direct Plan
35.30
605
16.9
21 Jun' 17
-2.95
24.54
32.32
N/A
21.54
22.31
22.41
N/A
LIC MF Small Cap Fund(G)-Direct Plan
LIC MF Small Cap Fund(G)-Direct Plan
35.30
605
16.9
21 Jun' 17
-2.95
24.54
32.32
N/A
21.54
22.31
22.41
N/A
DSP Small Cap Fund-Reg(G)
DSP Small Cap Fund-Reg(G)
205.21
17,126
18.2
14 Jun' 07
9.58
26.45
32.86
17.44
20.99
22.30
20.82
20.12
HDFC Small Cap Fund(G)-Direct Plan
HDFC Small Cap Fund(G)-Direct Plan
163.90
35,781
20.4
01 Jan' 13
6.17
29.55
34.51
19.66
23.10
21.08
19.60
20.40
HDFC Small Cap Fund(G)-Direct Plan
HDFC Small Cap Fund(G)-Direct Plan
163.90
35,781
20.4
01 Jan' 13
6.17
29.55
34.51
19.66
23.10
21.08
19.60
20.40
Franklin India Small Cap Fund(G)-Direct Plan
Franklin India Small Cap Fund(G)-Direct Plan
202.96
13,995
21.7
01 Jan' 13
-2.34
30.12
34.86
16.75
21.46
21.03
18.19
19.56
Franklin India Small Cap Fund(G)-Direct Plan
Franklin India Small Cap Fund(G)-Direct Plan
202.96
13,995
21.7
01 Jan' 13
-2.34
30.12
34.86
16.75
21.46
21.03
18.19
19.56
Kotak Small Cap Fund(G)
Kotak Small Cap Fund(G)
270.97
18,031
17.6
24 Feb' 05
0.74
21.86
33.08
18.7
21.66
20.88
19.55
17.00
Franklin India Small Cap Fund(G)
Franklin India Small Cap Fund(G)
179.33
13,995
15.9
13 Jan' 06
-2.34
30.12
34.86
16.75
20.21
20.62
19.45
18.23
Franklin India Small Cap Fund(G)
Franklin India Small Cap Fund(G)
179.33
13,995
15.9
13 Jan' 06
-2.34
30.12
34.86
16.75
20.21
20.62
19.45
18.23
Bandhan Small Cap Fund(G)-Direct Plan
Bandhan Small Cap Fund(G)-Direct Plan
52.78
12,982
36.1
25 Feb' 20
14.8
35.26
36.43
N/A
42.08
31.79
37.35
N/A
Canara Rob Small Cap Fund-Reg(G)
Canara Rob Small Cap Fund-Reg(G)
40.49
13,104
24.3
15 Feb' 19
1.66
22.43
34.12
N/A
31.96
30.50
31.76
N/A
Bandhan Small Cap Fund-Reg(G)
Bandhan Small Cap Fund-Reg(G)
48.38
12,982
33.9
25 Feb' 20
14.8
35.26
36.43
N/A
39.79
29.69
35.16
N/A
Invesco India Smallcap Fund-Reg(G)
Invesco India Smallcap Fund-Reg(G)
43.27
7,425
24.4
30 Oct' 18
11.11
32.04
34.09
N/A
29.75
28.26
29.56
N/A
ITI Small Cap Fund(G)-Direct Plan
ITI Small Cap Fund(G)-Direct Plan
32.65
2,641
24.4
17 Feb' 20
3.87
33.19
28.58
N/A
34.86
27.08
30.47
N/A
SBI Small Cap Fund(G)-Direct Plan
SBI Small Cap Fund(G)-Direct Plan
204.90
35,696
24.7
01 Jan' 13
0.34
21.92
29.25
20
23.96
24.96
23.56
24.29
ITI Small Cap Fund-Reg(G)
ITI Small Cap Fund-Reg(G)
29.42
2,641
22
17 Feb' 20
3.87
33.19
28.58
N/A
32.27
24.64
27.99
N/A
SBI Small Cap Fund-Reg(G)
SBI Small Cap Fund-Reg(G)
179.06
35,696
19.9
09 Sep' 09
0.34
21.92
29.25
20
22.57
24.36
23.54
22.00
SBI Small Cap Fund-Reg(G)
SBI Small Cap Fund-Reg(G)
179.06
35,696
19.9
09 Sep' 09
0.34
21.92
29.25
20
22.57
24.36
23.54
22.00
Axis Small Cap Fund(G)-Direct Plan
Axis Small Cap Fund(G)-Direct Plan
127.07
26,379
24.4
29 Nov' 13
9.02
24.84
31.31
20.07
22.12
21.75
21.39
21.46
Axis Small Cap Fund(G)-Direct Plan
Axis Small Cap Fund(G)-Direct Plan
127.07
26,379
24.4
29 Nov' 13
9.02
24.84
31.31
20.07
22.12
21.75
21.39
21.46
Quant Small Cap Fund(G)-direct Plan
Quant Small Cap Fund(G)-direct Plan
287.66
29,629
18.5
07 Jan' 13
-1.93
31.64
44.88
21.3
27.08
21.17
20.21
19.57
Quant Small Cap Fund(G)-direct Plan
Quant Small Cap Fund(G)-direct Plan
287.66
29,629
18.5
07 Jan' 13
-1.93
31.64
44.88
21.3
27.08
21.17
20.21
19.57
LIC MF Small Cap Fund(G)
LIC MF Small Cap Fund(G)
31.54
605
15.3
21 Jun' 17
-2.95
24.54
32.32
N/A
20.06
20.94
21.02
N/A
LIC MF Small Cap Fund(G)
LIC MF Small Cap Fund(G)
31.54
605
15.3
21 Jun' 17
-2.95
24.54
32.32
N/A
20.06
20.94
21.02
N/A
Axis Small Cap Fund-Reg(G)
Axis Small Cap Fund-Reg(G)
109.98
26,379
22.9
29 Nov' 13
9.02
24.84
31.31
20.07
20.58
20.19
19.81
19.92
Axis Small Cap Fund-Reg(G)
Axis Small Cap Fund-Reg(G)
109.98
26,379
22.9
29 Nov' 13
9.02
24.84
31.31
20.07
20.58
20.19
19.81
19.92
HDFC Small Cap Fund-Reg(G)
HDFC Small Cap Fund-Reg(G)
144.16
35,781
16.7
03 Apr' 08
6.17
29.55
34.51
19.66
21.77
19.86
17.91
17.18
HDFC Small Cap Fund-Reg(G)
HDFC Small Cap Fund-Reg(G)
144.16
35,781
16.7
03 Apr' 08
6.17
29.55
34.51
19.66
21.77
19.86
17.91
17.18
Quant Small Cap Fund(G)
Quant Small Cap Fund(G)
264.79
29,629
12.5
16 Oct' 96
-1.93
31.64
44.88
21.3
26.05
19.74
16.84
12.85
Quant Small Cap Fund(G)
Quant Small Cap Fund(G)
264.79
29,629
12.5
16 Oct' 96
-1.93
31.64
44.88
21.3
26.05
19.74
16.84
12.85
Quant Small Cap Fund(G)
Quant Small Cap Fund(G)
264.79
29,629
12.5
16 Oct' 96
-1.93
31.64
44.88
21.3
26.05
19.74
16.84
12.85
Sundaram Small Cap Fund(G)-Direct Plan
Sundaram Small Cap Fund(G)-Direct Plan
296.31
3,439
18.7
02 Jan' 13
5.34
26.37
32.49
15.24
19.31
18.94
16.26
17.52
Sundaram Small Cap Fund(G)-Direct Plan
Sundaram Small Cap Fund(G)-Direct Plan
296.31
3,439
18.7
02 Jan' 13
5.34
26.37
32.49
15.24
19.31
18.94
16.26
17.52
*Based on the Fund’s Ranking within its Category
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Fund House (AMC): Aditya Birla Axis BNP Paribas DSP Franklin HDFC ICICI Bandhan Invesco Kotak L&T
Mirae Motilal PPFAS Quantum Nippon SBI Sundaram Tata UTI NAVI
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FAQ's
Small Cap mutual funds invest a minimum of 65% of their portfolio in small cap companies. This includes companies with a market capitalization of less than 5000 Cr or the 251st company onwards, according to SEBI classification of market capitalization.
Only investors with a longer term time frame of more than 7 years should look to invest in Small cap mutual funds. Also, remember all your small-mid cap investment put together should not be more than 20-30% of your portfolio.

For details read, ‘How to achieve the right diversification in Mutual Funds?’

Once you login to your profile, MoneyWorks4me's Decision Maker provides you all the key info necessary to help you make an informed decision.

Funds that hold a reasonable proportion of good quality companies are colour coded Green, while those with a higher percentage of companies marked as "risky" are shown in RED. Similarly, funds with a good return consistency are indicated as Green, while those with poor return consistency are coded Red.

More info in the video below:

Fund Name Nav (Rs.) AUM (Cr.) Returns Since Inception Past Returns 5 Yr Avg Rolling Returns Quality Performance
SBI Small Cap Fund 75.93 6,594 19.4 19.63 24.29 Risky Very Good
Nippon India Small Cap Fund 54.76 10,637 17.8 17.63 22.94 Risky Very Good
DSP Small Cap Fund 74.20 5,812 15.8 13.56 20.21 Risky Very Good
Franklin India Smaller Companies Fund 64.50 6,216 13.2 11.79 17.02 Risky Very Good
HDFC Small Cap Fund 51.34 9,069 13.6 15.88 15.65 Risky Somewhat Good
Aditya Birla Sun Life Small Cap Fund 39.49 2,310 10.5 11.07 15.03 Risky Very Good
Sundaram Small Cap Fund 99.79 1,208 15.5 9.44 14.05 Risky Not Good
Kotak Small Cap Fund 110.56 2,539 16.2 17.65 13.93 Risky Very Good
AXIS Small Cap Fund 42.08 3,632 22.1 17.38 13.60 Risky Somewhat Good
ICICI Prudential Smallcap Fund 35.08 1,778 9.91 13.89 12.74 Risky Not Good
Capital gains received within a one-year holding a mutual fund is known as short-term capital gains or STCG, which is taxed at a rate of 15 per cent. Long-term capital gains (LTCG), or a capital gains realised after a holding period of over a year, are exempt up to an amount of Rs 1 lakh. Over Rs 1 lakh, the gains will be taxed at 10 per cent.
Advantages:
  1. High Returns: Small cap companies have higher growth potential than their mid/large cap counterparts. High growth often translates to higher stock price appreciation.
  2. Relatively Low Risk: Investing in small cap fund is a very good method to gain exposure to the space without taking on the risk of investing in individual stocks.
  3. Professional help: Experienced fund managers managing your money further reduce the chances of you losing your hard earned money.
Disadvantages:
  1. Volatility: Small cap funds come with a certain risk owing to its highly volatile nature. This is in contrast to large cap or multi cap funds that are relatively more stable.
  2. Long periods of underperformance: Small cap stocks and thereby the funds that own them too are often plagued with long periods of underperformance.
MoneyWorks4me empowers retail investors to find the right Small Cap Mutual Fund best suited for your portfolio, all through its amazing free features. So register now at MoneyWorks4me.com
Every fund is assessed on the following:
  1. Consistent Outperformers : Track record of having generated returns above a benchmark on a 3-year rolling basis. Consistent performers are Green, followed by Orange. Red have an inconsistent track record on outperforming the index.
  2. The average 3-year rolling returns number appears in the first button.
  3. Quality of Portfolio is assessed based on the quality of each stock held. Predominantly high quality stocks get a Green second button, followed by Orange and Red (large amount of risky stocks).
  4. Upside Potential: Every fund is assessed on what returns it could deliver in the next 5 years based on it.
Select the fund that is Green on Performance which shows it has consistently outperformed the index. Select one with a high average 3-year rolling returns - the number in the first button. And select one with a Green rating on Quality-the second button.
Use the Funds Screener and select the category. It shows the funds with Green on Performance and Quality right on the top. The ones with the higher average 3-year rolling returns are ranked the highest. Funds with less than 5 years returns history are colored Grey on Performance. Since the track record is not for an adequately long period they feature lower in the list.
Build a well-diversified portfolio with funds that assures you of a stable growth through market and economic cycles and funds that enhance your portfolio returns over the long run.
  1. Core Funds: Choose from Large cap, Large and Mid cap and Flexicap funds.
  2. Booster Funds
    1. Choose from Mid and Small cap funds.
    2. Select a Sector or Thematic Fund that is likely to outperform in the long term.
Use the Fund Portfolio Analyzer, Sher-ya-Billi to check if your portfolio will deliver healthy returns or disappoint you. Go to Fund Portfolio Analyzer. You can also upload details of your funds in the Portfolio Manager and see the report on this page.
When adding a new fund check how different is the fund compared to your portfolio by using the link in the Right allocation box on the Fund Decision Maker.
Most investors have more, many more funds that they should-over diversified. This tends to reduce returns. Many investors have more of the same i.e. they have funds that have very similar portfolios and hence the fund portfolio is not well-diversified. Either there are too many large cap dominated funds or far too many mid and small cap funds. What you require is a good, balanced mix. Finally investors don't know when to exit a fund and end up carrying it even though the future upside potential is very low.
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