Top Small Cap Mutual Funds in 1 year (May 2023): 5 small-cap funds have given more than 17% returns in 1 year.
Here are top 5 small cap funds that have given more than 17% returns in 1 year. Representational image
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Top Small Cap Mutual Funds in 1 year (May 2023): While Small Cap Funds are considered riskier compared to large and mid-cap funds, they are known for giving higher returns. In one year, some small-cap funds have given less than 6% returns. Data on the website of the Association of Mutual Funds in India (AMFI) shows that there are three funds that have given less than 6% returns, with one of them even giving a negative return of -1.66% in one year.
However, there are some small-cap funds that have given more than double of fixed deposit returns in one year. The fixed deposit interest rates for 1-year tenure across banks are currently in the range of 5-7.5%.
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Here’s a look at the top 5 small cap funds that have given over 17% returns under the direct plan and mroe than 15% under the regular plan in one year, as per AMFI website data on May 5, 2023.
HDFC Small Cap Fund
The direct plan of HDFC Small Cap Fund has given a return of 22.41% while the regular plan has given a return of 21.21% in one year. The scheme tracks S&P BSE 250 SmallCap Total Return Index, which has given a return of 8.58% in one year.
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Tata Small Cap Fund
The direct plan of Tata Small Cap Fund has given a return of 21.34% while the regular plan has given a return of 19.05% in one year. The scheme tracks NIFTY Smallcap 250 Total Return Index, which has given a return of 5.01% in one year.
Franklin India Smaller Companies Fund
The direct plan of Franklin India Smaller Companies Fund has given a return of 17.54% while the regular plan has given a return of 16.57% in one year. The scheme tracks NIFTY Smallcap 250 Total Return Index, which has given a return of 5.01% in one year.
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Nippon India Small Cap Fund
The direct plan of Nippon India Small Cap Fund has given a return of 17.20% while the regular plan has given a return of 16.15% in one year. The scheme tracks NIFTY Smallcap 250 Total Return Index, which has given a return of 5.01% in one year.
Quant Small Cap Fund
The direct plan of Tata Small Cap Fund has given a return of 17.28% while the regular plan has given a return of 15.60% in one year. The scheme tracks NIFTY Smallcap 250 Total Return Index, which has given a return of 5.01% in one year.
