Bandhan Small Cap and ITI Small Cap among 5 smallcap mutual funds delivering over 22% annualised returns in 3 years

Five smallcap mutual funds delivered over 22% annualized returns in the last three years. Here are the top performers, as reported by ETWealth (As of September 16, 2026)

Bandhan Small Cap Fund, the top performer in the last three years, delivered an annualized return of 22.3%.

ITI Small Cap Fund, an active small cap fund, delivered an annualised return of 21.9% in the last three years

Invesco India Smallcap Fund, an active small cap fund, delivered an annualised return of 20.5% in the last three years.

Bank of India Small Cap Fund and Mahindra Manulife Small Cap Fund delivered 18.9% and 17.8% annualised returns.

Around five smallcap funds delivered returns ranging between 9.2% to 10.3% in the last three years. These funds include HDFC Small Cap Fund, ICICI Prudential Smallcap Fund, Tata Small Cap Fund, Kotak Small Cap Fund, and SBI Small Cap Fund.

Do not choose funds based on the returns. One should always choose the funds based on their risk appetite, investment horizon and financial goals.