Bank of India Small Cap, Bandhan Small Cap among 5 smallcap mutual funds delivering over 22% annualised returns in 3 years

Five small cap mutual funds delivered over 22% annualized returns in the last three years. Here are the top performers, as reported by ETWealth (As of September 30, 2026)

Bandhan Small Cap Fund, an active small cap fund, delivered an annualised return of 22% in the last three years.

ITI Small Cap Fund, an active small cap fund, delivered an annualized return of 21.7% in the last three years.

Invesco India Smallcap Fund, an active small cap fund, delivered an annualised return of 20.3% in the last three years.

Bank of India Small Cap Fund and Mahindra Manulife Small Cap Fund delivered 20% and 18% annualised returns in the last three years.

Around five small cap funds delivered returns ranging between 9% to 10.5% in the last three years. These funds include HDFC Small Cap Fund, ICICI Prudential Smallcap Fund, SBI Small Cap Fund, Tata Small Cap Fund, and Canara Robeco 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.