Looking for smallcap mutual funds? Here are the top 4 picks for May 2026
1/7
Criteria for shortlisting these small caps
ETMutualFunds shortlisted top smallcap mutual funds based on mean rolling returns, consistency in the last three years, downside risk, outperformance, and asset size (threshold size is Rs 50 crore).
2/7
Axis Small Cap Fund
Launched in November 2013, this smallcap fund has offered 24.5% return based on rolling frequency in the last three years. Axis Small Cap Fund has been in the third quartile in the last month. The scheme had been in the second quartile earlier.
3/7
SBI Small Cap Fund
Launched in December 2009, this fund has offered 23.4% return based on rolling frequency in the last three years. SBI Small Cap Fund has been in the fourth quartile in the last 11 months. The scheme had been in the third quartile earlier.
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4/7
Kotak Small Cap Fund
Launched in February 2005, the fund has offered 25.1% return based on rolling frequency in the last three years. Kotak Small Cap Fund had been in the fourth quartile in the last 12 months. The scheme had been in the third quartile earlier.
5/7
Nippon India Small Cap Fund
Launched in December 2010, this smallcap fund has offered 31.6% return based on rolling frequency in the last three years. Nippon India Small Cap Fund had been in the second quartile in the last eight months. The scheme had been in the first quartile earlier.
6/7
For whom are these funds suitable?
Are you wondering why anyone would take so much risk investing in smallcap schemes? These schemes also have the potential to offer very high returns over a long period. That is why smallcap schemes are recommended only to aggressive investors with a very high risk appetite and a very long investment horizon.
7/7
Considered factors
We considered regular and growth plans. We considered daily rolling returns for these funds. (Source: MF Screener)