Small Cap Funds, Through a Lens
Funds in this category, sorted on open public data. Pick a lens — each is a different, transparent way to rank. These are tools, not recommendations: no stars, no superlative claims, no buy/sell calls.
Sorts a category by how much return each fund delivered for the risk it took (its volatility). It rewards steadier compounding over funds that merely rode a rally.
| # | Fund | Sharpe 3Y ▾ | 3Y Return ▾ | 5Y Return ▾ | Volatility ▾ | Calmar 3Y ▾ | Sortino ▾ | Max Drawdown ▾ |
|---|---|---|---|---|---|---|---|---|
| 1 | IDBI Small Cap Fund - Growth Direct IDBI Mutual Fund | 1.65 | 40.5% | 16.8% | 20.6% | 2.28 | 2.23 | -46.0% |
| 2 | BANDHAN SMALL CAP FUND Bandhan Mutual Fund | 1.15 | 28.9% | 21.8% | 19.5% | 1.27 | 2.09 | -24.3% |
| 3 | Mahindra Manulife Small Cap Fund Mahindra Manulife Mutual Fund | 0.92 | 23.8% | — | 18.8% | 0.92 | 1.58 | -26.0% |
| 4 | Invesco India Smallcap Fund Invesco Mutual Fund | 0.88 | 25.4% | 21.9% | 21.5% | 1.08 | 1.30 | -37.7% |
| 5 | ITI Small Cap Fund Option ITI Mutual Fund | 0.84 | 26.8% | 18.4% | 24.1% | 1.11 | 1.23 | -39.9% |
| 6 | quant Small Cap Fund - Growth Option - Direct Plan quant Mutual Fund | 0.80 | 21.8% | 21.0% | 19.2% | 0.89 | 1.32 | -51.6% |
| 7 | BANK OF INDIA Small Cap Fund Bank of India Mutual Fund | 0.78 | 23.4% | 20.9% | 21.6% | 0.86 | 1.24 | -32.4% |
| 8 | Union Small Cap Fund Option Union Mutual Fund | 0.73 | 20.7% | 18.8% | 19.5% | 0.79 | 1.04 | -44.7% |
| 9 | HSBC Small Cap Equity Fund - Growth Direct HSBC Mutual Fund | 0.72 | 23.6% | 7.9% | 23.6% | 0.60 | 1.04 | -56.0% |
| 10 | UTI Small Cap Fund Option UTI Mutual Fund | 0.64 | 17.4% | 17.4% | 17.1% | 0.78 | 1.09 | -22.3% |
| 11 | DSP Small Cap Fund DSP Mutual Fund | 0.64 | 20.1% | 19.4% | 21.3% | 0.83 | 0.96 | -49.1% |
| 12 | PGIM India Small Cap Fund Option PGIM India Mutual Fund | 0.63 | 17.2% | — | 16.9% | 0.80 | 1.00 | -24.6% |
| 13 | Edelweiss Small Cap Fund Edelweiss Mutual Fund | 0.60 | 19.2% | 19.1% | 21.1% | 0.84 | 0.91 | -37.1% |
| 14 | Axis Small Cap Fund Axis Mutual Fund | 0.60 | 17.2% | 18.0% | 17.9% | 0.89 | 0.90 | -34.6% |
| 15 | Sundaram Small Cap Fund Sundaram Mutual Fund | 0.58 | 20.2% | 18.8% | 23.4% | 0.85 | 0.86 | -57.1% |
| 16 | Nippon India Small Cap Fund Plan - Growth Option Nippon India Mutual Fund | 0.56 | 18.8% | 20.9% | 21.9% | 0.78 | 0.89 | -48.6% |
| 17 | HSBC Small Cap Fund - Direct Growth HSBC Mutual Fund | 0.55 | 17.5% | — | 20.1% | 0.64 | 0.87 | -27.2% |
| 18 | Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund | 0.54 | 18.0% | 14.8% | 21.4% | 0.69 | 0.79 | -57.4% |
| 19 | Franklin India Small Cap Fund - Direct - Growth Franklin Templeton Mutual Fund | 0.53 | 17.0% | 18.8% | 19.7% | 0.71 | 0.80 | -49.9% |
| 20 | CANARA ROBECO SMALL CAP FUND OPTION Canara Robeco Mutual Fund | 0.42 | 15.4% | 17.9% | 20.8% | 0.65 | 0.63 | -36.2% |
| 21 | SBI Small Cap Fund SBI Mutual Fund | 0.40 | 14.3% | 15.3% | 19.3% | 0.64 | 0.64 | -40.3% |
| 22 | HDFC Small Cap Fund - Growth Option - Direct Plan HDFC Mutual Fund | 0.40 | 14.5% | 16.8% | 19.9% | 0.64 | 0.58 | -48.3% |
| 23 | Kotak-Small Cap Fund - Growth - Direct Kotak Mahindra Mutual Fund | 0.38 | 14.3% | 15.1% | 20.4% | 0.58 | 0.57 | -40.6% |
| 24 | ICICI Prudential Smallcap Fund ICICI Prudential Mutual Fund | 0.37 | 13.6% | 16.4% | 19.4% | 0.61 | 0.54 | -45.1% |
| 25 | Tata Small Cap Fund Tata Mutual Fund | 0.32 | 13.1% | 16.5% | 20.8% | 0.42 | 0.48 | -36.6% |
How this rank is calculated ▸
Formula. Sharpe (3Y) = (3-year annualised return − risk-free rate) ÷ annualised volatility. Funds are then ranked, highest Sharpe first, within their SEBI category.
Inputs. Daily NAV history (3Y) · Risk-free rate 6.5%
Benchmark. Equal-weight category composite (proxy), 162 months.
As of. NAV 2026-07-09; computed 2026-07-10.
Limits. Backward-looking. A high past Sharpe does not guarantee future risk-adjusted returns, and volatility is only one definition of risk.
Sorts a category by how frequently a fund beat its peers across many overlapping 3-year periods, rewarding repeatable performance over a single lucky stretch.
| # | Fund | Consistency ▾ | 3Y Return ▾ | 5Y Return ▾ | 5Y Consistency ▾ | Info Ratio ▾ | Windows tested ▾ |
|---|---|---|---|---|---|---|---|
| 1 | BANDHAN SMALL CAP FUND Bandhan Mutual Fund | 100.0% | 28.9% | 21.8% | 100.0% | 1.65 | 41 |
| 2 | Mahindra Manulife Small Cap Fund Mahindra Manulife Mutual Fund | 100.0% | 23.8% | — | — | 0.86 | 7 |
| 3 | Invesco India Smallcap Fund Invesco Mutual Fund | 100.0% | 25.4% | 21.9% | 100.0% | 1.18 | 56 |
| 4 | ITI Small Cap Fund Option ITI Mutual Fund | 97.6% | 26.8% | 18.4% | 100.0% | 1.61 | 41 |
| 5 | BANK OF INDIA Small Cap Fund Bank of India Mutual Fund | 92.7% | 23.4% | 20.9% | 100.0% | 0.78 | 55 |
| 6 | Edelweiss Small Cap Fund Edelweiss Mutual Fund | 92.5% | 19.2% | 19.1% | 100.0% | -0.06 | 53 |
| 7 | Tata Small Cap Fund Tata Mutual Fund | 85.7% | 13.1% | 16.5% | 93.8% | -0.86 | 56 |
| 8 | Nippon India Small Cap Fund Plan - Growth Option Nippon India Mutual Fund | 73.0% | 18.8% | 20.9% | 72.5% | -0.15 | 126 |
| 9 | CANARA ROBECO SMALL CAP FUND OPTION Canara Robeco Mutual Fund | 71.7% | 15.4% | 17.9% | 96.5% | -1.03 | 53 |
| 10 | DSP Small Cap Fund DSP Mutual Fund | 65.9% | 20.1% | 19.4% | 53.9% | 0.10 | 126 |
| 11 | UTI Small Cap Fund Option UTI Mutual Fund | 64.5% | 17.4% | 17.4% | 85.7% | -0.23 | 31 |
| 12 | HDFC Small Cap Fund - Growth Option - Direct Plan HDFC Mutual Fund | 62.4% | 14.5% | 16.8% | 54.1% | -1.04 | 109 |
| 13 | SBI Small Cap Fund SBI Mutual Fund | 60.3% | 14.3% | 15.3% | 71.7% | -1.14 | 116 |
| 14 | Franklin India Small Cap Fund - Direct - Growth Franklin Templeton Mutual Fund | 60.3% | 17.0% | 18.8% | 49.0% | -0.43 | 126 |
| 15 | IDBI Small Cap Fund - Growth Direct IDBI Mutual Fund | 59.5% | 40.5% | 16.8% | 0.0% | -0.30 | 37 |
| 16 | Sundaram Small Cap Fund Sundaram Mutual Fund | 57.1% | 20.2% | 18.8% | 49.0% | 0.33 | 126 |
| 17 | Kotak-Small Cap Fund - Growth - Direct Kotak Mahindra Mutual Fund | 56.4% | 14.3% | 15.1% | 66.7% | -1.00 | 126 |
| 18 | Axis Small Cap Fund Axis Mutual Fund | 53.9% | 17.2% | 18.0% | 75.8% | -0.37 | 115 |
| 19 | Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund | 50.8% | 18.0% | 14.8% | 39.2% | -0.32 | 126 |
| 20 | quant Small Cap Fund - Growth Option - Direct Plan quant Mutual Fund | 48.4% | 21.8% | 21.0% | 60.8% | 0.25 | 126 |
| 21 | Union Small Cap Fund Option Union Mutual Fund | 46.8% | 20.7% | 18.8% | 45.9% | 0.28 | 109 |
| 22 | ICICI Prudential Smallcap Fund ICICI Prudential Mutual Fund | 44.4% | 13.6% | 16.4% | 47.1% | -1.05 | 126 |
| 23 | HSBC Small Cap Equity Fund - Growth Direct HSBC Mutual Fund | 43.9% | 23.6% | 7.9% | 27.6% | -0.92 | 82 |
| 24 | HSBC Small Cap Fund - Direct Growth HSBC Mutual Fund | 25.0% | 17.5% | — | — | -0.21 | 8 |
| 25 | PGIM India Small Cap Fund Option PGIM India Mutual Fund | 8.7% | 17.2% | — | — | -0.37 | 23 |
How this rank is calculated ▸
Formula. Consistency = the share of rolling 3-year windows (monthly start dates) in which the fund's annualised return exceeded the category's median 3-year return. Ranked highest-consistency first.
Inputs. Daily NAV history (≥3Y) · Category median 3Y return
Benchmark. Equal-weight category composite (proxy), 162 months.
As of. NAV 2026-07-09; computed 2026-07-10.
Limits. Past performance is NOT indicative of future results. A strong record can break the moment the manager, mandate or market regime changes.
Sorts a category by downside capture versus an equal-weight category composite: below 100 means the fund fell less than its peers in down months. Research on fund selection rates downside behaviour and consistency above raw return.
| # | Fund | Down Capture ▾ | Up Capture ▾ | Capture Ratio ▾ | Calmar 3Y ▾ | Sortino ▾ | Max DD ▾ |
|---|---|---|---|---|---|---|---|
| 1 | PGIM India Small Cap Fund Option PGIM India Mutual Fund | 85.1% | 87.7% | 1.03 | 0.80 | 1.00 | -24.6% |
| 2 | IDBI Small Cap Fund - Growth Direct IDBI Mutual Fund | 87.0% | 93.8% | 1.08 | 2.28 | 2.23 | -46.0% |
| 3 | ITI Small Cap Fund Option ITI Mutual Fund | 89.8% | 114.7% | 1.28 | 1.11 | 1.23 | -39.9% |
| 4 | Axis Small Cap Fund Axis Mutual Fund | 90.2% | 92.1% | 1.02 | 0.89 | 0.90 | -34.6% |
| 5 | SBI Small Cap Fund SBI Mutual Fund | 91.6% | 82.4% | 0.90 | 0.64 | 0.64 | -40.3% |
| 6 | Edelweiss Small Cap Fund Edelweiss Mutual Fund | 92.9% | 96.0% | 1.03 | 0.84 | 0.91 | -37.1% |
| 7 | HDFC Small Cap Fund - Growth Option - Direct Plan HDFC Mutual Fund | 93.7% | 82.5% | 0.88 | 0.64 | 0.58 | -48.3% |
| 8 | Invesco India Smallcap Fund Invesco Mutual Fund | 93.9% | 113.1% | 1.20 | 1.08 | 1.30 | -37.7% |
| 9 | Sundaram Small Cap Fund Sundaram Mutual Fund | 96.2% | 101.6% | 1.06 | 0.85 | 0.86 | -57.1% |
| 10 | Union Small Cap Fund Option Union Mutual Fund | 96.5% | 102.1% | 1.06 | 0.79 | 1.04 | -44.7% |
| 11 | ICICI Prudential Smallcap Fund ICICI Prudential Mutual Fund | 97.5% | 85.3% | 0.87 | 0.61 | 0.54 | -45.1% |
| 12 | BANDHAN SMALL CAP FUND Bandhan Mutual Fund | 99.1% | 123.9% | 1.25 | 1.27 | 2.09 | -24.3% |
| 13 | Nippon India Small Cap Fund Plan - Growth Option Nippon India Mutual Fund | 100.3% | 98.8% | 0.99 | 0.78 | 0.89 | -48.6% |
| 14 | Mahindra Manulife Small Cap Fund Mahindra Manulife Mutual Fund | 100.5% | 111.0% | 1.10 | 0.92 | 1.58 | -26.0% |
| 15 | CANARA ROBECO SMALL CAP FUND OPTION Canara Robeco Mutual Fund | 100.5% | 91.4% | 0.91 | 0.65 | 0.63 | -36.2% |
| 16 | DSP Small Cap Fund DSP Mutual Fund | 101.9% | 101.5% | 1.00 | 0.83 | 0.96 | -49.1% |
| 17 | Franklin India Small Cap Fund - Direct - Growth Franklin Templeton Mutual Fund | 104.1% | 96.3% | 0.92 | 0.71 | 0.80 | -49.9% |
| 18 | Tata Small Cap Fund Tata Mutual Fund | 105.1% | 87.5% | 0.83 | 0.42 | 0.48 | -36.6% |
| 19 | UTI Small Cap Fund Option UTI Mutual Fund | 105.3% | 99.8% | 0.95 | 0.78 | 1.09 | -22.3% |
| 20 | BANK OF INDIA Small Cap Fund Bank of India Mutual Fund | 106.5% | 115.0% | 1.08 | 0.86 | 1.24 | -32.4% |
| 21 | quant Small Cap Fund - Growth Option - Direct Plan quant Mutual Fund | 108.6% | 109.1% | 1.00 | 0.89 | 1.32 | -51.6% |
| 22 | Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund | 111.2% | 102.2% | 0.92 | 0.69 | 0.79 | -57.4% |
| 23 | Kotak-Small Cap Fund - Growth - Direct Kotak Mahindra Mutual Fund | 112.7% | 95.2% | 0.84 | 0.58 | 0.57 | -40.6% |
| 24 | HSBC Small Cap Equity Fund - Growth Direct HSBC Mutual Fund | 115.6% | 95.6% | 0.83 | 0.60 | 1.04 | -56.0% |
| 25 | HSBC Small Cap Fund - Direct Growth HSBC Mutual Fund | 120.7% | 106.8% | 0.89 | 0.64 | 0.87 | -27.2% |
How this rank is calculated ▸
Formula. Downside capture = (geometric mean fund return in composite-down months divided by geometric mean composite return in those months) x 100, over the trailing 36 months vs the category composite (proxy). Ranked lowest first.
Inputs. Monthly NAV returns (36M) · Category composite (proxy)
Benchmark. Equal-weight category composite (proxy), 162 months.
As of. NAV 2026-07-09; computed 2026-07-10.
Limits. The benchmark is an equal-weight category composite (proxy), not an official TRI. Backward-looking; capture behaviour can change with the manager or regime.
What this is — and isn't
The Fund Explorer describes public data. Each lens sorts funds within a single SEBI category on a stated, reproducible metric — and shows you the inputs, the formula and the date. It does not rate funds, pick a fund for you, or tell you what to buy or sell. Rankings are not forecasts. A fund's position changes as data changes. Past performance is not indicative of future results. Consider your own goals and risk tolerance — or consult a SEBI-registered investment adviser — before investing. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.