Top 5 small-cap mutual funds of 2023: These equity MFs gave over 20% returns in last six months

The data released by the Association of Mutual Funds of India (Amfi) explicitly states that small-cap funds, among all categories, were the biggest beneficiaries of a huge inflow of funds in the last six months.

Top small-cap MF performers in last six months

HDFC Small Cap Fund- Direct Plan

The direct plan of HDFC Small Cap Fund has given 21.13% returns in the last six months. The scheme tracks S&P BSE 250 SmallCap Total Return Index.

Franklin India Smaller Companies Fund – Direct Plan 

The direct plan of Franklin India Smaller Companies Fund has given 20.36% annualised returns in the last six months The scheme tracks NIFTY Smallcap 250 Total Return Index.

Nippon India Small Cap Fund – Direct Plan

The direct plan of Nippon India Small Cap Fund has given 19.79% annualised returns. The scheme tracks NIFTY Smallcap 250 Total Return Index

Tata Small Cap Fund – Direct Plan

The direct plan of Tata Small Cap Fund has given 15.48% annualised returns from January to July The scheme tracks NIFTY Smallcap 250 Total Return Index, which has given 32.79% returns in one year.

Quant Small Cap Fund – Direct Plan 

The direct plan of Quant Small Cap Fund has given 13.05% returns in the last six months. The scheme tracks NIFTY Smallcap 250 Total Return Index.

Meanwhile, capital market watchdog Sebi on Friday came out with a regulatory framework for private equity (PE) funds sponsoring a mutual fund house as well as for self-sponsored Asset Management Companies (AMCs).

Under the framework for PE funds, Sebi said the applicant is required to have a minimum of five years of experience in the capacity of fund manager and an experience of investing in the financial sector. It should have managed, committed, and drawn-down capital of at least ₹5,000 crore.

This is based on data available on Value Research

Updated: 08 Jul 2023, 02:55 PM IST