10 Smallcap Mutual Funds Give Over 30% Return in 2024
As per the analysis of small-cap funds in 2024, around 10 small-cap funds have delivered up to 30% return. There were approximately 27 small-cap funds in the specified time.
Of these 10 small-cap funds, four have offered a 40% return, of which Bandhan Small Cap Fund delivered the highest return of 47.73%. Motilal Oswal Small Cap Fund offered a 46.89% return and LIC MF Small Cap Fund delivered a 41.82% return, respectively, in 2024.
Invesco India Smallcap Fund offered a 40.43% return. ITI Small Cap Fund provided a 38.11% return, followed by Tata Small Cap Fund and Bank of India Small Cap Fund, which delivered 36.04% and 35.77% returns, respectively, in the same time duration.
Mahindra Manulife Small Cap Fund offered 32.20% returns, and Nippon India Small Cap Fund, which is the largest small-cap fund, gave a 30.39% return in 2024.
Besides this, Kotak Small Cap Fund and Axis Small Cap Fund offered 29.08% and 28.43% returns, respectively, in 2024. Quant Small Cap Fund gave a 28.34% return during the same time. Franklin India Smaller Cos Fund delivered a 26.31% return in the mentioned period.
ICICI Pru Smallcap Fund and Quantum Small Cap Fund gave 19.69% and 18.96% returns in 2024.
Small-cap schemes invest in very small companies or their stocks. For this reason, investing in small stocks can be very risky. The small-cap segment can be more volatile in the short term, but for a long-term duration, it has the potential to give the highest returns. These schemes are suggested only for aggressive investors who are ready to take high risks for a long period of around seven to ten years. Small-cap schemes are extremely risky for inexperienced investors.
