Top 5 small-cap mutual funds of 2023: These equity MFs gave over 20% returns in last six months
mid-cap funds as they invest in lesser-known and under-researched companies. Small cap schemes can witness intense volatility and higher downside, particularly during bearish market phases. but they can even outperform all categories of mutual funds over the long term.
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. 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.
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. The direct plan of Nippon India Small Cap Fund has given 19.79% annualised returns. The scheme tracks NIFTY Smallcap 250 Total Return Index 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.
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).
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