5 smallcap mutual funds gave over 25% in 5 years. Have you invested in any?

Apr 10, 2024, 02:20:48 PM IST1/8

Betting on Minnows

ETMutualFunds analysed daily rolling returns of 199 equity schemes that have completed five years of existence in the market and found that the toppers were from the smallcap category.

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Bank of India Small Cap Fund

Bank of India Small Cap Fund, the topper in the list, gave a 30.40% return in five years based on daily rolling returns. Launched in December 2018, the scheme manages an asset base of Rs 919 crore as on February 29, 2024.

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Edelweiss Small Cap Fund

The scheme gave 28.12% return in five years based on daily rolling returns. Launched in February 2019, the scheme manages assets of Rs 3,134 crore.

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Canara Robeco Small Cap Fund

Based on daily rolling returns, the scheme gave 26.32% return in five years. Launched in February, the scheme manages an asset base of Rs 9,402 crore.

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Tata Small Cap Fund

The scheme offered 25.94% return in five years based on daily rolling returns. Launched in November 2018, the scheme manages assets of Rs 6,289 crore.

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Invesco India Smallcap Fund

Launched in October 2018, the scheme gave 25.34% return in five years based on daily rolling returns. The scheme manages assets of Rs 3,705 crore.

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Rolling returns

ETMutualFunds considered daily rolling returns for the study. Many investment experts consider rolling returns as a better indicator of analysing the performance of mutual fund schemes.

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Why rolling returns?

Rolling returns is the average of returns over a period of time and indicates better performance. It can be rolled on a daily, monthly, or yearly frequency in the defined time-period. Many investors consider point-to-point returns or trailing returns to analyse the performance of a scheme.

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