How 34 small-cap mutual funds rank by performance from 3 months to 5 years in June 2026

As per Ace MF data for regular plans of all small cap schemes, there is a wide variance in both performance and ranking. The table below lists all schemes and their rankings across five different durations.

Before reading further, please note this exercise is only for informational and educational purposes. It is not intended to recommend any of the schemes listed before for investing.

34 small-cap funds ranked by performance till June 15 2026

Key insights

The ranking of mutual fund schemes over any duration can change quickly as their returns vary based on the performance of underlying stocks. Generally, fund managers pick stocks based on their own investing style, which may not work in the same way in all market cycles.

All funds do not rank consistently across different time horizons. For instance, Nippon India Small Cap Fund ranks no.1 over 5 years and 10 over 3 years, but it is now ranked 22 over 3 months. Similarly, Bandhan Small Cap is no.1 over three years but ranks 24.

Bank of India Small Cap Fund is currently ranking no.1 for 3-month and 6-month durations. Over other three durations also, this scheme ranks among top 5, indicating consistent performance. However, this could be due to the recent spike in its performance. In last 3 and six months, the scheme's regular plan has delivered 28.93% and 18.07% returns respectively, as per ACE MF. However, one needs to check other metrics to find whether it is actually a consistent performer over longer terms.

AUM size is no proxy for performance in this category, as per current data. Big names like HDFC, ICICI, SBI, Kotak, and Tata small cap funds consistently rank low across the 5 time horizons.

Little-known or new names are quietly climbing the ranks. ITI Small Cap Fund ranks no.2 over 3 years, and consistently among top 10 in 3 months, 6 months and 1 year. TRUSTMF, JM Small Cap, Helios are also among top 10 current performers over three months. However, these funds haven't yet tested a full market cycle or a downturn.

Abakkus Small Cap Fund, which was launched on March 17, 2026, has delivered 15.81% returns since inception. Another newcomer, The Wealth company Small Cap Fund has given 10.79% return since launch on 25 March 2026. Both these have not yet completed three months, hence their ranks are visible in the table.