Many small cap funds have given good returns in the month of April. According to data from the Association of Mutual Funds in India (AMFI), the total inflows received in the small-cap category in the quarter ended March 2023 6,932.19 crores. This category received the highest inflow in March 2,430.04 crores. The net assets under management for the small-cap category as on March 31, 2023 was 1.33 lakh crore.
Following is a list of top performers Small-Cap Mutual Fund Which have given highest returns in April 2023 (As per Value Research website data).
Quant Small Cap Fund – Direct Plan – Growth: 7.10%
The scheme tracks Nifty Smallcap 250 Total Return Index and was launched on January 1, 2013 as per its official website.
Union Small Cap Direct Plan – Growth: 5.71%
The scheme tracks NIFTY SmallCap 250 Total Return Index and was launched on June 10, 2014 as per its official website.
Edelweiss Small Cap Fund Direct Plan – Growth: 5.52%
The scheme tracks Nifty SmallCap 250 Total Return Index and was launched on February 7, 2019, as per its official website.
Aditya Birla Small Cap Direct Plan – Growth: 5.46%
The scheme tracks NIFTY SmallCap 250 Total Return Index and was launched on January 01, 2013 as per its official website.
Nippon India Small Cap Fund Direct Plan – Growth: 5.43%
The scheme tracks Nifty Smallcap 250 Total Return Index and was launched on September 16, 2010 as per its official website.
Bank of India Small Cap Fund Direct Plan – Growth: 5.29%
The scheme tracks Nifty SmallCap 250 Total Return Index and was launched on December 19, 2018 as per its official website.
HSBC Small Cap Fund – Direct Plan – Growth: 5.22%
The scheme tracks NIFTY SmallCap 250 Total Return Index and was launched on May 12, 2014 as per its official website.
ITI Small Cap Direct Plan – Growth: 4.40%
The scheme tracks Nifty SmallCap 250 Total Return Index and was launched on February 17, 2020, as per the official website.
According to personal finance experts, small-cap mutual fund schemes are suitable for aggressive investors With long term horizon.
catch ’em all mutual fund news And updates on Live Mint. download mint news app To get daily market update & Live business News,