ETMutualFunds did some data crunching and found that smallcap funds turned a monthly SIP of Rs 20,000 up to Rs 1 crore in 10 years. There were around 13 smallcap funds that completed the period. Here are the top 5, according to data by ACE MF:
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Quant Small Cap Fund
Quant Small Cap Fund turned the monthly investment of Rs 20,000 to Rs 1 crore in a 10-year horizon. If an investor invested Rs 20,000 monthly in this smallcap scheme starting from May 15, 2014, they would have earned an XIRR of 27.24% in a 10-year period.
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Nippon India Small Cap Fund
The largest smallcap fund based on assets managed turned the monthly investment of Rs 20,000 to Rs 91.78 lakh in a 10-year horizon. If an investor put Rs 20,000 monthly in this smallcap scheme starting from May 15, 2014, they would have earned an XIRR of 25.49% in a 10-year period.
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HSBC Small Cap Fund
This smallcap fund turned the monthly investment of Rs 20,000 to Rs 77.54 lakh in a 10-year horizon. If an investor put Rs 20,000 monthly in this smallcap scheme starting from May 15, 2014, they would have earned an XIRR of 22.36% in a 10-year period.
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SBI Small Cap Fund turned the monthly investment of Rs 20,000 to Rs 76.27 lakh in a 10-year horizon. If an investor invested Rs 20,000 monthly in this smallcap scheme starting from May 15, 2014, they would have earned an XIRR of 22.05% in a 10-year period.
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HDFC Small Cap Fund
HDFC Small Cap Fund turned the monthly investment of Rs 20,000 to Rs 73.53 lakh in a 10-year horizon. If an investor invested Rs 20,000 monthly in this smallcap scheme starting from May 15, 2014, they would have earned an XIRR of 21.37% in a 10-year period.
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Other small cap funds
The other smallcap funds delivered an XIRR ranging between 15.79% and 21.22%. A monthly investment in these schemes would have grown between Rs 54.53 lakh and Rs 72.93 lakh in a 10-year period.
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