Over time, an investor’s wealth can be greatly increased by methodically investing in mutual funds through the Systematic Investment Plan (SIP) method. Even without a lump sum of money to invest, investors can diversify their holdings with the help of mutual funds. For those who wish to beat inflation and take part in the stock market’s gradual rise, the SIP route is especially advantageous.
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Based on information from the Association of Mutual Funds in India (AMFI) website, we have selected the best mutual funds for smallcap investors in this article.
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The best mutual funds in the small-cap category as of right now, measured in terms of five-year returns, are Quant Small Cap Fund (40.66%), followed by Nippon India Small Cap Fund (32.03%) and Bank of India Small Cap Fund (33.79%). Canara Robeco Small Cap Fund has returned 29.82%, compared to 30.70% for Edelweiss Small Cap Fund. With returns of 29.75% and 28.98%, respectively, Tata Small Cap Fund and Kotak Small Cap Fund trail closely behind. Axis Small Cap Fund and ICICI Prudential Smallcap Fund round out the list with returns of 28.39% and 27.95%, respectively, after Invesco India Smallcap Fund has returned 28.72%. Each of these funds has outperformed its corresponding benchmark index, producing alpha returns.
Top 10 mutual funds for SIP to invest in 2024
Quant Small Cap Fund- 40.66%
Bank of India Small Cap Fund- 33.79%
Nippon India Small Cap Fund 32.03%
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Edelweiss Small Cap Fund 30.70
Canara Robeco Small Cap Fund 29.82%
Tata Small Cap Fund 29.75%
Kotak Small Cap Fund 28.98
Invesco India Smallcap Fund 28.72%
Axis Small Cap Fund 28.39%
ICICI Prudential Smallcap Fund 27.95%
Think about your investment horizon, risk tolerance, and investment goals before making an investment. For more individualized guidance, it’s also a good idea to speak with a financial advisor.
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Please be aware that the data is based on returns as of May 7, 2024 and comes from the Association of Mutual Funds in India (AMFI).
