17 of 24 small-cap funds deliver more than 100% returns in one year

These funds account for Rs 56,000 crore of category assets worth Rs 71,700 crore

The rally in the Indian equity markets in the past year has propelled strong returns in small-cap funds. Of the 24 small-cap schemes, 17 have given returns of more than 100 per cent in one year. 

The top performer in this pack is Quant Small Cap fund, which has given a return of 214 per cent, followed by Kotak Small Cap fund, which has delivered a 132.4 per cent return, shows the data from Value Research. All the returns are of direct plans.

Vinay Paharia, chief investment officer (CIO) at Union AMC, says: “Returns of small-cap funds look strong due to the