Top 3 Performing Small-Cap Funds In April 2024

The small-cap segment, known for its high growth potential and volatility, has once again delivered dynamic returns in April 2024. If you’re an investor with a high-risk appetite seeking to capitalize on this exciting market niche, then identifying the top performers is crucial. This article dives into the top three small-cap funds that stood out in April, analysing their performance and offering valuable insights for your investment decisions.

The following table shows the historical performance of the top three small-cap performers of April 2024:

Returns data as on 30-Apr-24

Tata Small Cap Fund

This small-cap fund has an NAV of Rs 35.68 as of April 30, 2024. It holds a fund size of Rs 6236.38 crore, accounting for 2.56% of investments in its category, and an expense ratio of 1.74%, compared to the category average of 1.88%. According to Crisil, the fund has average performance among peers. It is predominantly invested in domestic equities, with 94.28% allocation; of this, 5.39% is in mid-cap stocks and 67.41% in small-cap stocks. In terms of performance, the scheme has returned 47.46%, which is below the Nifty Small-cap 250 TRI benchmark at 70.35%, and also trails the category average of 53.55%.

The Quant Small Cap Fund

This regular growth plan managed by Quant Mutual Fund, has a current NAV of Rs 271.1132 as of April 30, 2024. This fund is distinguished by its very good performance among peers, as indicated by its Crisil rank. It has a substantial fund size of Rs 17,348.95 crore, accounting for 7.11% of investments in its category, with a slightly higher-than-average expense ratio of 0.7%, compared to the category average of 0.61%. The fund’s portfolio consists of 93.2% investment in domestic equities, distributed as 16.14% in large-cap stocks, 6.52% in mid-cap stocks, and 42.46% in small-cap stocks, alongside 1.46% investment in government securities within the debt category.

Performance-wise, the fund has outperformed its benchmark, the Nifty Small-cap 250 TRI, and the category average with returns of 71.91% compared to the benchmark’s 70.35% and the category average of 54.06%.

The Bandhan Small Cap Fund

This is a regular growth plan, managed by IDFC Mutual Fund has shown very good performance among its peers. As of April 30, 2024, the fund’s NAV stands at Rs 37.626. The fund is substantial with a size of Rs 4384.9 Cr, making up 1.8% of the total investments in its category. Its expense ratio is 1.85%, slightly below the category average of 1.88%.

The portfolio primarily focuses on domestic equities, comprising 89.5% of its investments with 2.59% in large-cap stocks, 15.56% in mid-cap stocks, and 48% in small-cap stocks. Performance-wise, the fund has outperformed both its benchmark, the S&P BSE 250 Small-cap TRI, and its category average, scoring 75.75% compared to the benchmark’s 62.72% and the category average of 53.55%.

Elevate your savings strategy with our easy-to-use Angel One SIP Calculator. See the impact of consistent investing. Your future self will thank you. Start planning today!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.