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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
