High risk, high return funds
Small and mid cap funds have delivered the highest long-run returns in Indian equity — with the deepest falls on the way. The worst drawdown column shows how much each fund dropped from a peak in the last five years.
| # | Fund | |||||
|---|---|---|---|---|---|---|
| 1 | BO Small Cap · 7+ yrs | ₹2,235 Cr | +29.5% | +21.9% | +19.9% | -27.1% |
| 2 |  Mid Cap · 12+ yrs | ₹40,809 Cr | -0.7% | +17.7% | +19.7% | -28.9% |
| 3 | I Small Cap · 7+ yrs | ₹15,129 Cr | +13.7% | +21.5% | +18.9% | -23.4% |
| 4 | B Small Cap · 6+ yrs | ₹26,012 Cr | +10.2% | +23.1% | +18.8% | -24.3% |
| 5 | I Mid Cap · 13+ yrs | ₹15,234 Cr | +6.5% | +22.0% | +18.1% | -20.1% |
| 6 |  Small Cap · 13+ yrs | ₹30,875 Cr | +12.6% | +17.3% | +18.0% | -25.2% |
| 7 | ITI Small Cap · 6+ yrs | ₹2,977 Cr | +18.9% | +23.2% | +17.8% | -29.2% |
| 8 |  Small Cap · 13+ yrs | ₹73,159 Cr | +7.3% | +14.4% | +17.6% | -24.2% |
| 9 |  Mid Cap · 13+ yrs | ₹96,040 Cr | +3.2% | +15.7% | +17.3% | -17.0% |
| 10 | E Mid Cap · 9+ yrs | ₹16,310 Cr | +4.3% | +19.7% | +16.9% | -20.1% |
1Y/3Y/5Y are CAGR (annualised). Fund size is average AUM across all plans for June 2026. Worst fall = biggest peak-to-trough drop in the last 5 years.
How this list is built
- Small cap and mid cap funds
- At least 5 years of history and ₹1,000 Cr fund size
- Ranked by 5-year CAGR, top 10 shown
- Direct Plan – Growth option only; rules run automatically on the latest AMFI data (last run 6 Oct 2026)
This is a rules-based screen, not a personal recommendation. Past returns do not predict future returns, and a fund that suits one investor may not suit another.
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Mutual fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns. NAV data: AMFI, via the open TigZig MF NAV API, as of 5 Oct 2026. Fund size: AMFI quarterly average AUM. Holdings: each AMC’s SEBI-mandated monthly portfolio disclosure. Shown for information only — not a recommendation to buy, sell or hold any scheme.