Top 5 Small Cap Funds for March 2023: Brokerage chose these 5 funds, 1 lakh became 1.6 lakh in 3 years

Top 5 Small Cap Funds for March 2023: Despite the weakness in the Smallcap index, investors are investing heavily in Smallcap funds. Sharekhan has selected 5 great schemes for investors for the month of March. These schemes have given an average return of more than 30% in 3 years.

Top-5 Small Cap Funds for March 2023: Despite the weak performance of Smallcap Index in the last few months, investors are very optimistic about Smallcap Mutual Funds. In the last two months, there has been an average inflow of more than 2200 crores in this category. In January, an investment of 2255 crores came in smallcap funds, which is the highest among 11 different categories. According to the Value Research report, investors increase investment when the market falls. This is done to get more returns.

Smallcap funds perform at their best in a decade

According to the research report, despite the Corona epidemic in the year 2020, smallcap funds gave a strong return of 32.11 per cent. In that year, the Sensex had given a return of 15.75 per cent and the midcap index had given a return of around 19 per cent. In 2021, the Smallcap Index gave a bumper return of 62.77 per cent. The Sensex had given a return of 22 per cent that year. Talking about the last one decade, smallcap funds have given the highest average return of 19.42%. After this comes the place of technology funds and midcap funds.

Brokerage picks these smallcap funds for March

Brokerage firm Sharekhan has selected top smallcap funds for March based on their February performance. The brokerage has selected 5 funds, which have given bumper returns of up to 30% on a three-year basis. The names of these funds are- 1>>Nippon India Small Cap Fund - Reg - Growth 2>>Edelweiss Small Cap Fund - Reg - Growth 3>>Tata Small Cap Fund - Reg - Growth 4>>ICICI Prudential Smallcap Fund - Growth.

Nippon India Small Cap Fund Details

As per the brokerage report, Nippon India Small Cap Fund - Reg - Growth has given 5.2% return in last six months, 4.1% in one year, 30% in three years, 14.2% in 5 years and 19.5% since inception. Returns have been given. The asset under management is 23756 crores, while the NAV is 91 rupees. (This data is based on February 1)

60 thousand return on investment of 1 lakh

When looking at the performance of Nippon India Small Cap Fund - Reg - Growth on the website of Value Research, the NAV as on March 8 is Rs 93.58. The asset is worth Rs 23756 crore, while SIP can be done from Rs 1000. If an investor starts a SIP of Rs 2800 every month, then in three years his total accumulated capital will be Rs 1 lakh 800. In three years, his fund of Rs 1 lakh 59 thousand 42 will be ready. The average return is 32.11 per cent. In three years, the return on his total investment of 1 lakh will be around 60 thousand rupees.

(Disclaimer: Investment in Mutual Funds is subject to market risks. This does not constitute investment advice. Consult your advisor before taking any investment decision.)