Top 3 Performing Funds in 2018: Small Cap

2018 was one of the most volatile years in recent time for investors. Despite having faced an unpredictable year, the following small-cap funds have performed better than its benchmark in 2018.

Fund1 Year ReturnAlpha (Fund Return - Benchmark Return)
Axis Small Cap Fund-10.61%22.39%
HDFC Small Cap Fund-10.84%22.16%
IDBI Small Cap Fund-17.34%15.66%

Axis Small Cap Fund

Though Axis Small Cap Fund gave negative 10.61% return in one year it managed to outperform its benchmark, which gave negative 33.00% return. This fund has managed to beat its benchmark and category in each of the last five years. The fund aims to generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity related instruments of small-cap companies. Over three and five years, the fund has been ahead of its benchmark by 4 to 7 percentage points. Compared to the category, it has managed 1 percentage point outperformance. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.07 lakhs now.

HDFC Small Cap Fund

Though HDFC Small Cap Fund gave negative 10.84% return in one year it managed to outperform its benchmark, which gave negative 33.00% return. This fund has managed to beat its benchmark and category in each of the last five years. The fund aims at providing long-term capital appreciation, by investing at least 65% in small-cap companies and targets high-quality small-cap business which is undervalued and have a sustainable business. Over three and five years, the fund has been ahead of its benchmark by 3 to 7 percentage points. Compared to the category, it has managed 7 percentage point outperformance. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.53 lakhs now.

IDBI Small Cap Fund

Though IDBI Small Cap Fund gave negative 17.34% return in one year it managed to outperform its benchmark, which gave negative 33.00% return. The fund aims to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of small-cap companies. Since its launch in June 2017, the fund managed to outperform its benchmark and category by 15 and 5 percentage points respectively. A SIP of ₹5,000 p.m. in this fund started since its launch is worth ₹95,000 now.

These funds, despite bad market conditions, have performed well in 2018.

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