Archive · 2 Aug 2026
Small-Cap Funds Outperform All Categories in FY27 So Far
In the first part of the 2026-27 financial year, small-cap mutual funds did better than other types of funds.
They earned about 22% on average, while mid-cap funds earned 17% and large-cap funds earned 10%.
The best small-cap fund, JM Small Cap, made 32% for investors.
The report says that even though the market was nervous, small companies grew faster.
The author wants people to focus on long‑term gains instead of short‑term market swings.
Small-cap funds led FY27 with a 22.31% average return (1 Apr‑31 Jul 2026).
JM Small Cap Fund topped the category with a 32.41% return.
Mid‑cap funds averaged 17.22%, led by Invesco India Midcap at 23.57%.
Flexi‑cap funds averaged 14.06%, led by Invesco India Flexi Cap at 21.10%.
Large‑cap funds lagged with a 10.52% average, the lowest among categories.
- Who
- B. Padmanaban, Founder & Managing Director of Fortune Investment Services
- What
- Report on equity mutual fund performance in FY27
- When
- 1 April to 31 July 2026
- Where
- Indian equity markets
- Why
- To illustrate small-cap funds' superior performance amid market uncertainty
- Category
- Small-cap funds
- Average return
- 22.31%
- Top performer
- JM Small Cap Fund
- Top return
- 32.41%
- Period
- 1 April – 31 July 2026