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Nippon India Small Cap Fund(G) which predominantly invests in smallcap stocks has given extended internal rate of returns (XIRR) of over 37% according to data sourced from Ace Equities, earning Rs 8.80 lakh on the total investment of Rs 6 lakh made between February 22, 2019 and February 22, 2024. Meanwhile, the 5-year CAGR returns stand at 30.57%.
The scheme which was launched on October 29, 1996 is benchmarked against Nifty Smallcap 250 - TRI and has given returns at an XIRR of 35% while at a CAGR of 40% during this period.
Muthoot Microfin is promoted by Muthoot Fincorp, which is the third-largest gold loan player.
Small-caps have the potential to deliver outsize returns over the long term. But the space is relatively less studied
Three new fund offers or NFOs – Quantum Small Cap Fund, Aditya Birla Sun Life US Treasury 1-3 year Bond ETFs FoF, and Aditya Birla Sun Life US Treasury 3-10 year Bond ETFs FoF – are open for subscription in the market.