Small cap schemes are benchmarked against Nifty Smallcap 100 - TRI, Nifty Smallcap 250 - TRI, and S&P BSE 250 Small Cap - TRI. Note, We considered yearly returns from 2018 as Sebi did recategorization of mutual funds in this year.
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks.
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The other fund houses to limit/discontinue subscriptions in smallcap schemes are Kotak Mutual Fund, Nippon India Mutual Fund, SBI Mutual Fund and Tata Mutual Fund.
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