Fund Tracker India by Ishaan Dungarwal
Guide
Fund categoriesEquitySep 2026

Small cap funds: what they hold and bought

SEBI's rule: At least 65 % in small cap stocks. Source: SEBI categorisation circular, 6 Oct 2017, as amended

31 small cap funds from 31 fund houses filed a portfolio for Sep 2026. Here is what most of them hold, and what they added and cut.

Category as AMFI lists it; the two AMFI spellings of a category are one page. Counted over open-ended schemes with an equity portfolio for the month, share counts from each fund house's monthly file. Value added or cut = change in shares × the month's value per share in that file, never a change in price.

Schemes31portfolio filed for Sep 2026, of 36
Fund houses31running one
Stocks held861listed on NSE, any scheme

Stocks most small cap funds hold, Sep 2026

Ranked by how many schemes in the category hold the stock; the average is its % of net assets in the schemes holding it.

schemes holding · average weight
  1. CUB City Union Bank Ltd.
    20 of 31 · 1.69%
  2. KARURVYSYA Karur Vysya Bank Ltd.
    18 of 31 · 1.91%
  3. NAVINFLUOR Navin Fluorine International Ltd.
    17 of 31 · 2.05%
  4. KIRLOSENG Kirloskar Oil Engines Ltd.
    17 of 31 · 1.64%
  5. UJJIVANSFB Ujjivan Small Finance Bank Ltd.
    17 of 31 · 1.56%
  6. PNBHOUSING PNB Housing Finance Ltd.
    17 of 31 · 1.50%
  7. MCX Multi Commodity Exchange of India Ltd.
    16 of 31 · 1.89%
  8. CRAFTSMAN Craftsman Automation Ltd.
    16 of 31 · 1.36%
  9. KIMS Krishna Institute of Medical Sciences Ltd.
    15 of 31 · 1.61%
  10. DELHIVERY Delhivery Ltd.
    15 of 31 · 0.97%
  11. RBLBANK RBL Bank Ltd.
    14 of 31 · 1.77%
  12. TDPOWERSYS TD Power Systems Ltd.
    14 of 31 · 1.52%
  13. BRIGADE Brigade Enterprises Ltd.
    14 of 31 · 1.15%
  14. SANSERA Sansera Engineering Ltd.
    13 of 31 · 1.93%
  15. ATHERENERG Ather Energy Ltd.
    13 of 31 · 1.76%
  16. APARINDS Apar Industries Ltd.
    13 of 31 · 1.37%
  17. TIMKEN Timken India Ltd.
    13 of 31 · 1.20%
  18. KPRMILL K.P.R. Mill Ltd.
    13 of 31 · 1.16%
  19. ZFCVINDIA ZF Commercial Vehicle Control Systems India Ltd.
    13 of 31 · 1.07%
  20. SAILIFE Sai Life Sciences Ltd.
    12 of 31 · 2.03%

Most bought, Sep 2026

value of shares added · schemes adding
  1. RHIM RHI Magnesita India Ltd. · 3, 1 new
    +₹725 cr
  2. EPL EPL Limited · 3, 2 new
    +₹405 cr
  3. ESCORTS Escorts Kubota Ltd. · 2
    +₹380 cr
  4. HINDUNILVR Hindustan Unilever Ltd. · 1
    +₹306 cr
  5. MFSL Max Financial Services Ltd. · 2, 1 new
    +₹259 cr
  6. SEDEMAC Sedemac Mechatronics Ltd. · 4, 2 new
    +₹246 cr
  7. HEROMOTORS Hero Motors Ltd. · 3, 3 new
    +₹242 cr
  8. USHAMART Usha Martin Ltd. · 1, 1 new
    +₹231 cr
  9. GUJTHEM Gujarat Themis Biosyn Ltd · 1, 1 new
    +₹211 cr
  10. TATASTEEL Tata Steel Ltd. · 2, 1 new
    +₹207 cr

Most sold, Sep 2026

value of shares cut · schemes cutting
  1. STARHEALTH Star Health and Allied Insurance Company Ltd · 2, 2 sold out
    −₹536 cr
  2. ICICIBANK ICICI Bank Ltd. · 1, 1 sold out
    −₹380 cr
  3. MEESHO Meesho Ltd. · 1, 1 sold out
    −₹287 cr
  4. WELCORP Welspun Corp Ltd. · 5, 1 sold out
    −₹267 cr
  5. LALITHAA Lalithaa Jewellery Mart Ltd. · 3
    −₹247 cr
  6. ATHERENERG Ather Energy Ltd. · 4
    −₹234 cr
  7. JIOFIN Jio Financial Services Ltd. · 1
    −₹162 cr
  8. SANSERA Sansera Engineering Ltd. · 4
    −₹160 cr
  9. TECHM Tech Mahindra Ltd. · 1
    −₹139 cr
  10. ACMESOLAR Acme Solar Holdings Ltd · 2, 1 sold out
    −₹136 cr

Small cap schemes (31)

largest AUM first
SchemeFund houseAUM1-year return
Nippon India Small Cap FundNippon India Mutual Fund₹80,841 cr+4.9%
HDFC Small Cap FundHDFC Mutual Fund₹41,670 cr−6.2%
SBI SMALL CAP FUNDSBI Mutual Fund₹41,386 cr+4.0%
Quant Small Cap Fundquant Mutual Fund₹35,054 cr+9.8%
BANDHAN Small Cap FundBandhan Mutual Fund₹32,794 cr+6.8%
Axis Small Cap FundAxis Mutual Fund₹30,705 cr+6.0%
DSP Small Cap FundDSP Mutual Fund₹20,857 cr+13.8%
Kotak Small Cap FundKotak Mahindra Mutual Fund₹19,241 cr+3.5%
HSBC Small Cap FundHSBC Mutual Fund₹18,453 cr+9.4%
Invesco India Small Cap FundInvesco Mutual Fund₹15,129 cr+15.9%
Franklin India Small Cap FundFranklin Templeton Mutual Fund₹14,646 cr−0.2%
Canara Robeco Small Cap FundCanara Robeco Mutual Fund₹14,356 cr+1.0%
Tata Small Cap FundTata Mutual Fund₹12,995 cr−4.6%
ICICI Prudential Small Cap FundICICI Prudential Mutual Fund₹9,651 cr+1.6%
Motilal Oswal Small Cap FundMotilal Oswal Mutual Fund₹7,883 cr+17.1%
Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund₹6,030 cr+11.9%
Mirae Asset Small Cap FundMirae Asset Mutual Fund₹5,463 cr+4.6%
UTI Small Cap FundUTI Mutual Fund₹5,348 cr+1.6%
Sundaram Small Cap FundSundaram Mutual Fund₹4,061 cr+6.9%
TRUSTMF SMALL CAP FUNDTrust Mutual Fund₹3,204 cr+22.6%
BANK OF INDIA SMALL CAP FUNDBank of India Mutual Fund₹3,105 cr+22.5%
Union Small Cap FundUnion Mutual Fund₹2,544 cr+16.7%
Bajaj Finserv Small Cap FundBajaj Finserv Mutual Fund₹2,522 cr+11.1%
Abakkus Small Cap FundAbakkus Mutual Fund₹2,469 cr—
PGIM India Small Cap FundPGIM India Mutual Fund₹1,729 cr+11.0%
Helios Small Cap FundHelios Mutual Fund₹1,607 cr—
Baroda BNP Paribas Small Cap FundBaroda BNP Paribas Mutual Fund₹1,294 cr+7.0%
LIC MF Small Cap FundLIC Mutual Fund₹797 cr+14.4%
Groww Small Cap FundGroww Mutual Fund₹688 cr—
Samco Small Cap FundSamco Mutual Fund₹196 cr—
The Wealth Company Small Cap FundThe Wealth Company Mutual Fund₹118 cr—

AUM = AMFI's latest average AUM for the scheme; 1-year return = change in NAV over the year, as on each scheme page. Filter and compare every scheme

Questions about small cap funds

from the figures on this page

Which stocks do small cap funds hold the most?

In Sep 2026, 20 of the 31 small cap funds with a portfolio held City Union Bank Ltd.. The five held by the most schemes: City Union Bank Ltd. (CUB), Karur Vysya Bank Ltd. (KARURVYSYA), Navin Fluorine International Ltd. (NAVINFLUOR), Kirloskar Oil Engines Ltd. (KIRLOSENG), Ujjivan Small Finance Bank Ltd. (UJJIVANSFB). Funds holding CUB

What did small cap funds buy and sell in Sep 2026?

Most bought by value of shares added: RHI Magnesita India Ltd. (RHIM), EPL (EPL), Escorts Kubota Ltd. (ESCORTS). Most sold: Star Health and Allied Insurance Company Ltd (STARHEALTH), ICICI Bank Ltd. (ICICIBANK), Meesho Ltd. (MEESHO). All stocks bought and sold by mutual funds, Sep 2026

How many small cap funds are there?

AMFI lists 36 open-ended small cap funds; 31 from 31 fund houses filed an equity portfolio for Sep 2026. Filter every scheme

Other fund categories

Aggressive hybrid Arbitrage Balanced advantage or dynamic asset allocation Balanced hybrid Children's Conservative hybrid Contra Dividend yield ELSS (tax saver) Equity savings Flexi cap Focused Large & mid cap Large cap Life cycle Mid cap Multi asset allocation Multi cap Retirement Sectoral or thematic Value