These 5 small cap mutual funds gave over 200% returns in five years of Modi 2.0

Jun 01, 2024, 02:30:15 PM IST

Around five small cap funds gave an absolute return of more than 200% based on daily rolling returns in the last five years of the Modi government’s second term. There were around 201 equity schemes in the last five years.

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Bank of India Small Cap Fund

This small cap fund gave an absolute return of 282.47% based on daily rolling returns in the last five years of the Modi government.

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3/7

Edelweiss Small Cap Fund

Edelweiss Small Cap Fund gave an absolute return of 247.55% based on daily rolling returns in the second term of Modi as PM.

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Canara Robeco Small Cap Fund

This small cap fund offered an absolute return of 231.77% based on daily rolling returns in the last five years of Modi as PM.

ETMarkets.com

Tata Small Cap Fund gave an absolute return of 222.59% based on daily rolling returns in the last five years of the Modi-led government.

Agencies

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Invesco India Smallcap Fund

This small cap fund delivered an absolute return of 214.77% based on daily rolling returns in the last five years of the Modi government.

iStock

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Rolling return: What and Why?

A rolling return is the average of a series of returns over a long period. It is the annualised return of any scheme taken for a specified period. It can be rolled on a daily, monthly, or yearly frequency in the defined period. Due to the different periods involved, the return consistency of the fund over a defined period can be analysed efficiently as it considers both upstream and downstream in the market.

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