بہترین سمال اور مڈ کیپ ایکویٹی میوچل فنڈز 2022

Updated on September 26, 2025 , 3129 views

درمیانی اور چھوٹی ٹوپیباہمی چندہ طویل مدت میں اچھے منافع کی فراہمی کی صلاحیت کی وجہ سے ایک معروف منصوبہ ہے۔ ان فنڈز کو طویل مدتی سرمایہ کاری کے اہداف کے لیے دولت کی تخلیق کے بہترین ٹولز میں سے ایک سمجھا جاتا ہے۔ سرمایہ کار اپنے مختلف مقاصد کی منصوبہ بندی کر سکتے ہیں جیسےریٹائرمنٹ پلاننگ، بچے کی اعلیٰ تعلیم یا مکان/گاڑی وغیرہ کی خریداریسمال کیپ فنڈز میوچل فنڈز کی ایک قسم ہے جو درمیانی سے چھوٹے سائز کی کمپنیوں کے اسٹاک میں سرمایہ کاری کرتی ہے۔

ان فنڈز کو عام طور پر ایک کے ساتھ فرموں کے طور پر بیان کیا جاتا ہے۔مارکیٹ کیپٹلائزیشن (MC = کمپنی کی طرف سے جاری کردہ حصص کی تعداد X مارکیٹ قیمت فی حصص) INR 1000-500 کروڑ۔ روایتی طور پر، مڈ کیپس درمیانے درجے کی کمپنیاں ہوتی ہیں، جو اگر اچھی طرح سے چلتی ہیں اور ان کے پاس اچھی کاروباری حکمت عملی ہوتی ہے تو وہ کل کے لیڈر یا بڑے کیپ بن جاتی ہیں۔ حقیقت میں،درمیانی ٹوپی سٹاک نے سال 2015 میں لاج کیپ اور سمال کیپ دونوں اسٹاکس کو پیچھے چھوڑ دیا، جس کی وجہ سود کی کم شرح، کم لاگت، اور اس میں بہتری ہے۔سرمایہ کمی بی ایس ای مڈ کیپ اور بی ایس ای سمال کیپ انڈیکس میں بالترتیب 7.43% اور 6.76% اضافہ ہوا، جب کہ اسی مدت کے دوران بی ایس ای سینسیکس 5.03% گر گیا۔

وہ سرمایہ کار جو مڈ اور سمال کیپ فنڈز میں سرمایہ کاری کرنے کے خواہشمند ہیں، ذیل میں 2500 کروڑ سے زیادہ کے AUM سائز کے ساتھ سرفہرست کارکردگی کا مظاہرہ کرنے والے فنڈز ہیں۔

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2022 میں سرمایہ کاری کے لیے ٹاپ 6 بہترین سمال اینڈ مڈ کیپ فنڈز

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
TATA Mid Cap Growth Fund Growth	₹423.005 ↓ -7.55	₹4,946	-1.9	8.7	-7.9	20.8	24.2	22.7
Sundaram Small Cap Fund Growth	₹255.408 ↓ -4.78	₹3,282	-1.1	14.7	-5.6	20.5	27.7	19.1
Aditya Birla Sun Life Small Cap Fund Growth	₹83.2535 ↓ -1.63	₹4,824	-4.2	11.2	-10	17.5	22.9	21.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Sep 25

Research Highlights & Commentary of 3 Funds showcased

Commentary	TATA Mid Cap Growth Fund	Sundaram Small Cap Fund	Aditya Birla Sun Life Small Cap Fund
Point 1	Highest AUM (₹4,946 Cr).	Bottom quartile AUM (₹3,282 Cr).	Lower mid AUM (₹4,824 Cr).
Point 2	Oldest track record among peers (31 yrs).	Established history (20+ yrs).	Established history (18+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Rating: 3★ (lower mid).	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 24.24% (lower mid).	5Y return: 27.72% (upper mid).	5Y return: 22.94% (bottom quartile).
Point 6	3Y return: 20.80% (upper mid).	3Y return: 20.52% (lower mid).	3Y return: 17.51% (bottom quartile).
Point 7	1Y return: -7.88% (lower mid).	1Y return: -5.56% (upper mid).	1Y return: -9.95% (bottom quartile).
Point 8	Alpha: -3.10 (bottom quartile).	Alpha: 0.97 (upper mid).	Alpha: 0.00 (lower mid).
Point 9	Sharpe: -0.66 (bottom quartile).	Sharpe: -0.47 (upper mid).	Sharpe: -0.56 (lower mid).
Point 10	Information ratio: -0.56 (bottom quartile).	Information ratio: -0.47 (lower mid).	Information ratio: 0.00 (upper mid).

TATA Mid Cap Growth Fund

Highest AUM (₹4,946 Cr).
Oldest track record among peers (31 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.24% (lower mid).
3Y return: 20.80% (upper mid).
1Y return: -7.88% (lower mid).
Alpha: -3.10 (bottom quartile).
Sharpe: -0.66 (bottom quartile).
Information ratio: -0.56 (bottom quartile).

Sundaram Small Cap Fund

Bottom quartile AUM (₹3,282 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 27.72% (upper mid).
3Y return: 20.52% (lower mid).
1Y return: -5.56% (upper mid).
Alpha: 0.97 (upper mid).
Sharpe: -0.47 (upper mid).
Information ratio: -0.47 (lower mid).

Aditya Birla Sun Life Small Cap Fund

Lower mid AUM (₹4,824 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 22.94% (bottom quartile).
3Y return: 17.51% (bottom quartile).
1Y return: -9.95% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.56 (lower mid).
Information ratio: 0.00 (upper mid).

*فنڈز کی اوپر کی فہرست میں 2,500 کروڑ سے زیادہ کے خالص اثاثے ہیں۔ پر ترتیب دیا گیاآخری 3 سال کی واپسی۔.

1. TATA Mid Cap Growth Fund

To provide income distribution and / or medium to long term capital gains. Investments would be focused towards mid-cap stocks.

Research Highlights for TATA Mid Cap Growth Fund

Highest AUM (₹4,946 Cr).
Oldest track record among peers (31 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 24.24% (lower mid).
3Y return: 20.80% (upper mid).
1Y return: -7.88% (lower mid).
Alpha: -3.10 (bottom quartile).
Sharpe: -0.66 (bottom quartile).
Information ratio: -0.56 (bottom quartile).
Top sector: Industrials.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
Largest holding Max Financial Services Ltd (~3.3%).

Below is the key information for TATA Mid Cap Growth Fund

TATA Mid Cap Growth Fund Growth
Launch Date	1 Jul 94
NAV (26 Sep 25)	₹423.005 ↓ -7.55 (-1.75 %)
Net Assets (Cr)	₹4,946 on 31 Aug 25
Category	Equity - Mid Cap
AMC	Tata Asset Management Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.88
Sharpe Ratio	-0.66
Information Ratio	-0.56
Alpha Ratio	-3.1
Min Investment	5,000
Min SIP Investment	150
Exit Load	0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹16,715
31 Aug 22	₹17,573
31 Aug 23	₹21,641
31 Aug 24	₹31,745
31 Aug 25	₹29,666

TATA Mid Cap Growth Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833 Invest Now

Returns for TATA Mid Cap Growth Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Sep 25

Duration	Returns
1 Month	-0.9%
3 Month	-1.9%
6 Month	8.7%
1 Year	-7.9%
3 Year	20.8%
5 Year	24.2%
10 Year
15 Year
Since launch	12.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	22.7%
2023	40.5%
2022	0.6%
2021	40%
2020	24.3%
2019	6.5%
2018	-13%
2017	49.8%
2016	-2.2%
2015	10.8%

Fund Manager information for TATA Mid Cap Growth Fund

Name	Since	Tenure
Satish Mishra	9 Mar 21	4.48 Yr.

Data below for TATA Mid Cap Growth Fund as on 31 Aug 25

Equity Sector Allocation

Sector	Value
Industrials	19.74%
Financial Services	16.26%
Health Care	14.69%
Consumer Cyclical	13.37%
Basic Materials	13.11%
Technology	4.09%
Real Estate	3.98%
Communication Services	3.26%
Consumer Defensive	2.39%
Utility	2%
Energy	1.51%

Asset Allocation

Asset Class	Value
Cash	5.58%
Equity	94.42%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Max Financial Services Ltd (Financial Services) Equity, Since 30 Nov 23 \| 500271	3%	₹165 Cr	1,100,000 ↓ -150,000
Alkem Laboratories Ltd (Healthcare) Equity, Since 31 Mar 21 \| ALKEM	3%	₹140 Cr	278,911 ↑ 8,911
Cummins India Ltd (Industrials) Equity, Since 31 Mar 21 \| 500480	3%	₹131 Cr	369,694
AU Small Finance Bank Ltd (Financial Services) Equity, Since 30 Nov 24 \| 540611	3%	₹126 Cr	1,700,000
UPL Ltd (Basic Materials) Equity, Since 31 Oct 24 \| UPL	2%	₹120 Cr	1,700,000 ↑ 200,000
Patanjali Foods Ltd (Consumer Defensive) Equity, Since 31 Jul 24 \| PATANJALI	2%	₹119 Cr	635,200 ↑ 235,200
Jubilant Foodworks Ltd (Consumer Cyclical) Equity, Since 30 Jun 18 \| JUBLFOOD	2%	₹118 Cr	1,800,000
Lupin Ltd (Healthcare) Equity, Since 31 Dec 22 \| 500257	2%	₹116 Cr	600,000
ICICI Lombard General Insurance Co Ltd (Financial Services) Equity, Since 31 Jul 24 \| ICICIGI	2%	₹116 Cr	600,000
Indian Bank (Financial Services) Equity, Since 31 Oct 21 \| 532814	2%	₹115 Cr	1,848,863 ↑ 448,863

2. Sundaram Small Cap Fund

(Erstwhile Sundaram SMILE Fund)

To primarily achieve capital appreciation by investing in diversified stocks that are generally termed as small and mid-caps and by investing in other equities.

Research Highlights for Sundaram Small Cap Fund

Bottom quartile AUM (₹3,282 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 27.72% (upper mid).
3Y return: 20.52% (lower mid).
1Y return: -5.56% (upper mid).
Alpha: 0.97 (upper mid).
Sharpe: -0.47 (upper mid).
Information ratio: -0.47 (lower mid).
Top sector: Consumer Cyclical.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
High-quality debt (AAA/AA ~100%).
Largest holding Aster DM Healthcare Ltd Ordinary Shares (~3.4%).

Below is the key information for Sundaram Small Cap Fund

Sundaram Small Cap Fund Growth
Launch Date	15 Feb 05
NAV (26 Sep 25)	₹255.408 ↓ -4.78 (-1.84 %)
Net Assets (Cr)	₹3,282 on 31 Aug 25
Category	Equity - Small Cap
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.94
Sharpe Ratio	-0.47
Information Ratio	-0.47
Alpha Ratio	0.97
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹18,459
31 Aug 22	₹19,814
31 Aug 23	₹25,026
31 Aug 24	₹35,242
31 Aug 25	₹33,391

Sundaram Small Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹598,181.
Net Profit of ₹298,181 Invest Now

Returns for Sundaram Small Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Sep 25

Duration	Returns
1 Month	0.9%
3 Month	-1.1%
6 Month	14.7%
1 Year	-5.6%
3 Year	20.5%
5 Year	27.7%
10 Year
15 Year
Since launch	17%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	19.1%
2023	45.3%
2022	-2.1%
2021	60.3%
2020	26.2%
2019	-6.1%
2018	-29.2%
2017	55.6%
2016	-0.1%
2015	7.8%

Fund Manager information for Sundaram Small Cap Fund

Name	Since	Tenure
Rohit Seksaria	1 Nov 22	2.83 Yr.

Data below for Sundaram Small Cap Fund as on 31 Aug 25

Equity Sector Allocation

Sector	Value
Consumer Cyclical	20.38%
Industrials	19.06%
Financial Services	19.02%
Health Care	11.84%
Basic Materials	8.13%
Communication Services	5.23%
Technology	3.41%
Consumer Defensive	3.24%
Real Estate	2.66%
Utility	1.15%

Asset Allocation

Asset Class	Value
Cash	5.8%
Equity	94.11%
Debt	0.1%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Aster DM Healthcare Ltd Ordinary Shares (Healthcare) Equity, Since 30 Nov 23 \| ASTERDM	3%	₹115 Cr	1,898,655
E I D Parry India Ltd (Basic Materials) Equity, Since 31 Jul 24 \| EIDPARRY	3%	₹111 Cr	899,463
Affle 3i Ltd (Communication Services) Equity, Since 31 May 21 \| AFFLE	3%	₹104 Cr	530,036
PNB Housing Finance Ltd (Financial Services) Equity, Since 31 Jul 24 \| PNBHOUSING	3%	₹98 Cr	991,559 ↑ 85,170
Craftsman Automation Ltd (Consumer Cyclical) Equity, Since 30 Jun 24 \| CRAFTSMAN	3%	₹95 Cr	140,821
Safari Industries (India) Ltd (Consumer Cyclical) Equity, Since 28 Feb 21 \| 523025	3%	₹86 Cr	410,809
SJS Enterprises Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| 543387	2%	₹80 Cr	648,946
Cholamandalam Financial Holdings Ltd (Financial Services) Equity, Since 31 Jan 20 \| CHOLAHLDNG	2%	₹75 Cr	395,668
Ujjivan Small Finance Bank Ltd Ordinary Shares (Financial Services) Equity, Since 31 May 24 \| UJJIVANSFB	2%	₹74 Cr	16,665,062
Balrampur Chini Mills Ltd (Consumer Defensive) Equity, Since 31 Aug 20 \| BALRAMCHIN	2%	₹70 Cr	1,184,520

3. Aditya Birla Sun Life Small Cap Fund

(Erstwhile Aditya Birla Sun Life Small & Midcap Fund)

An Open ended Small and Mid Cap Equity Scheme with an objective to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and midcap. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments, in order to meet liquidity requirements from time to time.

Research Highlights for Aditya Birla Sun Life Small Cap Fund

Lower mid AUM (₹4,824 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 22.94% (bottom quartile).
3Y return: 17.51% (bottom quartile).
1Y return: -9.95% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.56 (lower mid).
Information ratio: 0.00 (upper mid).
Top sector: Industrials.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding Navin Fluorine International Ltd (~2.6%).

Below is the key information for Aditya Birla Sun Life Small Cap Fund

Aditya Birla Sun Life Small Cap Fund Growth
Launch Date	31 May 07
NAV (26 Sep 25)	₹83.2535 ↓ -1.63 (-1.92 %)
Net Assets (Cr)	₹4,824 on 31 Aug 25
Category	Equity - Small Cap
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.89
Sharpe Ratio	-0.56
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Aug 20	₹10,000
31 Aug 21	₹18,059
31 Aug 22	₹17,984
31 Aug 23	₹22,820
31 Aug 24	₹30,930
31 Aug 25	₹28,349

Aditya Birla Sun Life Small Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691 Invest Now

Returns for Aditya Birla Sun Life Small Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Sep 25

Duration	Returns
1 Month	-0.4%
3 Month	-4.2%
6 Month	11.2%
1 Year	-10%
3 Year	17.5%
5 Year	22.9%
10 Year
15 Year
Since launch	12.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	21.5%
2023	39.4%
2022	-6.5%
2021	51.4%
2020	19.8%
2019	-11.5%
2018	-22.6%
2017	56.7%
2016	9.7%
2015	13.4%

Fund Manager information for Aditya Birla Sun Life Small Cap Fund

Name	Since	Tenure
Abhinav Khandelwal	31 Oct 24	0.84 Yr.
Dhaval Joshi	21 Nov 22	2.78 Yr.

Data below for Aditya Birla Sun Life Small Cap Fund as on 31 Aug 25

Equity Sector Allocation

Sector	Value
Industrials	18.85%
Consumer Cyclical	17.51%
Financial Services	17.5%
Basic Materials	12.54%
Health Care	12%
Consumer Defensive	7.66%
Real Estate	4.78%
Technology	2.38%
Utility	1.49%

Asset Allocation

Asset Class	Value
Cash	5.3%
Equity	94.7%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Navin Fluorine International Ltd (Basic Materials) Equity, Since 31 Jul 20 \| NAVINFLUOR	3%	₹131 Cr	260,056 ↑ 36,630
Tega Industries Ltd (Industrials) Equity, Since 31 Dec 21 \| 543413	2%	₹107 Cr	560,000 ↓ -52,219
JK Cement Ltd (Basic Materials) Equity, Since 31 Mar 18 \| JKCEMENT	2%	₹107 Cr	160,054 ↓ -11,838
Krishna Institute of Medical Sciences Ltd (Healthcare) Equity, Since 31 Dec 23 \| 543308	2%	₹105 Cr	1,395,824
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 31 Dec 24 \| MCX	2%	₹105 Cr	136,200 ↓ -35,000
TD Power Systems Ltd (Industrials) Equity, Since 30 Jun 23 \| TDPOWERSYS	2%	₹96 Cr	1,890,924 ↓ -33,355
Fortis Healthcare Ltd (Healthcare) Equity, Since 28 Feb 21 \| 532843	2%	₹95 Cr	1,109,322
PNB Housing Finance Ltd (Financial Services) Equity, Since 31 Aug 24 \| PNBHOUSING	2%	₹94 Cr	956,130 ↑ 50,000
Ramco Cements Ltd (Basic Materials) Equity, Since 28 Feb 25 \| RAMCOCEM	2%	₹91 Cr	770,321
Hitachi Energy India Ltd Ordinary Shares (Industrials) Equity, Since 30 Sep 20 \| POWERINDIA	2%	₹90 Cr	44,560 ↓ -5,407

Disclaimer:
یہاں فراہم کردہ معلومات کے درست ہونے کو یقینی بنانے کے لیے تمام کوششیں کی گئی ہیں۔ تاہم، ڈیٹا کی درستگی کے حوالے سے کوئی ضمانت نہیں دی جاتی ہے۔ براہ کرم کوئی بھی سرمایہ کاری کرنے سے پہلے اسکیم کی معلومات کے دستاویز کے ساتھ تصدیق کریں۔