Small-cap funds lead FY27 so far, beating mid, flexi and large-cap funds; JM Small Cap tops chart with over 32% return

Small-cap funds have emerged as the best-performing equity category in FY27 so far, delivering an average return of 22.31% between 1 April and 31 July. They were followed by mid-cap funds with 17.22%, flexi-cap funds with 14.06%, and large-cap funds with 10.52% returns.