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Domestic stock markets have again returned to the path of rally after months of lethargy. The latest figures are testifying to this fact. The last month i.e. June 2023 has proved to be very good for the domestic market. During the month, the domestic stock markets continuously scaled their all-time highs and set new records one after the other.
Sensex made such a jump
During the last month, the stock markets created a new record on the last trading day i.e. 30 June. On June 30, BSE’s 30-share index Sensex jumped more than 800 points to cross 64,715 points. It reached a high of 64,768.58 points during the trade, which is its new high in the last 52 weeks.
Nifty reached this height
Similarly, on June 30, the NSE Nifty closed near 19,190 points with a jump of 217 points, or 1.14 per cent. This is the new closing high of Nifty. During the trading, it even crossed the 19,200 mark at one point. This happened for the first time in history, when the Nifty crossed the 19,200 mark. Nifty also crossed the level of 19 thousand for the first time only last month.
This is how the market has been throughout the year
During the last one year, BSE Sensex has gained more than 22 percent. Nifty has also gained about 22 percent during this period. This year, both the major domestic stock indices have managed to gain around 6-6 per cent. During the month of June, there has been an increase of about 4-4 per cent in them. Few mutual funds have done better than the broader market.
Mutual funds come in handy here
In fact, mutual funds are considered a very good way to invest in the stock market. The reason behind this is that these fund houses have an army of professionals, who constantly track the market to provide maximum benefits to their subscribers. It is not possible for everyone to understand the stock market and track it continuously. In such a situation, people turn to mutual funds to take advantage of the stock market rally. Today we are going to tell you about 10 such small cap funds, which have not only beaten the market by a huge margin during the last one year, but have also been successful in giving returns of up to 45% to their investors…
10 Best Small Cap Funds:
| Scheme Name | last 1 year return |
| HDFC Small Cap Fund – Direct Plan – Growth | 45.56% |
| Quant Small Cap Fund – Direct Plan – Growth | 41.06% |
| Franklin India Smaller Companies Fund – Direct – Growth | 40.75% |
| Nippon India Small Cap Fund – Direct Plan – Growth | 39.47% |
| Tata Small Cap Fund – Direct Plan – Growth | 39.41% |
| ITI Small Cap Fund – Direct Plan – Growth | 35.60% |
| HSBC Small Cap Fund – Direct Plan – Growth | 34.29% |
| Invesco India Smallcap Fund – Direct – Growth | 33.92% |
| Edelweiss Small Cap Fund – Direct Plan – Growth | 33.40% |
| Sundaram Small Cap Fund – Direct Plan – Growth | 33.21% |
Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. It is never advised here to invest money on behalf of ABPLive.com.
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