Top small-cap fund of 10 years has recently bought 2 stocks

If you’re looking for long-term wealth from India’s small-cap space, it’s hard to ignore the Nippon India Small Cap Fund. With a 10-year annualised return of 22.7 per cent, it tops the charts among all small-cap funds in the country, rewarding disciplined investors handsomely. And in May 2025, this top performer quietly made two interesting new bets. Nippon small-cap fund’s new additions last month Ramco Cements – Comprises 1.35 per cent of the small-cap fund’s portfolio. A seasoned mid-cap in the cement space, Ramco is known for its efficient cost structure and expanding footprint in South and East India. Belrise Industries – 1.21 per cent of equity portfolio Belrise is an auto ancillary player with growing focus on EV components. These first-time entries are not token purchases either. With over 1 per cent weight each, they’re significant allocations because Nippon India