Launched in 2005, Kotak Small Cap Fund (erstwhile Kotak Mid-Cap Fund) followed a mid-cap strategy until SEBI's categorisation rule in 2017 which mandated fund houses to have only one fund in each category. At that time, the AMC decided to retain its Emerging Equity Fund in the mid-cap category and convert the other mid-cap fund into a small-cap one. Since then, the fund has been quick enough to catch up with its new peers and has shown good outperformance in the last four years. Like its mid-cap mate, Pankaj Tibrewal has also been steering this fund for more than a decade now. Who is it suitable for? Being a fund that invests predominantly in the small-cap space, it is riskier and subject to more volatility than large-cap oriented funds. Hence, it is meant to play a supplementary role (as a return booste
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