In a classroom of small-cap funds, SBI Small Cap Fund is the topper. They added another feather in the cap in the year that just went by. The (out) performance After a muted 2021, SBI Small Cap Fund came back in vogue last year, delivering an impressive 9.28 per cent returns against the benchmark and category average of 3.64 per cent and 1.26 per cent, respectively. Winners and losers Among its top holdings, Fine Organic Industries, Lemon Tree Hotels, Rajratan Global Wire, Timken India and Vedant Fashions did the bulk of the heavy lifting and helped the fund outperform. At the other end of the spectrum were Finolex Industries, GR Infraprojects, Hatsun Agro Product, JK Cement and Sheela Foam. The fund manager, however, did not miss an opportunity to take advantage of the correction in some of his conviction holdings. Finolex Industries and
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