Mutual fund calculator: Investing in small-cap equity mutual fund is risky but it gives highest return in bulls case. Quant Small Cap Fund — a small-cap equity mutual fund — is a glaring example of it. This equity fund has generated around 35 per cent per annum and it’s benchmark i.e. S&P BSE 250 SmallCap TRI has generated a CAGR of around 28.5 per cent per annum in last 3 year time. Quant Small cap fund has not only beaten all it’s peer funds but also the category average and benchmark in 3 year time frame by generating close to 54 per cent per annum in this time horizon.