Even in the volatile world of microcap investing, mutual funds have shown surprising confidence. Over the past year, the Nifty Microcap Index slipped 3.5%, yet funds continued to bet on select names. As of July 2025, eight microcap companies featured in the portfolios of over 50 mutual fund schemes, signaling institutional conviction despite the weak market. Leading the pack is Gabriel India, which surged 132% in one year and is held by 55 schemes with Rs 2,297 crore invested. Not all stocks, however, matched this performance. Of the eight, four delivered gains between 20% and 130%, while the rest ended in the red — underscoring the divide between lofty expectations and actual outcomes. (Source: ACE Equity)