India’s smallest listed companies are off to a powerful start in FY26. The Nifty Microcap 250 Index is up about 14%, outpacing the Nifty 50’s 10% rise, but the real story lies deeper—where several microcaps have delivered eye-popping gains, with some turning multibaggers in under eight months.To add credibility to this high-risk space, we filtered for microcap stocks owned by over 10 mutual fund schemes—188 names met the criteria. From these, 13 standout stocks have surged 70% to 150% so far in FY26, with five already doubling investor wealth. (Data Source: ACE Equity, ACE MF) Microcap Winners

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