Over the past year, while the Nifty Microcap 250 index remained largely unchanged, several microcap stocks backed by mutual funds demonstrated remarkable performance. Economic Times Markets identified 11 such microcap companies held by more than 20 mutual fund schemes as of April 2026. Among these, seven stocks turned multibaggers, reflecting strong institutional conviction and significant wealth creation in specific microcap market segments. This trend underscores the selective opportunities within the microcap space, despite broader market stagnation in this category. Despite the Nifty Microcap 250 index remaining largely flat over the past year, several microcap stocks delivered extraordinary gains. The update was published on 22 May 2026, 1:15 pm.