Over the past year, the Nifty Microcap 250 index has been largely stagnant, delivering returns of less than 1%. Yet beneath this muted headline performance, the real action has been striking: around 26 stocks within the index have surged between 50% and an astonishing 515%, highlighting sharp pockets of wealth creation in an otherwise flat market.Adding another layer of insight, ET Markets filtered the universe further by focusing on microcap stocks held by more than 20 mutual fund schemes as of April 2026. Out of this carefully tracked set, 11 stocks made the cut, and 7 of them turned into multibaggers, more than doubling investors’ wealth in a year. Their strong presence in mutual fund portfolios also signals deeper conviction, as institutional investors typically back companies only after extensive research and due diligence. (Data Source: ACE Equity, ACE MF) ​Little stars