Which fund is better, an HDFC small cap or a Reliance small cap for a duration of 12 years?

In the long run it is not right to stick to any one fund, one has to monitor every year and review portfolio.

Having said that, the recent 2–3 year past track record of Reliance Small Cap fund is slightly better than HDFC small cap fund. This is not an advice. Please invest with the help of a SEBI Regd Investment Advisor.

Useful links:

https://www.jama.co.in/direct-mutual-funds/sundaram-large-and-midcap-fund/best-equity-midcap-direct-plan-mutual-funds/reliance-small-cap-fund/best-equity-smallcap-direct-plan-mutual-funds/fund-104/
https://www.jama.co.in/direct-mutual-funds/best-equity-smallcap-direct-plan-mutual-funds/

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