ARCHIVED STUDY: DEC 2025

Research Study: AUM vs Performance

Does fund size truly impact returns? A data-driven analysis of the "Small AUM Myth" based on Regular Plans.

⚠️ Note: This chart represents a historical snapshot (Data Universe: Dec 2025). Do not use this for current fund selection.

Cross-Timeline Analysis (Regular Plans)

Comparing average returns across Giant, Mid-Tier, and Small funds over 7, 5, and 3 years.

Summary Observations (From Dec '25 Study)

AUM Dynamics: A Visual Perspective (Regular Plans)

Professional Insight (Regular Plans)

Risk Classification

The Mutual Fund categories discussed on this page are classified as follows based on SEBI Riskometer guidelines (as on Dec 2025):

Very High Risk: Equity (Small Cap, Mid Cap, Large Cap)

Study Universe & Data Source

Point-in-Time Data: This study was conducted using data as on 15 December 2025. The conclusions drawn are based on market conditions prevalent at that time.

Universe Criteria: Regular schemes within the selected category (Large, Mid, or Small Cap) that were older than 3 Years and open for subscription as of the study date.

Sample Distribution: The analysis covers a comprehensive set of funds across Giant, Mid-Tier, and Small AUM sizes.

Survivorship Bias: Limiting the universe to currently active schemes inherently excludes schemes that were merged, closed, or wound up due to poor performance. This may bias the sample towards survivors.

Data Sources: Mutual Fund Factsheets, AMC Personnel, NGEN Research.

Disclaimer & Disclosure

Role & Capacity: Vignesh Kamath is an AMFI-Registered Mutual Fund Distributor (ARN-151148) and NOT a SEBI Registered Investment Advisor (RIA) or Research Analyst. This document represents a Distributor Perspective / Research Study and is for informational/educational purposes only; it is NOT a 'Research Report' as defined under SEBI (Research Analysts) Regulations, 2014.

Return Methodology: Returns displayed are for Regular Plan, Growth Option, based on Daily NAVs. They are point-to-point annualised rolling returns (calculated daily over the observation period). Data is based on publicly available NAVs for Regular Plans. This is a point-to-point comparison for educational purposes only. Past performance is not indicative of future results and is not guaranteed.

Conflict of Interest: As a mutual fund distributor, the proprietor receives commission from the AMCs whose schemes appear in this analysis. This presentation is not a recommendation for any specific investor profile.

Anonymized Data: To ensure objectivity and regulatory compliance, individual fund names are anonymized (e.g., Fund L1, Fund M1).

No Assurance: No scheme-specific performance depicted herein should be construed as a 'promise' or 'assured outcome'. Mutual fund investments are subject to market risks, and the NAVs of schemes may go up or down depending upon the factors and forces affecting the securities market. Please read all scheme-related documents carefully.