The assets under management (AUM) of small-cap schemes in January 2024 touched a record ₹2.48 lakh crore. It was almost at 83% of the AUM of the large-cap scheme category of ₹2.99 lakh crore in January, as against 44% in August 2021, according to data from Samco Mutual Fund.
Nippon India Growth Fund gave a CAGR return of 25.72 per cent in 5 years, thus letting an investment of ₹one lakh to grow to ₹3.14 lakh. Likewise, it would have grown to ₹7.08 lakh if the same investment were invested for one decade.
Index mutual funds create a portfolio which mirrors a market index. The securities included in the portfolio and their weights are the same as that in the index.