Glossary· Portfolio
What is AUM?
Also known as Assets Under Management
The total money the scheme currently manages.
Sourced from AMFI's quarterly average AUM disclosure, so it lags the market by up to a quarter. Size cuts both ways: it signals staying power, but a very large small-cap fund can struggle to enter and exit positions without moving prices.
For the formula and the constants behind this figure, see Methodology.
Guides that use AUM
6 guides put this term to work.
- What a mutual fund actually is (and why it is not a piggy bank)Who holds your money, who merely manages it, and why that separation is the whole safety architecture — plus what a NAV is, and what it is not.
- Decoding the alphabet soup: AMC, trustee, custodian and registrarThe company whose name is on the fund does not hold your money. Who does, why the structure is fragmented on purpose, and what an AMC failure would actually mean.
- Micro-cap funds: the riskiest edge of Indian equitySEBI has no micro-cap category — you are buying the undefined tail below the small-cap floor, where the premium is for illiquidity and fragility rather than volatility.
- ESG funds: investing with a conscience, or paying for a label?India's rules are stricter than most — six declared strategies and a 65% assured-BRSR-Core requirement. What that does and does not settle about greenwashing.
- Herd mentality: why buying what everyone else owns failsSocial proof works everywhere except markets, where the crowd's buying has already changed the price — and where crowding turns a decline into a liquidity event.
- Anatomy of a legendary fund run — and why it endedThe five phases every great run follows, why most investors arrive at phase four, and how to separate skill from a style tailwind using numbers rather than the story.
More on portfolio
What the fund actually holds, aggregated from its published holdings.
- P/E ratio
- The weighted-average P/E of the fund's equity holdings.
- P/B ratio
- The weighted-average price-to-book of the fund's equity holdings.
- Average market cap
- The weighted-average size of the companies the fund holds.
- Large / mid / small cap split
- How the equity portfolio divides across the three SEBI size bands.
- ASM
- An NSE flag on a stock showing unusual price or volume activity.