AUM giants lose to smaller equity funds: The surprising gap in 1-year returns investors need to know about
· livemint.com
A fund with a massive AUM is not necessarily the one delivering the highest returns. A look at one-year performance shows why investors should not use fund size as a shortcut for choosing equity mutual funds.
If you are choosing an equity mutual fund mainly because it has a large AUM (assets under management), you may be relying on the wrong indicator. AUM represents...