What is AUM?
Every rupee an investor has put into a scheme, plus its accumulated gains, minus any redemptions, marked to today’s NAV - add that up across every unit-holder and you get the fund’s AUM. AMCs disclose it monthly per SEBI’s mandated portfolio disclosures.
AUM = Total Units Outstanding × Latest NAV per Unit
Neither higher nor lower is inherently better - a very small fund can have a shorter track record and thinner liquidity, while a very large fund in a narrow category (small/mid cap) can start struggling to enter or exit positions without moving the price.
Real comparison across 6 funds
CHART
AUM (₹ Cr) - 6 real funds
Assets under management as of the fund's latest disclosed portfolio.
Funds compared: Parag Parikh Flexi Cap · DSP Value · ICICI Prudential Value · SBI Focused · Parag Parikh ELSS Tax Saver · SBI Multicap
WHAT THIS MEANS FOR YOU Compare AUM within the same category, not across categories - a ₹50,000 Cr large cap fund and a ₹500 Cr small cap fund can both be perfectly reasonably sized for what they invest in, since small/mid cap categories simply have a smaller total investable universe.
METHODOLOGY Latest month-end AUM as disclosed by each AMC. Data: AMFI disclosures via Punji. Not investment advice.