What Is AUM in Mutual Funds? The Bigger Stadium | The 12th Man Episode 003
A bigger crowd doesn't always mean a better match. Discover what Assets Under Management (AUM) really tells you about a mutual fund through cricket.
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Explore 14.5K mutual funds, 5.1K stocks & more14.5KMutual fund schemes
50Fund houses
46SEBI categories
5.1KStocks tracked
Portfolio holdings data as of Jul 2026
Jul 2026 portfolio edition
Broader portfolios
Comparable equity-oriented funds held more companies on average than in the previous disclosure month.
Equity funds compared363
Average holdings72
Average cash allocation0.8%
Latest research · The 12th Man
Follow your money
See where your ₹5,000 actually goes.
A mutual fund is not a black box. Your SIP moves through a fund house, into selected funds and ultimately into real companies.
- Step 1₹5,000
You invest
Your monthly SIP leaves your bank account.
- Step 2
Fund house manages it
Professional managers research and allocate the money.
- Step 3Mid
CapFlexiSmall
CapFunds allocate it
Each scheme follows its own mandate and portfolio.
- Step 4
Real companies
Your money becomes small stakes across underlying businesses.
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We reveal the portfolio
See holdings, sectors, market caps and fund overlap clearly.
Wait — what actually happens to your SIP?
Most people invest every month and never see where the money really goes. Here's the whole journey, in plain English.
Step 1
You invest
A monthly SIP straight from your bank account
₹5,000 / month
Step 2
Goes to a fund house
An AMC such as SBI, ICICI or HDFC pools it
Your AMC
Step 3
Split across your funds
Mid Cap ₹2,500 · Small Cap ₹2,000 · Flexi ₹500
Step 4
Your money buys shares
In real companies — HDFC Bank, Reliance, Infosys…
Real companies
The point
You own a slice of them
Gajamudra shows exactly which stocks you hold
See inside
So a mutual fund isn't separate from the stock market — it is the stock market, just bundled and managed for you. Your ₹5,000 quietly becomes a basket of real companies. Gajamudra simply opens the box so you can see what's inside.
A statement tells you what you own. Not whether it is any good.
Most people hold several funds and a portfolio statement - and still can't answer the questions that actually matter.
01
Hidden overlap
You hold six funds, but four of them own the same top stocks. That is hidden risk you can't see on a statement.
02
No "why"
You can see your returns, but not what a fund is really betting on, or how risky it is underneath.
03
Scattered research
Comparing funds means juggling factsheets and PDFs from every company. There is no single, neutral place to decide.
From portfolio statements to portfolio intelligence
"I already get statements and reports from my provider - what extra value does Gajamudra give me?" Here is the difference.
A traditional portfolio statement
Tells you what you own
- Your funds, units and current value
- NAV and overall returns
- Transaction history
Gajamudra
Actionable portfolio intelligence
Tells you what is inside, and what to do about it
- The real stocks inside every fund you hold
- Overlap - where your funds duplicate each other
- Concentration, style and risk, explained simply
- Side-by-side comparison and peer benchmarks
- One dashboard and independent research
A statement answers "what do I own?"
Gajamudra answers "is it any good, and what should I watch?"
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Analyze any client portfolio, surface opportunities, and turn data into clear, shareable insight.
- Analyze client portfolios in minutes
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- Identify gaps, overlap and opportunities
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What makes Gajamudra different
Other tools list funds and returns. We built the things you can't find anywhere else.
Look-through holdings
We go down to the stock
Most tools stop at the fund. We reveal the actual stocks inside your funds and where they secretly overlap - hidden risk no statement shows you.
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Smart summaries
Numbers, explained for you
We don't just show active share and concentration - we translate them into plain language automatically, so you know what they mean and why they matter.
Independent
No sales bias, ever
We don't sell funds or earn commissions. No distribution targets, no nudges - just neutral, sourced data, so the decision stays yours.
How Gajamudra works
The tools that turn a pile of funds into a clear picture.
Dashboard
Your whole portfolio, at a glance
Every fund you hold in one clean view - value, returns and what changed. No more opening five apps to see where you stand.
Investors: see everything in one place
Professionals: a client's full picture instantly
Funds
7
Current
₹10.1L
Returns
+20.6%
Equity 68%Debt 22%Other 10%
Holding-level analysis
Look inside your funds (the X-ray)
See the actual stocks your funds hold and exactly where they overlap. Find out that "diversified" portfolio is really four bets on the same ten companies.
Investors: uncover hidden concentration
Professionals: prove diversification gaps to clients
| Stock | In funds | Combined |
|---|---|---|
| HDFC Bank | 4 funds | 8.2% |
| Reliance Inds. | 3 funds | 6.1% |
| ICICI Bank | 3 funds | 5.4% |
| Infosys | 2 funds | 4.0% |
Analytics
Pro-grade analysis, in plain language
Run deeper checks - concentration, active share, style and peer comparison - and get a clear, readable summary instead of a wall of numbers. Each analysis costs one Mudra (your free credits).
Investors: understand risk without the jargon
Professionals: instant, defensible analysis
Active share
72%
Top-10 weight
41%
Holdings
54
Std deviation
13.8%
Smart summary: Genuinely active with moderate concentration and a large-cap tilt that keeps volatility in check. Educational only - not investment advice.
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ICICI Prudential Mutual Fund146 funds SBI Mutual Fund121 funds Kotak Mutual Fund117 funds HDFC Mutual Fund109 funds Nippon India Mutual Fund107 fundsLatest research
What Is AUM in Mutual Funds? The Bigger Stadium | The 12th Man Episode 003 The Trojan Horse Story: A Timeless Lesson About Mutual Fund Portfolios The Selection Room: How Fund Managers Choose Stocks Like Cricket Selectors | The 12th Man Episode 002 The Frog That Didn't Notice the Water Changing: A Timeless Lesson About Mutual Fund Portfolio Drift The 12th Man Episode 001 | Understanding Mutual Fund Portfolios Through Cricket | GajamudraWhat are Mudras? (and yes, they are free)
Mudras are free credits that power Gajamudra's analytics tools. Think of them as tokens for running deeper analysis. Browsing, screening and reading are always free - Mudras just unlock the heavy lifting.
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What you walk away with
Not features for their own sake - clearer decisions.
Spot hidden overlap
See where your funds quietly duplicate each other and concentrate risk.
Understand real risk
Know how concentrated, active and risky each fund really is.
Compare like a pro
Put schemes side by side on what matters, not just past returns.
Decide with confidence
Independent, sourced data - so the choice is yours, not a salesperson's.
Questions, answered
How is Gajamudra different from the statements I already receive?
A statement shows what you own - your funds, units, value and returns. Gajamudra turns that into intelligence: the real stocks inside your funds, how much your funds overlap, how concentrated and risky your portfolio is, and how each fund compares with its peers. In short: a statement says "what do I own?"; Gajamudra says "is it any good, and what should I watch?".
Is Gajamudra really free?
Yes - free to start, with no card required. You get free Mudras (credits) on signup that power the analytics tools, and your balance refreshes regularly so everyday research stays free.
What are Mudras?
Mudras are free credits that power the analytics tools. Every new member gets a starting balance, you spend one per advanced analysis, and the balance tops up automatically.
Who is Gajamudra for?
Both everyday investors who want to understand and improve their own investments, and mutual fund professionals who analyze client portfolios, generate reports, spot opportunities and save time.
Does Gajamudra give investment advice?
No. Gajamudra provides independent, data-driven analytics and research for educational purposes only. It is not investment advice. Mutual fund investments are subject to market risks.
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Create your free account Open your dashboard Explore analyticsGajamudra is an independent mutual fund analytics and research platform. All content is for informational and educational purposes only and is not investment advice. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.