Know Your Fund #5: Nippon India Small Cap Fund

Nippon India Small Cap Fund has been an investor favorite. It is the largest small-cap fund in India, almost twice the size of the second-largest.

A look at rolling returns shows that it has beaten the benchmark in the past, consistently. But it is also seeing a recent soft patch. Its risk-adjusted numbers are better than the category average, but not dramatically better. Is this because of the fund's huge size?