New Delhi, June 6 -- In investing, widely accepted assumptions are often treated as established truths. One common perception is that small-cap mutual funds consistently outperform large-cap funds over the long run. And hence, nvestors with a high-risk appetite should have higher allocation to small cap funds to enhance their portfolio performance.

To find out, PhonePe recently published a study Crisp Mutual Fund Scorecard that analysing 20 years of historical data on the relative performance of the small cap versus the large cap market segments.

For this analysis, the study used the Nifty Small Cap 250 TR Index and the Nifty 100 TR Index to represent the small cap and large cap segments, respectively.

(Source: CRISP MF Scorecard March...