New Delhi, Oct. 2 -- The size of a mutual fund does not necessarily tell you how well it has performed. Assets under management (AUM) refers to the total value of money managed by a mutual fund scheme on behalf of investors.

Among the 10 largest mutual fund schemes by AUM, performance against their respective benchmarks varies across one-, three-, and five-year periods. While some funds have consistently delivered returns above their benchmarks, others have lagged over certain periods. Here's what you need to know.

The comparison below uses the funds' annualised returns (CAGR) over one, three, and five years against their respective benchmarks.

HDFC Flexi Cap Fund, HDFC Mid Cap Fund and Nippon India Small Cap Fund have outperformed the...