{"schema":1,"name":"Small-cap funds: median days to liquidate 25% of the portfolio","meta":{"source":"AMFI, Disclosure of risk parameters for mid-cap and small-cap schemes (monthly), via Data bank amfi_risk_parameters","method":"Stress test as prescribed by AMFI/SEBI and printed in AMFI's disclosure format: the number of days needed to sell 50% (or 25%) of the portfolio pro-rata (every holding sold in proportion to its weight), after removing the least liquid 20% of the portfolio by scrip liquidity, assuming the fund trades 10% participation volume with 3x volumes, i.e. 30% of each stock's 3-month daily average traded volume on NSE and BSE combined. Cash is used pro-rata. Each AMC computes its own figure.","notes":["Matched comparisons keep only scheme IDs in the same category with positive finite 50% liquidation days at both dates. They compare exact prior calendar-month/year endpoints, not the last available month. Median change is the median of each fund's change, not the difference of category medians. Coverage is the matched count as a share of valid acquired disclosures at each endpoint; it does not certify the complete AMFI universe. No matches means no change estimate.","Disclosure starts with the Feb-2024 portfolio (AMFI's first month), so every series starts 2024-02.","AMCs round differently: most print whole days, a few print fractions (e.g. 0.64). Medians near 1-2 days partly reflect rounding.","A month counts as complete when it holds at least 85% of the previous month's schemes in that category; the per-scheme table uses the latest month complete in both categories.","Zero days with zero AUM (a placeholder row) is dropped; zero days otherwise is treated as not disclosed.","From Jul-2026 AMFI returns some rows under new category ids (76, 77) with no category name; the category is taken from the request (strCatId 17 = mid cap, 18 = small cap).","liability_concentration_pct = share of AUM held by the scheme's top 10 investors. Asset-side large/mid/small/cash shares are as printed and need not sum to 100. Std dev, beta and turnover follow AMFI's best-practice circulars 61 and 64 (2015), as in factsheets."],"unit":"days (stress tests); Rs crore (AUM); per cent (shares)","starts":{"all":"2024-02"},"start_rule":{"all":"AMFI's mandated mid/small-cap risk disclosure begins with Feb-2024 portfolios."},"note":"Monthly series of complete months only; value_ago 1w returns the previous month."},"as_of":"2026-08-31","latest":3.0,"value_ago":{"1w":2.5,"1m":2.5,"1y":3.0},"history":{"start":"2024-02-29","observations":31,"min":2.5,"min_date":"2024-07-31","max":4.0,"max_date":"2024-05-31","median":3.0,"percentile_full_history":58.0645,"percentile_last_5y":58.0645}}