New Delhi, Aug. 6 -- When comparing mutual fund schemes within the same category, most investors look no further than return figures to make their choice. But the truth is, returns are just the tip of the iceberg. Beneath that lies a rich layer of data that paints the true picture, like portfolio concentration, market cap allocation, churn ratio, cash levels, and the fund manager's style. Each of these plays a critical role in shaping both performance and risk.

Here's a deep dive into why you need to look beyond returns when comparing funds across some of the popular mutual fund categories.

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