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Reading the Mutual Fund Category Heatmap on /funds

NexImpera's /funds page turns thousands of AMFI scheme codes into one readable heatmap. Here's what each tile actually represents.

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Reading the Mutual Fund Category Heatmap on /funds
Key Takeaway

NexImpera's /funds page turns thousands of AMFI scheme codes into one readable heatmap. Here's what each tile actually represents.

AMFI, the mutual fund industry body, publishes close to 13,991 individual schemes spread across 89 differently-worded category strings — think 'Large Cap Fund', 'Multi Cap Fund', 'Flexi Cap Fund' and dozens of debt and hybrid variants, each with its own exact label. Nobody scans a table of 89 rows every day. The /funds page folds that into roughly two dozen readable buckets and renders them as a single heatmap, updated once a trading session has settled.

What a tile's size and colour actually mean

Tile size reflects how many schemes sit inside that category — a bucket with hundreds of schemes gets a visibly larger tile than a niche category with a handful. Colour reflects the category's average one-day change, calculated per scheme and then averaged across the category, rather than compared at the category's aggregate NAV level. Every tile also prints its actual percentage number, specifically so the direction of the move never depends on reading a colour correctly on a screen that might render it differently.

~13,991
AMFI schemes behind the heatmap
89
Raw AMFI category strings
~24
Readable buckets shown on /funds

Best and worst category, called out directly

Rather than making you scan every tile to find the extremes, the page separately states the best-performing and worst-performing category for the session. That's a convenience layer on top of the heatmap, not a different calculation — it's the same per-scheme average change, just pulled out and labelled for the two categories at either end.

Why this beats checking individual fund NAVs

  • A single scheme's NAV move can be driven by one or two large holdings; a category average, across potentially dozens of schemes, cancels out a lot of that single-fund noise.
  • Comparing categories side by side on one page is faster than opening fifteen different fund NAV pages one at a time.
  • The category view is a starting point for narrowing down, not a replacement for checking a specific scheme's own factsheet before you act on anything.

The heatmap updates once the market-data job for a session has run; until then the page simply shows the most recent completed session rather than a partial, misleading one.

Open the fund category heatmap →

Common questions

Why does AMFI have 89 category strings if /funds only shows about 24?

AMFI's 89 strings include many near-duplicate or narrowly-worded labels across AMCs; fdNormaliseCategory() folds those into roughly two dozen readable buckets so the heatmap is actually scannable in a few seconds.

Is the heatmap colour based on NAV or on scheme-level change?

Scheme-level average one-day change, not the category's aggregate NAV. That choice avoids one or two very large schemes dominating a whole category's displayed colour.

Does the heatmap cover debt fund categories too, or only equity?

It covers whatever AMFI categories exist across the roughly 13,991 schemes, folded into readable buckets -- that includes equity, debt and hybrid categories, not equity alone.

Bottom line

Thousands of AMFI schemes, folded into roughly two dozen readable categories, sized by scheme count and coloured by average daily change -- that's the whole mechanism behind the /funds heatmap. It's a fast way to see what's moving across the fund universe, and a starting point for narrowing down, not a replacement for checking a specific scheme's own factsheet.

Frequently Asked Questions

What a tile's size and colour actually meanTile size reflects how many schemes sit inside that category — a bucket with hundreds of schemes gets a visibly larger tile than a niche category with a handful. Colour reflects the category's average one-day change, calculated per scheme and then averaged across the category, rather than compared at the category's aggregate NAV level. Every tile also prints its actual percentage number, specifically so the direction of the move never depends on reading a colour correctly on a screen that might render it differently.~13,991AMFI schemes behind the heatmap89Raw AMFI category strings~24Readable buckets shown on /fundsBest and worst category, called out directlyRather than making you scan every tile to find the extremes, the page separately states the best-performing and worst-performing category for the session. That's a convenience layer on top of the heatmap, not a different calculation — it's the same per-scheme average change, just pulled out and labelled for the two categories at either end.Why this beats checking individual fund NAVsA single scheme's NAV move can be driven by one or two large holdings; a category average, across potentially dozens of schemes, cancels out a lot of that single-fund noise.Comparing categories side by side on one page is faster than opening fifteen different fund NAV pages one at a time.The category view is a starting point for narrowing down, not a replacement for checking a specific scheme's own factsheet before you act on anything.The heatmap updates once the market-data job for a session has run; until then the page simply shows the most recent completed session rather than a partial, misleading one.Open the fund category heatmap →Common questionsWhy does AMFI have 89 category strings if /funds only shows about 24?

AMFI's 89 strings include many near-duplicate or narrowly-worded labels across AMCs; fdNormaliseCategory() folds those into roughly two dozen readable buckets so the heatmap is actually scannable in a few seconds.

Is the heatmap colour based on NAV or on scheme-level change?

Scheme-level average one-day change, not the category's aggregate NAV. That choice avoids one or two very large schemes dominating a whole category's displayed colour.

Does the heatmap cover debt fund categories too, or only equity?

It covers whatever AMFI categories exist across the roughly 13,991 schemes, folded into readable buckets -- that includes equity, debt and hybrid categories, not equity alone.Bottom lineThousands of AMFI schemes, folded into roughly two dozen readable categories, sized by scheme count and coloured by average daily change -- that's the whole mechanism behind the /funds heatmap. It's a fast way to see what's moving across the fund universe, and a starting point for narrowing down, not a replace…

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Disclaimer: This article is for educational and informational purposes only and does not constitute financial, investment, or tax advice. Please consult a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.