Last Updated on May 14, 2022 at 7:52 pm
In this article, we explain how you can quickly and easily benchmark your equity mutual fund portfolio consisting of several mutual funds against an index fund (or ETF). Once you follow the steps below, you can check the performance of your portfolio against the index at any time.
We shall be using the Freefincal MF Portfolio Tracker on Google Sheets to accomplish this. In another article, we shall explain how to benchmark a stock portfolio. New readers can check out the video guides in the above link before proceeding.
Shown below is the Screenshot of SIP in Quantum Long Term Equity (QLTE) Fund in the tracker dashboard. This is for a SIP in the fund since April 2006. For simplicity, we have shown only one fund in the portfolio but up to 30 funds can be benchmarked.
![Screenshot of SIP in Quantum Long Term Equity Fund in the tracker dashboard Screenshot of SIP in Quantum Long Term Equity Fund in the tracker dashboard](https://freefincal.com/wp-content/uploads/2022/05/Screenshot-of-SIP-in-Quantum-Long-Term-Equity-Fund-in-the-tracker-dashboard.jpg)
Duplicate this sheet and call it “Benchmark” or any other name you prefer. If you are invested in equity and debt mutual funds, then you will have to remove the debt transactions before proceeding. If you have a lot of transactions, you can copy them out in a different sheet and filter out the debt funds by name. Also, dividend transactions will have to be removed as they cannot be benchmarked.
Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email! 🔥Enjoy massive discounts on our robo-advisory tool & courses! 🔥
Choose an index or ETF to benchmark against. If your portfolio is older than 1st Jan 2013 then you will have to choose regular plan funds or ETFs as the benchmark. ETF NAV may not be available for all dates from April 2006. This method will work only for transactions on or after 3rd April 2006.
We shall choose the UTI Nifty Index fund Regular Plan growth option and use the “Latest NAV” sheet to locate its AMFI code (instructions are available in the sheet).
In the sheet titled “Benchmark”, change the fund name and the AMFI code to that of the benchmark. The XIRR will not yet be computed as the transactions need to be fixed.
![Screenshot of benchmark mutual funds and it AMFI code in the tracker sheet Screenshot of benchmark mutual funds and it AMFI code in the tracker sheet](https://freefincal.com/wp-content/uploads/2022/05/Screenshot-of-benchmark-mutual-funds-and-it-AMFI-code-in-the-tracker-sheet.jpg)
These are the QLTE transactions in the retirement sheet.
![Quantum long term equity fund transactions Quantum long term equity fund transactions](https://freefincal.com/wp-content/uploads/2022/05/Quantum-long-term-equity-fund-transactions.jpg)
When you duplicate the retirement sheet to “benchmark”, (1) Change the name of the fund in the first cell and then copy it down. (2) Delete all NAV entries and (3) copy the dates. Note: If you have debt mutual fund entires, they will need to be removed at this stage.
![Screenshot of benchmark mutual fund transactions in the tracker sheet Screenshot of benchmark mutual fund transactions in the tracker sheet](https://freefincal.com/wp-content/uploads/2022/05/Screenshot-of-benchmark-mutual-fund-transactions-in-the-tracker-sheet.jpg)
Go to the sheet “Find NAV” and enter the fund name and AMFI Code. This sheet will have entires to find the NAV for 10 given dates. You can copy down columns A and B to any number of rows (well up to 10,000!) to suit the number of transactions you have.
![Screenshot of find nav sheet with NAV dates for the benchmark index Screenshot of find nav sheet with NAV dates for the benchmark index](https://freefincal.com/wp-content/uploads/2022/05/Screenshot-of-find-nav-sheet-with-NAV-dates-for-the-benchmark-index.jpg)
Paste the transaction dates from “Benchmark” to Col A of “Find NAV”. You will get the NAV of the benchmark index for the corresponding dates of your transactions. Copy the relevant NAV cells and paste the values into Col E (row 41 and below) of “Benchmark”.
![Benchmark mutual fund transactions with NAV in the tracker sheet Benchmark mutual fund transactions with NAV in the tracker sheet](https://freefincal.com/wp-content/uploads/2022/05/Benchmark-mutual-fund-transactions-with-NAV-in-the-tracker-sheet.jpg)
That is it! Scroll up and look at the XIRR. This is the XIRR of the benchmark index for the same dates and types of transactions in your portfolio.
![Benchmark mutual fund XIRR Benchmark mutual fund XIRR](https://freefincal.com/wp-content/uploads/2022/05/Benchmark-mutual-fund-XIRR.jpg)
So the XIRR for a SIP that is ongoing since April 2006 is 12.71%. If you had invested the same amount in the UTI Nifty Index fund regular plan the XIRR would be 11.37%. Of course, for portfolios started after 1st Jan 2013, the comparison can be done with direct plans.
The above benchmarking process can be done in just 15 minutes even for a new user. Transactions made later can be easily added by the same process.
To learn more about the other features of the mutual fund (and stock) portfolio tracker, please refer to these video guides. You can get the tracker here: Track your mutual fund and stock investments with this Google Sheet!
Mutual Fund Portfolio Tracking
How to benchmark your mutual fund portfolio
Stock Portfolio Tracking
🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& join our community of 5000+ users!
Use our Robo-advisory Tool for a start-to-finish financial plan! ⇐ More than 1,000 investors and advisors use this!
New Tool! => Track your mutual funds and stock investments with this Google Sheet!
We also publish monthly equity mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and momentum, low-volatility stock screeners.
![Follow Freefincal on Google News Follow Freefincal on Google News](https://freefincal.com/wp-content/uploads/2023/07/Follow-Freefincal-on-Google-News.jpg)
![Subscribe to the freefincal Youtube Channel Subscribe to the freefincal Youtube Channel. Subscribe button courtesy: Vecteezy.](https://freefincal.com/wp-content/uploads/2023/07/Subscribe-to-the-freefincal-Youtube-Channel.jpg)
![Follow freefincal on WhatsApp Channel Follow freefincal on WhatsApp Channel](https://freefincal.com/wp-content/uploads/2023/09/Follow-freefincal-on-WhatsApp-Channel-300x83.jpg)
![Listen to the Lets Get Rich with Pattu Podcast Listen to the Lets Get Rich with Pattu Podcast](https://freefincal.com/wp-content/uploads/2023/07/Listen-to-the-Lets-Get-Rich-with-Pattu-Podcast.jpg)
![Lets Get RICH With PATTU podcast on YouTube Lets Get RICH With PATTU podcast on YouTube](https://freefincal.com/wp-content/uploads/2023/08/Lets-Get-RICH-With-PATTU-podcast-on-YouTube-644x362.jpg)
- Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincal
- Have a question? Subscribe to our newsletter using the form below.
- Hit 'reply' to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question.
Join over 32,000 readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email!
About The Author
![Pattabiraman editor freefincal](https://freefincal.com/wp-content/uploads/2019/11/Pattabiraman-author-freefincal-article-bottom.jpg)
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! ⇐ More than 3,000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market condition is!! Watch the first lecture for free! One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
Our new course! Increase your income by getting people to pay for your skills! ⇐ More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos!
Our new book for kids: “Chinchu Gets a Superpower!” is now available!
![Both boy and girl version covers of Chinchu gets a superpower](https://freefincal.com/wp-content/uploads/2021/02/Article-bottom-Chinchu-gets-a-superpower-front-cover-for-girls-and-boys.jpg)
![Feedback from a young reader after reading Chinchu gets a Superpower (small version)](https://freefincal.com/wp-content/uploads/2021/02/For-bottom-Feedback-from-a-young-reader-after-reading-Chinchu-gets-a-superpower.jpg)
Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new ebook is for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
Do you want to check if the market is overvalued or undervalued? Use our market valuation tool (it will work with any index!), or get the Tactical Buy/Sell timing tool!
We publish monthly mutual fund screeners and momentum, low-volatility stock screeners.
About freefincal & its content policy. Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
Connect with us on social media
- Twitter @freefincal
- Subscribe to our YouTube Videos
- Posts feed via Feedburner.
Our publications
You Can Be Rich Too with Goal-Based Investing
![You can be rich too with goal based investing](https://freefincal.com/wp-content/uploads/2016/11/You-can-be-rich-243x300.jpg)
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want
![Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you want](https://freefincal.com/wp-content/uploads/2017/05/2-mini-Cover-pink.jpg)
Your Ultimate Guide to Travel
![Travel-Training-Kit-Cover-new](https://freefincal.com/wp-content/uploads/2019/11/Travel-Training-Kit-Cover-new.jpg)