Skip to content

Equity Mutual Fund Outperformance Screener: April 2017

Use this screener datasheet to choose mutual funds that have consistently outperformed a category benchmark over every possible 3,5,7 year periods from April 3rd 2006 to Mar 31st 2017. Includes a "how-to-use" video. All equity funds and equity-oriented balanced funds (excluding equity savings funds) have been considered**. The method adopted is based on this report:  A simple way to measure mutual fund performance consistency.

 

** Rolling returns for some funds could not be calculated. The list of all such funds can be found in the screener file.

Mutual Fund Performance Consistency Score

Rolling returns are a simple way to estimate how consistency a fund has outperformed a benchmark. Three-year rolling returns have been considered. For example, suppose 1000 such 3Y returns are available for the fund and 800 such returns for the benchmark. Here is an example:

icici-focussed-blue-chip-rolling-retuns

We ask how many times has the fund got a better 3Y return than the benchmark. Suppose 500 such fund returns are higher, the performance consistency score is computed as

= 500/800 = 63%.

The minimum of (1000 and 800) = 800 is used in the denominator.

Higher the consistency score, the better the fund has performed with respect to the benchmark.

The simplest way to understand the efficacy of this method is to consider the performance score of well-known poor performers - certain funds from JM Mutual or LIC Nomura  - and check their consistency score. It would be quite low.

I think any score about 60% is reasonable and above 70% quite good. Less than 50% for the 3Y rolling returns is probably a warning sign to monitor closely.

An excel sheet in which funds can be screened for consistency across categories or per category is attached below.  The benchmarks used are as follows.

CategoryCategory CodeBenchmark
BankingEQ-BANKBSEBankex-TRI
FMCGEQ-CGBSEfmcg-TRI
InfrastructureEQ-INFRABSEInfra-TRI
InternationalEQ-INTLNifty-TRI
ITEQ-ITBSEIT-TRI
Large capEQ-LCBSELargeCap-TRI
Mid-capEQ-MCBSEmidcap-TRI
Multi-capEQ-MLCBSE200-TRI
OthersEQ-OTHNifty-TRI
PharmaEQ-PHBSEhealthcare-TRI
Small CapEQ-SCBSEsmallcap-TRI
ELSSEQ-TPBSE200-TRI
BalancedBalancedBalanced Index

Using the Mutual Fund Screener

The screener sheet in the file contains all entries. To display only one or two categories, the user can click on the grey square (red oval below), then uncheck "select all: and then select the categories required. The screener is easy to use with Excel's data filters.

mutual-fund-screener

If the no of rolling return entries is less than 500 then the fund is quite young to be judged. Higher the entries, the better.

Select a cut off for the consistency score: Above 60% or above 70% as mentioned above and check the funds which have done well. You can use this in combination with the Sep 2016 returns listing.

User Guide

You can view additional guides for

How to select an equity mutual fund in 30 minutes

based on the Mutual Fund Screener Version 6.0 and Freefincal Mutual Fund Screener with SIP Returns and the  freefincal Excel Stock Screener here:

User Guide: how to use the freefincal mutual fund and stock screeners

Do let me know if you any feedback to make this better.

Download the April 2017 Mutual Fund Performance Consistency Screener file

New Delhi DIY Investor Workshop April 23rd 2017

Register for the New Delhi DIY Investor Workshop April 23rd 2017

You Can Be Rich Too With Goal-Based Investing

is my book with PV Subramanyam. It is a jargon-free non-technical introduction to managing your money.  If you have not yet got the book, check out the reviews below and use the links to buy.

A very concise and practical read. No nonsense advice to personal finance.

The best book ever on Financial Freedom Planning. Go get it now!

Your first investment should be buying this book

The (nine online) calculators are really awesome and will give you all possible insights

Thank you, readers, for your generous support and patronage.

Amazon Hardcover Rs. 317  21% OFF!!

Kindle at Amazon.in (Rs. 244.30)

Google Play Store (Rs. 244.30)

Infibeam Now just Rs. 307 use love10 to get additional 10% OFF.  

If you use a mobikwik wallet, and purchase via infibeam, you can get up to 100% cashback!!

  • Ask the right questions about money
  • get simple solutions
  • Define your goals clearly with worksheets
  • Calculate the correct asset allocation for each goal.
  • Find out how much insurance cover you need, and how much you need to invest with nine online calculator modules
  • Learn to choose mutual funds qualitatively and quantitatively.

More information is available here: A Beginner's Guide To Make Your Money Dreams Come True!

What Readers Say

Also Available At

Bookadda Rs. 371. Flipkart Rs. 359

Amazon.com ($ 3.70 or Rs. 267)

Google Play Store (Rs. 244.30)

Subscribe to get posts via email

Your subscription is successful if you are directed to the "Welcome Page"

Install Financial Freedom App! (Google Play Store)


Install Freefincal Retirement Planner App! (Google Play Store)


Find out if you have enough to say "FU" to your employer (Google Play Store)


You Can Be Rich Too With Goal-based Investing A book that can help you ask the right questions about money and find simple solutions. Comes with nine online calculator modules. Read more about the book and order now! 

GameChanger - Forget Startups, Join Corporate & Still Live The Rich Live You want Take that international trip at 50% lower costs! Optimise credit card usage! Set money management on auto-pilot! Read more about the book and order now!

About Freefincal

Freefincal has open-source, comprehensive Excel spreadsheets, tools, analysis and unbiased, conflict of interest-free commentary on different aspects of personal finance and investing. If you find the content useful, please consider supporting us by (1) sharing our articles and (2) disabling ad-blockers for our site if you are using one. We do not accept sponsored posts, links or guest posts request from content writers and agencies.

Blog Comment Policy

Your thoughts are vital to the health of this blog and are the driving force behind the analysis and calculators that you see here. We welcome criticism and differing opinions. I will do my very best to respond to all comments asap. Please do not include hyperlinks or email ids in the comment body. Such comments will be moderated and I reserve the right to delete  the entire comment or remove the links before approving them.

2 thoughts on “Equity Mutual Fund Outperformance Screener: April 2017

  1. whatideas

    Thanks that's really useful. I do have one question though fund like Motilal Oswal MOSt Focused 25 Fund, has beaten the benchmark 100% time for 3 year period, but since the fund was only launched in 2013 it has an unfair advantage, Also its not clear from which date, rilling returns were evaluated.

    Reply

Do let us know what you think about the article

%d bloggers like this: