Mutual Fund Screener Version 7.0

Published: May 21, 2016 at 7:10 am

Last Updated on

Use this tool to automatically screen mutual funds based on returns and create a shortlist of consistent performers. The updated version corrects a bug and now includes Benchmark 1 to 12 year CAGRs.

The tool grabs annual returns data from value research for different categories and calculates

  • 12,11,10,9,8,7,6,5,4,3,2 and 1 year returns (CAGR corresponding to lump sum investments)
  • Readers who use the mutual fund selection guide in particular,  How to select an equity mutual fund – Creating a shortlist  will realise that VR online had removed the 7-year return option. Hopefully, this sheet will remove that dependence on VR for Excel users.   
  • The user can input a reference rank, say 15. Then the  number of times, funds have got a return rank below 15 is computed and consistency score is evaluated. Call this shortlist-1
  • Alternatively, funds which have consistently beat category average for 1,2,3 …12-year returns is also computed. Call this shortlist-2
  • The funds common to both shortlists can then be further evaluated with benchmarks.
  • The number of times the funds annual returns were above category average annual returns is also computed. Call this shortlist-3
  • The user gets a list of consistent performers in terms of peer rank in about 15-20 seconds!

Screenshots

mutual-fund-screener-new-1
The inputs screen where the category and the reference rank (15) has to be chosen
mutual-fund-screener-new-2
Funds common to shortlist-1 and shortlist-2 can be compared with various benchmarks here either directly or graphically (below)

mutual-fund-screener-new-3

mutual-fund-screener-new-4
The comparison with benchmarks can also be done with annual returns

How to use video:  How to select an equity mutual fund in 30 minutes!

Note:

  1. This screener is meant to be used while choosing a new mutual fund and not for performance evaluation.
  2. The return that you have got will be quite different from the annual returns used here.
  3. This is a method to create a shortlist and not ch0ose funds.
  4. The risk associated with consistent performance will have to be separately evaluated.
  5. I suggest that you calculate the downside risk for the funds in your shortlist with this tool: Mutual Fund Downside Protection Calculator and choose a fund with a consistently low downside capture ratio.
  6. Alternatively, the Mutual Fund SIP and Lump Sum Rolling Returns Calculators can also be used.
  7. Although the standard past performance disclaimer applies, there is merit in using this method because of these results: Mutual Fund Investing: Does Past Performance Matter?

Note: VR has made it necessary to login to see returns. Therefore, please do the following:

  1. Open blank excel
  2. Select Data in the menu
  3. Click get external data and then from web
  4. Excel will open an internet browser-like window (basically a box where you enter a url)  and there will be annoying script error messages. Dismiss them.
  5. Then Go to VR online in that window and go to  the main page. There will be annoying messages. Dismiss them.
  6. Click on login. If you are not able to do so. Stop the page from downloading and then click login
  7. Login with your email (preferable) and click on remember me.
  8. Now you can exit the browser window and start using the screener. It should work fine now.

Update: July 2018: Version 7 All latest versions are here: Download New Versions: Mutual Fund Lump sum & SIP Screeners

Download Version 6 of the screener (Aug 2016 for windows Excel)

Download the freefincal mutual fund screener (May 2016 windows Excel)

Download the Mac Excel freefincal mutual fund screener (May 2016 Mac Excel)

A google sheets edition without some features is also available Mutual Fund Screener- Google Sheets Edition

Change log

Download the Automated Mutual Fund Screener (Jan 2016)

Thanks to Jignesh Bhavishi for pointing out a mistake (now corrected)

As suggested by Manoj Kumar Idam, instead of shortlisting with CAGR, the annual returns are used. This ensures the each data point is independent of each other.
Update: Version 3.1

Recent changes to VR categories have been incorporated.

The Equity: Mid and Small Cap Category has been split into Equity: Mid Cap and Equity: Small Cap.  Anish Mohan pointed out this change earlier. When he did, the Excel data query was not affected. Now, the change has been incorporated and this update is necessary. Thanks Anish.

Thanks to Omkara V. Balapa for pointing out a mistake (now corrected)

Thanks to Rajnish Ahuja for pointing out a mistake (now corrected)

Do share if you found this useful
Share your thoughts on this topic at the  Reddit freefincal_user_forum

Reach your financial goals like a pro! Join our 1600+ Facebook Group on Portfolio Management! You can now reduce fear, doubt and uncertainty while investing for your financial goals! Sign up for our lectures on goal-based portfolio management and join our exclusive Facebook Community. The 1st lecture is free!
Want to check if the market is overvalued or undervalued? Use our market valuation tool (will work with any index!) or you buy the new Tactical Buy/Sell timing tool!
About the Author Pattabiraman editor freefincalM. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Twitter or Linkedin Pattabiraman has co-authored two print-books, You can be rich too with goal-based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management. He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice. He conducts free money management sessions for corporates and associations on the basis of money management. Previous engagements include World Bank, RBI, BHEL, Asian Paints, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association. For speaking engagements write to pattu [at] freefincal [dot] com
About freefincal & its content policy Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on developments in mutual funds, stocks, investing, retirement and personal finance. We do so without conflict of interest and bias. We operate in a non-profit manner. All revenue is used only for expenses and for the future growth of the site. Follow us on Google News Freefincal serves more than one million readers a year (2.5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication. Freefincal does not publish any kind of paid articles, promotions or PR, satire or opinions without data. All opinions presented will only 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
Our publications

You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingPublished by CNBC TV18, this book is meant to help you ask the right questions, seek the right answers and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. It is also available in Kindle format.
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 wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at low cost! Get it or gift it to a young earner

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new This is a deep dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for Rs 199 (instant download)
Free android apps