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)
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
The inputs screen where the category and the reference rank (15) has to be chosenFunds common to shortlist-1 and shortlist-2 can be compared with various benchmarks here either directly or graphically (below)
The comparison with benchmarks can also be done with annual returns
This screener is meant to be used while choosing a new mutual fund and not for performance evaluation.
The return that you have got will be quite different from the annual returns used here.
This is a method to create a shortlist and not ch0ose funds.
The risk associated with consistent performance will have to be separately evaluated.
I suggest that you calculate the downside risk for the funds in your shortlist with this tool: Mutual Fund Downside Protection Calculatorand choose a fund with a consistently low downside capture ratio.
Note: VR has made it necessary to login to see returns. Therefore, please do the following:
Open blank excel
Select Data in the menu
Click get external data and then from web
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.
Then Go to VR online in that window and go to the main page. There will be annoying messages. Dismiss them.
Click on login. If you are not able to do so. Stop the page from downloading and then click login
Login with your email (preferable) and click on remember me.
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
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)
Dr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over nine years of experience publishing news analysis, research and financial product development. Connect with him via Twitteror Linkedinor YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation for promoting unbiased, commission-free investment advice.Use our Robo-advisory Excel Template for a start-to-finish financial plan! Now with a new demo video!⇐More than 1000 investors and advisors use this!Our flagship course!Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions!⇐More than 2800 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 what 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 675 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 you and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos! My new book for kids: “Chinchu gets a superpower!” is now available!Both boy and girl version covers of Chinchu gets a superpower. Most investor problems can be traced to a lack of informed decision making. We have all made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, if we had to groom one ability in our children that is key not only to money management and investing but for any aspect of life, what would it be? My answer: Sound Decision Making. So in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parent’s plan for it and teach him several key ideas of decision making and money management is the narrative. What readers say!Feedback from a young reader after reading Chinchu gets a Superpower!
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Dr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over nine years of experience publishing news analysis, research and financial product development. Connect with him via Twitter or Linkedin or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation for promoting unbiased, commission-free investment advice.
Published by CNBC TV18, this book is meant to help you ask the right questions, seek the correct 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.
This book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.
This is an in-depth 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)