Axis Dynamic Equity Fund is yet another dynamic equity fund that proposes to tactically change its asset allocation to reduce risk (with no guarantee that the backtesting will work in the future). When Anish Mohan sent me the funds KIM*, his description piqued my interest to look deeper. Here is a description of its strategy….

So you think you have become financial literate by starting equity mutual fund SIPs assuming that they will beat inflation in the “long run”? Don’t get too comfortable with equity. Don’t assume those fairytale returns from DSP nanocap fund will last. This is how a real market crash “feels” like. Preparing for a presentation can be…

Use this Excel sheet to automatically calculate rolling upside capture, downside capture and rolling returns for equity mutual funds by comparing them with 72 BSE/NSE Indices. While the rolling returns provide a consistency measure for overall reward (return), the upside/downside captures provide a consistency measure for outperformance during up-market periods and protection during down-market periods…

Readers may be aware that I often use rolling returns, where anualized return is calculated between two dates and the calculation dates are shifted to the next possible business day.  I have developed a rolling downside and upside capture calculator and before publishing it, would like to discuss what they are in simple terms. A…

Have you not read the mutual fund past performance disclaimer? Then how can we select mutual funds using past performance alone? In this post, I discuss this question asked by Swati Joshi.  It is no secret many in the financial services dislike me. So their favorite approach to criticism is to claim that my “fund…

Here are two simple mutual fund screeners to automatically create a shortlist from a chosen mutual fund category.  I have combined the monthly screener data – 3,5,7 year performance consistency and 1,2,3,4,5,6,7,8,9,10,11Y SIP and lump sum data to create this screener. Do give this a go and let me know what you think. Why Did…

Use this tool to analyse the consistency in the performance of your mutual fund holdings with respect to their benchmarks (72 indices from BSE and NSE). You can also use this to evaluate new funds that you want to invest in.  This is a major update (version 5 ) to the freefincal mutual fund rolling…

In this post, I discuss what investors need to know before reaching for Best/Top mutual funds with a past vs future performance study along the lines of the one made earlier: Mutual Fund Investing: Does Past Performance Matter? So this post is more of an update to that analysis. Let us assume that you make a lump…

Use this Excel sheet to track and compare the annualized return (XIRR) of your mutual fund investments with that of a benchmark. This is the updated version of the Mutual Fund SIP XIRR Tracker thanks to Krishna Chaitanya who pointed out an error in the sheet. The Nifty strategic indices have also be updated up to April 10th 2017. The sheet…