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Suppose you had invested in a mid-cap fund, say SBI emerging business from Sep 2010. Here is a tool with which you can compare the current performance of the fund with all other funds in the mid-cap category and its benchmark.
I am not a fan of peer comparison after investing a mutual fund. Many other are. They end up reviewing their fund performance using star ratings. The ratings evaluate funds over a period which is different from the date we started investing in a fund and could significantly influence results.
Here is a tool for fans of peer comparison. They can enter the date they first invested in a mid-cap fund and can calculate SIP returns, lump sum returns, upside capture, downside capture, and capture ratio of all the funds in the Value Research mid-cap category, along with benchmark returns.
The capture ratio for each fund is calculated wrt their own benchmark. Here are a few screenshots.
You can use the comparison sheet to find compare returns, downside protection and capture ratios of all funds in the mid-cap category.
Download the Mid-cap peer comparison analyzer
I will soon expand this tool to include other categories.
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(1) In the Results Sheet, why Sundaram Select Midcap and SBI Magnum Global are not showing Upside/Downside Capture nd Capture Ratios?
(2) If I have an irregular investment – say SIP for some time and a number of lumpsum investments – how do I use the analyzer? Instead of developing your tools in an either/or (SIP/Lumpsum), can you develop them for an actual statement of a/c which can take care of both
1 is because the full index data is not available at Moneycontrol
2 is possible but I feel not necessary for all funds. This feature is available in the Automated Mutual Fund & Financial Goal Tracker
Comparative performance of different funds will be meaningful only with respect to a single benchmark (like the commonly accepted Nifty 50) and not a different benchmark for each fund.
Awaiting the same for other categories. esp Large Cap and Multi Cap