Compare your Mid-cap fund performance with category peers

/ M. Pattabiraman / 4 Comments

Published: April 29, 2016 at 9:37 am

Last Updated on

Photo of M Pattabiraman, founder, editor and primary author of freefincal.com By M. Pattabiraman   

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.

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The input screen
The input screen
The comparison sheet. The fund invested is marked red and index is marked blue
The comparison sheet. The fund invested is marked red and index is marked blue

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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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.
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4 Comments

  1. (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

  2. 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.

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