Mutual Fund Analyzer: Fund A vs. Fund B

Published: May 14, 2016 at 6:00 am

Last Updated on

Ever wondered which to choose between Franklin Blue Chip and ICICI Blue Chip? Between HDFC Balanced and ICICI Balanced? Here is a mutual fund analyzer that goes beyond mere return comparison. It can be used each time you wish to make a choice or to compare how your fund did relative a ‘hot fund’ everyone is talking about!

Personally, I do not engage in such comparison and do not recommend them. However, many investors do want to do such a comparison. Therefore, I felt it is better to modify the Mutual Fund Risk and Return Analyzer and compare two funds, call them Fund A  and Fund B on a risk-adjusted basis.

Sometimes a holistic view of risk and reward could investors that their holdings and choices are not so bad after all (compared to that ‘hot fund’!).

I had recently used this tool to compare Tata Balanced Fund vs. HDFC Balanced Fund. The tool was first published in Aug 2012. I have now modified the sheet to extend calculations up to 10 years.

Here is a comparison between Franklin Blue Chip and ICICI Blue Chip to illustrate the features.

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The input sheet. Fund A = Franklin Blue Chip and Fund B = ICICI Focussed Blue Chip
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The results page listing SIP and lump sum returns
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Returns plot. Notice Franklin has done well recently
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The risk-return score which uses a total of 20 metrics (2 of them SIP and lump sum returns) to gauge funds on risk-adjusted basis. A score of higher than 50% means fund A has done better.
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Upside and downside capture analysis. If upside capture >100% fund A has beat fund B when fund B returns were positive. If downside capture <100% then fund A has beat fund B when fund B returns were negative.

Read more: Simplify Mutual Fund Analysis with Upside/Downside Capture Ratios

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NAV movement in the last two years with Ulcer index. Higher ulcer index is more stress to investors!

Read more: Mutual Fund Analysis With the Ulcer Index

Latest version: Download the Fund A vs Fund B analyser (May 2016)

Fund A vs. fund B risk-return analyser (old version) (aug 2014)

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About the Author

M Pattabiraman author of freefincal.comM. 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 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, TamilNadu Investors Association etc. For speaking engagements write to pattu [at] freefincal [dot] com

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27 Comments

  1. Pattabiraman Murari This articles and your entire blog celebrates the marriage of personal finance with technology backed by Human Intelligence. Wish you great health !

  2. Pattabiraman Murari This articles and your entire blog celebrates the marriage of personal finance with technology backed by Human Intelligence. Wish you great health !

  3. Hi Pattu,

    It is great article and very good comparative between 2 mfs. Is it possible to extend this to basket of mutual funds (example 5 -10) so that in one go, 10 could be compared and results table can show top to bottom based on ranking. It will help folks to take decision.

    Thanks for the great article and excel file.

    Regards,
    Anjani Singh

  4. Hi, Can you please include UTI equity fund ? Currently there is “UTI – Equity Fund-Income Option”. I am not sure if it is the same fund. I tried adding UTI – Equity fund, in the “Add new AMFI Record” section but was unable to do so. Thanks in advance !!

  5. Thank You Sir .

    Between HDFC Equity Growth and Birla Sunlife Frontline Equity Growth , The sense of data I get its very tough to make a selection between the two.

    Can any one share their own opinion between the two Fund , if I have to opt for one.

    Thank You.

  6. Thanks for all the resources.

    I assume, one can compare most mutual funds using this template. I was trying to compare HDFC Balanced fund and ICICI Prudential balance fund but HDFC AMC and ICICI Prud balanced fund was missing on Step 1-4. Can you guide me what I’m doing wrong.

    Thank you.

  7. Hi Sir,
    Thanks for the tools and articles, i got introduced to mutual funds and goal based investment from your blog.

    I found one issue with the fund A vs fund B analyzer.
    As the database is missing few funds, when we add a new fund, it gets updated at only one place ( for fundA ) column and it leads to a problem when we want to compare two funds which are not there in database.

    I analyzed your code and found the fix, the fix is simple
    in module10

    below this code,
    Range(Cells(2, 12), Cells(2, 14)).Select
    Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
    :=False, Transpose:=False

    insert a new code to update data for fund B also
    Range(Cells(2, 79), Cells(2, 81)).Select
    Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
    :=False, Transpose:=False

    Hope this helps someone facing same issue.

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