Last Updated on

Use this automated mutual fund rolling returns calculator to evaluate the consistency in performance of a mutual fund over any interval from April 3^{rd} 2006 onward. You can compare results with benchmarks like Sensex, CNX Nifty, CNX Small-cap, and CNX Mid-Cap.

This version is a major improvement over the previous **Excel Rolling Returns Calculator**. The analysis section also includes plots of the NAV with the index and rolling returns.

If you wish to know what is rolling returns and why one should calculate it, you can consult this **post **or **this article**

Let us briefly discuss why a rolling return calculation is important.

Suppose we would like to know, how *consistent* a mutual fund has performed, how **often **has it performed better or worse than its benchmark (or a closely related index), how would be go about it?

In a rolling returns calculation, the key output is the **frequency** of outperformance. The present version allows evaluating how often the fund has outperformed its benchmark in the interval chosen for analysis.

Thus rolling returns analysis allows us to evaluate the consistency in the funds performance over different market conditions.

**Note: ** Rolling returns analysis is useful but **understanding market volatility** is more important. Evaluating rolling returns for last 1-2 years only makes little sense to me. You will need to look at a wider time interval.

## Results using the Mutual Fund Rolling Returns Calculator

**HDFC Top 200 compared with BSE- Sensex**

**1-year rolling returns of HDFC Top 200 vs. BSE Sensex (April 3rd 2006 to 24th October 2013)**

**3-year rolling returns of HDFC Top 200 vs. BSE Sensex (April 3rd 2006 to 24th October 2013)**

**5-year rolling returns of HDFC Top 200 vs. BSE Sensex (April 3rd 2006 to 24th October 2013)**

**What do these results tell us?**

- The fund has underperformed recently? Yes of course!
- The longer you stay invested in the fund, the higher the chances of getting a return that is better than the index? Yes of course!

Question is, which of these two results will you pay more attention to?

My choice: No. 2 (read this **DIY analysis of HDFC Top 200** to learn why.

**Further results from the mutual fund rolling returns calculator for HDFC Top 200**

Rolling return interval | Chance of beating index |

1Y | 78% |

2Y | 87% |

3Y | 92% |

5Y | 99% |

I am pretty comfortable with these numbers. Are you?

Version 5: ** Download the multi-index rolling returns calculator June 2017**

** Download the Automated Mutual Fund Rolling Returns Calculator **(Oct. 2013)

**About the Author**M. Pattabiraman(PhD) is the author and owner of freefincal.com. He is an associate professor at the Indian Institute of Technology, Madras since Aug 2006. Follow @freefincal “

**Pattu**” as he is popularly known, 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. Pattu publishes unbiased, promotion-free research, analysis and holistic money management advice. Freefincal serves more than one million readers a year (2.5 million page views) with numbers based analysis on topical issues and has more than a 100 free calculators on different aspects of insurance and investment analysis. He conducts free money management sessions for corporates and associations(see details below). Previous engagements include

*World Bank*, RBI,

*BHEL*, Asian Paints, TamilNadu Investors Association etc.

**Contact information:**freefincal {at} Gmail {dot} com (sponsored posts or paid collaborations will not be entertained)

**Want to conduct a sales-free "basics of money management" session in your office?**

**Connect with us on social media**

**Twitter @freefincal****Facebook**- Subscribe to our
**Youtube Videos** - Posts feed via:
**Feedburner** **Pinterest**

**Content Policy**

Freefincal has original unbiased, conflict-of-interest-free, topical reports, reviews, commentary and analysis on all aspects of personal finance like mutual funds, stocks, insurance etc. All guest authors and contributors to the site also do not have any conflict of interest. If you find the content useful, please consider supporting us by (1) sharing our articles and (2) disabling ad-blockers for our site if you are using one. **No promotional content**.

**We do not accept sponsored posts and link exchange requests from content writers and agencies**. This is our privacy policy

**Our website is non-profit in nature**. The revenue from the advertisement will only be used for hosting charges, domain registration charges, specific plugins necessary for traffic growth and analytics services for search engine optimisation.

**Do check out my books**

**You Can Be Rich Too with Goal-Based Investing**

**My first book is meant to help you ask the right questions, seek the right 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.

**Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want**

**My second book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at low cost!**

**Get it or gift it to a young**

**earner**

**The ultimate guide to travel by Pranav Surya**

This is a deep 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 ₹199 (instant download)**

**Free Apps for your Android Phone**

All calculators from our book, “You can be Rich Too” are now available on Google Play!Install Financial Freedom App! (Google Play Store)

Install Freefincal Retirement Planner App! (Google Play Store)

Find out if you have enough to say "FU" to your employer (Google Play Store)

Very nice post! Very well explained.

Thanks Ayush.

Very nice post! Very well explained.

Thanks Ayush.

Dear Pattu, superb presentation! Thanks.

Many thanks.

Dear Pattu, superb presentation! Thanks.

Many thanks.

The calculator is amazing! Especially the analysis and graphs.

Thanks for trying it out, Ayush.

The calculator is amazing! Especially the analysis and graphs.

Thanks for trying it out, Ayush.

Thanks for this

Thank you for trying it out.

Thanks for this

Thank you for trying it out.

Thank you

Thanks for using it. Keep visiting.

Thank you

Thanks for using it. Keep visiting.

Dear Pattu,

I have been exploring your “Mutual Fund Rolling Returns” calculator, and I found it very useful.

Perhaps there is a bug, though: For fund “ICICI Prudential Nifty Junior Index Fund – Regular Plan – Growth” compared to Nifty, starting on 28-6-10 and going till 23-10-13, the Analysis sheet has a lot of “#VALUE” errors.

I think the reason could be that in sheet Fund, column D, the formula you use is =IF(D10=1,IF(A10=””,””,IF(MAX($A$10:$A$6002)>A10,IF(ISERROR(F10-B10/B10),0,1),””)),0)

Perhaps you meant:

=IF(D10=1,IF(A10=””,””,IF(MAX($A$10:$A$6002)>A10,IF(ISERROR((F10-B10)/B10),0,1),””)),0)?

(Note the extra parenthesis in the ISERROR function.)

Also, I don’t think the submit button on the “Contact us” page works. After I typed the stuff above into the text box and hit Submit, it took me to an error page asking “Are you sure you want to do this?” and nothing else.

Thanks again and regards,

Mallu

Hi,

Thank you. There is no bug in the calculator. Just that I have not included enough error messages.

Yes (a-b)/c is correct and no a-b/c. However in the present context, I am only looking for errors so it should not matter.

The problem is because of the following.

1. NAV exists only from June 2010. So rolling return duration cannot be too long.

2. First entry in NAV data for 28 June 2010 is “NA” as given by AMFI! So this have to be manually removed. The first entry in fund sheet should be for 29 June 2010.

3. Start date in inputs sheet should be on or after 29 June 2010.

Once these are taken care, results will show.

Thanks. I will have a look at the contact page.

Dear Pattu,

I have been exploring your “Mutual Fund Rolling Returns” calculator, and I found it very useful.

Perhaps there is a bug, though: For fund “ICICI Prudential Nifty Junior Index Fund – Regular Plan – Growth” compared to Nifty, starting on 28-6-10 and going till 23-10-13, the Analysis sheet has a lot of “#VALUE” errors.

I think the reason could be that in sheet Fund, column D, the formula you use is =IF(D10=1,IF(A10=””,””,IF(MAX($A$10:$A$6002)>A10,IF(ISERROR(F10-B10/B10),0,1),””)),0)

Perhaps you meant:

=IF(D10=1,IF(A10=””,””,IF(MAX($A$10:$A$6002)>A10,IF(ISERROR((F10-B10)/B10),0,1),””)),0)?

(Note the extra parenthesis in the ISERROR function.)

Also, I don’t think the submit button on the “Contact us” page works. After I typed the stuff above into the text box and hit Submit, it took me to an error page asking “Are you sure you want to do this?” and nothing else.

Thanks again and regards,

Mallu

Hi,

Thank you. There is no bug in the calculator. Just that I have not included enough error messages.

Yes (a-b)/c is correct and no a-b/c. However in the present context, I am only looking for errors so it should not matter.

The problem is because of the following.

1. NAV exists only from June 2010. So rolling return duration cannot be too long.

2. First entry in NAV data for 28 June 2010 is “NA” as given by AMFI! So this have to be manually removed. The first entry in fund sheet should be for 29 June 2010.

3. Start date in inputs sheet should be on or after 29 June 2010.

Once these are taken care, results will show.

Thanks. I will have a look at the contact page.

Hi Pattu,

Do you have Mutual Fund FMP return calculator along which will also deduct tax and will provide me the returns I may get?

Thanks a lot!

Excellent Service!

Many thanks Navin. Difficult to estimate returns on FMP. However if you have some return expectation, you can calculate post-tax returns using my any of my FD vs Debt fund calculators

http://freefincal.com/fd-rd-debt-mutual-fund-calculators/

Hi Pattu,

Do you have Mutual Fund FMP return calculator along which will also deduct tax and will provide me the returns I may get?

Thanks a lot!

Excellent Service!

Many thanks Navin. Difficult to estimate returns on FMP. However if you have some return expectation, you can calculate post-tax returns using my any of my FD vs Debt fund calculators

http://freefincal.com/fd-rd-debt-mutual-fund-calculators/

Please can you send me .xls file to my email ” qamarmirza110@gmail.com , thanks heaps.

Hi Qamar, I tried to convert this to .xls. Some cells give an error. So I don’t this it is wise to convert. Sorry.

Please can you send me .xls file to my email ” qamarmirza110@gmail.com , thanks heaps.

Hi Qamar, I tried to convert this to .xls. Some cells give an error. So I don’t this it is wise to convert. Sorry.

Pattu Sir,

You are Ek Number.

Thank you for all these useful excel sheets…….dil se.

Sincerely,

Swapnil

Thank you for your kind appreciation, dear Swapnil. You made my day.

Pattu Sir,

You are Ek Number.

Thank you for all these useful excel sheets…….dil se.

Sincerely,

Swapnil

Thank you for your kind appreciation, dear Swapnil. You made my day.

Dear Pattu

Thanks for your prompt response on the SIP calculator, similar to that can we have the similar indexes for automated rolling return also as it will give an apple to apple comparison of fund being compared with its benchmark index as mentioned in the fund fact sheet.

God Bless You.

Regards

Satya S Mishra

Thank you. Yes I am planning to make one along those lines.

Dear Pattu

Thanks for your prompt response on the SIP calculator, similar to that can we have the similar indexes for automated rolling return also as it will give an apple to apple comparison of fund being compared with its benchmark index as mentioned in the fund fact sheet.

God Bless You.

Regards

Satya S Mishra

Thank you. Yes I am planning to make one along those lines.

Dear Pattu

Congratulations for the wonderful work that you are doing, kindly accept my heartfelt gratitude for adding Chronic Illness Expense Calculator,Automated Mutual Fund and Financial Goal Tracker and updating the SIP returns calculator.

This Automated Rolling Returns calculator will become even better if we can add more indexes as you have added in the SIP return calculator.

I can understand you are working on many calculators , but this one needs your help.

Thanks again and God Bless You.

Regards

Satya S Mishra

Thank you. I will get to this asap.

Dear Pattu

Congratulations for the wonderful work that you are doing, kindly accept my heartfelt gratitude for adding Chronic Illness Expense Calculator,Automated Mutual Fund and Financial Goal Tracker and updating the SIP returns calculator.

This Automated Rolling Returns calculator will become even better if we can add more indexes as you have added in the SIP return calculator.

I can understand you are working on many calculators , but this one needs your help.

Thanks again and God Bless You.

Regards

Satya S Mishra

Thank you. I will get to this asap.

Dear Mr. Pattu,

Really Nice Work. Appreciate your efforts & contribution for the benefit of MF Industry.

I just downloaded the Automated Rolling Returns Calculator. When I click to Download Index Data, error appears that the Internet Address is not valid. I have tried changing dates as suggested but the error appears for all the dates. There is no problem for Downloading Fund NAV.

Please Assist. Thanks.

Thank. I will check the issue. Thanks. In the meantime, please use the latest version:

http://freefincal.com/multi-index-mutual-fund-rolling-returns-calculator/

Dear Mr. Pattu,

Really Nice Work. Appreciate your efforts & contribution for the benefit of MF Industry.

I just downloaded the Automated Rolling Returns Calculator. When I click to Download Index Data, error appears that the Internet Address is not valid. I have tried changing dates as suggested but the error appears for all the dates. There is no problem for Downloading Fund NAV.

Please Assist. Thanks.

Thank. I will check the issue. Thanks. In the meantime, please use the latest version:

http://freefincal.com/multi-index-mutual-fund-rolling-returns-calculator/

hanks a lot sir..

but i am facing one problem I updated data for motilal oswal mutual fund

msg. showed it is updated … but it is not showing in calculation part .

hanks a lot sir..

but i am facing one problem I updated data for motilal oswal mutual fund

msg. showed it is updated … but it is not showing in calculation part .

Thank you very much

Thank you very much

Dear Pattu,

I got redirected here to this calculator excel via your reply to my comment under post : “Multi-index Mutual Fund Rolling Returns Calculator”.

I tried UTI – Equity fund Growth option. Start date : default, End date 6/5/2015, tenure 9 years and interval=365 days. Under fund sheet there are div/0 errors. Index values are working and I have taken BSE sensex as index.

From what i know, this fund was renamed in 2005 so it did exist even in 2006.

Please check if it works for you.

Many thanks in advance !!

Two dates have zero NAV listed. This is the reason for the error. Not much can be done about this. The rolling returns graph is still fine.

Dear Pattu,

I got redirected here to this calculator excel via your reply to my comment under post : “Multi-index Mutual Fund Rolling Returns Calculator”.

I tried UTI – Equity fund Growth option. Start date : default, End date 6/5/2015, tenure 9 years and interval=365 days. Under fund sheet there are div/0 errors. Index values are working and I have taken BSE sensex as index.

From what i know, this fund was renamed in 2005 so it did exist even in 2006.

Please check if it works for you.

Many thanks in advance !!

Two dates have zero NAV listed. This is the reason for the error. Not much can be done about this. The rolling returns graph is still fine.