Results: Mutual Fund Screener

Here is  a couple of results from the automated mutual fund screener published last week. The main aim behind creating the tool is to enable users to rapidly shortlist mutual funds in a given category. This post primarily serves as an advertisement for the screener 🙂

Consistent performers (top 15) Equity-oriented Balanced funds

Balanced-funds-Rank

How to interpret results: BirlaSun Life 97 Fund has over the past 12 years always remained in the top 15 when  12,11,10,9,8,7,6,5,4,3,2 and 1 year returns (CAGR corresponding to lump sum investments) are considered. It therefore has a consistency score of 100%.

By the same count, DSPBR Balanced fund has only managed a score of 75%.

The rank (in this case top 15) can be changed by the user. I personally prefer casting a wider net.

Consistent performers (category average) Equity-oriented Balanced funds

Balanced-funds-CA

How to interpret results: BirlaSun Life 97 Fund has over the past 12 years always beat the category average when  12,11,10,9,8,7,6,5,4,3,2 and 1 year returns (CAGR corresponding to lump sum investments) are considered. It therefore has a consistency score of 100%.

This post is not a recommendation for said fund!

The overlap between results depends on the rank input by the user (top 10 or 15 etc.)

This allows us to quickly create a shortlist.

Here are similar results for Mid and Small-cap funds

Consistent performers (top 15) Mid- and small-cap funds

Mid-and-small-cap-CA

Consistent performers (category average) Mid- and small-cap funds

Mid-and-small-cap-CA

What do you make of these results? I personally prefer older funds with a consistent track record. In the mid- and small-cap category, it might be a good idea to consider consistent performers that no one is talking about (therefore small AUM).

Note:

  1. This screener is meant to be used while choosing a new mutual fund and not for performance evaluation.
  2. The return that you have got will be quite different from the annual returns used here.
  3. This is a method to create a shortlist and not ch0ose funds.
  4. The risk associated with consistent performance will have to separately evaluated.
  5. I suggest that you calculate the downside risk for the funds in your shortlist with this tool: Mutual Fund Downside Protection Calculator and choose a fund with a consistently low downside capture ratio.
  6. Although the standard past performance disclaimer applies, there is merit in using this method because of these results: Mutual Fund Investing: Does Past Performance Matter?

Download the Automated Mutual Fund Screener

18 thoughts on “Results: Mutual Fund Screener

  1. I have been investing in ICICI prudential value discovery fund, HDFC mid-cap opportunities fund & Religare invesco mid n small cap fund. First 2 appear in your list and what is the rank of the 3rd fund?

  2. I have been investing in ICICI prudential value discovery fund, HDFC mid-cap opportunities fund & Religare invesco mid n small cap fund. First 2 appear in your list and what is the rank of the 3rd fund?

  3. “In the mid- and small-cap category, it might be a good idea to consider consistent performers that no one is talking about (therefore small AUM).” There was a post on your blog, showing the irrelevance of AUM on fund performance… Is there any reason for the conclusion above ? If so, why this is limited to mid n small cap category only?

    Thanks!

    1. Once inflows suddenly star increasing in a mid and small cap fund, it will change character and take on large caps. Hence the above statement. performance may or may not be affected.

  4. “In the mid- and small-cap category, it might be a good idea to consider consistent performers that no one is talking about (therefore small AUM).” There was a post on your blog, showing the irrelevance of AUM on fund performance… Is there any reason for the conclusion above ? If so, why this is limited to mid n small cap category only?

    Thanks!

    1. Once inflows suddenly star increasing in a mid and small cap fund, it will change character and take on large caps. Hence the above statement. performance may or may not be affected.

Leave a Reply

Your email address will not be published. Required fields are marked *