Use this tool to analyse the consistency in performance of your mutual fund holdings with respect to their benchmarks (72 indices from BSE and NSE). You can also use this to evaluate new funds that you want to invest in. This is a major update (version 5 ) to the freefincal mutual fund rolling returns calculator where I have integrated the Nifty TRI Data Downloader by Pranav Date.
Rolling returns calculators provide a simple, easy to understand visual representation of how consistently a mutual fund has outperformed its benchmark.
Suppose you have NAV data from April 1st 2007 to the present. You want to check two things:
- How much returns can vary over every possible 5 year period between those two dates
- How did the fund fare against its (or appropriate) benchmark for each of the above returns.
To do this, we first calculate the return for an imaginary lump sum investment made on
April 1st 2007 to Mar 31st 2012 —> 1st 5Y return data point
April 2nd 2007 to April 1st 2012 —-> 2nd 5Y return data point
April 3rd 2007 to April 2nd 2012 —-> 3rd point and so on.
This is known as a rolling returns analysis. The period under observation (5Y) is being “rolled over” to the next business day.
We repeat the exercise made for the benchmark and plot the returns together to get a graph like this.
You immediately get a visual idea of how consistently the fund has outperformed the benchmark. This is important for an active fund because you pay the fund manager for two reasons: (1) better returns and (2) lower risk. Rolling returns measure the return or reward. You can a visual feel of the risk management with this tool: Mutual Fund Downside Protection Consistency Analysis
This tool is the core for the monthly screener: June 2017 Equity Mutual Fund Outperformance Screener. By adjusting the date of investing, you can use the sheet either for selecting/shortlisting funds or analysing the ones that you hold.
The benchmarks available are (take a deep breath):
BSE Sensex; BSE 100; BSE 200; BSE 500; NIFTY 50 TRI; NIFTY NEXT 50 TRI; NIFTY100 LIQ 15 TRI; NIFTY MID LIQ 15 TRI; NIFTY 100 TRI; NIFTY 200 TRI; NIFTY 500 TRI; NIFTY MIDCAP 150 TRI; NIFTY MIDCAP 50 TRI; NIFTY FULL MIDCAP 100 TRI; NIFTY MID100 FREE TRI; NIFTY SMALLCAP 250 TRI; NIFTY SMALLCAP 50 TRI; NIFTY FULL SMALLCAP 100 TRI; NIFTY SML100 FREE TRI; NIFTY MIDSMALLCAP 400 TRI; NIFTY AUTO TRI; NIFTY BANK TRI; NIFTY ENERGY TRI; NIFTY FIN SERVICE TRI; NIFTY FMCG TRI;
NIFTY IT TRI; NIFTY MEDIA TRI; NIFTY METAL TRI; NIFTY PHARMA TRI; NIFTY PVT BANK TRI; NIFTY PSU BANK TRI; NIFTY REALTY TRI; NIFTY COMMODITIES TRI; NIFTY CONSUMPTION TRI; NIFTY CPSE TRI; NIFTY INFRA TRI; NIFTY MNC TRI; NIFTY PSE TRI; NIFTY SERV SECTOR TRI; NIFTY SHARIAH 25 TRI; NIFTY50 SHARIAH TRI; NIFTY500 SHARIAH TRI; NIFTY ADITYA BIRLA GROUP TRI; NIFTY MAHINDRA GROUP TRI; NIFTY TATA GROUP TRI; NIFTY TATA GROUP 25% CAP TRI; NIFTY100 EQUAL WEIGHT TRI; NIFTY50 DIV POINT TRI; NIFTY DIV OPPS 50 TRI; NIFTY ALPHA 50 TRI; NIFTY HIGH BETA 50 TRI; NIFTY LOW VOLATILITY 50 TRI; NIFTY QUALITY 30 TRI
NIFTY50 VALUE 20 TRI; NIFTY GROWSECT 15 TRI; NIFTY DIVIDEND OPPORTUNITIES 50 TRI; NIFTY100 LOW VOLATILITY 30 TRI; BSE Bankex; BSE Capital Goods; BSE Oil and Gas; BSE Metals; BSE IT; BSE Auto; BSE Healthcare; BSE FMCG; BSE Realty; BSE TECk; BSE PSU; BSE Consumer Durables; BSE Power; BSE Shariah; BSE IPO;
TRI = Total Returns Index (where dividends are assumed to be reinvested). This is harder for the fund manager to beat.
Here are some self-explanatory screenshots
Thank you for the wonderful reviews of GameChanger!
My second book, Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you want, co-authored with Pranav Surya is now available at Amazon as paperback (₹ 199) and Kindle (free in unlimited or ₹ 99 – you could read with their free app on PC/tablet/mobile, no kindle necessary).
You can Be Rich Too with Goal-Based Investing
is my first book with PV Subramanyam. It helps you ask the risk questions about money, seek simple solutions and find your own personalised answers with nine online calculator modules.
The book is available at:
Amazon Hardcover Rs. 279. 30% OFF
Infibeam Now just Rs. 270 32% OFF. If you use a mobikwik wallet, and purchase via infibeam, you can get up to 100% cashback!!
Flipkart Rs. 279. 30% off
Kindle at Amazon.in (Rs. 90.74 74% OFF) Read with free app
Google PlayRs. 90.74 Read on your PC/Tablet/Mobile
Now in Hindi!
Pre-order the Hindi version via this link
Subscribe and join the freefincal Youtube community!
Connect with us on social media
- Twitter @freefincal
- Subscribe to our Youtube Videos
- Posts feed via: Feedburner
- We are also on Google PlusandPinterest
Do check out my books
Get it now. It is also available in Kindle format.
Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You WantMy 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 youngearner
The ultimate guide to travel by Pranav SuryaThis 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 PhoneAll 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)