Review Mutual Fund SIP Performance Month by Month with this tool!

Published: August 15, 2017 at 10:47 am

Last Updated on

Use this tool to calculate the annualized return (XIRR) of your mutual fund SIPs month by month since the date you started it and compare its performance with its benchmark. In this update to the Mutual Fund SIP XIRR Tracker, I have integrated it with Pranav Date’s Nifty Historical Data (Price, Total Returns, PE, PB and Div Yield) Downloader.

This now offers a range of about 70+ benchmarks from the BSE and NSE to compare mutual fund performance.

What is XIRR?

When you invest a lump sum in a volatile instrument (equity, debt fund, gold fund etc.), the average rate at which the investment has compounded is given by the CAGR

When you invest periodically in the same instrument, instead of CAGR, a quantity called the XIRR is calculated. This can be interpreted as the average CAGR of all the instalments.

Read more:

Understanding Annualized Return: CAGR and XIRR

What is XIRR?

If you track this XIRR month after month for a SIP instrument and compare it with the corresponding number for a benchmark, it gives you an idea of how consistently the fund has beat the benchmark.

Here are few screenshots.

The inputs screen of the freefincal XIRR Tracker

Quantum Long Term Equity vs Nifty 50 (total returns index)

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Each dot in the top graph is the XIRR of a SIP started on Apr  3rd 2008 (this can be changed by the user). Notice the outperformance of the fund. The green line (both top and bottom) is just the number of SIP instalments added up. So it increases like a straight line.

In the bottom graph, the red dots represent the percentage outperformance:

number of months fund return was higher than benchmark/ (total number of months) expressed as a percentage. A steady fall over many months in this can be used as a sign to switch funds.

HDFC Equity  vs NIfty 500 (total returns index)

How to use this sheet

1: As a way to observe and get used to fund volatility. Notice the high returns at the start gradually dropping down. This gives us a sense of proportion.

2: To evaluate fund performance with respect to its benchmark from the date in which you started investing  (not just SIPs)

Download freefincal mutual fund SIP tracker May 2019

Previous editions.

Download freefincal mutual fund SIP tracker Jan 2019

Download the freefincal Mutual Fund SIP XIRR Tracker (Aug 2017)

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About the Author

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.
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, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association. For speaking engagements write to pattu [at] freefincal [dot] com

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4 Comments

  1. Dear Pattu sir,
    I am investing manually , date and amount is not fixed. Can i use this calc to check fund performance?

    Thanks

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