The most recent freefincal Fairness Mutual Fund Efficiency Screener is now accessible. Use it to display for persistently performing fairness mutual funds. You’ll be able to display based mostly on fund class & benchmark and spot mutual funds with the next return than a benchmark at a decrease threat. Inside, you get discounted hyperlinks to our robo advisory tool and two programs: How to get people to pay for your skills (aka earn from expertise) and the lectures on goal-based portfolio management.
Use this screener file to shortly discover the best-performing fairness funds amongst 300+ fairness funds which have persistently outperformed class benchmarks/indices with enough draw back safety (higher efficiency when the index is down) and upside efficiency (higher efficiency when the index is up).
Word: All the time examine the historical past of a fund. See if its funding mandate was totally different up to now. If that’s the case, then previous efficiency doesn’t matter!
What does this Fairness Mutual Fund Efficiency Screener cowl?
It offers you three outputs:
- Rolling return outperformance consistency: the fund returns are in contrast with class benchmark returns over each potential 1Y,2Y,3Y,4Y, and 5Y interval. The upper the outperformance consistency, the higher. Suppose 876 fund returns had been in contrast with 876 benchmark returns, and the fund has crushed the benchmark 675 instances. The consistency rating will probably be 675/876 ~ 77%.
- Upside efficiency consistency over each potential 1Y,2Y,3Y,4Y, and 5Y: The upper, the higher. A rating of 70% signifies that 7 out of 10 instances, the fund carried out higher than the class benchmark when the benchmark elevated. This can be a measure of reward.
- Draw back efficiency consistency over each potential 1Y,2Y,3Y,4Y, and 5Y: The upper, the higher. A rating of 60% means 6 out of 10 instances, the fund carried out higher than the class benchmark when the benchmark was transferring down. This can be a measure of threat safety.
When to make use of this mutual fund screener
I like to recommend utilizing this file solely after finishing the next steps: Outline want and period —-> Determine asset allocation (use this tool) —-> Determine product class (use this guideline for mutual funds) —-> Then apply this screener for fairness funds. For those who open the screener file, you see column headings like this. 
You already know the fund class, benchmark, Fund identify, no of 1Y returns of the benchmark(index), no of 1Y returns of the fund, no of instances the fund 1Y return is above index 1Y return, the 1Y rolling return consistency; upside efficiency consistency and draw back safety consistency. These columns are repeated for 2Y,3Y,4Y and 5Y. Now, you’ll be able to display by filtering out funds with return outperformance consistency of >=70%, a draw back safety consistency of >= 70% and so forth. As proven under, you are able to do this manually with the Excel filter and macro buttons. 
Benchmarks Used
These are benchmarks closest to the fund sort and are utilized by many funds in every class.
| Class | Benchmark |
| Aggressive Hybrid Fund | Nifty 100 TRI, CRISIL 65:35 Aggressive Hybrid Index, NIfty 100 Low Volatility 30 TRI |
| Contra Fund | Nifty 100 TRI, NIfty 100 Low Volatility 30 TRI |
| Dividend Yield Fund | Nifty 100 TRI, NIfty 100 Low Volatility 30 TRI |
| Giant Cap Fund | Nifty 100 TRI, NIfty 100 Low Volatility 30 TRI |
| ELSS | Nifty 100 TRI |
| Focussed Fund | Nifty Largemidcap 250 TRI, N200TRI |
| Giant & Mid Cap Fund | Nifty Largemidcap 250 TRI, N200TRI |
| Multi-Cap Fund | Nifty Largemidcap 250 TRI, N200TRI |
| Flexi-Cap Fund | NIFTY 500 Multicap 50:25:25 TRI, Nifty Largemidcap 250 TRI, N200TRI |
| Sectoral/ Thematic | Nifty Largemidcap 250 TRI, NIfty 100 Low Volatility 30 TRI |
| Worth Fund | Nifty Largemidcap 250 TRI, NIfty 100 Low Volatility 30 TRI |
| Mid Cap Fund | NiftyMidcap150TRI, Nifty Midcap 150 High quality 30 TRI |
| Small Cap Fund | NiftyMidcap150TRI, Nifty Midcap 150 High quality 30 TRI, Nifty Smallcap 250 High quality 50 TRI |
NIfty Largemidcap 250 has 50% of the Nifty 100 and 50% of the Nifty Midcap 150.
Display for funds with greater than benchmark returns with decrease threat
Reward measure: Rolling returns outperformance consistency.
Rolling returns are a easy estimate of how persistently a fund has outperformed a benchmark. Take, for instance, the HDFC Prime 100 Fund (graph under) vs Nifty 50 TRI between 1st Jan 2013 to Could fifteenth 2024. There are 1567 5-year rolling returns. If the return for every of those durations is plotted for the fund and index collectively, we’ll get a graph like this.
The fund has outperformed the index 649 out of 1567 instances. Thus, the rolling return outperformance consistency over seven years = 649/1567 = 41.4%, which is poor. A constant performer ought to beat the index at the least 60%/70% of the time. So, the upper the rolling return outperformance consistency, the higher.
Reward and Danger Measure: Upside Efficiency & Draw back Seize
- Upside efficiency consistency over each potential 1Y,2Y,3Y,4Y, and 5Y: The upper, the higher. A rating of 70% signifies that 7 out of 10 instances, the fund carried out higher than the class benchmark when the benchmark elevated. This can be a measure of reward.
- Draw back efficiency consistency over each potential 1Y,2Y,3Y,4Y, and 5Y: The upper, the higher. A rating of 60% means 6 out of 10 instances, the fund carried out higher than the class benchmark when the benchmark was transferring down. This can be a measure of threat safety.
For those who want to perceive how these are calculated, please learn this: Introduction to Downside and Upside Capture Ratios and proceed to this one, for instance. For some funds, a excessive draw back seize consistency will result in higher returns; for some funds, a excessive upside seize consistency will result in higher returns. The screener will help distinguish between the 2 kinds of performers. Suggest studying: What is mutual fund downside protection, and why is it important?
The way to use the Fairness Mutual Fund Efficiency Screener
There are a number of methods to display for mutual funds. I’ll focus on two examples. If you’re investing with a transparent technique, you ought to know what class fund to decide on. So, step one is to pick out the class. You’ll be able to both use the macro buttons (prime proper), Or you are able to do this manually: 
Then, technique A: Set the 3Y and 5Y rolling return outperformance consistency to be above 70% or so. That ought to offer you a pleasant shortlist to select from. Then, you’ll be able to visually search for funds with the appropriate draw back safety consistency and decide one. Technique B: Search for funds above 70% draw back safety consistency over 3Y and 5Y and select one. Keep in mind, by no means set slim filters and don’t be too demanding. Wanting to pick out the fund with the perfect previous efficiency is apparent immaturity. Your screening standards ought to yield 5-6 funds always. Why ought to I exploit this screener? Why can’t I have a look at trailing returns and display? Trailing returns are 3Y or 5Y returns calculated with the final enterprise date (3Y and 5Y prior). This is only one information level to think about. Right here, we discover much more to find out consistency.
Extra Danger vs Extra Return Screener
Right here, you’ll be able to display for funds with extra return > 0 within the final 1,2,3,4,5 yr trailing intervals. This implies the fund return is bigger than the index return. You may as well add extra threat < 0 filters for a similar intervals. Which means that the fund threat is lower than the index threat. Therefore, the surplus threat is unfavorable. Each screenshots are proven under.
The above screenshot is for extra return >0, and the one under is for extra threat < 0
The thought right here is to search out funds which have crushed the index by way of greater returns (extra return >0) and decrease threat (extra threat <0) within the final 1,2,3,4,5 yr interval. You’ll be able to calm down it to three/4/5 yr intervals if you want.
Instance:
Invesco India Flexi Cap Fund(G)-Direct Plan vs N200TRI
- Trailing Benchmark Return 5Y: 35.356%
- Trailing Fund Return 5Y: 50.092%
- Extra return 5Y: 14.737%(optimistic extra return is sweet!)
- Index customary deviation (NAV volatility) 5Y: 2.827%
- Fund customary deviation 5Y: 2.670%
- Extra threat of the scheme 5Y -0.158% (unfavorable extra threat is sweet!)
So, over the past 5Y, the fund has considerably outperformed the index with decrease NAV volatility.
The thought right here is to search out funds which have crushed the index by way of greater returns (extra return >0) and decrease threat (extra threat <0) within the final 1,2,3,4,5 yr interval. You’ll be able to calm down it to three/4/5 yr intervals if you want.
The way to display for the perfect fairness funds
Vital Info
- This screener prices Rs. 175 and is supposed for private use solely.
- Inside, you get a reduced hyperlink to our robo advisory tool and our two programs: How to get people to pay for your skills (aka earn from expertise) and the lectures on goal-based portfolio management.
- The fee is just for the information within the sheet.
- You’ll get a zipped file. It has one Excel file with macros. For those who want to use the automated screener, you need to allow macros. If macros are disabled otherwise you need to use them on Google Sheets or elsewhere, the plain information will nonetheless be accessible. The plain information file can be utilized on any spreadsheet.
- Whereas freefincal will do its finest to publish up to date screener sheets every month, it can not assure the identical.
- The file incorporates no purchase or promote suggestions and solely has the abovementioned information.
- Sufficient care and energy have been put into hunting down errors. Nonetheless, we can not assure that the sheet is freed from error.
- The client should analysis utilizing the knowledge within the spreadsheet. No suggestions or help are included within the sheet and won’t be offered individually.
- We won’t present any additional assist or help in utilizing the sheet.
- The sheet bought is for private use and shouldn’t be shared privately or publicly. A purchase order implies you comply with the phrases within the essential data part.
Click here to pay Rs. 175 and download (instantly) the latest Freefincal Equity Mutual Fund Screener.
Are you dwelling exterior India? You’ll be able to pay by way of this PayPal link (5 USD) and mail freefincal at Gmail.
Need a debt fund screener? Get the latest Debt mutual fund screener.
Do share this text with your folks utilizing the buttons under.
🔥Enjoy massive discounts on our courses, robo-advisory tool and exclusive investor circle! 🔥& be part of our group of 7000+ customers!
Use our Robo-advisory Tool for a start-to-finish financial plan! ⇐ Greater than 2,500 traders and advisors use this!
Track your mutual funds and stock investments with this Google Sheet!
We additionally publish month-to-month equity mutual funds, debt and hybrid mutual funds, index funds and ETF screeners and momentum, low-volatility stock screeners.
Podcast: Let’s Get RICH With PATTU! Every single Indian CAN grow their wealth!
You can watch podcast episodes on the OfSpin Media Friends YouTube Channel.
🔥Now Watch Let’s Get Rich With Pattu தமிழில் (in Tamil)! 🔥
- Do you’ve gotten a remark in regards to the above article? Attain out to us on Twitter: @freefincal or @pattufreefincal
- Have a query? Subscribe to our e-newsletter utilizing the shape under.
- Hit ‘reply’ to any e mail from us! We don’t provide customized funding recommendation. We are able to write an in depth article with out mentioning your identify if in case you have a generic query.
Join 32,000+ readers and get free money management solutions delivered to your inbox! Subscribe to get posts via email! (Hyperlink takes you to our e mail sign-up kind)
About The Writer
Dr M. Pattabiraman(PhD) is the founder, managing editor and first writer of freefincal. He’s an affiliate professor on the Indian Institute of Know-how, Madras. He has over ten years of expertise publishing information evaluation, analysis and monetary product improvement. Join with him by way of Twitter(X), Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY traders. (2) Gamechanger for younger earners. (3) Chinchu Gets a Superpower! for youths. He has additionally written seven different free e-books on numerous cash administration subjects. He’s a patron and co-founder of “Fee-only India,” an organisation selling unbiased, commission-free funding recommendation.
Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! ⇐ Greater than 3,000 traders and advisors are a part of our unique group! Get readability on the way to plan in your objectives and obtain the required corpus regardless of the market situation is!! Watch the primary lecture at no cost! One-time cost! No recurring charges! Life-long entry to movies! Scale back worry, uncertainty and doubt whereas investing! Discover ways to plan in your objectives earlier than and after retirement with confidence.
Our new course! Increase your income by getting people to pay for your skills! ⇐ Greater than 700 salaried staff, entrepreneurs and monetary advisors are a part of our unique group! Discover ways to get individuals to pay in your expertise! Whether or not you’re a skilled or small enterprise proprietor who needs extra purchasers by way of on-line visibility or a salaried particular person wanting a facet revenue or passive revenue, we’ll present you the way to obtain this by showcasing your expertise and constructing a group that trusts and pays you! (watch 1st lecture at no cost). One-time cost! No recurring charges! Life-long entry to movies!
Our new book for kids: “Chinchu Gets a Superpower!” is now available!
Most investor issues may be traced to a scarcity of knowledgeable decision-making. We made unhealthy choices and cash errors once we began incomes and spent years undoing these errors. Why ought to our youngsters undergo the identical ache? What is that this guide about? As dad and mom, what would it not be if we needed to groom one capability in our youngsters that’s key not solely to cash administration and investing however to any facet of life? My reply: Sound Determination Making. So, on this guide, we meet Chinchu, who’s about to show 10. What he needs for his birthday and the way his dad and mom plan for it, in addition to instructing him a number of key concepts of decision-making and cash administration, is the narrative. What readers say!
Should-read guide even for adults! That is one thing that each father or mother ought to train their youngsters proper from their younger age. The significance of cash administration and determination making based mostly on their needs and desires. Very properly written in easy phrases. – Arun.
Buy the book: Chinchu gets a superpower for your child!
How to profit from content writing: Our new book is for these concerned about getting facet revenue by way of content material writing. It’s accessible at a 50% low cost for Rs. 500 solely!
Do you need to examine if the market is overvalued or undervalued? Use our market valuation tool (it would work with any index!), or get the Tactical Buy/Sell timing tool!
We publish month-to-month mutual fund screeners and momentum, low-volatility stock screeners.
About freefincal & its content material coverage. Freefincal is a Information Media Group devoted to offering authentic evaluation, experiences, opinions and insights on mutual funds, shares, investing, retirement and private finance developments. We achieve this with out battle of curiosity and bias. Observe us on Google News. Freefincal serves greater than three million readers a yr (5 million web page views) with articles based mostly solely on factual data and detailed evaluation by its authors. All statements made will probably be verified with credible and educated sources earlier than publication. Freefincal doesn’t publish paid articles, promotions, PR, satire or opinions with out information. All opinions will probably be inferences backed by verifiable, reproducible proof/information. Contact data: letters {at} freefincal {dot} com (sponsored posts or paid collaborations won’t be entertained)
Join with us on social media
Our publications
You Can Be Wealthy Too with Objective-Primarily based Investing
Printed by CNBC TV18, this guide is supposed that will help you ask the appropriate questions and search the right solutions, and because it comes with 9 on-line calculators, you can even create customized options in your life-style! Get it now.
Gamechanger: Neglect Startups, Be a part of Company & Nonetheless Reside the Wealthy Life You Need
This guide is supposed for younger earners to get their fundamentals proper from day one! It would additionally enable you to journey to unique locations at a low value! Get it or gift it to a young earner.
Your Final Information to Journey
That is an in-depth dive into trip planning, discovering low-cost flights, price range lodging, what to do when travelling, and the way travelling slowly is healthier financially and psychologically, with hyperlinks to the online pages and hand-holding at each step. Get the pdf for Rs 300 (instant download)
