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Sunday, February 19, 2023

Solely 8 out of 207 energetic MFs outperformed Nifty 100 Low Volatility 30!


On this article, we consider the efficiency of 207 actively managed mutual funds throughout eight classes to establish constant performers.

Common readers could also be conscious that now we have proclaimed the advantages of low-volatility investing for a couple of years. See Nifty Low Volatility 50: A Benchmark Index to be careful for (July 2016). We publish a low volatility + momentum inventory screener every month and replace the direct fairness portfolio efficiency based mostly on this concept.

Our month-to-month screener makes use of the NIfty 100 Low Volatility 30 as an further benchmark for these actively managed mutual fund classes.

  • Aggressive Hybrid Fund
  • Contra Fund
  • Dividend Yield Fund
  • Flexicap
  • Giant Cap Fund
  • Sectoral/ Thematic
  • Sectoral/ Thematic (worldwide)
  • Worth Fund

Rolling return outperformance consistency: the fund returns are in contrast with class benchmark returns over each potential 3Y,4Y, and 5Y interval. Increased the outperformance consistency, the higher. Suppose 876 fund returns have been in contrast with 876 benchmark returns, and the fund has crushed the benchmark 675 occasions. The consistency rating will probably be 675/876 ~ 77%. This knowledge is a part of our month-to-month fairness mutual fund screeners.

Disclaimer: Fund efficiency reviews current return and danger evaluation of a fund with consultant benchmarks and never funding suggestions. It should be expressly understood that the information under mirror solely previous efficiency and is under no circumstances a sign of future efficiency. Our funding suggestions are Handpicked Record of Mutual Funds (PlumbLine).

Out of 207 funds, solely 19 handle 70% or extra rolling return outperformance consistency in opposition to the Nifty 100 Low Volatility 30 and 14 are sectoral or thematic funds! They’re tabulated under.

Class Fund
Contra Fund Invesco India Contra Fund – Direct Plan – Development
Contra Fund Kotak India EQ Contra Fund – Development – Direct
Flexicap quant Flexi Cap Fund – Development Choice-Direct Plan
Giant Cap Fund Axis Bluechip Fund – Direct Plan – Development
Giant Cap Fund Mirae Asset Giant Cap Fund – Direct Plan – Development
Sectoral/ Thematic Aditya Birla Solar Life Digital India Fund – Development – Direct Plan
Sectoral/ Thematic Aditya Birla Solar Life India Gennext Fund – Development – Direct Plan
Sectoral/ Thematic CANARA ROBECO CONSUMER TRENDS FUND – DIRECT PLAN – GROWTH OPTION
Sectoral/ Thematic DSP Pure Assets and New Vitality Fund – Direct Plan – Development
Sectoral/ Thematic ICICI Prudential Know-how Fund – Direct Plan -Development
Sectoral/ Thematic Invesco India Monetary Companies Fund – Direct Plan – Development
Sectoral/ Thematic Mirae Asset Nice Client Fund – Direct Plan – Development
Sectoral/ Thematic SBI BANKING & FINANCIAL SERVICES FUND – DIRECT PLAN – GROWTH
Sectoral/ Thematic SBI TECHNOLOGY OPPORTUNITIES FUND – DIRECT PLAN – GROWTH
Sectoral/ Thematic Tata Digital India Fund-Direct Plan-Development
Sectoral/ Thematic Tata India Client Fund-Direct Plan-Development
Sectoral/ Thematic Tata Assets & Vitality Fund-Direct Plan-Development
Sectoral/ Thematic (worldwide) ICICI Prudential US Bluechip Fairness Fund – Direct Plan -Development
Sectoral/ Thematic (worldwide) Nippon India US Fairness Opportunites Fund- Direct Plan- Development Plan- Development Choice

Out of those 19, if we additional demand a rolling return outperformance consistency rating of >= 70% over 4 years, the depend drops to those ten.

Class Fund
Contra Fund Invesco India Contra Fund – Direct Plan – Development
Contra Fund Kotak India EQ Contra Fund – Development – Direct
Flexicap quant Flexi Cap Fund – Development Choice-Direct Plan
Giant Cap Fund Mirae Asset Giant Cap Fund – Direct Plan – Development
Sectoral/ Thematic CANARA ROBECO CONSUMER TRENDS FUND – DIRECT PLAN – GROWTH OPTION
Sectoral/ Thematic Mirae Asset Nice Client Fund – Direct Plan – Development
Sectoral/ Thematic Aditya Birla Solar Life Digital India Fund – Development – Direct Plan
Sectoral/ Thematic Aditya Birla Solar Life India Gennext Fund – Development – Direct Plan
Sectoral/ Thematic Tata Digital India Fund-Direct Plan-Development
Sectoral/ Thematic Tata Assets & Vitality Fund-Direct Plan-Development
Sectoral/ Thematic (worldwide) Nippon India US Fairness Opportunites Fund- Direct Plan- Development Plan- Development Choice

Out of those ten, if we additional demand a rolling return outperformance consistency rating of >= 60% over three years, we’re left with these eight funds.

  1. Invesco India Contra Fund – Direct Plan – Development
  2. Quant Flexi Cap Fund – Development Choice-Direct Plan
  3. Mirae Asset Giant Cap Fund – Direct Plan – Development
  4. CANARA ROBECO CONSUMER TRENDS FUND – DIRECT PLAN – GROWTH OPTION
  5. Mirae Asset Nice Client Fund – Direct Plan – Development
  6. Aditya Birla Solar Life Digital India Fund – Development – Direct Plan
  7. Aditya Birla Solar Life India Gennext Fund – Development – Direct Plan
  8. Tata Digital India Fund-Direct Plan-Development
  9. Nippon India US Fairness Opportunites Fund- Direct Plan- Development Plan- Development Choice

That may be a fairly poor efficiency!

Warning: Though we want the low volatility issue to different components, it should be understood that it might not all the time outperform the Nifty 50 or Nifty 100. See, for instance, Nifty 100 Low Volatility 30 vs Nifty 50: Return distinction at an all-time low.

Readers could also be conscious that we’re invested within the UTI S&P BSE Low Volatility Index Fund (hyperlink factors to an in depth assessment) and low-volatility shares. Additionally, see: Portfolio Audit 2022: The annual assessment of my goal-based investments.

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Pattabiraman editor freefincalDr M. Pattabiraman(PhD) is the founder, managing editor and first creator of freefincal. He’s an affiliate professor on the Indian Institute of Know-how, Madras. He has over 9 years of expertise publishing information evaluation, analysis and monetary product improvement. Join with him by way of Twitter or Linkedin or YouTube. Pattabiraman has co-authored three print books: (1) You might be wealthy too with goal-based investing (CNBC TV18) for DIY traders. (2) Gamechanger for younger earners. (3) Chinchu Will get a Superpower! for teenagers. He has additionally written seven different free e-books on varied cash administration subjects. He’s a patron and co-founder of “Price-only India,” an organisation for selling unbiased, commission-free funding recommendation.


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