Category-wise ranking of best mutual funds in 2020

Best Large Cap Mutual Funds

Mirae Asset Large Cap Fund

Long-term percentile rank

6.7%

Near-term percentile rank

21.7%

Average Return in 2008-09

NA

Fund Manager Since

Jan 2019

Long-term percentile rank

50.3%

Near-term percentile rank

72.4%

Average Return in 2008-09

1.5%

Fund Manager Since

Oct 2018

Long-term percentile rank

37.5%

Near-term percentile rank

7.7%

Average Return in 2008-09

NA

Fund Manager Since

Nov 2016

Nippon India Large Cap Fund

Long-term percentile rank

34.7%

Near-term percentile rank

37.3%

Average Return in 2008-09

-3.6

Fund Manager Since

June 2007

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Best Multi Cap Mutual Funds

Long-term percentile rank

NA

Near-term percentile rank

6.6%

Average Return in 2008-09

NA

Fund Manager Since

Nov 2017

Long-term percentile rank

40.9%

Near-term percentile rank

22.4%

Average Return in 2008-09

-14.1%

Fund Manager Since

May 2009

Long-term percentile rank

NA

Near-term percentile rank

NA

Average Return in 2008-09

NA

Fund Manager Since

May 2019

Kotak Standard Multicap Fund

Long-term percentile rank

27.8%

Near-term percentile rank

16.6%

Average Return in 2008-09

NA

Fund Manager Since

Aug 2012

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Category-wise ranking of best mutual funds in 2020

Best Large Cap Mutual Funds

Mirae Asset Large Cap Fund

Long-term percentile rank

6.7%

Near-term percentile rank

21.7%

Average Return in 2008-09

NA

Fund Manager Since

Jan 2019

Long-term percentile rank

50.3%

Near-term percentile rank

72.4%

Average Return in 2008-09

1.5%

Fund Manager Since

Oct 2018

Long-term percentile rank

37.5%

Near-term percentile rank

7.7%

Average Return in 2008-09

NA

Fund Manager Since

Nov 2016

Long-term percentile rank

34.7%

Near-term percentile rank

37.3%

Average Return in 2008-09

-3.6

Fund Manager Since

June 2007

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Best Multi Cap Mutual Funds

Long-term percentile rank

NA

Near-term percentile rank

6.6%

Average Return in 2008-09

NA

Fund Manager Since

Nov 2017

Long-term percentile rank

40.9%

Near-term percentile rank

22.4%

Average Return in 2008-09

-14.1%

Fund Manager Since

May 2009

Long-term percentile rank

NA

Near-term percentile rank

NA

Average Return in 2008-09

NA

Fund Manager Since

May 2019

Kotak Standard Multicap Fund

Long-term percentile rank

27.8%

Near-term percentile rank

16.6%

Average Return in 2008-09

NA

Fund Manager Since

Aug 2012

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Best Mid Cap Mutual Funds

Long-term percentile rank

55.8%

Near-term percentile rank

6.6%

Average Return in 2008-09

NA

Fund Manager Since

Nov 2016

Long-term percentile rank

39.4%

Near-term percentile rank

29.6%

Average Return in 2008-09

-2.9%

Fund Manager Since

Mar 2005

HDFC Mid-Cap Opportunities Fund

Long-term percentile rank

29.6%

Near-term percentile rank

57.2%

Average Return in 2008-09

-4.2

Fund Manager Since

May 2007

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Best Small Cap Mutual Funds

Long-term percentile rank

26.7%

Near-term percentile rank

15.8%

Average Return in 2008-09

NA

Fund Manager Since

Nov 2013

Long-term percentile rank

63.2%

Near-term percentile rank

15.5%

Average Return in 2008-09

NA

Fund Manager Since

June 2014

Nippon India Small Cap Fund

Long-term percentile rank

28.9%

Near-term percentile rank

27.8%

Average Return in 2008-09

NA

Fund Manager Since

Jan 2017

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Best Large & Mid Cap Mutual Funds

Mirae Asset Emerging Bluechip Fund

Long-term percentile rank

5.9%

Near-term percentile rank

14.6%

Average Return in 2008-09

NA

Fund Manager Since

May 2010

Long-term percentile rank

40.2%

Near-term percentile rank

12.0%

Average Return in 2008-09

-4.5%

Fund Manager Since

Aug 2012

Long-term percentile rank

35.3%

Near-term percentile rank

31.6%

Average Return in 2008-09

-4.3%

Fund Manager Since

Sep 2016

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Best ELSS Mutual Funds

Mirae Asset Tax Saver Fund

Long-term percentile rank

3.2%

Near-term percentile rank

13.9%

Average Return in 2008-09

NA

Fund Manager Since

Nov 2015

Axis Long Term Equity Fund

Long-term percentile rank

18.1%

Near-term percentile rank

16.1%

Average Return in 2008-09

NA

Fund Manager Since

April 2011

Long-term percentile rank

34.9%

Near-term percentile rank

30.4%

Average Return in 2008-09

-4.3%

Fund Manager Since

July 2015

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Understanding the CRAFT Framework
Categorize, Rank & Filter

best-mutual-funds-india-2019

Categorize, based on Fund Type

The first step is to categorize the funds into different categories based on their type. For example, large cap is one such category. The main idea here is that you want to compare funds within a category and NOT across categories. Something on the lines of making apple-to-apple comparison.

Rank, based on Fund Performance

Once we have the categories, the next step is to rank the funds within each category. Ranking should be done for funds within a category and NOT across categories. The guiding philosophy that this framework follows can be summed up in a single sentence – “Long-term track record of consistent performance”.

Filter, based on qualitative assessment

And finally, once we have ranked the funds, we should filter funds based on qualitative assessment. Qualitative factors include any recent change in fund manager, total size of the fund and performance of the fund during times of steep market crash.

Understanding the terminology

Long-term Percentile Rank

This is average percentile rank of the fund since Jan 2004 based on 3-year return. This is a measure of a funds performance with respect to its peers. Lower the rank, better the performance.

Top25 Percentage

This is the percentage to capture the number of times the fund was in 25% since Jan 2004. This is a measure of consistency of performance of a fund. The higher the percentage, better the consistency.

Standard Deviation

A variant of standard deviation. It only captures deviation below the average return. This captues the risk associated with the fund. Lower the deviation, lower is the risk.

Near-term Percentile Rank

Average percentile rank of the fund in last 1 year based on 1-year return. This is a measure of a funds recent performance with respect to its peers. Lower the rank, better the performance.

Average Return in 2008-09

Average 1-year return delivered by the fund during the crash of 2008-09. This captues the performance of the fund during times of stress.

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