What are the rolling returns of SIP and lump sum of direct mutual funds? (July 2024 edition)
This article provides a list of fund and category-wise statistics of rolling return of SIP and lump sum investments for various mutual funds.
What are the rolling returns of SIP and lump sum of direct mutual funds? (July 2024 edition)
Posted on 03 Jul 2024
Author: Sayan Sircar
4 mins read
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This article provides a list of fund and category-wise statistics of rolling return of SIP and lump sum investments for various mutual funds.
📚 Topics covered:
- What are rolling returns of a mutual fund?
- What should you keep in mind when using this data for analysis purpose?
- How to interpret the data in the data-set of rolling XIRR?
- Where to get free rolling-data XIRR for mutual fund returns?
What are rolling returns of a mutual fund?
Rolling returns are all of the returns that the fund gave for a particular investment period. If, for example, we wish to understand how much returns the fund usually gave for a 10Y lump sum investment, we can list down in a table or chart returns like this:
- invested on 1st Jan 2006 and sold on 1st Jan 2016 after 10 years and got a return of X%
- invested on 2nd Jan 2006 and sold on 2nd Jan 2016 after 10 years and got a return of Y%
- invested on 3rd Jan 2006 and sold on 3rd Jan 2016 after 10 years and got a return of Z%
and so on. This sequence of returns [X,Y,Z] is a time series like this:
| Ending date | Type | Return |
|---|---|---|
| 01-Jan-16 | 10Y lump sum | X% |
| 02-Jan-16 | 10Y lump sum | Y% |
| 03-Jan-16 | 10Y lump sum | Z% |
With this time-series, you can plot a graph, calculate metrics like average, max, min, median etc.
For example, we have calculated metrics like
- average = (X+Y+Z)/3 etc. (called mean)
- standard deviation = square root of the average of (X-mean)^2,(Y-mean)^2,(Z-mean)^2
- median = middle value of the sorted set X,Y,Z (gives a “truer” average by avoiding extreme values)
- max and min = extreme values of the set
- return per unit risk = AVERAGE/standard deviation
- Sharpe Ratio = (average - 7%)/standard deviation, assuming 7% is the risk-free rate that you will anyway get from safe investments
The statistical terms used in this article are explained here: Which are the common statistical terms used in Investing?
In this article, we will show the rolling metrics of various mutual funds:
- investment period: 1Y, 2Y, 3Y, 5Y, etc.
- type: lump sum, SIP (fixed), SIP (10% step-up)
- data since: 1st Jan 2013 (this is the date when direct funds were launched in India)
- categories: equity, debt, and hybrid
- only DIRECT and GROWTH plans
- all mutual funds active on the publishing date as per AMFI data and classification
What should you keep in mind when using this data for analysis purpose?
- The reader is expected to draw their own conclusions from the data
- There is no implication of the data being complete, accurate or timely
- This data is provided as-is without any warranties, implied or otherwise
- The data, when calculating statistical measures like average, excludes data points above and below 2 standard-deviations from the mean. This means that both maximum and minimum numbers are higher in real life than in this data-set while retaining around 95% of the actual numbers
How to interpret the data in the data-set of rolling XIRR?
These are the column headers of in the file:
| Field | Meaning |
|---|---|
| Ticker | Fund id from www.amfiindia.com |
| Name | Name of fund |
| Category | AMFI category of the fund |
| AMC | AMC which runs the fund |
| Type_Of_Investment | Investment type |
| Value.xirr.average | Average of the XIRR numbers |
| Value.xirr.max | Max |
| Value.xirr.min | Min |
| Value.xirr.stdDev | Standard Deviation |
| Value.xirr.median | Median |
| Value.xirr.returnperunitrisk | Average/StdDev |
| Value.xirr.sharpe | Sharpe Ratio |
| bv | Investment amount |
| Value.mv.average | Average of the final pre-tax amount |
| Value.mv.max | Max |
| Value.mv.min | Min |
| Value.mv.stdDev | Standard Deviation |
| Value.mv.median | Median |
Where to get free rolling-data XIRR for mutual fund returns?
There are no charges for downloading this data. You can download the full data-set here
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This post titled What are the rolling returns of SIP and lump sum of direct mutual funds? (July 2024 edition) first appeared on 03 Jul 2024 at https://arthgyaan.com
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