Tag: mutual funds

We ran the Fund Comparison tool to get an idea of how the ICICI Corporate Bond fund stood relative to its peers. Here are some quick takes.

Outperformed GSecs

Since 2013-01-01, IICICI Prudential Corporate Bond Fund has returned a cumulative 14.51% vs. GSEC SUB 3-8’s cumulative return of 10.21%.

Outperformed Principal Debt Opportunities Fund

Since 2012-01-02, ICICI Prudential Corporate Bond Fund has returned a cumulative 25.68% vs. Principal Debt Opportunities Fund’s cumulative return of 24.74%. But ICICI had a deeper drawdown in 2013.

ICICI Prudential Corporate Bond Fund Drawdowns:

Principal Debt Opportunities Fund Drawdowns:

Outperformed UTI Gilt Advantage Fund

Since 2013-01-01, ICICI Prudential Corporate Bond Fund has returned a cumulative 14.51% vs. UTI – GILT ADVANTAGE-LONG TERM’s cumulative return of 12.88% while having a shallower drawdown in 2013: -5.33% vs. -8.18%

Conclusion

The ICICI Prudential Corporate Bond Fund could be attractive to investors looking to benefit from corporate credit improving on the back of a recovering economy and riding the RBI’s expected rate cuts coming down the pike.

You can run the comparison tool here: FundCompare
 
 
 

How do you compare two Mutual Funds and what should be the basis for such a comparison? There is the question of returns, obviously. But higher returns can be achieved by taking on more risk. And then there’s the question of draw-downs. What were the periods of bad performance and how long did it take the asset manager to make up for those losses? How do you compare risk-adjusted returns of two funds? What if you want to compare returns to whatever benchmark index you wanted?

Mutual Fund Comparison Tool

You can compare over 800 funds to each other and any benchmark index you choose. For example, are you confused between ICICI Top 100 and DSP BlackRock Top 100? Punch it in and hit compare.

And as you can see from the wealth chart below, BlackRock’s under-performance has been recent.

However, during the depths of the 2008 crisis, BlackRock managed to go down 51.73% vs. ICICI’s 55.66% and spent 632 days in the red vs. ICICI’s 656 days.

Now, how about comparing ICICI’s Top 100 vs. their own Top 200?

Confused between value funds and midcap index funds? Do famous managers live up to their reputations?

Go ahead, check out the tool: FundCompare
 
 
 

AMFI puts out AUM statistics of mutual funds once a quarter. Here are some key take aways.

The Top 5 Dominate

Between 2009 and 2014, the top 5 players have remained the same: HDFC, ICICI, Birla Sun Life and Reliance. And their share has remained more-or-less the same: 56.96% in 2009 and 54.6% now.

32 out of a total of 46 funds have less than 2% share, 29 have less than 1%

There are way too many schemes

There are 1066 equity schemes (all permutations and combinations.) The top 2 schemes (both from HDFC) have more than 10% of AUM and the top 10 have about 30%. The rest of them fight for scraps.

Direct plans even the playing field

… a bit.

PPFAS has a 5% share of all direct plans.

However, Direct plans are yet to make a dent

Equity AUM under direct plans have doubled since last year. This ought to be giving distributors sleepless nights…