{"id":2024451,"date":"2015-05-29T13:24:48","date_gmt":"2015-05-29T07:54:48","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=2024451"},"modified":"2015-05-29T13:24:48","modified_gmt":"2015-05-29T07:54:48","slug":"the-worst-mutual-funds-quantitative","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2015\/05\/29\/the-worst-mutual-funds-quantitative\/","title":{"rendered":"The Worst Mutual Funds – Quantitative"},"content":{"rendered":"

Introduction<\/h3>\n

Our previous post looked at the 10 best mutual funds<\/a> based on sharpe ratio, bear-beta, information ratio, draw-down depth and draw-down length between Jan-2010 and May-2015. Here are the 10 worst funds based on the same metrics.<\/p>\n

As you can imagine, infrastructure funds performed poorly in this time-frame. We ignore them for now.<\/p>\n

Sharpe Ratio<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nSHARPE<\/th>\nIRR<\/th>\n<\/tr>\n<\/thead>\n
\n
Mirae Asset Global Commodity Stocks – Growth Option<\/a><\/div>\n<\/td>\n
\n
0.00<\/div>\n<\/td>\n
\n
-0.16<\/div>\n<\/td>\n<\/tr>\n
\n
JM Basic Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
0.01<\/div>\n<\/td>\n
\n
0.23<\/div>\n<\/td>\n<\/tr>\n
\n
Escorts Tax Plan-Growth<\/a><\/div>\n<\/td>\n
\n
0.01<\/div>\n<\/td>\n
\n
0.79<\/div>\n<\/td>\n<\/tr>\n
\n
HSBC Progressive Themes Fund – Growth<\/a><\/div>\n<\/td>\n
\n
0.02<\/div>\n<\/td>\n
\n
1.18<\/div>\n<\/td>\n<\/tr>\n
\n
Religare Invesco PSU Equity Fund – Growth<\/a><\/div>\n<\/td>\n
\n
0.02<\/div>\n<\/td>\n
\n
0.87<\/div>\n<\/td>\n<\/tr>\n
\n
JM Multi Strategy Fund – Growth option<\/a><\/div>\n<\/td>\n
\n
0.02<\/div>\n<\/td>\n
\n
1.56<\/div>\n<\/td>\n<\/tr>\n
\n
Sundaram Growth Fund-Growth<\/a><\/div>\n<\/td>\n
\n
0.02<\/div>\n<\/td>\n
\n
1.37<\/div>\n<\/td>\n<\/tr>\n
\n
Religare Invesco AGILE Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
0.02<\/div>\n<\/td>\n
\n
1.38<\/div>\n<\/td>\n<\/tr>\n
\n
Sahara Star Value Fund-Growth Option<\/a><\/div>\n<\/td>\n
\n
0.02<\/div>\n<\/td>\n
\n
1.69<\/div>\n<\/td>\n<\/tr>\n
\n
Bsl Comm Eq Fund – Global Agri Plan – Growth<\/a><\/div>\n<\/td>\n
\n
0.02<\/div>\n<\/td>\n
\n
1.56<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Bear-Beta<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nBETA BEAR<\/th>\nIRR<\/th>\n<\/tr>\n<\/thead>\n
\n
HSBC Progressive Themes Fund – Growth<\/a><\/div>\n<\/td>\n
\n
1.19<\/div>\n<\/td>\n
\n
1.18<\/div>\n<\/td>\n<\/tr>\n
\n
HSBC Midcap Equity Fund – Growth<\/a><\/div>\n<\/td>\n
\n
1.12<\/div>\n<\/td>\n
\n
3.11<\/div>\n<\/td>\n<\/tr>\n
\n
Sundaram S.M.I.L.E.Fund-Growth<\/a><\/div>\n<\/td>\n
\n
1.05<\/div>\n<\/td>\n
\n
5.74<\/div>\n<\/td>\n<\/tr>\n
\n
JM Basic Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
1.03<\/div>\n<\/td>\n
\n
0.23<\/div>\n<\/td>\n<\/tr>\n
\n
Sahara Star Value Fund-Growth Option<\/a><\/div>\n<\/td>\n
\n
1.01<\/div>\n<\/td>\n
\n
1.69<\/div>\n<\/td>\n<\/tr>\n
\n
Sahara Midcap Fund-Growth Plan<\/a><\/div>\n<\/td>\n
\n
1.00<\/div>\n<\/td>\n
\n
4.32<\/div>\n<\/td>\n<\/tr>\n
\n
Escorts Leading Sectors Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
0.97<\/div>\n<\/td>\n
\n
5.79<\/div>\n<\/td>\n<\/tr>\n
\n
DSP BlackRock India T.I.G.E.R. Fund – Regular Plan – Growth<\/a><\/div>\n<\/td>\n
\n
0.96<\/div>\n<\/td>\n
\n
2.02<\/div>\n<\/td>\n<\/tr>\n
\n
JM Multi Strategy Fund – Growth option<\/a><\/div>\n<\/td>\n
\n
0.95<\/div>\n<\/td>\n
\n
1.56<\/div>\n<\/td>\n<\/tr>\n
\n
DSP BlackRock Small and Mid Cap Fund – Regular Plan – Growth<\/a><\/div>\n<\/td>\n
\n
0.93<\/div>\n<\/td>\n
\n
7.76<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Information Ratio<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nIR<\/th>\nIRR<\/th>\n<\/tr>\n<\/thead>\n
\n
JM Basic Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
-1.14<\/div>\n<\/td>\n
\n
0.23<\/div>\n<\/td>\n<\/tr>\n
\n
Escorts Tax Plan-Growth<\/a><\/div>\n<\/td>\n
\n
-0.81<\/div>\n<\/td>\n
\n
0.79<\/div>\n<\/td>\n<\/tr>\n
\n
Religare Invesco PSU Equity Fund – Growth<\/a><\/div>\n<\/td>\n
\n
-0.75<\/div>\n<\/td>\n
\n
0.87<\/div>\n<\/td>\n<\/tr>\n
\n
Mirae Asset Global Commodity Stocks – Growth Option<\/a><\/div>\n<\/td>\n
\n
-0.75<\/div>\n<\/td>\n
\n
-0.16<\/div>\n<\/td>\n<\/tr>\n
\n
HSBC Progressive Themes Fund – Growth<\/a><\/div>\n<\/td>\n
\n
-0.67<\/div>\n<\/td>\n
\n
1.18<\/div>\n<\/td>\n<\/tr>\n
\n
Sundaram Growth Fund-Growth<\/a><\/div>\n<\/td>\n
\n
-0.62<\/div>\n<\/td>\n
\n
1.37<\/div>\n<\/td>\n<\/tr>\n
\n
Sahara Super 20 Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
-0.51<\/div>\n<\/td>\n
\n
1.49<\/div>\n<\/td>\n<\/tr>\n
\n
Sahara Growth Fund-Growth<\/a><\/div>\n<\/td>\n
\n
-0.49<\/div>\n<\/td>\n
\n
1.71<\/div>\n<\/td>\n<\/tr>\n
\n
JM Multi Strategy Fund – Growth option<\/a><\/div>\n<\/td>\n
\n
-0.49<\/div>\n<\/td>\n
\n
1.56<\/div>\n<\/td>\n<\/tr>\n
\n
Sundaram Select Focus-Growth<\/a><\/div>\n<\/td>\n
\n
-0.48<\/div>\n<\/td>\n
\n
1.57<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Draw-down Depth<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nDRAW DEPTH<\/th>\nIRR<\/th>\n<\/tr>\n<\/thead>\n
\n
HSBC Progressive Themes Fund – Growth<\/a><\/div>\n<\/td>\n
\n
-54.39<\/div>\n<\/td>\n
\n
1.18<\/div>\n<\/td>\n<\/tr>\n
\n
HSBC Midcap Equity Fund – Growth<\/a><\/div>\n<\/td>\n
\n
-52.28<\/div>\n<\/td>\n
\n
3.11<\/div>\n<\/td>\n<\/tr>\n
\n
JM Basic Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
-51.83<\/div>\n<\/td>\n
\n
0.23<\/div>\n<\/td>\n<\/tr>\n
\n
Escorts Tax Plan-Growth<\/a><\/div>\n<\/td>\n
\n
-46.87<\/div>\n<\/td>\n
\n
0.79<\/div>\n<\/td>\n<\/tr>\n
\n
Escorts Leading Sectors Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
-44.69<\/div>\n<\/td>\n
\n
5.79<\/div>\n<\/td>\n<\/tr>\n
\n
JM Multi Strategy Fund – Growth option<\/a><\/div>\n<\/td>\n
\n
-42.41<\/div>\n<\/td>\n
\n
1.56<\/div>\n<\/td>\n<\/tr>\n
\n
Sahara Star Value Fund-Growth Option<\/a><\/div>\n<\/td>\n
\n
-42.38<\/div>\n<\/td>\n
\n
1.69<\/div>\n<\/td>\n<\/tr>\n
\n
Religare Invesco PSU Equity Fund – Growth<\/a><\/div>\n<\/td>\n
\n
-41.63<\/div>\n<\/td>\n
\n
0.87<\/div>\n<\/td>\n<\/tr>\n
\n
Principal Emerging Bluechip Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
-40.74<\/div>\n<\/td>\n
\n
8.64<\/div>\n<\/td>\n<\/tr>\n
\n
Sundaram S.M.I.L.E.Fund-Growth<\/a><\/div>\n<\/td>\n
\n
-40.61<\/div>\n<\/td>\n
\n
5.74<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Draw-down Length<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nDRAW LENGTH<\/th>\nIRR<\/th>\n<\/tr>\n<\/thead>\n
\n
JM Basic Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
1092.00<\/div>\n<\/td>\n
\n
0.23<\/div>\n<\/td>\n<\/tr>\n
\n
Escorts Tax Plan-Growth<\/a><\/div>\n<\/td>\n
\n
932.00<\/div>\n<\/td>\n
\n
0.79<\/div>\n<\/td>\n<\/tr>\n
\n
Escorts Leading Sectors Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
842.00<\/div>\n<\/td>\n
\n
5.79<\/div>\n<\/td>\n<\/tr>\n
\n
JM Multi Strategy Fund – Growth option<\/a><\/div>\n<\/td>\n
\n
840.00<\/div>\n<\/td>\n
\n
1.56<\/div>\n<\/td>\n<\/tr>\n
\n
HSBC Progressive Themes Fund – Growth<\/a><\/div>\n<\/td>\n
\n
838.00<\/div>\n<\/td>\n
\n
1.18<\/div>\n<\/td>\n<\/tr>\n
\n
Religare Invesco PSU Equity Fund – Growth<\/a><\/div>\n<\/td>\n
\n
824.00<\/div>\n<\/td>\n
\n
0.87<\/div>\n<\/td>\n<\/tr>\n
\n
JM Tax Gain Fund – Growth option<\/a><\/div>\n<\/td>\n
\n
822.00<\/div>\n<\/td>\n
\n
2.42<\/div>\n<\/td>\n<\/tr>\n
\n
HSBC Midcap Equity Fund – Growth<\/a><\/div>\n<\/td>\n
\n
820.00<\/div>\n<\/td>\n
\n
3.11<\/div>\n<\/td>\n<\/tr>\n
\n
DSP BlackRock India T.I.G.E.R. Fund – Regular Plan – Growth<\/a><\/div>\n<\/td>\n
\n
808.00<\/div>\n<\/td>\n
\n
2.02<\/div>\n<\/td>\n<\/tr>\n
\n
SBI CONTRA – REGULAR PLAN -GROWTH<\/a><\/div>\n<\/td>\n
\n
807.00<\/div>\n<\/td>\n
\n
2.06<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Past Performance<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fund<\/th>\nBETA<\/th>\nIRR<\/th>\n<\/tr>\n<\/thead>\n
\n
Mirae Asset Global Commodity Stocks – Growth Option<\/a><\/div>\n<\/td>\n
\n
0.52<\/div>\n<\/td>\n
\n
-0.16<\/div>\n<\/td>\n<\/tr>\n
\n
JM Basic Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
1.09<\/div>\n<\/td>\n
\n
0.23<\/div>\n<\/td>\n<\/tr>\n
\n
Escorts Tax Plan-Growth<\/a><\/div>\n<\/td>\n
\n
0.82<\/div>\n<\/td>\n
\n
0.79<\/div>\n<\/td>\n<\/tr>\n
\n
Religare Invesco PSU Equity Fund – Growth<\/a><\/div>\n<\/td>\n
\n
0.84<\/div>\n<\/td>\n
\n
0.87<\/div>\n<\/td>\n<\/tr>\n
\n
Taurus Infrastructure Fund -Growth Option<\/a><\/div>\n<\/td>\n
\n
1.01<\/div>\n<\/td>\n
\n
1.12<\/div>\n<\/td>\n<\/tr>\n
\n
HSBC Progressive Themes Fund – Growth<\/a><\/div>\n<\/td>\n
\n
1.18<\/div>\n<\/td>\n
\n
1.18<\/div>\n<\/td>\n<\/tr>\n
\n
Sundaram Growth Fund-Growth<\/a><\/div>\n<\/td>\n
\n
0.85<\/div>\n<\/td>\n
\n
1.37<\/div>\n<\/td>\n<\/tr>\n
\n
Religare Invesco AGILE Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
0.73<\/div>\n<\/td>\n
\n
1.38<\/div>\n<\/td>\n<\/tr>\n
\n
Sundaram Global Advantage Fund Growth<\/a><\/div>\n<\/td>\n
\n
0.26<\/div>\n<\/td>\n
\n
1.44<\/div>\n<\/td>\n<\/tr>\n
\n
Sahara Super 20 Fund – Growth Option<\/a><\/div>\n<\/td>\n
\n
0.75<\/div>\n<\/td>\n
\n
1.49<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Conclusion<\/h3>\n

Mutual funds are marketed as wealth builders. However, the truth is that most of them struggle. As you can see from the analysis here, there are quite a few of them with low-single-digit returns over 5-year time-frames. At last count, there were more than 5300 different schemes that you could choose from.<\/p>\n

Are you getting the right advise? Get in touch with us if you are looking to invest! Call us or Whatsapp us at +918026650232<\/p>\n","protected":false},"excerpt":{"rendered":"

Introduction Our previous post looked at the 10 best mutual funds based on sharpe ratio, bear-beta, information ratio, draw-down depth and draw-down length between Jan-2010 and May-2015. Here are the 10 worst funds based on the same metrics. As you can imagine, infrastructure funds performed poorly in this time-frame. We ignore them for now. Sharpe … <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3471,9],"tags":[17,2761],"class_list":["post-2024451","post","type-post","status-publish","format-standard","hentry","category-investing-insight","category-your-money","tag-mutual-funds","tag-quant","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2024451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=2024451"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/2024451\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2024451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2024451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2024451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}