Study · Mutual funds · August 2026

What separates a good equity fund from a lucky one?

A rules-based scoring study of 43 Indian equity mutual funds, built entirely from raw AMFI NAV history. Same rules applied to every fund, scored against its own segment. Pick a lens to read the same 43 funds through returns, drawdowns, cost or style.

This is a study, not a recommendation. Nothing here is investment advice or a suggestion to buy, sell or hold any scheme. It is a transparent, mechanical screen published to show what a consistent set of rules produces when applied to every fund equally — including where the rules disagree with popular opinion. Scores are relative to each fund’s own segment and to a single point in time.

Forty-three funds, one set of rules

Every fund is scored 0–10 against its own segment across five dimensions. Change the lens to change what the table and chart show; change the segment to narrow the field. In the charts, each bubble is a fund and its size is that fund’s assets under management.

Lens
Segment

Click any fund to open its full metric detail. Click a column header to sort.

What the model measures

Five dimensions, eighteen variables, computed from raw NAV history rather than taken from any rating provider. The variables are listed below; how they are weighted against each other is proprietary and not published.

Where each segment sits in its cycle

A score says how a fund compares within its own segment. It says nothing about whether that segment is attractively priced today — often the larger question.

Benchmark proxyApplies to1Y % 3Y %5Y %Worst DDCycle note

How to read this, and where it stops