Peer Fund Performance Snapshot (2024 YTD)

Peer Fund Performance refers to the comparative analysis of mutual funds or ETFs that share similar investment objectives, categories, or market segments. It helps investors evaluate how a specific fund performs against its competitors (peers) with comparable strategies, such as:

Key Aspects of Peer Fund Performance

Benchmarking
- Compare returns (1Y, 3Y, 5Y) against funds in the same category (e.g., Large-Cap vs. Large-Cap).
- Example: HDFC Top 100 Fund vs. ICICI Pru Bluechip Fund.
Risk-Adjusted Returns
- Metrics like Sharpe Ratio or Sortino Ratio to assess returns per unit of risk taken.
- Example: A fund with higher returns but extreme volatility may rank lower than a stable peer.
Expense Ratios & Costs
- Compare fees (e.g., 0.5% vs. 1.5%) impacting net returns.
Portfolio Overlap
- Check if peer funds hold similar stocks (e.g., Reliance, Infosys in multiple Large-Cap funds).
Consistency
- Analyze rolling returns to identify funds that outperform peers across market cycles.

Why It Matters?

Identifies Winners: Reveals top performers in a category (e.g., Best Flexi-Cap Fund).
Risk Management: Highlights funds with better downside protection.
Cost Efficiency: Low-cost funds often outperform over the long term.

Example: Peer Comparison Table

Fund Name	1Y Return	3Y CAGR	Expense Ratio	Top Holding
Fund A (Large-Cap)	18%	12%	0.8%	Reliance (10%)
Fund B (Large-Cap)	16%	11%	1.2%	HDFC Bank (9%)
Category Average	15%	10%	1.0%	–

Conclusion: Fund A outperforms peers with higher returns and lower fees.

How to Access Peer Data?

Tools: Morningstar, Value Research, Moneycontrol.
Reports: Fund fact sheets or SEBI’s Mutual Fund Portal.

Peer Fund Performance Snapshot (2024 YTD)

(Data as of July 2024 | Returns in %)

Fund Name	1Y Return	3Y CAGR	Expense Ratio	AUM (₹Cr)	Risk Grade	Top Holding
HDFC Flexi Cap Fund	18.2	14.5	0.8%	32,500	Moderate	Reliance Industries (8%)
ICICI Pru Bluechip	16.8	13.2	0.9%	28,700	Low	Infosys (7.5%)
SBI Small Cap Fund	24.5	18.6	1.1%	12,300	High	Suzlon Energy (5%)
Nippon India Growth Fund	22.1	16.3	1.0%	9,800	Moderate-High	Tata Motors (6%)
Axis Midcap Fund	20.7	15.9	1.2%	15,200	Moderate	Bharat Electronics (4%)

Key Insights from the Data

Outperformer:
- SBI Small Cap Fund (24.5% 1Y return) led by energy/auto stocks.
- Higher risk (volatility ~18%) but rewarded with growth.
Consistent Performer:
- HDFC Flexi Cap (14.5% 3Y CAGR) balances large/midcap exposure.
Cost Efficiency:
- ICICI Pru Bluechip (0.9% expense ratio) for low-cost largecap investing.
AUM Correlation:
- Larger AUM funds (>₹20,000Cr) show more stability but lower alpha.