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This version of the fund efficiency report seems to be on the DSP Flexi Cap Fund (erstwhile DSP Fairness Fund). Launched in April 1997, the fund has an AUM of seven,739 Crores. After the SEBI categorisation guidelines, it was first categorised as a multi-cap fund in mid-2018 after which shifted to the flexicap class to align with SEBI’s revised Multicap MF Rule.
Disclaimer: Fund efficiency reviews current return and danger evaluation of a fund with consultant benchmarks and never funding suggestions. It should be expressly understood that the info under mirror solely previous efficiency and is under no circumstances a sign of future efficiency. Our funding suggestions are Handpicked Listing of Mutual Funds (PlumbLine).
The market cap allocation historical past of the fund is proven under. Over the previous couple of years, the fund has primarily behaved as a big and mid-cap sort of fund.
We learn how constantly the DSP Flexi Cap Fund has carried out wrt Nifty 120 TRI and Nifty Largemidcap 250 TRI. We are going to use three metrics to research efficiency consistency versus benchmarks. Evaluation comparable to this may be discovered for 350+ fairness funds in our month-to-month fairness mutual fund screener.
1 Rolling return outperformance consistency: the fund returns are in contrast with class benchmark returns over each attainable 1Y, 2Y, 3Y,4Y, and 5Y interval. Greater the outperformance consistency, the higher. Suppose 876 fund returns have been in contrast with 876 benchmark returns, and the fund has overwhelmed the benchmark 675 occasions. The consistency rating shall be 675/876 ~ 77%.
| Metric | N200TRI | Nifty Largemidcap 250 TRI |
| No of rolling return entries Index (1 12 months) | 2119 | 2131 |
| No of rolling return entries Fund (1 12 months) | 2119 | 2131 |
| No of occasions the fund has outperformed the index (1 12 months) | 1364 | 793 |
| rolling return outperformance Consistency Rating (1 12 months) | 64% | 37% |
| No of rolling return entries Index (2 Years) | 1873 | 1885 |
| No of rolling return entries Fund (2 years) | 1873 | 1885 |
| No of occasions the fund outperformed the index (2 years) | 1443 | 817 |
| rolling return outperformance Consistency Rating (2 years) | 77% | 43% |
| No of rolling return entries Index (3 Years) | 1639 | 1639 |
| No of rolling return entries Fund (3 years) | 1639 | 1639 |
| No of occasions the fund outperformed the index (3 years) | 1458 | 828 |
| rolling return outperformance Consistency Rating (3 years) | 89% | 51% |
| No of rolling return entries Index (4 Years) | 1396 | 1396 |
| No of rolling return entries Fund (4 years) | 1396 | 1396 |
| No of occasions fund outperformed the index (4 years) | 1237 | 747 |
| rolling return outperformance Consistency Rating (4 years) | 89% | 54% |
| No of rolling return entries Index (5 Years) | 1147 | 1147 |
| No of rolling return entries Fund (5 years) | 1147 | 1147 |
| No of occasions fund outperformed index (5 years) | 1115 | 650 |
| rolling return outperformance Consistency Rating (5 years) | 97% | 57% |
The fund has a superb outperformance monitor file wrt Nifty 200 TRI. The fund has outperformed Nifty 200 TRI over the past 3,4, and 5-year trailing durations. The margin is significantly decrease wrt Nifty Largemidcap 250 TRI, although. It underperformed over the past 3 and 5-year trailing durations.
2 Upside efficiency consistency over each attainable 1Y,2Y,3Y,4Y, 5Y: Greater the higher. A rating of 70% means, 7 out of 10 occasions, the Fund carried out higher than the class benchmark when the benchmark was transferring up. This can be a measure of reward. It’s computed from rolling upside seize information (see hyperlink under).
| Metric | N200TRI | Nifty Largemidcap 250 TRI |
| upside efficiency consistency (1 12 months) | 63% | 49% |
| upside efficiency consistency (2 years) | 63% | 51% |
| upside efficiency consistency (3 years) | 52% | 46% |
| upside efficiency consistency (4 years) | 64% | 52% |
| upside efficiency consistency (5 years) | 61% | 54% |
The fund generally does higher than Nifty 200 TRI when it’s transferring up.
3 Draw back efficiency consistency over each attainable 3Y,4Y, 5Y. Greater, the higher. A rating of 60% means, 6 out of 10 occasions, the Fund carried out higher than the class benchmark when the benchmark was transferring down. This can be a measure of danger safety. It’s computed from rolling draw back seize information. Learn extra: An introduction to Draw back and Upside Seize Ratios.
| Metric | N200TRI | Nifty Largemidcap 250 TRI |
| draw back safety consistency (1 12 months) | 43% | 40% |
| draw back safety consistency (2 years) | 52% | 48% |
| draw back safety consistency (3 years) | 59% | 48% |
| draw back safety consistency (4 years) | 52% | 55% |
| draw back safety consistency (5 years) | 58% | 54% |
The draw back seize can also be not constantly excessive. It isn’t typically we see a fund with nearly common to an above-average draw back and upside seize consistency however an above-average return outperformance consistency.
This implies that DSP Flexi Cap Fund tends to do effectively over the long run however could be irritating for the investor in the course of the journey. Current traders with a very good expertise with the fund can proceed to carry it. New traders contemplating the fund might want to mood expectations and respect the previous efficiency disclaimer. Additionally, see: Can I take advantage of a big and mid cap fund as a substitute of an index fund?
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