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Compare Mutual funds Online in 2022: Mutual Funds Performance Comparison

Comparing mutual funds online? Here is a step by step procedure to compare mutual funds online based on risk, sip amount, expense ratio & NAV.
Compare Mutual funds Online in 2022: Mutual Funds Performance Comparison

Mutual funds are professionally managed investment funds provided to investors to grow their money. Many securities in India, like ICICI Direct, HDFC Securities, SBI, etc.,  provide mutual funds to their customers. However, the sheer options available can make selecting the right mutual fund challenging. If you compare mutual funds using the right parameters, you will be able to select the best mutual fund scheme for your investment. Different parameters are available based on the investment you want to make, the returns you desire, and the investment term of your choice.

Compare Mutual Fund Performance

Given below is a table that will help you compare the performance of your mutual funds using the right factors. You can use this table to fill the cells and easily compare your chosen mutual fund schemes.

 Mutual Fund Name
Factors to compare mutual fund performanceMutual Fund #1Mutual Fund #2
Fund details  
Fund House  
Fund category  
Launch date  
Fund age  
Fund size  
Fund rating  
Benchmark Index  
Returns details  
Returns since launch (%)  
1-Day average return  
1-Year returns  
3-Years returns  
5-Years returns  
7-Years returns  
Investment details  
Minimum SIP amount (minimum investment amount)  
Lock-in period  
Type (open/close-ended)  
Exit load  
1.   Standard deviation  
2.   Sharpe Index  
3.   Sortino  
4.   Alpha  
5.   Beta  
Investment Horizon  
Top 10 Holdings (% assets)  
Top 3 sectors  
Equity holdings (%)  
Debt holdings (%)  
Average market capitalisation  
1.   Giant cap (%)  
2.   Large-cap (%)  
3.   Mid-cap (%)  
4.   Small-cap (%)  
Fund manager  

Why do you need to compare mutual fund schemes? 

There are a plethora of mutual funds available for investors to choose from. Furthermore, one mutual fund house has multiple mutual funds that may sound similar. But these funds may provide different returns, have different horizons, and different market capitalisations. This means that without comparing all the right factors, it is impossible to determine which is the ideal fund for your investment. 

Many funds may have the same net asset value (NAV) or SIP amount and exit load. However, they provide different returns and are geared towards different goals. If you do not compare mutual funds, you may find it difficult to choose the right investment fund for your goals.

Which parameters are used to compare mutual fund performance? 

Investors can choose the right fund only when they know the mutual fund performance comparison parameters. Each parameter makes a difference in the final selection, and therefore, should be considered seriously. Here are the parameters used to compare mutual funds:

  1. Goal: The first key factor to identify is the investment objective you are trying to fulfil. The goal can be retirement, education, second home, car, or even marriage. Without having an investment objective, you may not have a clear idea of the desired amount and when you need the money.
  2. Returns: The second factor in comparing is returns because that is the goal of the investment: to grow the money. Most investors use 1-year, 3-years, and 5-years returns to determine how the fund performs. However, if you opt for a long-term investment (10-20 years or more), the 7-year returns should also be considered.
  3. Benchmark returns: Every mutual fund is benchmarked to an index. It can be Sensex, Nifty, S&P, Nasdaq, or any other international index. Comparing the returns of the benchmark index and that of the fund during the same period can be done. This indicates how much the fund has delivered compared to the benchmark index in the same period (1-year, 3-years, or 5-years).

How do you compare mutual funds the right way? 

While these factors can be used to compare mutual funds, there are important rules to remember when selecting mutual funds:

  • Compare mutual funds in the same class.

    The category and sub-category of the mutual fund make a difference in the returns the fund gives. Therefore, when comparing mutual funds, compare mutual funds in the same category to assess performance. 
  • Compare fund performance and benchmark index performance.
    Mutual fund performance comparison with the benchmark index performance is an important step. This comparison explains how much return the fund has provided in the same duration as the index. 
  • Not all funds of a fund house are good.
    It is a common misconception that all mutual funds of a fund house are good. However, that is not always the case. Do not assume a mutual fund performs well and will provide high returns only just because another fund does. Perform a thorough analysis before making a selection. 

Common mistakes when comparing mutual funds

Comparing mutual funds can be confusing as there is much information to skim through. However, there are two common mistakes that most people commit when comparing mutual funds. These mistakes can often lead to the selection of the wrong mutual fund.

  • Looking at only returns of the fund
    One common mistake that most investors make is comparing only the mutual funds' returns. While returns are important, another factor to never ignore is consistency. Use the 1-year, 3-year, 5-year, and other returns to determine whether the fund performs consistently or not. 
  • Comparing based on only 2-3 criteria
    Most investors use only two or three criteria for mutual fund performance comparison. However, this may lead to a wrong decision. When you compare mutual funds, analyse all criteria given in a mutual fund comparison table. 

Bottom line

Due to the sheer number of options available, you should compare mutual funds in India before selecting one for your goals. Making a well-educated decision is much better than taking a guess. Investment in the right fund can yield the results and returns you are looking for, but you must decide consciously and with understanding.


  1. How many funds should I compare before selecting one?
    There is no minimum or the maximum number of mutual funds to compare before selecting one. The only rule is to compare mutual funds in the same category.
  1. Why should I compare risk ratios?
    Comparing risk ratios will help you understand how much risk you take under each fund. They can help you determine the volatility of the fund and the chances of getting extra returns.

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