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The data is derived from rolling return differences

Return difference = Index monthly return minus fund monthly return

If the return difference is negative, this means the index fund or ETF has generated a HIGHER monthly return
than the index. Index here always means total return index (dividends included)

Duration (days) 30 represent monthly return duration

max return difference
min return difference
reurn difference spread
no of neg return differences
Total no of return differences
% negative instances
The max return difference as defined above
The min return difference
max - min For a particular benchmark we shall look for a spread less than 1% (marked in bold)
no of times fund or etf has outperformed the index (monthly returns)
Total number of return difference data points
(no of neg return differences)/(Total no of return differences)
For a particular benchmark we shall look for less than 10% of such negative instances (marked
monthly return

less than 1% (marked in bold)

ch negative instances (marked in bold)

Category Benchmark Fund Duration (days)
Nifty 50 TRNifty 50 TRI L&T Nifty 50 Index Fund(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI IDBI Nifty Index Fund(G)-Direct Plan 30
SENSEX TRISENSEX TRI HDFC Index Fund-Sensex(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI Nifty Bees NAV 30
Nifty 50 TRNifty 50 TRI UTI Nifty Index Fund(G)-Direct Plan 30
Nifty Next Nifty Next 50 TRI L&T Nifty Next 50 Index Fund(G)-Direct Plan 30
Nifty Next Nifty Next 50 TRI UTI Nifty Next 50 Index Fund(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI LIC MF Index Fund-Nifty Plan(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI HDFC Index Fund-NIFTY 50 Plan(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI SBI Nifty Index Fund(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI ICICI Pru Nifty Index Fund(G)-Direct Plan 30
Nifty Next Nifty Next 50 TRI ICICI Pru Nifty Next 50 Index Fund(G)-Direct Plan 30
SENSEX TRISENSEX TRI LIC MF Index Fund-Sensex Plan(G)-Direct Plan 30
SENSEX TRISENSEX TRI ICICI Pru Sensex Index Fund(G)-Direct Plan 30
Nifty 100 Nifty 100 EW TRI Sundaram Smart NIFTY 100 Eq Weight Fund(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI IDFC Nifty Fund(G)-Direct Plan 30
Nifty Next Nifty Next 50 TRI DSP NIFTY Next 50 Index Fund(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI Nippon India Index Fund - Nifty Plan(G)-Direct Plan 30
Nifty Next Nifty Next 50 TRI IDBI Nifty Junior Index Fund(G)-Direct Plan 30
Nifty SmallNifty Smallcap 250 Motilal Oswal Nifty Smallcap 250 Index Fund(G)-Direct Plan 30
Nifty 100 Nifty 100 EW TRI Principal Nifty 100 Equal Weight Fund(G)-Direct Plan 30
SENSEX TRISENSEX TRI Nippon India Index Fund - Sensex Plan(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI Aditya Birla SL Index Fund(G)-Direct Plan 30
Nifty 500 TNifty 500 TRI Motilal Oswal Nifty 500 Fund(G)-Direct Plan 30
Nifty Next Nifty Next 50 TRI Motilal Oswal Nifty Next 50 Index Fund(G)-Direct Plan 30
Nifty Midc Nifty Midcap 150 TRMotilal Oswal Nifty Midcap 150 Index Fund(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI Franklin India Index Fund-NSE Nifty(G)-Direct Plan 30
Nifty 100 TNifty 100 TRI Axis Nifty 100 Index Fund(G)-Direct Plan 30
SENSEX TRISENSEX TRI Tata Index Fund-Sensex Plan(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI Motilal Oswal Nifty 50 Index Fund(G)-Direct Plan 30
Nifty 50 E Nifty 50 TRI DSP Equal Nifty 50 Fund(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI Taurus Nifty Index Fund(G)-Direct Plan 30
Nifty Bank Nifty Bank TRI Motilal Oswal Nifty Bank Index Fund(G)-Direct Plan 30
Nifty 50 TRNifty 50 TRI Tata Index Fund-Nifty Plan(G)-Direct Plan
Nifty 50 TRNifty 50 TRI Nifty Bees Price 30
 no of
neg
return Total no of reurn %
max return min return differe return difference negative
difference difference nces differences spread instances
0.17% -0.06% 17 117 0.23% 15%
0.20% -0.05% 51 469 0.25% 11%
0.25% -0.02% 15 469 0.27% 3%
0.24% -0.04% 196 469 0.28% 42%
0.34% -0.02% 6 469 0.36% 1%
0.34% -0.17% 24 117 0.51% 21%
0.31% -0.21% 142 469 0.52% 30%
0.41% -0.21% 110 469 0.61% 23%
0.51% -0.11% 12 469 0.62% 3%
0.66% -0.05% 10 469 0.70% 2%
0.43% -0.28% 111 469 0.71% 24%
0.53% -0.21% 64 469 0.74% 14%
0.51% -0.43% 76 469 0.94% 16%
0.46% -0.69% 99 469 1.15% 21%
0.79% -0.53% 120 469 1.32% 26%
0.54% -0.80% 130 469 1.34% 28%
1.15% -0.25% 83 395 1.39% 21%
0.98% -0.43% 18 469 1.41% 4%
1.10% -0.47% 92 469 1.57% 20%
0.77% -1.03% 66 262 1.80% 25%
1.40% -0.42% 43 469 1.82% 9%
1.05% -0.79% 65 469 1.85% 14%
1.12% -0.73% 61 469 1.86% 13%
1.05% -0.82% 64 262 1.87% 24%
1.17% -0.71% 79 192 1.88% 41%
0.51% -1.38% 61 262 1.88% 23%
1.22% -0.66% 87 469 1.89% 19%
1.02% -0.95% 74 235 1.97% 31%
1.02% -1.00% 141 469 2.02% 30%
1.18% -1.03% 56 192 2.21% 29%
2.24% -0.14% 60 469 2.38% 13%
1.35% -1.58% 161 470 2.93% 34%
2.03% -1.15% 115 262 3.18% 44%
2.13% -1.17% 148 469 3.29% 32%
7.63% -4.86% 244 474 12.49% 51%
Category Benchmark Fund
Nifty 50 TRI Nifty 50 TRI L&T Nifty 50 Index Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI IDBI Nifty Index Fund(G)-Direct Plan
SENSEX TRI SENSEX TRI HDFC Index Fund-Sensex(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI UTI Nifty Index Fund(G)-Direct Plan
Nifty Next 50 TRI Nifty Next 50 TRI L&T Nifty Next 50 Index Fund(G)-Direct Plan
Nifty Next 50 TRI Nifty Next 50 TRI UTI Nifty Next 50 Index Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI HDFC Index Fund-NIFTY 50 Plan(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI SBI Nifty Index Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI ICICI Pru Nifty Index Fund(G)-Direct Plan
Nifty Next 50 TRI Nifty Next 50 TRI ICICI Pru Nifty Next 50 Index Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI LIC MF Index Fund-Nifty Plan(G)-Direct Plan
SENSEX TRI SENSEX TRI LIC MF Index Fund-Sensex Plan(G)-Direct Plan
SENSEX TRI SENSEX TRI ICICI Pru Sensex Index Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI IDFC Nifty Fund(G)-Direct Plan
Nifty Next 50 TRI Nifty Next 50 TRI DSP NIFTY Next 50 Index Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI Nippon India Index Fund - Nifty Plan(G)-Direct Plan
Nifty Next 50 TRI Nifty Next 50 TRI IDBI Nifty Junior Index Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI DSP NIFTY 50 Index Fund(G)-Direct Plan
Nifty Smallcap 250 TRI Nifty Smallcap 250 TRI Motilal Oswal Nifty Smallcap 250 Index Fund(G)-Direct Plan
SENSEX TRI SENSEX TRI Nippon India Index Fund - Sensex Plan(G)-Direct Plan
Nifty 100 EW TRI Nifty 100 EW TRI Sundaram Smart NIFTY 100 Eq Weight Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI Aditya Birla SL Index Fund(G)-Direct Plan
Nifty 500 TRI Nifty 500 TRI Motilal Oswal Nifty 500 Fund(G)-Direct Plan
Nifty Next 50 TRI Nifty Next 50 TRI Motilal Oswal Nifty Next 50 Index Fund(G)-Direct Plan
Nifty Midcap 150 TRI Nifty Midcap 150 TRI Motilal Oswal Nifty Midcap 150 Index Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI Franklin India Index Fund-NSE Nifty(G)-Direct Plan
Nifty 100 TRI Nifty 100 TRI Axis Nifty 100 Index Fund(G)-Direct Plan
SENSEX TRI SENSEX TRI Tata Index Fund-Sensex Plan(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI Motilal Oswal Nifty 50 Index Fund(G)-Direct Plan
Nifty 50 EW TRI Nifty 50 TRI DSP Equal Nifty 50 Fund(G)-Direct Plan
Nifty Bank TRI Nifty Bank TRI Motilal Oswal Nifty Bank Index Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI Tata Index Fund-Nifty Plan(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI Taurus Nifty Index Fund(G)-Direct Plan
Nifty 100 EW TRI Nifty 100 EW TRI Principal Nifty 100 Equal Weight Fund(G)-Direct Plan
Nifty 50 TRI Nifty 50 TRI Nifty Bees Price
Nifty 50 TRI Nifty 50 TRI Nifty Bees NAV
 Total no of reurn %
Duration max return min return no of neg return return difference negative
(days) difference difference differences differences spread instances
30 0.17% -0.06% 17 117 0.23% 15%
30 0.20% -0.05% 76 717 0.25% 11%
30 0.25% -0.04% 31 717 0.28% 4%
30 0.34% -0.06% 52 717 0.40% 7%
30 0.34% -0.17% 24 117 0.51% 21%
30 0.31% -0.21% 153 554 0.52% 28%
30 0.51% -0.11% 53 717 0.62% 7%
30 0.66% -0.05% 16 717 0.70% 2%
30 0.43% -0.28% 113 717 0.71% 16%
30 0.53% -0.21% 139 717 0.74% 19%
30 0.65% -0.21% 130 717 0.86% 18%
30 0.51% -0.43% 123 717 0.94% 17%
30 0.46% -0.69% 159 717 1.15% 22%
30 0.54% -0.80% 207 717 1.34% 29%
30 1.15% -0.25% 83 395 1.39% 21%
30 0.98% -0.43% 32 717 1.41% 4%
30 1.10% -0.47% 176 717 1.57% 25%
30 1.19% -0.55% 63 395 1.74% 16%
30 0.77% -1.03% 66 262 1.80% 25%
30 1.05% -0.79% 143 717 1.85% 20%
30 0.79% -1.07% 247 717 1.86% 34%
30 1.12% -0.73% 80 717 1.86% 11%
30 1.05% -0.82% 64 262 1.87% 24%
30 1.17% -0.71% 79 192 1.88% 41%
30 0.51% -1.38% 61 262 1.88% 23%
30 1.22% -0.66% 113 717 1.89% 16%
30 1.02% -0.95% 74 235 1.97% 31%
30 1.02% -1.00% 236 717 2.02% 33%
30 1.18% -1.03% 56 192 2.21% 29%
30 2.24% -0.14% 91 717 2.38% 13%
30 2.03% -1.15% 115 262 3.18% 44%
30 2.13% -1.17% 236 717 3.29% 33%
30 1.35% -2.18% 254 718 3.53% 35%
30 2.77% -5.08% 124 717 7.86% 17%
30 7.63% -4.86% 244 474 12.49% 51%
30 92.73% -0.04% 276 717 92.77% 38%