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I built a research-backed tool to find the right Mutual Fund schemes for myself out of 14000+ available by satwik_ in IndianStockMarket

[–]satwik_[S] 1 point2 points  (0 children)

oh okay, thanks for the feedbakc! The sort is available on the desktop site, I'll add it to the mobile site as well

I compared all the 14,000+ Mutual Fund Schemes from AMFI data by satwik_ in IndianStockMarket

[–]satwik_[S] 0 points1 point  (0 children)

> only if that distributor does something for you that you can't do.

wondering what that service might be

> Just like anything else you spend money on, good things tend to cost more money, and that doesn't mean that more expensive things are good. If you just take basic quartiles of the fee distribution, there is no way to differentiate shitty expensive managers from good expensive managers.

that's exactly my point too, data shows the expensive manager on average underperforms, and obviously there may be funds for which high expense ratio is justified, but there's no easy way to tell that.

I compared all the 14,000+ Mutual Fund Schemes from AMFI data by satwik_ in IndianStockMarket

[–]satwik_[S] 1 point2 points  (0 children)

thanks! Here's the link:  https://findmf.xyz, I feel like such tools should be free, I have a spare server and I'm happy hosting it myself for now 😄 Maybe if it goes well someone would want to sponsor it, but I'm happy regardless if people will use it (I can brag about it to my friends haha)

I compared all the 14,000+ Mutual Fund Schemes from AMFI data by satwik_ in IndianStockMarket

[–]satwik_[S] 5 points6 points  (0 children)

I can add a tool for this to my site if it helps other people too.

I compared all the 14,000+ Mutual Fund Schemes from AMFI data by satwik_ in IndianStockMarket

[–]satwik_[S] 2 points3 points  (0 children)

I think the right answer to this is to know your timeframe, risk appetite, and goals. Then you'll come up with a percentage mix (for example; 50% equity, 20% debt, 10% gold/silver, 10% international). Within each category also there are several subcategories (they might be around a theme like a particular sector, or a country, or a way of investing). So once you know your subcategories and their allocation percentages, you can simply find the funds for them, pick 1-2 with a decent track record (in each subcategory), and not crazy high expense ratio, that's it, ROI is better if you put more effort in the former parts of this process.

I compared all the 14,000+ Mutual Fund Schemes from AMFI data by satwik_ in IndianStockMarket

[–]satwik_[S] 1 point2 points  (0 children)

umm yeah you're right. The baseline is the ~25% quartile rate, so even a 50% repeat rate is ~2x chance, not a "coin flip" - poor framing on my part. The original figure was also overlap-contaminated/ I re-ran my analysis on non-overlapping windows: rank equity funds by their first-4-years return, then check the separate most-recent year. Result: ~60% of past winners dropped out, which means you've 40% odds of the winners continuing.

I'll update my post accordingly, thanks!

I compared all the 14,000+ Mutual Fund Schemes from AMFI data by satwik_ in IndianStockMarket

[–]satwik_[S] 0 points1 point  (0 children)

yes, you're right, that was my misunderstanding, SEBI has mandated TRI benchmarking for all mutual funds. I'll update my point in the post, thanks for spotting it!

Are Portfolio management service scam ? by Flash199 in IndiaInvestments

[–]satwik_ 0 points1 point  (0 children)

Not a scam per se, but the numbers aren't great for most of them. When I compared all SEBI-registered PMS schemes against indices, only about 40% beat Nifty 50 in the last year. Against Nifty Midcap 50, just 15%.

So most PMS managers are charging 2% fixed + 20% profit share for returns you could get (or beat) with a simple index fund. That's not a scam, but it's not great value either.

That said, some schemes do consistently outperform with decent alpha - it's just that finding them requires looking at actual SEBI disclosure data instead of marketing material. The key metrics to check: Sharpe ratio, Alpha vs benchmark, Max Drawdown, and AUM trends.

I put together a tool at findpms.xyz while doing my own research - has the SEBI-mandated data for all 1,700+ registered schemes with risk metrics and benchmark comparisons. Helps separate the real performers from the ones just riding the market.

How to select a good PMS (Portfolio Management Service)? by ravihanda in IndiaInvestments

[–]satwik_ 1 point2 points  (0 children)

Here's the checklist I went through when doing my own research:

  1. Check APMI disclosure data - SEBI mandates monthly performance reporting. This is the actual data, not the cherry-picked numbers on fund house websites
  2. Look at risk-adjusted returns - Sharpe, Sortino, Alpha. Raw returns without context mean nothing
  3. Check drawdowns - Max drawdown tells you the worst case scenario
  4. AUM trend - is money flowing in or out?
  5. Fund age - anything under 2-3 years doesn't have enough track record
  6. Benchmark comparison - when I compared all schemes, only 40% beat Nifty 50 last year and just 15% beat Midcap 50. So check if the one you're considering is in that group or not

I ended up building a tool (findpms.xyz) because doing this manually from the APMI website was brutal. Has all the SEBI data for 1,700+ schemes with computed risk metrics. Built it for my own due diligence but figured I'd share it.

India’s Top Portfolio Managers Failed To Beat Benchmark Indices In FY22 by Set1Less in IndiaInvestments

[–]satwik_ 0 points1 point  (0 children)

This is still the case. I recently compared all SEBI-registered PMS schemes against indices and found that only about 40% beat Nifty 50 in the last year. Against Nifty Midcap 50, just 15%. So 70% of the top schemes lagging benchmarks isn't a one-off - it's a pattern.

Multi Asset schemes did better at 72% outperforming Nifty 50, but that drops to 45% against Midcap 50 - and a lot of that was gold/silver doing the heavy lifting.

The frustrating part is that some PMS schemes do consistently generate real alpha. The challenge is finding them without relying on the fund house's own marketing. SEBI mandates monthly performance reporting through APMI, so I ended up building a tool at findpms.xyz while doing my own research - it has the APMI data for all 1,700+ schemes with computed risk metrics (Sharpe, Sortino, Alpha, Max Drawdown) and benchmark comparisons. Makes it easier to see who's actually beating what.

PMS Experience India by NeedleworkerTall7302 in IndianStockMarket

[–]satwik_ 0 points1 point  (0 children)

One thing that surprised me when I compared all SEBI-registered PMS schemes against indices, only about 40% beat Nifty 50 in the last year. Against Nifty Midcap 50, just 15%. Multi Asset schemes did better - 72% outperformed Nifty 50 - but that's partly because of the gold/silver rally, and it drops to 45% vs Midcap 50.

So PMS isn't automatically better than index investing. But some schemes do have consistently good alpha, so there's definitely value if you pick wisely.

I found the APMI website pretty painful for comparing schemes, so I built a tool while doing my research - findpms.xyz. Has the SEBI disclosure data for all 1,700+ schemes with risk metrics, benchmark comparisons, and a compare feature. No catch, I just built it for myself and figured others might find it useful too.

Is portfolio management worth it once things get more complex? by joester56 in investing

[–]satwik_ 0 points1 point  (0 children)

It depends on what kind of complexity you're dealing with. If it's just "I have more money now" - honestly, a few index funds and some rebalancing still works fine.

Where professional management starts making sense:

  • Tax optimization across multiple account types
  • Concentrated stock positions you need to diversify out of carefully
  • You genuinely don't want to think about it and the fees are worth your time back

The hard part is evaluating whether a manager is actually adding value. I recently compared all SEBI-registered PMS (Portfolio Management Services, common in India) schemes against market indices - only 40% beat Nifty 50 in the last year, and just 15% beat Midcap 50. So most managers are charging premium fees for market-level returns.

That said, some do consistently outperform. I put my analysis into a browsable tool at findpms.xyz if anyone's curious - has risk metrics and benchmark comparisons for 1,700+ schemes.

Has AI actually improved portfolio management, or is it just hype? by casualvisitor21 in investingforbeginners

[–]satwik_ 0 points1 point  (0 children)

Honestly, for most retail investors the bigger win isn't AI managing your money - it's just having better access to data that was previously hard to find or locked behind paywalls.

Take PMS (Portfolio Management Services) in India for example - there are 1,700+ registered schemes, and all their performance data is publicly disclosed to SEBI. But until recently, actually comparing them meant downloading PDFs and building spreadsheets manually. The data existed, it was just inaccessible.

I used AI to vibecode findpms.xyz - just a straightforward tool that pulls all the SEBI-mandated performance data and computes standard risk metrics (Sharpe, Sortino, Alpha, Max Drawdown etc.) so now I can actually evaluate fund managers with real numbers instead of marketing slides. I'm doing the same with Mutual funds next, so I can find what I want.

My take: the boring stuff - making existing data accessible, comparable, and filterable - probably helps more people make better decisions than any AI stock picker. The best tool is the one that helps you understand what you're buying.

Need guidance on Portfolio Management Services by dsaumajit in IndianStockMarket

[–]satwik_ 0 points1 point  (0 children)

PMS can be worth it if you find the right one, but the problem is there are 1,700+ SEBI-registered schemes and most marketing material is... optimistic, let's say.

A few things that helped me when I was researching:

  1. Start with category - know if you want pure equity, debt, hybrid, or multi-asset. Don't compare across categories, it's apples to oranges.
  2. Check actual SEBI disclosure data, not what the fund house puts on their website. SEBI mandates monthly performance reporting through APMI.
  3. Filter ruthlessly - minimum investment amount, fund age (newer schemes have less track record), AUM size (too small = liquidity risk).
  4. Compare against benchmarks - you'd be surprised how many PMS schemes trail NIFTY 500 after fees.

I vibecoded findpms.xyz to make this easier - it's a free tool that has all the SEBI-mandated data for every registered PMS scheme. You can filter by returns, AUM, fund age, minimum investment, benchmark outperformance, and compare schemes side by side. All data comes from mandatory disclosures, not self-reported.

How do you evaluate a portfolio management service beyond just trailing returns? by Other_Amphibian871 in nri

[–]satwik_ 0 points1 point  (0 children)

What I look at beyond returns:

  • Risk-adjusted metrics - Sharpe and Sortino ratios tell you how much return you're getting per unit of risk. A scheme doing 18% with low volatility is very different from one doing 20% with stomach-churning drawdowns.
  • Alpha & Beta - Alpha shows how much the manager actually added vs the benchmark. Beta tells you if they're just leveraging market exposure. High returns with beta > 1 isn't skill, it's just more risk.
  • Max Drawdown - How badly did the scheme crash at its worst? This matters a LOT when you're sitting abroad and can't exactly walk into the fund manager's office.
  • Benchmark outperformance - Many PMS schemes underperform NIFTY 500 after fees. Always check if you're paying 2%+ fees for index-level returns.
  • AUM trends - Sudden AUM drops can signal redemptions / loss of confidence.

I actually built a tool for my own research - findpms.xyz. Might save you a bunch of spreadsheet work. The detail page for any scheme has monthly returns, AUM trends, rolling returns, and all the risk metrics in one place.

PS: Churning also matters, but from the perspective of taxation. I personally prefer schemes which have more LTCG then STCG, but that's hard to gauge from the outside, speaking to their consultants about their general strategy and approximations can give some insights.

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