Compare Mutual Funds Online

INDmoney's mutual fund comparison tool lets you compare two, three, or four mutual fund schemes side by side across returns, risk ratios, portfolio holdings, expense ratio, fund manager details, and more. Whether you are doing a peer comparison of funds within the same category or evaluating schemes across AMCs, the tool gives you a complete performance comparison in seconds, on the app or on the web.

Select Mutual Funds To Compare

Comparing 0 out of 4 mutual funds

Why Compare Mutual Funds?

With over 1,500 mutual fund schemes in India across equity, debt, and hybrid categories, selecting the right one requires more than glancing at past returns. A meaningful mutual fund comparison helps you uncover differences that are easy to miss.

Two funds in the same category can have expense ratios that differ by 0.5 to 1%. On a ₹10 lakh SIP over 20 years, that gap alone can mean ₹8 to 10 lakhs in lost returns. A fund that topped its category last year may have underperformed its benchmark across rolling 3-year periods. And if two schemes in your portfolio hold most of the same stocks, you are paying two expense ratios for nearly identical exposure.

A proper fund comparison reveals all of this before you invest, not after.

How to Use INDmoney's MF Comparison Tool

The mutual fund comparison tool works on both the INDmoney app and website. Here is how to use it:

Add funds. Search by fund name or AMC. You can compare two mutual funds, three, or up to four at a time.
Review comparison tables. The tool generates a side-by-side comparison across six sections: pros and cons, fund overview, portfolio holdings, returns, risk ratios, and fund manager details.
Check the performance graph. The historical returns chart shows how ₹10,000 invested in each fund would have grown. Toggle between 6M, 1Y, 3Y, and 5Y to see performance across different market cycles.
Switch between lumpsum and SIP comparison. Toggle between "One time Returns (CAGR%)" and "SIP Returns (Absolute%)" to compare funds based on your actual investment method.
Compare rankings. Each fund shows its INDmoney ranking within its SEBI category, so you can instantly see where it stands among peers.
Invest directly. Once you have decided, invest at zero commission on direct plans without leaving the app.

What the Tool Compares

When you add mutual fund schemes to the comparison tool, INDmoney generates a detailed side-by-side analysis:

Pros and Cons are highlighted for each fund upfront. The tool flags specifics like "larger AUM within category", "beats FD returns for both 3Y and 5Y", or "does not beat the benchmark consistently", giving you an instant snapshot before you look at the numbers.

Fund Overview covers the essentials: INDmoney ranking within the category, SEBI-defined fund category, fund age (years in existence), AUM, minimum SIP and lumpsum investment amounts, expense ratio, exit load, and benchmark index.

Portfolio Holdings shows total holdings count, top 5 stocks with percentage weightage, top 3 sectors with allocation, equity-debt split, P/E ratio, P/B ratio, and for debt schemes, credit quality, modified duration, and yield to maturity (YTM).

Returns Comparison lets you toggle between lumpsum returns (CAGR%) and SIP returns (absolute%) across 1-month, 3-month, 6-month, 1-year, 3-year, and 5-year periods. The SIP view uses XIRR methodology to calculate what your systematic investments would have actually earned.

Ratios Comparison displays Sharpe ratio, alpha, beta, standard deviation, and information ratio side by side for a complete mutual fund performance comparison adjusted for risk.

About the Fund provides each scheme's investment objective and current fund manager names.

Historical Returns Graph visually shows how ₹10,000 invested in each scheme would have grown, with colour-coded lines and percentage returns annotated at each data point.

Key Parameters for Mutual Fund Comparison

Returns: CAGR and SIP XIRR

Compare CAGR across 3-year and 5-year periods for lumpsum investments. For SIP, the tool shows absolute returns calculated using XIRR, which accounts for the timing and amount of each instalment and gives a more realistic picture than simple annualised returns.

For deeper analysis, compare rolling returns. A 3-year rolling return calculated over the last 7 years covers every possible entry and exit point, removing the bias of a single start date. This is one of the most reliable methods for mutual fund performance comparison.

Expense Ratio

The annual management fee deducted from your returns daily. Always compare expense ratios within the same plan type. Direct plans are always cheaper than regular plans because they do not include distributor commissions.

Risk Ratios

The fund comparison tool shows five risk metrics:

Sharpe ratio measures excess return per unit of risk. The formula is (Fund Return minus Risk-Free Rate) divided by Standard Deviation. For example, a fund with 12% return, 5% risk-free rate, and 10% standard deviation has a Sharpe ratio of 0.7. Higher is better. Above 1 is good, above 2 is excellent. Always compare within the same category.

Alpha measures excess return over the benchmark. Positive alpha means the fund manager is adding value beyond what the market delivers. Negative alpha means the scheme is underperforming its benchmark.

Beta measures sensitivity to market movements. A beta of 1 means the fund moves in lockstep with its benchmark. Above 1 means it amplifies market swings, below 1 means it dampens them.

Standard deviation measures return volatility. Higher standard deviation means higher risk and wider swings in NAV.

Information ratio shows how consistently the fund manager generates outperformance. Below 0.4 is inconsistent, 0.4 to 0.61 is good, above 0.61 is excellent.

Fund Category and Benchmark

Only compare schemes within the same SEBI-defined category. A small-cap fund returning 25% is not "better" than a large-cap fund returning 15% because they carry fundamentally different risk. The comparison tool shows each fund's benchmark index so you can check whether active management is actually adding value.

AUM

Very large AUM (₹40,000+ crore) in small or mid-cap funds can make it hard for the manager to deploy capital without moving stock prices. Very small AUM (below ₹500 crore) can mean higher costs and lower liquidity.

Portfolio Holdings and Sector Allocation

The top 5 holdings and their weightage reveal concentration risk. If 40%+ is in 5 stocks, the fund is making concentrated bets. Comparing sector allocations across schemes helps you check whether you are genuinely diversified or just holding the same banking and IT stocks in multiple funds.

P/E and P/B Ratios

The weighted average P/E of a fund's portfolio tells you how much investors are paying per rupee of earnings. P/B compares market price to book value. Comparing these across peer funds shows whether one portfolio is priced at a premium or discount relative to another.

Fund Manager

In actively managed schemes, the manager's decisions drive returns. The tool shows who currently manages each fund. If the manager took over recently, the scheme's long-term track record may reflect someone else's skill.

Exit Load and Lock-in Period

Some large-cap funds charge 0.25% if redeemed within 30 days and 0.1% within 90 days. ELSS schemes have a mandatory 3-year lock-in with zero exit load. The tool shows exact exit load details for each fund.

SIP vs Lumpsum Performance

A fund that does well for lumpsum investments may behave differently for SIP investors because SIPs benefit from rupee cost averaging during volatile markets. The comparison tool lets you toggle between both views so you evaluate based on how you actually invest.

Comparing Across Fund Types

The same tool works for equity, debt, hybrid, and index fund schemes, but the parameters you should focus on differ.

For equity schemes (large-cap, mid-cap, small-cap, flexi-cap, ELSS, index funds), prioritise alpha, Sharpe ratio, sector allocation, P/E, P/B, and consistency of returns across 3 and 5-year periods.

For debt schemes (liquid, short-term, gilt, corporate bond), focus on credit quality, modified duration, and YTM. Higher YTM generally means higher returns, but check alongside credit quality. Modified duration tells you how sensitive the fund is to interest rate changes.

For hybrid schemes (balanced advantage, aggressive, conservative), check the equity-debt allocation ratio. Schemes with 65%+ equity qualify for equity taxation, which meaningfully impacts post-tax returns.

The tool shows all relevant parameters for each fund type automatically.

Common Mistakes When Comparing Funds

Chasing last year's topper. Top-quartile funds have roughly a 25% chance of repeating that performance the next year. Use rolling returns over 5 to 7 year windows instead.

Ignoring small expense ratio differences. A 0.5% gap on a ₹50,000 monthly SIP over 25 years at 12% gross return translates to over ₹30 lakh in your final corpus.

Comparing across categories. A small-cap and large-cap scheme are not comparable. Always compare within the same SEBI category.

Looking at returns without risk ratios. Two funds with the same 5-year return may have very different Sharpe ratios and standard deviations. The one with better risk-adjusted performance is the more reliable choice.

Ignoring tax treatment. Equity schemes held over a year qualify for LTCG at 12.5% above ₹1.25 lakh. Debt schemes are taxed at your income slab. This difference can change your post-tax outcome significantly.

Not checking manager tenure. If the current manager joined 6 months ago, the fund's 5-year returns reflect someone else's decisions. Check the "About the Fund" section in the comparison tool.

Frequently Asked Questions

What is MF Compare tool?

INDMoney's MF Compare tool is an online platform that helps investors in India compare multiple mutual funds based on various parameters such as returns, risk, portfolio holdings, expenses, and more..The tool is designed to simplify the process of mutual fund selection by providing a comprehensive analysis of different mutual funds in a user-friendly format.`,`The tool then generates a detailed report that compares the shortlisted mutual funds across various parameters, enabling investors to make an informed decision based on their individual needs and preferences.`

How do you evaluate a mutual fund?

Returns: The most common method for mutual fund comparison is just by looking at their respective returns. We have provided both the short-term and the long-term returns for each of the funds. Although, for equity funds comparing returns across the long-term (3 years, 5 years) is generally preferred. Lumpsum return Vs SIP return: Apart from the time period, comparing returns on the basis of the method of investment is also important. Lumpsum return is calculated by comparing the annualized return of the funds whereas the SIP rate of return is calculated by comparing the extended internal rate of return (XIRR). Expense Ratio: The expense ratio is another key metric that shows the amount of annual expense that an investor of a particular fund shall incur. The fund charges this amount from the investors in order to manage the fund on their behalf. Risk Ratios: The returns of a fund alone do not give the entire picture, returns must always be compared with the risks undertaken on investing in a fund. We have explained the various ratios in the below FAQ. Portfolio Holdings: Investors must be aware of a fund’s portfolio prior to investing in them. A fund’s portfolio tells us the exposure of the fund across various sectors, which are the key stocks that form a majority of the fund’s holding as well as the degree of overlap that exists in case you own more than one fund at a time.

Why do we need to compare mutual funds?

Investments being a long-term affair, selecting the right type of mutual fund is imperative. Among the broadly classified types of mutual funds like equity, debt, and hybrid, there are various subcategories that increase the number of choices for investors. Hence comparing mutual funds is the first and most important step in selecting the right investment.

Which are the important risk measurement ratios used to compare mutual funds?

There are various risk measurement ratios that help us to compare the performance of various mutual funds. Alpha: The alpha of a mutual fund describes the fund’s performance in relation to a particular benchmark index it is pegged at. The baseline for alpha is 0. A mutual fund with a baseline above 0 means that the particular fund has outperformed the benchmark. While the same below 0 shows that the fund has underperformed compared to the benchmark index. A fund with 0 alpha means it is performing in line with the benchmark. Beta: The beta shows how volatile a fund is compared to the benchmark index. The baseline for Beta is 1 and funds with higher volatility have a beta higher than 1. While the same less than 1 implies less volatility compared to the benchmark index. Sharpe Ratio: The Sharpe ratio represents the risk-adjusted rate of return for a particular fund. In other words, the Sharpe ratio tells us the ideal return that the fund must generate in relation to the overall risk taken on investing in that fund. A fund with a higher Sharpe ratio is considered better than the one with a lower Sharpe ratio. A negative Sharpe ratio implies that investments that are risk-free have a higher return than the particular fund. Price-to-earnings: The price-to-earnings ratio of a mutual fund is the weighted average price-to-earnings ratio of all the stocks that form part of a fund’s portfolio. Price-to-earnings represents the amount of money that investors are willing to invest in compared to the earnings of a particular company or a mutual fund. This is used to evaluate if a fund is highly overpriced or underpriced compared to other funds. Price-to-book ratio: The price-to-book ratio of a mutual fund is the weighted average of the price-to-book ratios of all the stocks that form part of a fund’s portfolio. The price-to-book ratio compares the market price of a stock to the current book value of all assets held by the company. The P/B ratio of a mutual fund depends on the P/B ratio of the stocks that have a higher holding in the fund’s portfolio. Modified Duration: Duration is for debt funds what beta and alpha are for equity funds. Duration represents the sensitivity of a debt mutual fund in relation to changes in interest rates. If a particular fund has a modified duration of 3 years it means a 1% rise in interest rates shall affect a 3% fall in the price of the debt fund and vice versa. YTM: Yield to maturity of a debt fund gives the expected return of a fund if held till maturity. The YTM of an open-ended fund could be different from the actual return of the fund as there is a constant inflow and outflow of funds in an open-ended fund. Info Ratio: The information ratio of a fund conveys the degree of excess returns that is generated by a fund for risks incurred by the investor relative to the benchmark index. It essentially shows the consistency of a particular fund manager over a period of time. If the info ratio is less than 0.4, it means that the fund manager has not been so consistent in giving excess returns relative to the benchmark index. An info ratio which is between 0.4 and 0.61 is considered good while an info ratio between 0.61 to 1 is believed to be excellent. Standard Deviation:The standard deviation explains the volatility of the fund through which we can assess the risk of the fund. The higher the standard deviation, the higher is the risk of the fund and vice versa.

How can I compare mutual funds in India?

You can compare mutual funds by clicking on the MF compare option on the Mutual Funds Explore page or on the individual fund details page. You land on the MF Compare page where you can add or delete other mutual funds. You can compare upto four mutual funds at a time.

Why is it important to compare mutual funds before investing

Comparing mutual funds helps you to understand their historical performance, risk levels, cost structure, and investment strategies. This information can guide you to select funds that align with your financial goals, risk tolerance, and investment horizon.

How should I compare debt mutual funds?

Comparing debt mutual funds involves looking at the type of debt fund, credit quality of the portfolio, interest rate risk, Yield to Maturity (YTM), historical performance, expense ratio, and the fund manager's experti

What aspects are crucial when comparing hybrid mutual funds?

When comparing hybrid funds, consider the fund's asset allocation, type (balanced, aggressive, conservative), historical returns, risk profile, expense ratio, and the fund manager's track record.

How do I compare the performance of different mutual funds?

You can compare the performance of different mutual funds by looking at their historical returns over different periods, such as 1-year, 3-year, 5-year, and since inception.

How can expense ratios impact my comparison of mutual funds?

Expense ratios represent the cost of managing the fund. A high expense ratio can eat into your returns over time. Therefore, it's important to include expense ratios in your comparison to understand the net returns you might receive.

Is it useful to compare the fund managers of different mutual funds?

Yes, comparing the expertise, experience, and track record of fund managers can provide insights into their investment philosophy and strategies, which can impact the performance of the fund.

How can comparing mutual funds help me manage risk?

By comparing the risk levels of different mutual funds, you can choose funds that align with your own risk tolerance, helping you manage and mitigate investment risk.

What are some common mistakes to avoid when comparing mutual funds?

Common mistakes include chasing past returns, ignoring risk, overlooking costs, and not considering your investment goals. Remember, the righ

What role do investment objectives play when comparing mutual funds?

Investment objectives determine the fund's strategy and the type of securities it invests in. Comparing the investment objectives of different funds can help you find ones that align with your financial goals.