Another feature to evaluate a fund’s performance is the Trendlyne Pass Scores, available under the ‘Checklist’. This provides insights into the fund’s performance, operations, portfolio, and risk/reward, scoring the fund out of 25 points.

Performance:

Clicking on the performance section shows the fund’s short-term, mid-term, and long-term returns. You can also review the fund’s performance during bull or bear markets and capital protection during a downturn. 

Portfolio:

This section highlights whether the fund’s current portfolio valuation is cheaper than its peers, and how well diversified the fund is. You can also check the fund’s liquidity to handle redemptions and its asset quality compared to peers.

Operations:

Here, you can see whether the scheme has been active for at least five years, consistency in Morningstar ratings, its fund size, and whether it charges a nominal expense ratio.

Risk/Reward:

Here, you can check for the fund's volatility over the past year, annual returns compared to its peers, and performance against its benchmark over a year. You can also view the same parameters - annual returns, volatility versus peers, and outperformance to benchmark, for the long term.