There are already existing mutual fund ranking platforms such as CRISIL, Value Research, and Morningstar.
To make a mark in the mutual fund ranking space, Samco Securities has introduced RankMF, a platform to help investors select a mutual fund scheme based on several data points, the company announced at an event held in Mumbai on November 28.
RankMF will not only rate and rank the scheme based on the past performance but also on a slew of other factors such as expense ratios, standard deviation, beta, market valuations, and multiples, portfolio holdings and diversification/concentration of portfolio, the cash ratio, size of the fund, and the predicted yields.
Mumbai-headquartered, Samco Securities is a fintech start-up in the discount broking industry with over 1 lakh customers.
Jimeet Modi, Chief Executive Officer of Samco Securities claimed the website, www.rankmf.com will also analyse the quality of actual portfolio holdings since that is going to deliver real returns to investors and not historical returns which are used by other ranking platforms.
Among the existing mutual fund ranking platforms are CRISIL, Value Research, and Morningstar.
“The difference in the performance of the mutual fund can be as high as 50 percent and therefore, the selection of a mutual fund scheme is critical,” Modi said.
Rank MF will also give filters such as whether the time is right for investments or not and also on the strength of mutual fund schemes.
The company has also introduced RankMF SmartSIP, which will generate a signal based on the margin of safety whether an investor should continue with the SIP in the same scheme or switch to another fund.Omkeshwar Singh, who was earlier the head of BSE StAR MF will lead RankMF at Samco Securities.Not sure which mutual funds to buy? Download moneycontrol transact app to get personalised investment recommendations.