I think 3 years should be just abour right, because over 5 years you could be looking at a boom/bust period which was ending and the opposite phase starting...so that will not give a good picture.
I normally use 3 year CAGR returns to judge a MF(amongst other things).

I agree with the other comments on this thread - not having Reliance Growth and Magnum(either Global or Contra).

Also please take a relook at Reliance Media and Entertainment fund.
Even though we know media is going to be a hot sector, this fund lot of
duds in it and not tuned to latest happenings in the last 6-12 months.
meaning it has a lot of newspaper stocks instead of being more focussed
to television media companies. So i dont think this fund can be termed as
a "best buy" - Just having TV18 or NW18 in your port instead of using that
amuont to buy into this fund will defn give you better returns.

If Fund Manager quit,i will pull out my money or wait for 3 months to see how the new FM is performing.

Sandip Sabharwal is a very aggressive fund manager --------------------------------------------------------------------------

Originally posted by smartcat   When looking at diversified equity fund's performance, what do you look at? 1 yr performance? 3 yrs? 5 yrs? All Time?

Typically you got to look for 5 yrs. Anybody can do well in a Bull run. You got to see how the fund handled a market downturn or a recession.

A fund that has done well in Bull run as well as protected the funds in a bear run is what you would look for if you go for mutual funds.

But this jumping MF fund managers do change the game. B'cause a amart & efficient fund manager is THE major focus on fund's performance ...

C'mon a fund can call itself a mid cap, blue chip, top 200, satellite, emerging, core whatever.. they don't stick their stock picking by that.. but the type of stock a fund holds is primarily dependent on the fund manager.


Edited by vivekkumar_in - 31/May/2007 at 11:16pm