Scheme performance dashboard
The dashboard every AMC must publish on its website and update regularly, showing how each scheme has performed over various holding periods alongside its category, fund manager, benchmark, TER and portfolio.
In plain language
An investor weighing two schemes from the same fund house would otherwise have to hunt through factsheets, SIDs and the TER page to line the facts up. The dashboard does the lining up.
SEBI requires each AMC to publish a scheme performance dashboard on its website and update it regularly. It highlights how the mutual fund's schemes have performed over various holding periods, and most AMCs let it be downloaded as a table. Scheme performance data is also available on AMFI's website.
The workbook's summary of its purpose is one sentence: such a dashboard allows an investor to make an easy comparison of schemes across the mutual fund. It is one of the disclosures that let an existing investor track an investment after buying it, alongside the daily NAV, the daily TER and the portfolio disclosure.
How it works
What the dashboard contains (Chapter 5, section 5.1.6):
| Field | Example from the workbook |
|---|---|
| Scheme name | |
| Classification and category | Equity multi-cap scheme; solution-oriented retirement fund |
| Type of scheme | Open-ended or close-ended |
| Investment objective | |
| Name of the fund manager | |
| Benchmark index | Including any additional benchmark |
| Exit load and lock-in period | If any |
| Plans and options | Direct and regular; IDCW and growth |
| Minimum investment amount | |
| Month-end AUM | |
| TER | |
| Scheme inception date | |
| Month-end portfolio | |
| Scheme performance | Over various holding periods |
That is fourteen items. The fields the investor can act on straight away are the costs (TER, exit load, lock-in), the risk context (category, benchmark, month-end portfolio) and performance over more than one period.
Where it sits among disclosures. The same section requires the NAV of each scheme to be disclosed every business day, TER to be disclosed daily, scheme-wise and date-wise, on the AMC's and AMFI's websites, and any change in base expense ratio to be notified at least three working days in advance.
A worked example
Illustrative. The schemes and every figure are hypothetical.
Deepa holds Rs 5,00,000 and downloads her fund house's dashboard to compare two of its equity schemes:
| Dashboard field | Scheme A | Scheme B |
|---|---|---|
| Category | Large cap | Flexi cap |
| Benchmark | Nifty 100 TRI | Nifty 500 TRI |
| TER (regular plan) | 1.60% | 1.85% |
| Exit load | 1% within 1 year | 1% within 1 year |
| 1-year return | 14.0% | 18.0% |
| 5-year return | 12.5% | 12.8% |
Scheme B's 1-year number is eye-catching, but over five years the gap is only 0.3 percentage points while B costs 0.25 percentage points more a year:
Extra annual cost = 5,00,000 × 0.25% = Rs 1,250
The benchmark column reminds her the two are not like-for-like: a flexi cap scheme measured against a 500-stock index has a wider universe than a large-cap scheme. And if she switched within a year, the exit load would cost 5,00,000 × 1% = Rs 5,000. None of this needed more than one page.
Why NISM asks about it
Chapter 5 (Scheme Related Information), section 5.1.6 (Other mandatory information/disclosure), lists the dashboard and its contents after the daily NAV and TER disclosures. Chapter 11 points to AMFI's scheme performance report as the industry-wide equivalent. Expect a question on who must publish it (the AMC, on its website) and on which items it includes.
Common exam traps
- The AMC publishes it on its own website and must update it regularly; AMFI separately carries industry-wide performance data.
- It covers every scheme of that mutual fund, which is what makes comparison within the fund house easy. It is not a cross-industry ranking.
- Month-end AUM and month-end portfolio — not daily figures.
- Performance over various holding periods, not a single number.
- It is not the risk-o-meter. The risk-o-meter is a separate pictorial disclosure with six levels.
- The dashboard is in addition to daily NAV and daily TER disclosure; it does not replace either.
Where this is taught
- Series V-A · Chapter 5: Scheme Related Informationintroduced here
- Series V-D · Chapter 5: Scheme Related Informationintroduced here
Related terms
- Net Asset ValueThe net assets of a mutual fund scheme divided by the number of units outstanding — what one unit of the scheme is worth on a given day, after every liability except the unitholders' own.
- Exit loadA charge levied when an investor redeems units, calculated as a percentage of NAV and deducted from it, usually only if the units are sold within a stated holding period.
- Total Expense RatioThe all-in annual cost of a mutual fund scheme as a percentage of daily net assets — the base expense ratio plus brokerage, transaction cost and statutory levies — charged to the scheme, not billed to the investor.
- BenchmarkThe independently published index a scheme's performance is measured against, chosen to match its investment objective, asset allocation and strategy, and disclosed in the Scheme Information Document.
- Fund factsheetThe monthly scheme summary an AMC publishes voluntarily — portfolio, performance, risk measures and investment details in one document. It is an AMFI best practice, not a statutory requirement.
- Portfolio disclosureThe published list of the securities a scheme holds, with market values and ISINs — monthly within 10 days for all schemes, and fortnightly within 5 days, with yields, for debt schemes.