Rolling Returns Analysis of Small Cap Funds and A Few Nifty Indices

[3-Years Rolling](https://preview.redd.it/9au23eypzd9e1.png?width=2734&format=png&auto=webp&s=e1c189b84bd7e134186076f62402218efbb05509) [5-Years Rolling](https://preview.redd.it/pii35j5szd9e1.png?width=2734&format=png&auto=webp&s=71cb3b07b9a87d14c801d8726da7fe2b0334529a) [7-Years Rolling](https://preview.redd.it/vh8ie1xtzd9e1.png?width=2736&format=png&auto=webp&s=74a0db9580a9ab56ab280e848fdc4a3754288b04) Aim: To find the long term performance of small cap direct growth funds which are at least 10 years old compared to Nifty indices either primarily or significantly containing small cap stocks. Data Sources: 1. [amfiindia](https://www.amfiindia.com) 2. [niftyindices](https://niftyindices.com) Data Period: 30 June 2014 - 20 Dec 2024 Note: 1. HSBC Small Cap Fund wasn't considered as the long term historical data wasn't available. 2. Indices are of the total returns variant. 3. Nifty indices data may contain backtested data. 4. Sorted by median. **Rolling Returns** >Rolling return is calculated for a particular period continuously (or fixed frequency). Simply put, it is like calculating trailing returns daily. >Let’s understand with an example. Suppose we want to see the 5-year return of a fund over the 10 years between 2010 to 2020. So, the rolling return would mean calculating the 5-year return on each day during this period. >You will calculate the 5-year return as of 1st January 2010, 2nd January 2010, and so on till 31st December 2020. It will show you a spread of returns had you invested on any day during this period (2010 to 2020) for 5 years. >One of the biggest advantages of rolling returns is that by looking at the range of returns, you can understand what kind of returns the fund has delivered for the period you are planning to invest in it. And in some way, you can understand the probability of earning such returns going forward. Source: [https://www.etmoney.com/learn/mutual-funds/annual-vs-trailing-vs-rolling-returns-meaning-calculation-importance/](https://www.etmoney.com/learn/mutual-funds/annual-vs-trailing-vs-rolling-returns-meaning-calculation-importance/)