What is Beat Benchmark %?
A single trailing return only tells you what happened over one specific start and end date. Beat Benchmark % instead looks at every overlapping window of a given length in a fund’s history - every possible entry date - and asks what share of them ended with the fund ahead of its own benchmark over those exact same dates.
Beat Benchmark % = (Windows where Fund CAGR > Benchmark CAGR) / (Total overlapping windows) × 100
Higher is better - a fund that beat its benchmark in 80% of 3-year windows did so far more consistently than one that beat it in 20%, even if both currently show a similar headline return.
Real comparison across 6 funds
CHART
3Y Beat Benchmark % - 6 real funds
Same 3-year rolling window, computed against each fund's own benchmark.
Funds compared: Parag Parikh Flexi Cap · DSP Value · ICICI Prudential Value · SBI Focused · Parag Parikh ELSS Tax Saver · SBI Multicap
Reading the spread
Across these 6 funds, the share of windows beating the benchmark runs from 16.7% (SBI Multicap) to 100.0% (ICICI Prudential Value), a gap of 83.3%. The middle value is 66.2%, with 3 of 6 above it. The highest reading is 6.0 times the lowest, so the choice of fund changes this number a lot. Taking higher as better, ICICI Prudential Value leads and SBI Multicap trails on this measure alone.
How to use it in practice
This measure shows how often a fund beat its benchmark across many overlapping time windows, not just on one start date. A fund that wins most windows has been consistently ahead, which is more convincing than one lucky stretch. Use it next to excess return to see both how much and how often a fund outperformed.
Common mistakes
Because the windows overlap heavily, they are not independent, so a high percentage in a short history still reflects only a few market episodes. It also counts any win as a win, however small; a fund that beats by 0.1% counts the same as one that beats by 5%. Check the size of the gaps as well as the frequency.
Frequently asked questions
What does a beat benchmark percentage of 70% mean?
It means that in 70% of the rolling windows examined, the fund’s return exceeded its benchmark’s. It suggests the fund is consistently ahead, not just ahead once.
Why use rolling windows instead of one period?
A single period depends on the start and end dates. Rolling windows test many start dates, so the result is less affected by luck of timing.
Does a high percentage mean high returns?
Not necessarily. It measures how often a fund wins, not by how much. Check excess return for the size of the gap.
WHAT THIS MEANS FOR YOU A fund can post a strong current trailing return while having beaten its benchmark in only a minority of historical windows - meaning that current return owes more to entry-date luck than to consistent skill. Beat Benchmark % is what separates the two.
METHODOLOGY
Computed over every overlapping 3-year window as of 2026-08-31, comparing the fund’s own CAGR to its stated benchmark’s CAGR over the identical dates. Also surfaced in Punji’s fund-page data as rolling_consistency - same computation, same number, different label in an earlier schema version. Data: Punji rolling-returns analytics. Not investment advice.