What is the Fund Health Score?
Most fund ratings collapse everything into one number. The Punji Fund Health Score does the opposite and keeps three profiles apart, because a fund can be strong in one way and weak in another. Each profile is a score from 0 to 100 with a letter grade.
- Quality looks at rolling-return level, alpha, return consistency, expense ratio and manager tenure.
- Safety looks at down-capture ratio, maximum drawdown and the Sortino ratio, which is downside-focused risk-adjusted return.
- Compound blends return consistency, cost, manager tenure, Sortino, rolling CAGR and maximum drawdown into a long-term-holding lens.
Every input is a category percentile rank, not a raw value. A fund is scored on where it stands among its SEBI category peers that month, which is why the score is recomputed monthly and can change when peers change even if the fund itself does not. For the reasoning behind this see the methodology page.
Real scores across 6 funds
CHART
Health score by profile - 6 real funds
Quality, Safety and Compound scores on a 0-100 scale, computed within each fund's own SEBI category.
| Fund | Quality | Safety | Compound | Track record |
|---|---|---|---|---|
| Parag Parikh Flexi Cap | 76.4 (B) | 98.0 (A) | 79.9 (B) | 13.4 yrs |
| SBI Focused | 75.6 (B) | 99.1 (A) | 86.8 (A) | 13.8 yrs |
| ICICI Prudential Value | 75.1 (B) | 89.3 (A) | 82.7 (A) | 13.8 yrs |
| Parag Parikh ELSS Tax Saver | 68.5 (B) | 82.7 (A) | 74.2 (B) | 7.2 yrs |
| DSP Value | 58.4 (C) | 100.0 (A) | 51.8 (C) | 5.8 yrs |
| SBI Multicap | 42.6 (D) | 84.8 (A) | 59.2 (C) | 4.6 yrs |
The three profiles often disagree, which is the point. SBI Multicap scores 84.8 on Safety (A) but 42.6 on Quality (D): its downside record ranks well against peers, while it ranks less strongly on the inputs the Quality profile uses. A single blended number would have hidden that difference.
How the grades spread
Across these six funds the Quality grades are 0 A, 4 B, 1 C, 1 D, the Safety grades are 6 A, 0 B, 0 C, 0 D and the Compound grades are 2 A, 2 B, 2 C, 0 D. The three profiles do not move together, so a fund that looks ordinary on one can be among the best of its category on another.
See Why Punji Doesn’t Show Star Ratings for the real-data case against a single blended score.
How to read a score
A grade is a statement about peers, not about the market. An A in Safety means the fund’s downside record ranks near the top of its category, not that it cannot lose money. A fund with a short NAV history is marked as having an insufficient track record rather than scored on thin data, so the track-record column above matters: a score built on 5 years of history carries less evidence than one built on 13. Pair the score with Category Rank and Percentile to see the ranking behind a single input, and with the Expense Ratio for the cost input.
Frequently asked questions
What do the grades A to D mean?
They are bands of the 0 to 100 score for each profile, with A the highest. Because the score is peer-relative, an A means the fund ranks among the best in its category on that profile.
Why are there three scores instead of one?
Because a fund can be strong in one respect and weak in another, such as limiting losses but ranking lower on returns. A single blended number would hide that.
How often is the score updated?
Monthly, since the underlying category percentiles change as the peer set changes.
WHAT THIS MEANS FOR YOU Use the score to shortlist, not to decide. It only compares funds within one category, so a B in one category is not comparable to a B in another, and it describes what has happened, not what will. The exact input weights are version-controlled and not published; they are retuned as more data arrives.
METHODOLOGY Scores as of 2026-10-16 (3-year window), computed from category percentile ranks, with weights under a version-controlled scheme. Data: Punji fund health analytics. Not investment advice.