2025-26 Report Card: Performance of Scripbox Recommended Mutual Fund Portfolio

Scripbox Equity Portfolio: Outperforming in a turbulent year

FY ’26 was not a comfortable year to be an investor. It started positively but ended with a sharp decline triggered by the US-Israel-Iran war.

The market ended the year down  by 4.3%. While midcap stocks showed relative resilience and outperformed large caps and small caps saw sharper swings, the overall market remained considerably volatile.

For many investors, the year meant portfolios in the red and confidence shaken.

But here’s what we saw at Scripbox: clients who stayed the course, in well-constructed portfolios, came out significantly better than the market.

The Scripbox Equity Portfolio declined by only 2.2% – significantly less than the benchmark.

That outperformance is not a coincidence. It is the result of a disciplined, algorithm-driven fund selection process that has been evolving since 2012. Our equity portfolio held steadier because of where it was invested, and where it chose not to be.

The day-by-day FY 25–26 comparison between Scripbox Equity Portfolio and the benchmark further reflects this consistent outperformance through the year.

Consistent performance over time

This is not a one-year story.

Since 2012, across 15 reporting periods, the Scripbox Equity Portfolio has beaten the market benchmarks** 11 times. That includes years of bull markets, corrections and, global crises.

Outperformance over the benchmark, especially in years when markets are down, is what our fund selection algorithm is designed to achieve. Staying disciplined when it is hardest to do so is what helps you move towards your financial goals effectively.

And over the last 3 years, our Equity Portfolio has compounded at 14.1% annually (CAGR).

Consistency is not about being perfect every year. It is about being right more often than the market.

Stability-focused Long Term Portfolio

Now, the more important story: the Long Term Portfolio. 

While equity markets struggled, something more interesting was happening inside the Scripbox Long Term Portfolio – comprising a mix of equity, debt & gold.

That is not a small thing. That is the entire thesis of diversified, asset-allocated investing — proven in real time, in a genuinely difficult year.

How did this happen? Three things working together.

Equity. Debt. Gold. Each did its job.

This model asset allocation, based on long term data, is designed to deliver sustained growth in varying market situations.

When equity was under pressure, debt provided stability. And gold, often underestimated, sometimes questioned, delivered in extraordinary fashion.

A smoother journey too

With a maximum drawdown of -10.53% compared to the benchmark’s -15.26%, our Long Term Portfolio shielded clients from the steeper drops seen across the market. This matters because a larger fall requires a disproportionately higher recovery return just to break even.

As you can see from the below chart, our portfolio construction approach made it easier for our clients to handle market volatility.

As a result, the Scripbox Long Term Portfolio recorded only 112 downdays (days with negative returns), compared to 121 downdays for the benchmark. Fewer bad days, shallower falls. Every rupee protected on the way down is a rupee that doesn’t need to be recovered on the way up.

Preserving purchasing power for Scripbox clients

Over the last 5 years, the Scripbox Long Term Portfolio has delivered a 20.6% annualised return for clients —significantly outpacing inflation, which stood roughly around 5.5% during the same period.

This ensured that your purchasing power grew over the years, meaning your money didn’t just keep up with inflation, it grew meaningfully above it.

Reiterating the core idea of Scripbox

None of this happens by accident. So, what makes this possible — year after year.

Three principles have guided Scripbox since the beginning, and FY ’26 is their proof point.

We think long term.

Short-term noise is inevitable. Our portfolios are built for goals that are years, sometimes decades, away. We do not react to headlines — we position for outcomes.

We remove human bias.

Our fund selection is powered by a proprietary algorithm — rule-based, unemotional, consistently applied. No gut calls. No star fund manager risk. Just a process that has been refined across 14 years.

We stay watchful.

Markets change. Funds change. We proactively monitor every fund in our recommended list and act when the data tells us to — before problems compound.

Category	Fund Name	1 Year Return – FY ‘26	3 Year Return – FY ‘26	5 Year Return – FY ‘26
Large / Flexi Cap / Value	HDFC Flexi Cap Fund(G)	-1.55 %	17.44 %	17.90 %
	Parag Parikh Flexi Cap Fund-Reg(G)	-0.78 %	16.49 %	15.54 %
	ICICI Pru Large Cap Fund(G)	-2.96 %	13.92 %	13.23 %
	HDFC Large and Mid Cap Fund-Reg(G)	-3.42 %	15.93 %	15.40 %
Tax Saver	DSP ELSS Tax Saver Fund-Reg(G)	-4.96 %	15.85 %	13.76 %
	SBI ELSS Tax Saver Fund-Reg(G)	-4.25 %	18.84 %	16.58 %
Debt and Arbitrage	Nippon India Arbitrage Fund(G)	5.96 %	6.86 %	5.86 %
	HDFC Floating Rate Debt Fund(G)	6.70 %	7.66 %	6.56 %
	ICICI Pru Liquid Fund(G)	6.09 %	6.85 %	5.89 %
	Aditya Birla SL Money Manager Fund(G)	6.52 %	7.29 %	6.29 %
	Aditya Birla SL Savings Fund-Reg(G)	6.76 %	7.31 %	6.29 %
Gold	HDFC Gold ETF	62.59 %	33.34 %	25.83 %
	Kotak Gold Fund(G)	61.93 %	32.78 %	25.02 %
Benchmark	UTI Nifty 50 Index Fund-Reg(G)	-4.27 %	9.64 %	9.63 %

Scripbox Equity Portfolio returns are based on mutual fund NAVs, which reflect actual investor experience post all costs. UTI Nifty 50 Index Fund-Reg(G) reflects gross index performance including dividends but excludes investment costs.

*Benchmark for FY 25-26  is UTI Nifty 50 Index Fund-Reg(G)
**Benchmarks over the years:

Year	Benchmark
CY 2012 to 2017	Nifty 50
FY 17-18	Nifty 50
FY 18-19 to FY 24-25	Nifty 50 TRI
FY 25-26	UTI Nifty 50 Index Fund-Reg(G)

Note: Scripbox Equity Portfolio returns are based on mutual fund NAVs, which reflect actual investor experience post all costs such as fund management fees and expenses. In contrast, Nifty 50 TRI represents gross index performance including dividends but excludes any investment costs. This distinction is important while evaluating performance differences.