Market-up capture ratio is a statistical measure that will tell us how well the mutual fund scheme fund manager outperformed the index in the up market. Similarly, we can use the down capture ratio also to show the fund manager how well he protected the scheme nav in a downtrend market. So, these two ratios are very important to measure the fund managers outperformance. Let’s discuss about the Market up and down capture ratios in detail. Calculating the up-market capture ratio… The market-up capture ratio is calculated by dividing managers returns with the returns of the index during an uptrend …