@Mudit.Kushalvardhan Going back to your original question, the point is very much valid. The comparison is never apples to apples, but that is the best we have. Note that even the performances of two fund managers may not be exactly comparable, since they are also bound by their own constraints of inflows and redemptions, differing scheme objectives, benchmarks, etc. Even luck and other random variables matter. Over long periods of time, one can say this “noise” cancels out, but shorter the duration, more meaningless the comparison. That is why one should not attach too much importance to these comparisons.
More importantly, I believe why does an individual investor even need to compare? At best, he can compare with his own opportunity cost, that’s enough. Serious investing takes so much time that unless one really enjoys the process, it is not worth doing it. One can invest in a mutual fund and free up time for doing something else.