Commentary:
Summary
Compared to last week, the combined universe of mutual funds made modest progress through this week. The weekly gain of Weekly Top 50 were improved, but the monthly gain of Monthly Top 50 slowed down, but annual gain of Annual Top 50 improved.
Buy Sell recommendations and certain bullish reversal signs are mentioned for Equity funds in the summary section.
1. Combined Funds Top 50
Certain Defence funds, Capital Market ETF funds, Manufacturing Funds, Smallcap Funds from Equity funds dominated the Weekly Top 50 Combined. The PSU Bank Funds came on the top of this weekly list.
Certain Defence funds still look green on Combined Monthly Top 50.
A good collection of Commodity funds still dominate the Combined Annual Top 50.
1.1. Combined Funds Top 50 Summary
1.2. Combined Top 50
Green and Amber color marked mutual funds in the list: Since the focus is not only looking for the performance leaders, but also consistent above average performance across all the timelines, the funds are marked in Green or Amber to easily recognize consistency of perfromance among the leaders.
Green:
If the returns for all the available timelines from 1W thru 1Y is above the average within the list. The fund can not be marked green even with this rule if the returns are not available beyond a month, in which case the fund is marked as amber only.
Amber:
If the returns for all the available timelines from 1W thru 1Y is above the average within the list except for one timeline. For this exception, if any of the weekly and monthly returns are above average, then both timelines are considered to have above average
1.2.1. Combined Weekly Top 50
1.2.2. Combined Monthly Top 50
1.2.3. Combined Annual Top 50
Both the weekly and monthly bottom 50 lists are leveraged to identify potential bearish reversal indications of the funds. This is done by marking above average annual return in bold and below average returns for the week and month. The funds with both weekly and monthy below average, but annual above average are marked in darker red, while the funds with only one of the weekly and monthly below averages but with above average annual return are marked in light red.
Annual bottom 50 funds list is used to recognize potential bullish reversal. Any fund with above average return for both the week and the month in the list is marked as grey indicating potential bullish reversal.
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Disclaimer:
- This is not a solicitation for mutual fund investment nor an advice. It is only an insight to help investment decisions based on the free MF performance data downloaded from Value Research. Investment decisions are only yours to make.
- Mutual fund investments are subjected to market risk. Read the propsectus of a mutual fund for all the risk information associated prior to investment.
- The author can not be responsible for the ommissions or errors in the data from Value Research or the data processing errors if any by the author.
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