Commentary:
Summary
The mutual funds overall advanced through this week, though there was a correciton in Commodity funds.
Key anamoly is the negative weekly gain in the Combined Annual Top 50, while the weekly gain of all combined mutual funds was positive. When we take top 50, it should get the best performing ones in general, but the annual performance leaders lagged beyond the average of all mutual funds, which is a concern, as the annual leadership lagging to give superior performance ahead in short term.
This just reconfirms my concern as to viability of consistent superior performance of mutual funds already invested by me, and as stated before I had converted them into cash, waiting for consistent performance behavior ahead for reinvestments. I am actually hoping that commodity funds will give such a performance ahead, though that streak has not started, instead they corrected through this week. (But, my investments in commodity will be through suitable ETFs and not mutual funds). So, I am waiting with cash till consistent performance leadership emerges, and avoiding the weekly roller coster yo-yo movements which can be dizzy.
1. Combined Funds Top 50
1.1. Combined Funds Top 50 Summary
Looking at the Top 50 funds summary, there was a desceleration of gains in the average of Top 50 across Weekly gain of Weekly Top 50, Monthly gain of Monthly Top 50 and Annual gain of Annual Top 50, which do confirm that the mutual funds overall are slowing down in performance, even at top 50 levels.
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
2.
Blog: NatsFunCorner! on Blogger
https://natsfuncorner.blogspot.com/
Other relevant Social Network Platform links:
Whatsapp Group: This whatsapp group is a peer group, people active in investment and trading (including day trading) are here, exchanging their insight and views. Please note that there is no room for promotional participation here.
https://chat.whatsapp.com/IuzkVAHgn1jJ20ZmB8m9Vz
FB: https://www.facebook.com/nupadhya/
YouTube: https://www.youtube.com/user/nupadhya
Instagram: https://www.instagram.com/natsupadhya/
Twitter (X): https://twitter.com/nupadhya
LinkedIn: https: https://www.linkedin.com/in/nupadhya/
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.
- All your investment decisions need to be based on your decision finally, with no blame to anyone else later.
No comments:
Post a Comment