This week:
Last Week:
Commentary:
Summary
Mutual funds overall advanced well thru this week, though intensity is bit less than the last week. But equity funds advanced much better, commodity funds advance is bit less than last week, though it is way ahead of equity funds still.
Debt and hybid funds gave less than the average gain for the week, this week too.
Concern:
There is a looming correction in the US market, but the US market is still going up, especially on the tech sector. So, one needs to be cautious as to global market.
The US interest rate cut scheduled for Wednesday is a watch item on Thursday. It all depends on the commentary associated as the inflation is up in the US which goes against the interest rate cut. Further, the traditional economy may slow down ahead while tech sector remains bullish.
The overall concern is bit less compared to last week though.
The commodities, i.e. Gold and Silver may take a breather internationally, and may even see a small time correction ahead. But longer term projection is quite bullish. So, those looking for fresh entries into commodity funds may wait for confirmation of new bull trend ahead, which may be 1-2 weeks ahead likely.
Opportunity:
As far as India is concerned, there is optimism ahead due to GST rate cuts, monitory policy easing and US trade agreement is on the works again. And, beyond Sept 20th, the festival season will cast a positive sentiment for the next two months.
1. Combined Funds Top 50
1.1. Combined Funds Top 50 Summary
While the weekly average of weekly top 50 is bit less this week, the monthly average of monthly top 50 and annual average of annual top 50 are higher this week. What it means, is that longer term performance leaders are catching up better. This is mainly due to bit slow down in the commodity funds return this week, as commodity funds dominate the top 50 lists in general.
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
Bearish reversal signs:
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.
Bullish reversal signs:
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.
2. Referrence Links
Blog: NatsFunCorner! on Blogger
https://natsfuncorner.blogspot.com/
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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.
- All your investment decisions need to be based on your decision finally, with no blame to anyone else later.
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