This week:
Last week:
Commentary:
Summary
Mutual funds in all categories returned positive for the week. The equities did well, the commodities did further better.
Commodity funds returns for the all the timelines is splendid, and this will continue in spite of corrections thru some weeks ahead.
Concern:
America's traditional economy will slow down ahead while the cutting edge economy will attempt to balance it. There can be many events in the American market around Gold based debt resetting, quantitative easing using stable coins, debt restructuring etc. The civil war kind of situation may errupt around domestic military deployment, ICE enforcement on immigrants, and autocratic decision making against the usual democratic norms. The global relations may suffer further, while the trade related confusions continue around America, and the global supply chain disruptions will persist while the other nations are re-aligning to fix all this.
Opportunity:
Gold and Silver will continue to boom. The corrections will be short term, and an opportunity to enter for those who missed the bandwagon in the last 18 months.
India should give better Q2 results than Q1 due to better monitory policy and GST reduction related elation leading to better consumer behaviour. The forecast for further quarters should strengthen further.
India financial market suffered for the last two weeks because of FII money outflow, that may taper off ahead.
1. Combined Funds Top 50
1.1. Combined Funds Top 50 Summary
Combined Top 50s across week, month and year are looking all green and promising ahead. While the weekly average of weekly top 50 and monthly average of monthly top 50 are bit subdued when compared to last week (due to lesser bullishness of commodity funds when compared to last week), the annual average of annual Top 50 surged further ahead towards 56%. The confidence of achieving 50% and above return in mutual funds annually can be taken for granted for next one year if one rides with the annual leaders (primarily gold and silver funds). It may take a month or two to see other type of funds crowding in the annual top 50 list though.
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.
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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.
