NatsFunCorner!

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.

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.

Saturday, November 16, 2024

Top 50 Mutual Funds Analysis for the week ending Nov 15, 2024

Commentary:

1. This week had only four trading days than five. Equities corrected further through this week. So, the respite of last week was misleading.

On average, the equity mutual funds have maintained negative return for the last three months.

Weekly Top 50 remained positive for the week, Monthly Top 50 remained positive for the month, Annual Top 50 return for the year fell below 50% for the first time recently.

We can not rule out further equity corrections, but there can be some dead cat bounces in between as there is some analyst comments as to the worst being over for the Indian equities. However, till the new US president takes oath at office thru late January 2025, we can expect uncertainities and associated negative sentiments in Indian equity.

It is fair to say that only when the Indian equity funds pull up at least by three times the weekly losses on the Annual Top 50 leaders, we can be sure that the worst is over. Indicatively, we need to see the annual Top 50 annual returns back in the above 60% return, there is a gap of above 10% for now.

2. Top 50 Equity Funds analysis

The funds are marked in green when they have above average return in all timelines from 1W thru 1Y. Funds marked in green are not an indication of investment worthiness thru this correction period as the above average return can still be negative in a particular timeline, it is just above the average return within the list, that is all.

The funds are marked in amber when they have above average return in all timelines from 1W thru 1Y except one timeline. A concession is given for short term returns of 1W and 1M, if any one of them are above average, then both are considered above average, for the amber rule.

The funds with no data beyond one month can not be marked green, only amber for having above average return in all available timelines.

2.1. Weekly Top 50:

2.2. MonthlyTop 50:

2.3. Annual Top 50:

3. Equity Bottom 50:

Weekly and Monthly Bottom 50 lists are used to identify potential bearish reversal candidates, meaning these funds are likely to correct further in the week ahead. The funds with below average return for both the week and the month, but above average return for the year are marked with darker red for severe bearish reversal. If only one of the weekly or monthly return is below average, while the annual return remains above average, then such a fund is marked in lighter red, meaning milder bearish reversal signal.

3.1. Weekly Bottom 50

3.2. Monthly Bottom 50:

3.3. Annual Bottom 50:

Annual Bottom 50 list is used to spot the potential bullish reversal of a fund. A fund in this list is considered as a bullish reversal candidate if both the weekly and monthly return are above average, irrespective of annual return, and such funds are marked in grey.

4. Hybrid funds

4.1. Hybrid funds corrected further thru the week as the equity portion of those funds corrected severly.

4.2. The Monthly Top 50 hybrid funds are represented by conservative and ultra-conservative hybrid funds as the intensity of equities correction is severe.

5. Debt funds:

5.1. Debt funds performance Summary:

5.2. Monthly Top 50 Debt funds:

6. Commodity Funds:

6.1. Commodity Funds Summary

Severe correction of commodity funds through the week.

6.2. Monthly Top 50 Commodity Funds:

7. Whether it is a weekly Top 50 MF report or special MF report, these are availble in the blog indicated below. Blogs are also rendered as videos (on Youtube and Instagram) for those not prefering to read.

Blog: NatsFunCorner! on Blogger

Other relevant Social Network Platform links:

Twitter (X): https://twitter.com/nupadhya

LinkedIn: https: https://www.linkedin.com/in/nupadhya/

Disclaimer:

- 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.

Tuesday, November 12, 2024

Top 50 Mutual Funds Analysis for the week ending Nov 08, 2024

Commentary:

1. The equity funds recovered a bit on the weekly basis, but remain negative for the month. The Weekly Top 50 had a better weekly gain than the previous week. The Monthly Top 50 had a better monthly gain than the previous week. But the Annual Top 50 shrunk further on the Annual Gain from 62.91% to 56.86%, which means annual leaders went through further correction.

2. Top 50 Equity Mutual Funds Analysis

2.1. Weekly Top 50:

No Indian equity based fund made it to the green or amber color. Green color is given to those funds with above average return within the list for all timelines from 1W thru 1Y. Amber color is given if the above average return is missing for one timeline only, with the exception that 1W and 1M are considered together as one timeline, so anyone of them are above average, both are considered as above average.

2.2. Monthly Top 50:

Again, none of the pure Indian equity based funds made it to the green or amber status.

2.3. Annual Top 50:

Certain India equity based funds did make it to the green or amber status.

3. Bottom 50 Equity Funds Analysis:

3.1. Weekly Bottom 50:

Weekly Bottom 50 funds list is used for bearish reversal signs. This is done by identifying below average returns within the list for the week and the month, and above average returns for the Year. The funds having above average return for the year, are marked in darker red if both the weekly and monthly returns are below average, and are marked in lighter red if only one of the weekly and monthly return are below average.

The funds marked as bearish reversal have potential to correct further ahead.

3.2. Monthly Bottom 50:

Monthly Bottom 50 funds list is used for bearish reversal signs. This is done by identifying below average returns within the list for the week and the month, and above average returns for the Year. The funds having above average return for the year, are marked in darker red if both the weekly and monthly returns are below average, and are marked in lighter red if only one of the weekly and monthly return are below average.

The funds marked as bearish reversal have potential to correct further ahead.

3.3. Annual Bottom 50 List

Annual Bottom 50 list is used for identifying bullish reversal signs. This is done by identifying above average weekly and monthly returns. The funds with both weekly and monthly returns are marked in grey color indicating potential bullish reversal. These funds are likely to appreciate further in the weeks ahead.

4. Hybrid and Debt funds:

The Top 50 analysis for both the hybrid and debt funds is missing for this week due to some technical issues, they will be resumed from the next week.

5. Commodity Funds:

5.1. Commodity funds summary: The commodity funds corrected significantly for the week, thanks to the US election results. The commodity funds will remain bearish for short term unless there is an escalation of war news.

5.2. Commodity Monthly Top 50:

Since there is a leadership churn out against 1W and 1M Vs. the rest of the timelines, there is no clear leadership emerging favoring further investments.

6. Whether it is a weekly Top 50 MF report or special MF report, these are availble in the blog indicated below. Blogs are also rendered as videos (on Youtube and Instagram) for those not prefering to read.

Blog: NatsFunCorner! on Blogger

Other relevant Social Network Platform links:

Twitter (X): https://twitter.com/nupadhya

LinkedIn: https: https://www.linkedin.com/in/nupadhya/

Disclaimer:

- 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.

Friday, November 1, 2024

Top 50 Mutual Funds Analysis for the week ending Nov 01, 2024

Commentary:

1. Equity funds (932 Total) corrected further overall, however the intensity of correction was minimal.

2. Top 50 Equity funds

2.1. Weekly Top 50 Equity funds:

It is good to see that more of Indian equity based funds made to the Weekly Top 50 list, that too with green and amber color.

Green color is assigned if the fund has above average return in the list for all timelines 1W thru 1Y. Amber color is assigned if the fund has above average return in the list for all the timelines 1W thru 1Y except for 1 timeline. For Amber rule, a concetion is given to the short term returns i.e. 1W and 1M, namely if any one of these two timelines has above average return, then both timelines are considered to have above average return. Effectively, these two together are considered as one timeline for Amber rule.

2.2. Equity Monthly Top 50:

Good to see that Healthcare based equity mutual funds are dominating Indian equity based funds, that too some with green status.

2.3. Equity Annual Top 50:

Good to see that some of the leaders in the Annual Top 50 list have positive weekly return if not the monthly return. Hopefully, this is a sign of turn around for annual leaders from here on, but one needs to validate further through next one or two weeks.

3. Equity Bottom 50 Lists:

3.1. Equity Weekly Bottom 50 list:

Equity Weekly Bottom 50 list is used for sensing the potential bearish reversal of leading funds. This is done by marking below average weekly and monthly returns in Bold Red and above average annual return in Bold Black. The funds with below average returns both in the week and month but with above average annual return are marked in darker Red, and the funds with below average return either for the week or the month, but above average return for the year are marked with light Red.

Certain Auto, IT, Tourism, Transportation & Logistics funds are showing the sign of bearish reversal.

3.2. Equity Monthly Bottom 50 list:

Monthly Bottom 50 list too is used for bearish reversal signs.

3.3. Equity Annual Bottom 50 List:

Equity Annual Bottom 50 list is used for signs of potential bullish reversal of underperforming funds. Only those funds which have above average return in both the week and month are considered as bullish reversal candidates, and are maked in grey.

4. Hybrid Funds

4.1. Hybrid funds too corrected for the week, but with much lesser intensity than last week.

4.2. Looking at the Hybrid Monthly Top 50 list, the ones dominating the list are conservative hybrid funds.

5. Debt funds

5.1. Debt funds returns this week is some what in line with that of last week.

6. Commodity Funds

6.1. Commodity funds had yet another bullish week this week, but intensity is much lesser this week.

6.2 Average annual returns of the commodity funds is now above 30%

Blog: NatsFunCorner! on Blogger

Other relevant Social Network Platform links: