Special Mutual Funds Report - Detailed Equity Funds Returns Analysis by Sub-Type as on Oct 11, 2024

 

Commentary:

1. Welcome to the detailed returns analysis of equity mutual funds by sub-type. Last time, this report was done as on Sept 13, 2024 and this report is as on Oct 11, 2024. 

2. The equity funds returns average by sub-type are ranked for each timeline above. The overall ranking is also given and the list is sorted by decreasing order of overall rank. Finally, the current overall ranking is compared with last time ranking, and finally the differential is given either as a ranking improvement or loss. Negative value is the ranking loss, and value of zero means no change in ranking.

3. The top 5 and bottom 5 rankings are as follows this time:

3.1. Top 5 ranking sub types

    Rank 1: Pharma

    Rank 2: Mid Cap

    Rank 3: Small Cap

    Rank 4: Multi Cap

    Rank 5: Large & Mid Cap

3.2. Bottom 5 ranking sub types:

    Rank 20: Banking

    Rank 19: Large Cap

    Rank 18: Value Oriented

    Rank 17: PSU

    Rank 16: Energy

3.3. Do not get disheartened by lower ranking sub types. You may find exceptional performers among them too, especially in those with many funds as the standard deviation of performance can be high in such sub-types. Case in point is the Large Cap funds, though ranked 19th, you will find some handfuls worthy of new investments. 

4. The following ranking changes since the last report can be noticed:

4.1. Ranking improvement by more than 5 ranks this time: 

    - International type - ranking improvement by 9

4.2. Ranking improvement by 1-5:

    - Thematic General: Ranking improvement by 4

    - MNC and Energy: Ranking improvement by 3

    - Mid Cap, Large & Mid Cap, Infrastructure: Ranking improvement by 2

    - Pharma, Multi Cap, ELSS: Ranking improvement by 1

4.3. No change in overall ranking this time:

    - Small Cap, Dividend Yield, PSU

4.4. Ranking loss by 1 to 5 ranks:

    - Technology: Ranking loss by 2

    - Flexi Cap, ESG, Large Cap: Ranking loss by 4

    - Value Oriented, Banking: Ranking loss by 5

    - Consumption: Ranking loss by 6

5. Color coding of returns in the detailed list by sub type:

    - Funds with above average returns within the list (if there are more than 50 funds in a subtype, only top 50 are considered by monthly return, and the averages within this top 50 are considered) in all timelines from 1W thru 1Y are marked as green.

    - Funds with above average returns within the list in all timelines from 1W thru 1Y, except for one timeline are marked as amber. For marking as amber, the best of the weekly and monthly return are considered, meaning if any one of the weekly or monthly return is above average, then it sufficed that both timelines are considered as above average. This concetion is given to average out the deviation within the two short terms.

- If the returns data are available only up to 1 month, then the fund can not be marked as green, but can be marked as amber for the returns above average.

- Unlike the weekly top 50 analysis, here the color coding does not meet indication as a preferred investment choice, just the stand out for superior consistent performance within the list.

6. Detailed list of funds by sub type in the descending order of monthly return: 

6.1.  The fund sub types are listed below by descending order of overall performance ranking.

6.2. Detailed top ranked funds are listed below for all the twenty sub types:

6.2.1 Pharma  

6.2.2. Mid Cap

6.2.3. Small Cap

6.2.4 Multi Cap

6.2.5. Large & Mid Cap

6.2.6. Thematic - General

6.2.7. Consumption

6.2.8. Technology

6.2.9. Infrastructure

6.2.10. ELSS

6.2.11. International

6.2.12. Flexi Cap

6.2.13. ESG

6.2.14. Dividend Yield

6.2.15. MNC

6.2.16. Energy

6.2.17. PSU

6.2.18.Value Oriented

6.2.19. Large Cap

6.2.20. Banking

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

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.

Top 50 Mutual Funds Analysis for the week ending on Oct 11, 2024

 

Commentary:

1. Though the equity market did not correct like previous week, the indices are sideways with slight downward bias. When we compare the equity funds universal average, we can reconfirm it with bit loss of annual return average from 41.95 to 40.46%

2. Weekly Top 50 impressed with good weekly gain and monthly Top 50 impressed with good monthly gain. The annual Top 50 receded a bit in annual gain from 67.85 to 67.38%.

3. The annual gain of weekly Top 50 being at 58.17, one can be bit relieved that very short term leaders include many medium term gain leaders, making investment decisions bit easier, we will see the details later.

4. Bottom line, much better week for the equities compared to last week, that too with Hang Seng Index excitement cooling off, it is advantage performance leaders through this week report.

5. It is good to see some funds in green on the Weekly Top 50 funds list. The funds are marked green for having above average return within the list for all timelines from 1W thru 1Y. The funds are marked Amber for having above average return in all timelines from 1W thru 1Y except for one timeline, and if above average from1W or 1M timeline is missing, then the other above average is considered to represent both the timelines for Amber computation. Good to see that the Defence funds are returning back to investment grade.

 

6. Though Hang Seng based funds are in the top of Monthly Top 50, their weekly returns are negative, so it is a pause on investment consideration ahead.

7. Equity Annual Top 50 list is some what similar to what we saw in previous report.

8. Weekly Equity Bottom 50 is used to identify bearish reversals. The rows marked in red are those with below average return for the week or the month, at the same time having above average return for the year. Metal and Commidity funds are losing the shine, so caution ahead.

9. The Monthly Bottom 50 funds list is leveraged similar to Weekly Bottom 50 list, fishing for bearish reversals.  Quant fund family is infamous with too many in this list. Quant funds find it hard to be on the top thru the defensive market conditions.

10. Equity Annual Bottom 50 is leveraged differently, to sense bullish reversals. The rows marked in grey are those with above average weekly or monthly return irrespective of annual return (that is because there is not much divergence in annual return in this list). Bank ETFs are showing the sign of better recovery ahead, after many failed attempts. Let us see. Do not trust them to do better till they vanish from this list altogether. 

11. Comparing the hybrid fund summary from this week to previous week, the funds did better for short term.  Going forward, only Monthly Top 50 details will be shared for hybrid funds as there is not much distinction to be made with further details.

12. The annual performance leaders of hybrid funds with approx. 50% annual gain are missing in the Monthly Top 50, confirming emergence of new leadership ahead.

13. Debt funds performance overall improved thru this week.

14. There is a churn out as to monthly performance of debt funds thru this week. The Long Term Bond funds are pushed bit below this time.

15. Commodity funds corrected thru this week, taking some shine off the returns average on all timelines.

16. A set of commodity funds flip flop in leadership depending on whether the commodity funds had a bullish week or not. So, we see different set of funds on the top this time. It is fair to say that these are more defensive leaders while what we saw last week are the aggressive leaders. With this demarkation, we rarely see an undisputed leader with consistent performance and green status all the time here.

17. 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 for those not prefering to read.

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.

Nupadhya Boom Curve - Initial prototype model!

Top 50 Mutual Funds analysis for the week ending on Oct 04, 2024

 

Commentary:

1. The equity markets went through a significant correction this week, primarily due to China Investment stimulus, which caused the FII funds to flow out, and some domestic MF based on Hang Seng index sucking good amount of funds from the Indian equity market. The Middle East war situation and the F&O rules changes by SEBI also added to the negative sentiment.

2. As a result, we can see significant cut down in the overall equity returns (last line above) across 917 equity funds this week when compared to the last week. The Weekly Top 50 weekly return shrunk compared to the last week. While the Monthly Top 50 monthly return looks good, it is primarily due to Hang Seng index based funds. The Annual Top 50 annual return shrunk to 67.85 from 72.17.

3. Looking at the Equity Weekly Top 50, the ones in the green are all belonging to Hang Seng Index, their weekly and monthly return numbers may cause dizziness.

4. The rule for marking a fund green is that it should have above average returns for all timelines from 1W thru 1Y. The rule for making a fund amber is that it should have above average return for all timelines from 1W thru 1Y except for one timeline, and if any of the 1W and 1M timelines have above average return, then it applies as above average for both the 1W and 1M timelines. Similarly, if both the 1W and 1M timelines have below average return, it is treated together as only one timeline having below average return for the Amber rule.

5. ICICI Prudential Nifty Metal ETF still looks attractive for investment though it slowed down to below average return this week.

6. Looking at the Equity Monthly Top 50 list, similar observations apply when comparing to the Weekly top 50 list.

7. Looking at the Annual Top 50 equity list, Bandhan Small Cap Fund makes it back to green, indicating that it is tough and can hold on against adverse short term situation like this week.

8. Looking at both the Equity Weekly Bottom 50 and Equity Monthly Bottom 50, one can gauge the bearish reversal. Bearish reversal for the fund is marked in red, for having either weekly or monthly return below average in the list, but the annual return above average in the list. The candidates for bearish reversal belong to Realty, Auto, Tourism, Infrastructure, PSU, Nifty 200 Alpha 30, Momentum, Value, Quantamental, Defence, Oil & Gas etc.

9. Looking at the Equity Annual Bottom 50 list, the funds indicating bullish reversal are marked in grey for having above average retun either in 1W or 1M timeline.

10. Looking at the Hubrid funds return summary across this week and last week, there is an impact of equity correction.  While Weekly Top 50 retraced, the Monthly Top 50 improved simply because the traditional Monthly Top 50 leaders made back to the list.

11. Looking at the Hybrid Weekly Top 50, we can see too many conservative hybrid funds have come into the list, thanks to the equity correction thru the week.

12. For some reason, debt funds had subdued and even some negative return for the week.

13. The commodity funds further appreciated thru this week, though at lower pace. The annual return average now looks very impressive, close to Hybrid fund averages.

14. There is churn out in commodity funds leadership this week.

15. 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 for those not prefering to read.

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.