Monthly Top 50 Mutual Funds Analysis as on June 21, 2024

 

1. All fund types had a weekly gain on average, all the fund types had positive monthly average except for the commodity funds.

2. Annual leaders made less progress in the month when compared to the monthly leaders. So, there is a transition of top 50 leaders in general.

3. Looking at the monthly Top 50 across all fund types, it is dominated by equity funds (except for one hybrid fund - SBI Magnum Children Plan - Investment). Investment worthy ones for having above average returns for all timelines 1M thru 1Y are marked in green. Please have a look at the rest of the rows also, as it gives you an idea as to how the leadership trend is churning. For example, one can see emergence of small cap funds, private psu bank funds, flexi cap funds etc.

4. Looking at the annual Top 50 across all fund types, it is pretty much the same as equity annual top 50. Investment worthy ones marked in green for having above average returns from 1M thru 1Y are from defence and infrastructure. One can also see small cap, flexi cap, nifty auto funds in the top 50.

5. Looking at the Equity only Monthly Top 50, the investment worthy ones marked in green for having above average returns from 1M thru 1Y timelines belong to Defence, Realty, Mid Cap, Small Cap, Housing etc.  The ones marked in yellow are promising but do not have performance data beyond 1 month.

6. Looking at the Equity Monthly Bottom 50, note worthy ones are marked in red. Some annual return leaders are stuck here, which is a concern. Need to watch these funds performance for next two weeks, if underperformance continues, the annual gains will erode fast, then selling these funds may be prudent. Better decision to be taken at the weekend after budget.

7. There is no need to discuss equity only Annual Top 50, as it is the same as the Annual Top 50 across all fund types, and is given above.

8. Looking at the Hybrid Monthly Top 50, investment worthy ones are marked in green for having above average returns from 1M thru 1Y.

9. Looking at the Hybrid Annual Top 50, investment worthy ones are marked in green for having above average returns from 1M thru 1Y.

10. Looking at the Commodities funds, there is a churn out in the leadership. While there is some weekly recovery, overall the fund monthly average is negative. There is no green rows here as there is no single fund with above average return from 1M thru 1Y.

 

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