Monthly Top 50 Mutual Funds Analysis for the week ending July 19, 2024

 

Commentary:

1. The mutual funds performance was subdued for the second week now. Still, the Monthly Top 50 equity funds registered a healthy 10.06% average return.

2. Looking at the Equity Monthly Top 50, the list is dominated by the IT and Tech funds. However, only two funds came into green status for having above average returns across 1M thru 1Y.

3. Looking at the Equity Monthly Bottom 50 for the trend reversal signs. The funds with below average Monthly Return and above average annual return within the list are marked in bold red and bold black respectively. The funds meeting both the criteria are likely the reversal candidates. HDFC Defence fund has appeared in this list. (I personally will cash out on this fund now).

4. Looking at the Equity Annual Top 50 funds, one can see the short term slow down on these funds. Very few funds made it to the green status for having above average return from 1M thru 1Y.

5. Equity Annual Bottom 50 list is pursued to identify poterntial reversals within the laggards. The funds with above average monthly return and above average annual return are shown in bold. These funds are worthy to watch out for further reversal from underperformance. 

6. There is some leadership churn out on the Hybrid Monthly Top 50 list. The ones marked in the green are those having above average returns from 1M thru 1Y timelines.

7. One can see that the top three funds in the Hybrid Annual Top 50 failed to make it to green status due to short term performance issues. The one in the green are those having above average returns for the timelines 1M thru 1Y.

8. At least two commodity funds made it to the green status, for having above average returns in timelines 1M thru 1Y.

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.