Top 50 mutual funds analysis as on Aug 23, 2024

 

Commentary:

1. All mutual fund types had good recovery for the last week. As a result, all mutual fund averages for the month is positive.

2. Top 50 equity funds monthly return rose to 8.26%. Top 50 equity funds annual return is at 72.99.

3. Looking at the Monthly Top 50 equity funds, the one in the green are those with above average return in all timelines from 1M thru 1Y. The one in amber are those with above average return in all timelines from 1M thru 1Y except for one time line.

4. While healthcare funds still lead, two small cap funds made it to the green.

5. The purpose of Monthly Bottom 50 equity funds is to sense the bearish reversal. This is done by highlighting above average annual returns in the list and below average returns for the week and month in Bold Red. Those having above average annual return in the list, but having below average return for the week or the month are marked in Bold Red. Per this, PSU Banks and the US market related funds are concern.

6. Very few funds have made it to the green and amber status in the top annual 50 equity funds list above.

7. The purpose of the Annual Bottom 50 funds list is to look for bullish reversal of underperforming funds which no way is a signal for fresh investment. This is done by highlighting abvoe average weekly and monthly returns in Bold. The annual return is made inconsequential for this analysis going forward. The funds with above average weekly return or monthly return are highlighted in Bold. Sad that Nifty Bank ETFs are outside this recovery list still.

8. The Top 50 hybrid funds for the month and year both are given above with applicable green and amber status above.

9. The Monthly Top list of coomodity funds above has only one fund in green status.

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.

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