Top 50 Mutual Funds Analysis as on Sept 6, 2024

 

Commentary:

1. All the mutual funds except for debt funds corrected for the week.

2. Top 50 equity mutual funds still gave a superior monthly performance of average 10.27% return.

3. The annual average return of Top 50 Annual Top 50 equity funds shrunk to 66.57% from 74% earlier week. So, the annual leaders are correcting at a paster pace.

4. Average Annual Retrun of Monthly Bottom 50 equity funds is better than the Monthly Top 50 equity funds as many of the annual performance leaders are stuck in the Monthly Bottom 50 list.  

5. Looking at the Equity Monthly Top 50 Equity funds list, only four funds have made it to the green status for having above average return for all timelines from 1M thru 1Y. Bandhan Small Cap Fund is the lone star here, with annual return above the average of Annual Top 50. The Monthly Top 50 mutual funds leadership this time is shared by more diverse equity funds. 

6. The purpose of Equity Monthly Bottom 50 funds is to sense the bearish reversal of well performing funds so far. This is done by highlighting above average annual return in Bold Back and below average return for the week or month as Bold Red. Any fund with below average weekly or monthly return in the list, but with above average annaul return is highlighted in Bold Red.  The notable ones here are CPSE ETF, certain Nifty Bank PSU ETFs, certain PSU Equity funds, certain Infrastructure funds etc. 

7. Among the Annual Top 50 equity funds, the Bandhan Small Cap Fund is the lone star with green status.

8. The purpose of the annual bottom 50 funds is to sense any bullish reversal. This is done by highlighting above average weekly or monthly return in bold. Any fund with such return is marked in Bold Black. While certain private Bank ETFs are showing signs of recovery, good number of Nifty Bank ETFs have slipped from recovery promise to no recovery again in this list.

9. Among the Hybrid Monthly Top 50 list, JM Aggressive Hybrid Fund is the only fund with above 50% annual return and still in green status. Else the rest in green have below 40% annual return.

10. Hybrid Annual Top 50 funds list looks similar with many in the green status as usual.

11. Commodity funds Monthly Top 50 list has none in the green status.

12. You can anticipate this blog weekly, as well as the special MF reports in all of my social network platforms. These blogs are also rendered as videos for those not prefering to read.

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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.