Commentary:
1. All mutual fund types returned positively both for the week and and the month on average.
2. Monthly Top 50 Equity funds returned 10.39% monthly on average.
3. Annual Top 50 Equity funds returned 68.03% annually on average.
4. Annual Top 50 Equity funds returned only 4.79% monthly, below the entire equity funds monthly average of 5.55%, clearly an indication of performance slow down on part of annual performance leaders.
5. Average annual return of equity funds is 40.82%, an impressive benchmark for any one's mutual fund portfolio annual return.
6. Looking at the Equity Monthly Top 50, the one in the green are those with above average return within the list in all timelines from 1M thru 1Y. The one in the orange are the ones with above average return in all timelines from 1M thru 1Y except for one timeline. The one in the green are definitely fresh investment worthy.
7. The purpose of the Monthly Bottom 50 Equity funds is to recognize the bearish reversal of high performing funds. This is done by highlighting above average annual return within the list and below average weekly and monthly return. The funds with above average annual return, and below average weekly or monthly return are highlighted as red. One invested in these funds may need to be concerned on potential erosion of gains further ahead. Many PSU funds are in this list. (I sold many PSU funds this week as I needed cash for chasing many IPOs out there!)
8. Looking at the Annual Top 50 equity funds above, it is nice to see that Bandhan Small Cap fund continues to make it green in both the monthly and annual Top 50 list. There is a churn out as to which funds are able to make it to the green here.
9. The purpose of Annual Bottom 50 equity funds is to sense the potential bullish reversal among annual underperformers. Any fund with above average return for the week or month within the list is highlighted with Bold. Most of the Nifty Bank ETFs are still stuck in this Annual Bottom 50, but are showing signs of recovery.
10. Looking at the Monthly Hybrid Top 50, the JM Aggressive Hybrid fund has fallen off the Green or Orange this time.
12. When it comes to commodity funds, there is lack of consistency on performance. Forget green status, very few funds made it to the Amber status, that too for being recently launched funds. Clearly, there is a pattern here for the rest, the ones performing better for a while, lag behind later.
13. 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.
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