Commentary:
1. This detailed report of Hybrid Funds is attempted after two months. I personally do not persue hybrid funds as my faith in equity is strong and it consistently has given superior return even thru recent correction phases. I am not happy with aggressive hybrid funds because their equity portion is not managed well, in the sense that when equity correction hits, their performance should be better than equity, and usually it has not been, and that is my pet peeve. This is primarily due to vast battle ground in the equity funds with more than 920 funds, and there will be enough winners in the top, and performance based investment scheme of mine protects my investments on approx. 80% of my equity investment choices thru the correction phase. I do sell the rest 20% before or thru correction, only to free up the limited cash to seek the new performance leaders post correction. But that is me, there are classical reasons to pursue hybrid funds for long term stability, and I too will get there as my asset grows large enough to worry about conservation more than growth.
2. As you can see that only two types of aggressive funds maintained overall top ranking and the Dynamic Asset allocation funds have tumbled significantly in the last one month, and last week too, they were the last in performance. As a result, based on my algorithm of overall ranking, this fund type got the last seventh rank. Usually, dynamic asset allocation funds perform at par with multi-asset, and somewhere their investment algorithm has gone out of whack with current market realities.
3. But, please note that Dynamic Asset Allocation type hybrid funds will come back to second or third rank soon, once the current equity correction phase gets over.
4. Key ranking changes since the last report:
Ranking improvements:
Multi Asset: Improvement by 3
Balanced, Conservative, Equity Savings, Arbitrage: Improvement by 1
Hybrid Aggressive: No ranking change, remains in the top rank
Dynamic Asset Allocation: Overall rank slippage to the last 7th, slippage by 4
5. Overall Monthly Top 50 Hybrid Funds across all sub-types: It is repeated below from the recent weekly report, so that overall best monthly performers across all the 217 funds is given below.
7. Whether it is a weekly Top 50 MF report or special MF report, these are availble in the blog indicated below. Blogs are also rendered as videos (on Youtube and Instagram) for those not prefering to read.
Blog: NatsFunCorner! on Blogger
https://natsfuncorner.blogspot.com/
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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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