1. Equity funds (932 Total) corrected further overall, however the intensity of correction was minimal.
2. Top 50 Equity funds
2.1. Weekly Top 50 Equity funds:
It is good to see that more of Indian equity based funds made to the Weekly Top 50 list, that too with green and amber color.
Green color is assigned if the fund has above average return in the list for all timelines 1W thru 1Y. Amber color is assigned if the fund has above average return in the list for all the timelines 1W thru 1Y except for 1 timeline. For Amber rule, a concetion is given to the short term returns i.e. 1W and 1M, namely if any one of these two timelines has above average return, then both timelines are considered to have above average return. Effectively, these two together are considered as one timeline for Amber rule.
Good to see that Healthcare based equity mutual funds are dominating Indian equity based funds, that too some with green status.
Good to see that some of the leaders in the Annual Top 50 list have positive weekly return if not the monthly return. Hopefully, this is a sign of turn around for annual leaders from here on, but one needs to validate further through next one or two weeks.
3.1. Equity Weekly Bottom 50 list:
Equity Weekly Bottom 50 list is used for sensing the potential bearish reversal of leading funds. This is done by marking below average weekly and monthly returns in Bold Red and above average annual return in Bold Black. The funds with below average returns both in the week and month but with above average annual return are marked in darker Red, and the funds with below average return either for the week or the month, but above average return for the year are marked with light Red.
Certain Auto, IT, Tourism, Transportation & Logistics funds are showing the sign of bearish reversal.
Monthly Bottom 50 list too is used for bearish reversal signs.
Equity Annual Bottom 50 list is used for signs of potential bullish reversal of underperforming funds. Only those funds which have above average return in both the week and month are considered as bullish reversal candidates, and are maked in grey.
5. Debt funds
5.1. Debt funds returns this week is some what in line with that of last week.
6.2 Average annual returns of the commodity funds is now above 30%
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/
Other relevant Social Network Platform links:
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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.
