Top 50 Mutual Funds Analysis for the week ending Nov 08, 2024

 

Commentary:

1. The equity funds recovered a bit on the weekly basis, but remain negative for the month. The Weekly Top 50 had a better weekly gain than the previous week. The Monthly Top 50 had a better monthly gain than the previous week. But the Annual Top 50 shrunk further on the Annual Gain from 62.91% to 56.86%, which means annual leaders went through further correction.

2. Top 50 Equity Mutual Funds Analysis

2.1. Weekly Top 50:

No Indian equity based fund made it to the green or amber color. Green color is given to those funds with above average return within the list for all timelines from 1W thru 1Y. Amber color is given if the above average return is missing for one timeline only, with the exception that 1W and 1M are considered together as one timeline, so anyone of them are above average, both are considered as above average.  

2.2. Monthly Top 50:

Again, none of the pure Indian equity based funds made it to the green or amber status.

 

2.3. Annual Top 50:

Certain India equity based funds did make it to the green or amber status.

3. Bottom 50 Equity Funds Analysis:

3.1. Weekly Bottom 50:

Weekly Bottom 50 funds list is used for bearish reversal signs. This is done by identifying below average returns within the list for the week and the month, and above average returns for the Year. The funds having above average return for the year, are marked in darker red if both the weekly and monthly returns are below average, and are marked in lighter red if only one of the weekly and monthly return are below average.

The funds marked as bearish reversal have potential to correct further ahead.

3.2. Monthly Bottom 50:

Monthly Bottom 50 funds list is used for bearish reversal signs. This is done by identifying below average returns within the list for the week and the month, and above average returns for the Year. The funds having above average return for the year, are marked in darker red if both the weekly and monthly returns are below average, and are marked in lighter red if only one of the weekly and monthly return are below average.

The funds marked as bearish reversal have potential to correct further ahead.

3.3. Annual Bottom 50 List

Annual Bottom 50 list is used for identifying bullish reversal signs. This is done by identifying above average weekly and monthly returns. The funds with both weekly and monthly returns are marked in grey color indicating potential bullish reversal. These funds are likely to appreciate further in the weeks ahead.

4. Hybrid and Debt funds:

The Top 50 analysis for both the hybrid and debt funds is missing for this week due to some technical issues, they will be resumed from the next week.

5. Commodity Funds:

5.1. Commodity funds summary: The commodity funds corrected significantly for the week, thanks to the US election results. The commodity funds will remain bearish for short term unless there is an escalation of war news.

5.2. Commodity Monthly Top 50:

Since there is a leadership churn out against 1W and 1M Vs. the rest of the timelines, there is no clear leadership emerging favoring further investments.

6. 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.