Top 50 Mutual Funds Analysis for the week ending Nov 15, 2024

 

Commentary:

1. This week had only four trading days than five. Equities corrected further through this week. So, the respite of last week was misleading.

On average, the equity mutual funds have maintained negative return for the last three months.

Weekly Top 50 remained positive for the week, Monthly Top 50 remained positive for the month, Annual Top 50 return for the year fell below 50% for the first time recently.

We can not rule out further equity corrections, but there can be some dead cat bounces in between as there is some analyst comments as to the worst being over for the Indian equities. However, till the new US president takes oath at office thru late January 2025, we can expect uncertainities and associated negative sentiments in Indian equity.

It is fair to say that only when the Indian equity funds pull up at least by three times the weekly losses on the Annual Top 50 leaders, we can be sure that the worst is over. Indicatively, we need to see the annual Top 50 annual returns back in the above 60% return, there is a gap of above 10% for now.

2. Top 50 Equity Funds analysis

The funds are marked in green when they have above average return in all timelines from 1W thru 1Y. Funds marked in green are not an indication of investment worthiness thru this correction period as the above average return can still be negative in a particular timeline, it is just above the average return within the list, that is all.

The funds are marked in amber when they have above average return in all timelines from 1W thru 1Y except one timeline. A concession is given for short term returns of 1W and 1M, if any one of them are above average, then both are considered above average, for the amber rule.

The funds with no data beyond one month can not be marked green, only amber for having above average return in all available timelines.

2.1. Weekly Top 50: 

2.2. MonthlyTop 50: 

2.3. Annual Top 50: 

3. Equity Bottom 50:

Weekly and Monthly Bottom 50 lists are used to identify potential bearish reversal candidates, meaning these funds are likely to correct further in the week ahead.  The funds with below average return for both the week and the month, but above average return for the year are marked with darker red for severe bearish reversal. If only one of the weekly or monthly return is below average, while the annual return remains above average, then such a fund is marked in lighter red, meaning milder bearish reversal signal.

3.1. Weekly Bottom 50

3.2. Monthly Bottom 50:

3.3. Annual Bottom 50:

Annual Bottom 50 list is used to spot the potential bullish reversal of a fund. A fund in this list is considered as a bullish reversal candidate if both the weekly and monthly return are above average, irrespective of annual return, and such funds are marked in grey.

4. Hybrid funds

4.1. Hybrid funds corrected further thru the week as the equity portion of those funds corrected severly.

4.2. The Monthly Top 50 hybrid funds are represented by conservative and ultra-conservative hybrid funds as the intensity of equities correction is severe.

5. Debt funds:

5.1. Debt funds performance Summary:

5.2. Monthly Top 50 Debt funds: 

6. Commodity Funds:

6.1. Commodity Funds Summary

Severe correction of commodity funds through the week.

6.2. Monthly Top 50 Commodity Funds:

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.