Commentary:
1. Equity Funds
1.1. Equity Funds Summary
Equities, at an overall average level, recovered a bit this week. However, the average annual return shrunk further to 12.21, with significant negative returns for the month, 3 months, and 6 months.
Top 50 return averages for the week, month and year expanded a bit.
It is fair to say that the temporary recovery of the Indian equity market due to budget and 0.25% interest rate cut by RBI is over. We can anticipate further corrections of the market from this point forward.
I persoanlly have sold all my mutual fund holdings now, except for those which I can not sell as they are ELSS funds. I will now wait for the market bottom, which may happen anywhere between now and June 30th. I do not do SIP investing, rather like to come back big and invest bigger amount on confirmed market bottom. On market bottom, there will be a period of consolidation, giving enough time to reinvest at lower levels.
We will see more funds moving to hybrid funds in the mean time. So, watch the monthly Top 50 report of hybrid funds till equity recover for sure.
1.2. Equity Top 50
Green and Amber color marked mutual funds in the list: Since the focus is not only looking for the performance leaders, but also consistent above average performance across all the timelines, the funds are marked in Green or Amber to easily recognize consistency of perfromance among the leaders.
Green:
If the returns for all the available timelines from 1W thru 1Y is above the average within the list. The fund can not be marked green even with this rule if the returns are not available beyond a month, in which case the fund is marked as amber only.
Amber:
If the returns for all the available timelines from 1W thru 1Y is above the average within the list except for one timeline. For this exception, if any of the weekly and monthly returns are above average, then both timelines are considered to have above average return.
1.2.1. Equity Weekly Top 50
1.2.2. Equity Monthly Top 50
1.3. Equity Bottom 50
Both the weekly and monthly bottom 50 lists are leveraged to identify potential bearish reversal indications of the funds. This is done by marking above average annual return in bold and below average returns for the week and month. The funds with both weekly and monthy below average, but annual above average are marked in darker red, while the funds with only one of the weekly and monthly below averages but with above average annual return are marked in light red.
Annual bottom 50 funds list is used to recognize potential bullish reversal. Any fund with above average return for both the week and the month in the list is marked as grey indicating potential bullish reversal.
1.3.1. Equity Weekly Bottom 50
1.3.2. Equity Monthly Bottom 50
1.3.3. Equity Annual Bottom 50
2. Hybrid Funds
2.1. Hybrid Funds Summary
2.2. Hybrid Monthly Top 50
3. Debt Funds
3.1. Debt Funds Summary
3.2. Debt Monthly Top 50
4. Commodity Funds
4.1. Commodity Funds Summary
4.2. Commodity Monthly Top 50
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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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