Commentary:
Summary
Combined funds means all the funds from all fund types including equity, hybrid, debt and commodity funds, adding up to total 1831 funds this time.
Overall, the Mutual Funds universe saw no gains or pains through this week. Equity funds improved marginally. Hybrid funds corrected marginally. Commodity funds had a good weekly gain.
Combined Weekly Top 50 had moderate weekly gain. Combined Monthly Top 50 had strong monthly gain like last week, but bit lesser. Combined Annual Top 50 had slighty better annual gain.
1. Combined Funds Top 50
1.1. Combined Funds Top 50 Summary
Due to Gold price recovery globally, the Commodity Funds dominated Combined Weekly Top 50 this time.
Defence funds dint correct as much anticipated this week, so they still dominated Combined Monthly Top 50 list with green status. Other than HSBC Credit Risk Fund from debt funds, the rest of the funds were equity funds in the list. It is difficult for Hybrid funds to make it to the Monthly Top 50 when equities are dominating.
Gold funds dominate the Combined Annual Top 50 as usual.
1.2. Combined 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
1.2.1. Combined Weekly Top 50
1.2.2. Combined Monthly Top 50
1.2.3. Combined Annual Top 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.
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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.
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