Commentary:
Summary
This week, overall, mutual funds gained. The equity funds and commodity funds gained beyond the combined average, and the commodity funds gained more than equity funds.
Equity funds remain below the combined average when it comes to the annual average. The commodity funds remain below the combined average when it comes to the monthly average.
Commidty funds remain to stand out when it comes to the 6 months returns and annual returns.
Concern:
Combined MF Annual Top 50 Monthly Average remains lower than that of Combined MF Average, which means that the annual performance leaders are laggards in the short term basis. Fair to say that there is no consistancy of leadership across all timelines.
Opportunity:
Since the Weekly Average of Annual Bottom 50 is above the Combined Weekly Average, we can say that the worst is getting over for the annual laggards.
1. Combined Funds Top 50
1.1. Combined Funds Top 50 Summary
Weekly Average of Weekly Top 50, Monthyl Average of Monthly Top 50, and Annual Average of Annual Top 50 have improved when compared to the last week Top 50 summary, which is an indication that mutual fund returns are looking up in general as the result season is up.
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
Certain Nifty Capital Market Index funds shown in green are showing Buy signal.
On a monthly basis, there is no clear leadership as to true "Indian" funds confirming Buy signal.
1.2.3. Combined Annual Top 50
On an annual basis, there is no clear leadership as to true "Indian" funds confirming Buy signal.
Bearish reversal signs:
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.
Bullish reversal signs:
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.
2. Referrence Links
Blog: NatsFunCorner! on Blogger
https://natsfuncorner.blogspot.com/
Other relevant Social Network Platform links:
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LinkedIn: https: https://www.linkedin.com/in/nupadhya/
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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