Commentary:
Summary
The mutual funds in general corrected thru this week significantly. All types of funds except for the debt funds corrected, though the correction intensity was high with both equity and commodity funds.
Due to the US tariff situation and the potential slow down in the US market also, the negative sentiment remains ahead. Need to see how the RBI policy announcement on Aug 6th will give any relief to the market ahead.
Concern:
The US market will have some negative sentiment ahead due to global supply chain disruptions and high tariff impacts.
Opportunity:
Disruption in the US equity market may perk the prices of Gold and Silver ahead.
Need to watch the RBI policy announcement as to any further trigger for certain Indian sectors, especially the finance and small banks.
1. Combined Funds Top 50
1.1. Combined Funds Top 50 Summary
The Top 50 averages, which is Weekly Average of Weekly Top 50, Monthly Average of Monthly Top 50, and Annual Average of Annual Top 50 receded, indicating confirmed slow down in the mutual fund investment returns short term.
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
The dominance of foreign equities and commodity funds remains.
1.2.2. Combined Monthly Top 50
1.2.3. Combined Annual Top 50
The dominance of foreign equities and commodity funds remains.
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/
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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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