Commentary:
Summary
Mutual funds recovered a bit thru this week. Surprisingly, the equities recovered better than all other fund types. Debt and commodity funds corrected thru the week. Equity funds remain negative for the months though.
There is some leadership shown by the new Interent funds, which are the only leading Indian equity funds, but these are new funds, need to see how they sustain superior returns ahead.
Not much is discussed in the Top 50 details, because the leadership remains from the foreign equity funds only. The smallcap funds are showing bearish signs, which is a new concern. This may be because, the quarterly results are disappointing for the majority of smallcap funds.
Concern:
The unreasonable tariff on India from the US will keep the sentiments of export sectors negative for a while.
Opportunity:
Due to approaching monthly expiry, the equities may be looking up a bit from here.
Though there is a correction risk on the Gold, the US debt situation may still keep the prices at healthy level, even if a war truce or agreement happens between Russia and Ukraine.
1. Combined Funds Top 50
1.1. Combined Funds Top 50 Summary
Intensity of superior return of Top 50 funds diminished a bit thru this week. The weekly returns of Annual Top 50 is negative, therefore the volatility will remain for a while.
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
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.
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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.
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