Friends, I am no more a mutual fund investor. I invest in ETFs instead, mainly for liquidity and fast entry and exit.
However, I do have academic interest in tracking mutual fund performances over a time and how the favorites change over time. This report is timely to sense the current trends and impact to overall short term and long term performance. This excercise helps me to evaluate relative performance of me as a trader / investor against the passive investment style of mutual funds.
I have combined the short term performance numbers with long term performance numbers, so, you get a continuity in performance variation for any fund or top fund tracking.
Report Summary:
Summary Statements:
1. The performance of the funds except for commodity funds is quite subdued for the last one year, and the relief against this is still pending. It may take another six month to see such relief, given the global hyperinflation cycle ahead, thanks to too much sovereign debt worldwide, rising energy costs due to wars, global supply chain breakups etc.
2. The commodity funds have underperformed since the US-Iran war. The hope of commodity funds recovery is now tied to new disasters around global sovereign debt run away conditions, which may happen in the next two months. The investment in commodity funds remains to be a hedge against hyperinflation, and commodity funds going up means further bad news for the world in general. Commodity funds may continue to underperform for a month more give or take, given the war situations.
3. Indian equity funds can go up only due to fundamental recovery, increased exports and improved domestic comsumption. While hopes are pinned on these from specific fronts, the risk of hyperinflation can eat away all that, leading to 20% correction on the index level thru next six months. As a result, the Indian market, at the best will be in yo-yo mode, more suitable for trading than investment for the short term.
4. Those who are riding on higher performance funds with higher ranks, can still see their portfolio having annual return to the tune of 30%+, but this segment will be a huge minority. Those on SIPs and regular mutual fund investments than direct based on third party recommendations will continue to underperform for the short term.
5. When one looks at the Top 50 funds summary across all the short and long terms, it becomes clear that the funds which lead for terms 1Y, 3Y, 15Y, and 20Y are underperforming more in shorter terms. The funds who performed better for 5Y and 10Y have done better for the short term relatively. Therefore, one should anticipate further leadership churn out during short term ahead. Please look for consistent presence of certain funds in the Top 50 across all the short term and long term as a better risk adjusted bet ahead. Power sector funds look like safer bets ahead within equity. Look for perk ups ahead on commodity, consumption, defence ahead soon.
This report computes the overall ranking of mutual funds, by taking an average of returns for all timelines across short term and long term.
The average of top ranking mutual funds are given for the top ranks of 50, 100, 200, 500 and 1,000 funds so that you can evaluate the performance of your portfolio against the top ranking ones. If your performance is way below the top 1,000 ranked funds performance, there is a need to meditate what reforms are needed in your investment patterns.
Top 50 funds return averages are also given in the summary across all the timelines, so that an ardent mutual fund investor can evaluate the portfolio performance deviation from top perfromance benchmark.
1. Top 100 Mutual funds based on overall performance average across all timelines
All the timeline returns average is taken, and the funds are ranked per highest average return. Thus, the consistent performance across short term and long term is considered for this ranking. Newer funds with no long term data can look better if superlative performance short term, and look worse otherwise.
2. Weekly Top 50
3. Monthly Top 50
4. 3 Months Top 50
5. 6 Months Top 50
6. Annual Top 50
7. 3Y Top 50
8. 5Y Top 50
9. 10Y Top 50
10. 15Y Top 50
11. 20Y Top 50
12. Link to the excel file :
Download this excel file, which has all the 2000+ funds in alphabetical order. Look for a specific fund and its overall ranking as needed. Since some funds dint give performance numbers to value research in time, their data may be missing.
https://docs.google.com/spreadsheets/d/11KJeUS8Od2ei5JrsnNpcZ-tMTa7e1n1I/edit?usp=sharing&ouid=105738207140973936109&rtpof=true&sd=truehttps://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 prospectus of a mutual fund for all the risk information associated prior to investment.
- The author can not be responsible for the omissions 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.
