Market and Mutual Fund Health Check Jan’24

Mid and smallcaps continue to dominate among broad market indices, while real estate, PSUs and energy sectors are top performers. Banks and FMCG are going through a tough time

In the short run, markets have borrowed significantly from the future , as seen in the 1y/10y return ratio. This means some consolidation/short-term correction may be due.

However, India’s long term prospects are solid: Macros, Markets, Memes! Outlook for 2024 and Beyond!

Mutual fund category-wise data:

Flexicap

Only ~39% and ~62% of the funds have beaten Nifty 500 TRI over 5 and 10 year timeframe respectively

Multicap

Only ~43% and ~50% of the funds have beaten Nifty 500 Multicap 50:25:25 TRI over 5 and 10 year timeframe respectively

Focused

Only ~41% and ~58% of the funds have beaten Nifty 500 TRI over 5 and 10 year timeframe respectively

Large and Mid

Only ~31% and ~19% of the funds have beaten Nifty Largemidcap 250 TRI over 5 and 10 year timeframe respectively

Largecap

Only ~48% and ~63% of the funds have beaten Nifty 50 TRI over 5 and 10 year timeframe respectively

Midcap

Only ~25% and ~18% of the funds have beaten Nifty Midcap 150 TRI over 5 and 10 year timeframe respectively

Smallcap

~65% and ~73% of the funds have beaten Nifty Smallcap 250 TRI over 5 and 10 year timeframe respectively

Contra Value

~69% and ~88% of the funds have beaten Nifty 500 TRI over 5 and 10 year timeframe respectively

Dividend Yield

~83% and ~63% of the funds have beaten Nifty 500 TRI over 5 and 10 year timeframe respectively

ELSS

~40% and ~57% of the funds have beaten Nifty 500 TRI over 5 and 10 year timeframe respectively

~Fin~

Disclaimer:

I am not a SEBI RIA This post is purely educational and not to be construed as advice of any manner Please do your own due diligence before making investment related decisions based on the info seen in this posting