Everyone has seen sharp bounce back last week in equity market.
You can say not a bounce back but a very good return generation period formarket. If you take last few years we have seen average returns of 50% inverious schemes of mutual fund and many shares. But in last week manyscript has given 50% + kind of returns.
All have noticed major fall in NAV of verious scheme of JM MutualFund. What was happened that can not be changed but you can see theyare bouncing again with a good pace. If you see last one week comparison of 216 open ended diverisifiedequity fund as on 5th Nov, 6 shcemes are of JM out of top 15.
JM contra leading number one position with 26.78% ranking number 1.
JM Multi Strategy fund 26.52% ranking number 2.
JM Basic Fund 25.22% ranking number 3.
JM Small & Midcap fund 22.79% ranking number 5th.
JM HI FI fund 21.61% ranking number 8th.
JM Equity Fund 20.89% ranking number 12.
JM fund management team says we have charn our portfolio in sucha away which can generate good returns when market bounce back.
Cheers!!!!!
