Best Performing Mutual Funds 2020

The year 2020 will be long remembered for pandemic , job loss , economic loss , lockdown, disasters etc. It will also be remembered for tenacity, willpower, strength, patience of the common man, companies, institutions, government etc… This year has been a year of extreme volatility . We have seen extreme fear and moderate greed in the same year. Swinging from doomsday to irrational exuberance are all happening at the same time. In this article, the performance of mutual funds are compared from YTD.

HDFC Tax Saver Fund is an Equity Linked Savings Scheme . It has kept its benchmark as the Nifty 500. It’s performance has not been upto the mark in the recent years. Expense ratio is on the higher side. It has been ranked a 1 star fund in Valueresearch and Moneycontrol It seems that HDFC AMC has had a closer look at this and has made major changes to this fund and is keen to turn this ship around.

Emergency fund as the name suggests is the money that you would touch when you have an emergency.

Emergencies could be :

As you are aware, since last month, I compile a list of funds and sectors which have done well.

1. Banks have been on the losing streak for a long time and there has been some respite last month, but not enough.
2. Digital growth story has been intact and has an average growth of about 16% for two months in a row.

Winners

In October 2020, banking funds have done really well.

November 2002 - I boarded the train from Mumbai to Pune to take up my first job. Net income was Rs 15,000/- We were working in one of the top IT service companies and quite excited. I used to meticulously write my expenses on daily basis. Very soon, I had made some good friends. I was eating out regularly. There was one late night movie every week, parties during the week. I stopped writing my expenses. Every Friday there was a Sumo ready to take us back to Mumbai and every dreadful Monday, there was one to take us back to office. By the time I left my first job and moved to the second one, I had Rs 4000/- in my bank account (2 years of saving).