MF NAV charts

[hrishig]

Well this may sound funny but why don't we have charts for NAV values of different MF's, ULIPS?

Though the usge will be comparitively less than stock's still it can be useful to decide entry and exit points from particular fund for good gains.


Any idea?

 

[rajeshn2007]

Well this may sound funny but why don't we have charts for NAV values of different MF's, ULIPS?

Though the usge will be comparitively less than stock's still it can be useful to decide entry and exit points from particular fund for good gains.


Any idea?

Not funny , my friend. it is a good query, charts can be plotted using the navs. The top performing funds replicate the index/ benchmark indices, so not much use from these charts.
one can very well follow the index.

 

[milind]

Recently I found out that bloomberg.com provides charts for many of the mutual funds in India.

-- Milind

 

[Class]

The historical nav can be downloaded from MF sites and chart plotted with MS XL. MA's can even be added etc. They do tend to follow the trend of the index.

ETF's may be a better idea, they tend to outperform the underlying index and can be traded like stocks. I hear liquidity isn't good, but if bought and sold at the turn or major trends, holding for the longer term, it could be workable.

Hope this helps.

 

[yogesh-tiwari]

How useful a MF NAV's chart could be, for technical analysis?

Answer: None

Reliance on NAV charts of MFs for analyzing their technical aspect (chart reading) could give false understanding of funds performance.

Reason: They represent a set of changeable underlying.

The composition of a MF is at mercy of Fund Manager. It is he who decides, which/how much stock should be a part of the MF.

Due to this inherent property, it is highly likely, that NAV chart would never develop support and resistance zones unlike a fixed composition underlying (like an index)

The only use that we may find is in comparison with benchmark index for the performance of the fund.