Let us first look at the top 10 best performing funds of 2016

DSP BlackRock Natural Resources and New Energy Fund55.45
DSP BlackRock World Mining Fund54.17
SBI Magnum COMMA Fund40.53
DSP BlackRock World Gold Fund40.03
HSBC Brazil Fund39.18
Kotak World Gold Fund – Standard Plan36.51
CPSE Exchange Traded Fund29.07
ICICI Prudential Banking and Financial Services Fund27.79
Birla Sun Life Global Commodities Fund27.36
SBI PSU Fund26.25

Data source: vro

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Do you see any familiar names? This is what I find amusing, but not surprising –

  1. 9 funds are not rated
  2. 8 funds have AUM less than Rs 300 Cr
  3. 5 funds are International fund
  4. 6 funds are commodities fund
  5. 1 fund has AUM of just Rs 2Cr (!)

What is the probability of these funds performing well in 2017?