OLM 50: Half-Yearly Report Card

The funds in the OLM 50 list may not necessarily be the best performing. The objective is to give our readers a list of the consistent performers across market cycles

- Kundan Kishore

The fear of recession still looms large over the developed nations, where inflation still remains beyond tolerance levels. After the collapse of some banks in the US and Europe, it has now become more challenging for banking regulators across the world to tame inflation without causing too much collateral damage to the economy.

On the domestic front though, inflation has started softening. It came down to 4.7 per cent in April 2023, closer to the tolerance band of 4 per cent set by the Reserve Bank of India (RBI). Experts believe that if inflation continues to soften, RBI may get room to ease interest rates.

Low inflation and falling interest rates are critical for sustainable growth, and those factors bode well for both equity and debt mutual funds.

But the market continues to remain volatile, and in this scenario, it is always better to keep a tab on your investment to ascertain if it's on track or has deviated from the path you had expected it to take.

The OLM 50 basket of curated funds completed a year in May 2023. Last year, we re-launched it for the benefit of our readers, and it's time now for its second half-yearly review.

To reiterate, the funds in the OLM 50 basket may not necessarily be the best performing. Our objective here is not to offer readers the hottest scheme of the year, but to choose a consistent performer across market cycles after applying relevant filters and parameters.

The Need For Review