The 7 best mutual funds you should definitely invest in 2020

If you clicked on the link to actually get mutual fund recommendations then you are an idiot. Like a big one, like a world-class idiot. Now to the matter at hand. ‘Tis the season to be jolly and ’tis also the season for financial wankery. All the so-called “advisors”, “experts”, “analysts”, brokers, mutual fund platforms,…… Continue reading The 7 best mutual funds you should definitely invest in 2020

Edelweiss PSU debt ETF to use a target maturity structure

UpdatesThe cabinet has approved the launch of the Bharat Bond ETFUnit size: Rs 1000 for the ETF. NAV of the FOF will be Rs. 10 during the NFO period but Edelweiss has yet announce the minimums. Expense ratio: 0.0005 percent NFO Date: 12th December to 20th December The NFO of the Bharat Bond ETF (PSU…… Continue reading Edelweiss PSU debt ETF to use a target maturity structure

Update: Indian mutual fund platforms are in trouble

Last month I wrote a post on the brewing trouble with Indian mutual fund platforms after the FundsIndia debacle. The post surprisingly evoked some strong sentiments. I had said that there would be a shakeout among the mutual fund platforms and looks like it has begun. Upwardly, a regular mutual fund platform with about Rs.110.7…… Continue reading Update: Indian mutual fund platforms are in trouble

You can’t even beat a monkey

What Robin says is in reference to the now famous line from the book “A Random Walk Down Wall Street” by Burton Malkiel. A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts Burton Malkiel https://twitter.com/RobinJPowell/status/1145688987983667201?s=20 Anyway, the WSJ…… Continue reading You can’t even beat a monkey

The FundsIndia saga is just a sign of things to come. Indian mutual fund platforms are in trouble!

Recently news broke that the investors ousted both the founders of FundsIndia. This came as quite a surprise to everyone, but a little bird had vaguely told me a couple of months ago of some of the bad tidings there. FundsIndia, if you aren’t aware, is one of the oldest mutual funds portal in India.…… Continue reading The FundsIndia saga is just a sign of things to come. Indian mutual fund platforms are in trouble!

Why were the fund houses holding DHFL poop? 💩

Ever since the IL&FS default and the ZEEL saga, investors and commentators have been wondering about the next crisis in debt mutual funds. Well, as the old saying goes, Be Careful What You Wish For… It Just Might Come True. Come true it did! Was reading this article which showed that UTI Mutual Fund and Reliance Mutual…… Continue reading Why were the fund houses holding DHFL poop? 💩

DHFL Pramerica MF investor communication on DHFL exposure

Well, DHFL Pramerica Mutual Fund finally sent out a communique to all its investors on the DHFL fiasco. Remember DHFL funds fell anywhere between 10% to 50% post the default by Dewan Housing (DHFL). Luckily for the mutual fund, it’s exposure was not as high as others such as UTI MF and Reliance MF and…… Continue reading DHFL Pramerica MF investor communication on DHFL exposure

Axis Mutual fund files to launch a Nifty 100 index fund

Axis mutual fund has filed to launch a Nifty 100 index fund. This will be the first index fund based on the index. There are 3 ETFs by Reliance, LIC, and ICICI but like most of the ETFs in India, they are illiquid. DSP and Principal, however, offer Nifty 100 equal weight funds. The Nifty…… Continue reading Axis Mutual fund files to launch a Nifty 100 index fund

Introduction to passive funds

If you are curious about how index funds work, then check this video out. It’s pretty decent. https://youtu.be/u-CMgOJQ9A0

Dear investors, wake up and smell the bullshit. Mutual funds sahi nahi he!

I’ve been meaning to write this post for a while now but never got around to it. There has a small but growing chorus over costs and performance in mutual funds in India over the past couple of years. This is very heartening, but this is a very small or tiny group of sufficiently informed…… Continue reading Dear investors, wake up and smell the bullshit. Mutual funds sahi nahi he!