Discover and read the best of Twitter Threads about #mutualfundsahihai
Most recents (12)
#Investors should avoid knee-jerk reaction as the investigation is still underway & @AxisMutualFund has already sacked the concerned officials from their responsibilities.
Impacted #mutualfund schemes (image enclosed) haven't been recommended by us at #MasterMindFinnAsset (1/n)
Impacted #mutualfund schemes (image enclosed) haven't been recommended by us at #MasterMindFinnAsset (1/n)
Extent of notional losses that may have occurred to the #investors in these schemes can only be estimated after the probe. Investors may have to wait for further action, disclosures & announcements from the fund house & the regulator around this matter.(2/n) #axismutualfund
Unfortunately @AxisMutualFund is witnessing knee-jerk reaction of #investors via redemptions or stoppage of SIPs/ STPs. Focus of facts not rumors about the management. Such rumors have been there from past 2 years for @FTIIndia as well. (3/n)
The Fact is simple #franklintempleton has tried & is trying hard in the larger interest of #investors since day one. (1)
@bsindia @livemint @EconomicTimes @ETNOWlive @thetribunechd @DainikBhaskar @AmarUjalaNews @businessline @BloombergQuint @CNBC_Awaaz @CNBCTV18Live @NDTVProfit
@bsindia @livemint @EconomicTimes @ETNOWlive @thetribunechd @DainikBhaskar @AmarUjalaNews @businessline @BloombergQuint @CNBC_Awaaz @CNBCTV18Live @NDTVProfit
Time & again most #MFDs & FT itself letting Actual Investors of these 6 schemes know that even in times of #COVID they have accumulated more than ₹11000 crores without #monetization but still few people are having unnecessary doubts. (2)
I personally believe that if #History will be written, the #historians will focus on the solution not on the problem.
Saying Yes, to both Winding Up Consent & Active #Monetization is only & solely in the best possible move for #investors. (3)
Saying Yes, to both Winding Up Consent & Active #Monetization is only & solely in the best possible move for #investors. (3)
Yesterday did an analysis of 10 Large Cap MFs.
Someone said Mid Caps perform better. Hmmm
Here is t summary of 10 MFs from Mid Cap sector based on AUMs.
Btw, I saw large caps like HDFC Bank, ICICI Bank in top holdings... hmm MidCap
Enjoy...
1/n
Someone said Mid Caps perform better. Hmmm
Here is t summary of 10 MFs from Mid Cap sector based on AUMs.
Btw, I saw large caps like HDFC Bank, ICICI Bank in top holdings... hmm MidCap
Enjoy...
1/n
Total AUM of 10 these MFs: 58,359Crs (AUM: Asset Under Management, size of the funds)
Top 25 stocks: Ranging from ~60-80% holding (Average 66%)
2/n
Top 25 stocks: Ranging from ~60-80% holding (Average 66%)
2/n
Return against S&P BSE 150 MidCap
1 yr: 2 cud barely outperform. 1 out of 8 had a negative return
3 yr: 4 outperformed (2 could barely do). Rest handsomely beaten-down by Index. Worst 2 had negative returns
5 yr: Only 3 could outperform (2 could barely)
7 yr: 6 outperformed
3/n
1 yr: 2 cud barely outperform. 1 out of 8 had a negative return
3 yr: 4 outperformed (2 could barely do). Rest handsomely beaten-down by Index. Worst 2 had negative returns
5 yr: Only 3 could outperform (2 could barely)
7 yr: 6 outperformed
3/n
Here is the summary of 10 Mutual Funds from the large-cap sector based on their AUMs.
Size (XXXL and expanding...)
Total AUM: 1,35,217Crs (AUM: Asset Under Management, size of the funds)
Top 25 stocks: Ranging from 70-90% holding
1/n
Size (XXXL and expanding...)
Total AUM: 1,35,217Crs (AUM: Asset Under Management, size of the funds)
Top 25 stocks: Ranging from 70-90% holding
1/n
Returns (better not to talk)
against S&P BSE 100
1 yr: 8 underperformed, 2 could barely outperform. 1 had a negative return.
3 yr: Again only 2 could outperform. Rest were handsomely beaten down by the Index.
5 yr: Again only 2 could outperform.
7 yr: 7 could outperform
2/n
against S&P BSE 100
1 yr: 8 underperformed, 2 could barely outperform. 1 had a negative return.
3 yr: Again only 2 could outperform. Rest were handsomely beaten down by the Index.
5 yr: Again only 2 could outperform.
7 yr: 7 could outperform
2/n
Here is the real fun:
I was trying to understand the reasons, what has happened during the last 5 years that caused this underperformance? Mind it we are looking for relative performance against index so things like economy did not perform will not cut the ice
3/n
I was trying to understand the reasons, what has happened during the last 5 years that caused this underperformance? Mind it we are looking for relative performance against index so things like economy did not perform will not cut the ice
3/n
The Karnataka High Court will shortly resume the hearing on plea challenging the validity of #SEBI (Mutual Funds) Regulation, 1996 pertaining to winding up of MF schemes Regulation 39 to 41.
@sradvravindra @sh_abhinav @LiveLawIndia @barandbench #gslupdates #franklintempleton
@sradvravindra @sh_abhinav @LiveLawIndia @barandbench #gslupdates #franklintempleton
Yesterday, Sr. Adv. @sradvravindra appearing on behalf of the Petitioner pointed out that in a press release #SEBI condemning the actions of some MF schemes.
@sh_abhinav @LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
@sh_abhinav @LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
He cited the #SEBI press release which said that some MF houses have chosen to high concentration of high risk, unlisted debt securities with low credit ratings and did not rebalance their portfolios even during 12 months available to them.
#gslupdates #franklintempleton
#gslupdates #franklintempleton
The Karnataka HC will shortly resume the hearing on plea challenging #SEBI (Mutual funds) regulations, 1996 regarding the winding up of MF schemes, Regulation 39 to 41.
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
Yesterday, Sr. Adv. Mr. Ravindra Shrivastava pointed out that the winding up of the mutual fund schemes have put a clog on the redemption on the units.
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
This clog on redemption is a change in the fundamental attribute of the scheme.
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
@LiveLawIndia @barandbench #gslupdates #franklintempleton #franklinupdates #mutualfundsahihai
Franklin has shut down 6 debt mutual fund schemes due to illiquidity in market stopping buy/sell of units in these funds. Doesn't it put q on experts who suggest to hold just 3-4 scheme in portfolio. True saying - Never keep all eggs in one basket. #mutualfunds #market #franklin
Put together, almost 26000 crore rupees of investors are stuck in these 6 schemes. These all belong to debt schemes so higher chances that most of the money stuck belongs to retail investors. (2/n)
All these 6 funds are rated with 5 stars by Morningstar rating agency. In 2008 crisis all mortgages and CDO were triple ace rated by S&P, Moody's & Fitch. History repeats itself and average customer is trapped. Sad story #MutualFundsSahiHai ? #franklintempleton #mutualfunds (3/n)
What are the 3 steps the government should take to protect economy from this crisis @iRadhikaGupta @avasthiniranjan @AashishPS @MFBALA @ambakhshi @GunwaniManish @Bhushan0110
Trading is what smart people use for making good money out of markets. However, to save & grow the money, #MutualFundSahiHai
Start early.
To get 1 crore at age 60 assuming 12% rate of interest -
It only costs SIP of Rupees 1550 at age 25, which continued till 60 makes 1 Crore
Start early.
To get 1 crore at age 60 assuming 12% rate of interest -
It only costs SIP of Rupees 1550 at age 25, which continued till 60 makes 1 Crore
Every delay in 5 years of starting sip makes us invest almost double. Let Compound interest work in our favour and not against us.
Check the calculations at elearnmarkets.com/calculator
Check the calculations at elearnmarkets.com/calculator
Keep increasing the SIP amount to reach goals quicker.
Stay invested to achieve your goals. #coronavirus or US Iran war won't impact you in the long term.
Stay invested to achieve your goals. #coronavirus or US Iran war won't impact you in the long term.
This post is a crash course on promoter funding, which serves as a bedrock for my next post.
Promoter funding/ financing, is the colloquial term used for raising of debt funds by Promoters of companies usually against the security/ comfort of shares. Thread 1/13
Promoter funding/ financing, is the colloquial term used for raising of debt funds by Promoters of companies usually against the security/ comfort of shares. Thread 1/13
A promoter, many a times, needs money for (a) equity infusion in a new/ growing business, (b) personal use (c) enhancing stake in established business (d) family settlement etc.
If he doesn't have enough cash at his disposal, he borrows from finance firms. 2/13
If he doesn't have enough cash at his disposal, he borrows from finance firms. 2/13
The most liquid and widely accepted collateral/ security for these borrowings are shares of established (usually listed) companies.
These shares are pledged to the financing firm (or a trustee) to avail of the debt facility. 3/13
These shares are pledged to the financing firm (or a trustee) to avail of the debt facility. 3/13
(1/n) Among many things addressed today in Finance Minister's Meet with Press, she addressed there will be development of Credit Default Swap (CDS) Markets in consultation with @SEBI and @RBI RBI. This step was taken following the credit events of IL&FS, DHFL etc in past yr
(1/n) Ease of FPI Norms by SEBI on Aug 21
Key focus - to simplify and rationalize the existing regulatory framework for FPI - easing the operational constraints, expedite the registration process & compliance requirements, documentation for KYC simplified
Key focus - to simplify and rationalize the existing regulatory framework for FPI - easing the operational constraints, expedite the registration process & compliance requirements, documentation for KYC simplified
(2/n) Broad based eligibility criteria for institutional foreign investors scrapped. What was broad based requirement? Abroad based fund meant a fund, established or incorporated outside India, which has min 20 investors, with no investor holding > 49% of shares or units of fund
(3/n) FPIs may be recategorized into 2 categories - I and II, instead of the present requirement of three categories
Current Categories are - Category I includes foreign investors related with the government such as central banks, government agencies, sovereign wealth funds
Current Categories are - Category I includes foreign investors related with the government such as central banks, government agencies, sovereign wealth funds
