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@kalramukesh

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@ETMONEY

Nov 23

Last 10-year returns of some top-performing Focused Funds:

Quant Focused Fund: 16.91%
Franklin India Focused Fund: 15.41%
SBI Focused Fund: 15.32%

But there’s a little-known name which has done even better. Which is that dark horse?

What has been its secret? A 🧵

We are talking about 360 One Focused Equity Fund.

It has recently completed 10 years and has also been the top performer over the last decade.

That said, this scheme has had its ups and downs.

Let’s review its performance & strategy.

First, some basics on Focused Funds.

In these schemes, fund managers can invest across large, mid or small caps.

However, the total no. of stocks cannot exceed 30.

Due to this investment constraint, the margin of error in these schemes is very thin.

Read 19 tweets

ET Money

@ETMONEY

Nov 19

NTPC Green Energy has come up with this year’s third-largest IPO.

But much of the discussion is around its valuations.

Even though it's smaller than Adani Green Energy on multiple metrics, NTPC Green Energy’s valuations are much higher.

Is this IPO worth considering? A 🧵

We will cover 3 key aspects in this analysis.

- Understand NTPC Green’s business model

- Compare financials & valuations with Adani Green

- Looks at some key IPO details

Let’s start.

1. Business Model

NTPC Green Energy, a subsidiary of NTPC, was founded in April 2022 to manage NTPC’s renewable energy assets.

It generates renewable energy (solar, wind, etc.) and supplies it to the grid. From there, utilities (firms that supply power to consumers) or big companies buy and use the energy.

Read 16 tweets

ET Money

@ETMONEY

Nov 17

Markets tumbled in Oct, giving cash-heavy mutual funds a buying opportunity.

But, funds like PPFAS Flexi Cap & SBI Contra raised their cash holdings.

We looked at 5 such latest mutual fund trends. A🧵

Don't miss Tweet 6. It has stocks that MFs bought after steep correction.

1. Cash Holding

31 diversified equity funds in September were holding over 10% cash.

By October, this number was reduced to 25 schemes.

So, there are exceptions, but most schemes have reduced their cash holdings last month.

You can check some popular names in the table.

2. Stocks whose popularity took a hit

There are some favourite stocks of mutual fund managers.

One such name is Avenue Supermarts (DMart).

But last month, it fell out of favour amid concerns about its future growth.

You can look at more such names in the table.

Read 10 tweets

ET Money

@ETMONEY

Nov 15

Imagine 3 years ago, you invested ₹1 crore in Nifty Midcap 150.

Kept withdrawing ₹1 lakh every month via SWP.

In 3 years, you redeemed ~36% of your initial corpus.

Yet, your current investment value is ₹1.27 cr.

SWP looks amazing on paper.

But it can be problematic.🧵

Before we dive into the “real” math, here are some basics about SWP. 👇

An SWP allows you to redeem in a phased manner.

So, it averages the price at which you exit the market & helps you avoid redeeming all your investments at a market low.

In a way, an SWP is the opposite of an SIP.

SWP can be helpful for those looking for a fixed flow of income.

However, it works best for short- to medium-term debt funds.

If you use it in pure equity or long-term debt funds, you could face problems.

Reason: The fluctuations or volatility that are part of these schemes.

Read 12 tweets

ET Money

@ETMONEY

Nov 10

The last 1-year returns of Edelweiss Mid Cap Fund are phenomenal.

Scheme’s returns: 59%
Category average: 48%
Benchmark: 45%

Based on 1-year returns, it is among the top 5 mid-cap funds. But is it a consistent performer?

We reviewed its performance & strategy. 👇

Retweet the🧵to educate more investors.

Before we jump to the numbers, here is some important background.

Launched in August 2011, the fund has been rechristened multiple times.

For instance, in 2016, Edelweiss acquired JP Morgan.

And JP Morgan Mid and Small Cap Fund was merged into Edelweiss Emerging Leaders Fund.

Later, in March 2018, the merged fund became Edelweiss Midcap after SEBI re-categorisation.

While the fund's launch date is now Dec 2007 (the inception date of JP Morgan Mid and Small Cap Fund), we will focus on numbers since 2018, when the fund adopted its new mandate.

Read 17 tweets

ET Money

@ETMONEY

Nov 7

The benefits of SIPs are well-known.

However, some hard facts about them deserve more attention.

We will explore 3 such overlooked realities in this explainer. 👇

Bookmark this🧵to revisit it later.

Also, consider retweeting it to educate more investors.

1. SIP Amount Is More Important Than Returns

Say you start two SIPs of Rs 5,000 each for 20 years.

1st SIP: You invest a fixed amount and earn 14% returns.

2nd SIP: You increase the investment amount by 10% every year but make only 10% returns.

What will be the outcome?

You will create a bigger corpus in the 2nd SIP.

One can argue that the investments are higher in the second SIP. But that’s the point. Your gains can vary, and you cannot control them. So, focus on what you can control.

Read 12 tweets

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