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Ok, these mutual fund star ratings are blowing my mind & driving me mad! I checked the popular ratings & the differences & update frequencies etc are just crazy & utterly stupid!

@ValueResearch has suspended ratings for Franklin but not UTI, NIPPON, ABSL

1/17
@PaytmMoney is showing CRISIL ratings last updated in September 2018
I've no clue about @in_morningstar's update frequency.

In fairness @primeinvestorin warned about the Vodafone risk but the funds still had high ratings. No clue how that works
primeinvestor.in/2019/11/18/vod…

2/17
No clue about how @FundsIndia ratings work. Here are the ratings of the funds from Franklin India and UTI. The differences are just mindboggling. 👇

3/17
VR - Rating suspended
M* - 5 stars/Gold
Prime investor - 4.5
CRISIL - 2 star
FundsIndia - 2 star

Franklin credit risk fund
VR - Rating suspended
M* - 5 star/Gold rated
Prime investor - 4.5
CRISIL - 3 star
FundsIndia - 5 star

4/17
Franklin dynamic accrual
VR - Rating suspended
M* - 5 star
Prime investor - 4
CRISIL - 4 star
Fundsindia - 5 star

Franklin short term income
VR - Rating suspended
M* - 5 star/Silver
Prime investor - 3.5
CRISIL - 2 star
FundsIndia - 2 star

5/17
Franklin income opps
VR - Rating suspended
M* - 5 star/Silver
Prime investor - 3.5
CRISIL - 3 star
FundsIndia - 5 star

Franklin low duration
VR - Rating suspended
M* - 5 star/Silver
Prime investor - 3
CRISIL - 3 star
FundsIndia - 2 star

6/17
UTI credit risk
VR - 2 star
M* - 4 star
Prime investor - 3.5
CRISIL - 3 star
FundsIndia - 1 star

UTI bond
VR - 1 star
M* - 2/Bronze
Prime investor - 1.5
CRISIL - 1 star
FundsIndia - 1 star

7/17
What the hell? If the same fund is rated 1,2,34,5 by different analysts, how will an investor make a decision.?Although, they shouldn't be basing their investment decisions based on these ratings in the first place. But the ironic reality is these star ratings and

8/17
platform recommendations are the single biggest factor influencing investing decisions. I see it first hand day in and day out. I am pretty sure, there are like a bunch of MBA interns running an excel macro on past returns and assigning a ratings to debt funds.

9/17
To these star raters, if you believe in karma, please stop this now! Or better yet, put a freaking disclaimer next to each rating as to how investors should use them, that's not hard is it. You guys make a boat load of money from these platforms, this ain't hard is it?

10/17
The irony is that, there have been 100s of defaults & downgrades since the IL&FS crisis broke out and these dumbass star raters haven't woken up!! Although people shouldn't be, they are investing their life savings based on your ratings, please, please do something!

11/17
Without looking at the credit quality and other factors. It's plainly obvious in most cases - higher YTMs = higher ratings. Don't even get ne started on all the stupid recommendations on MF platforms. I only know 2 platform which reveal how they selected the funds.

12/17
Other platforms just list a bunch of random top performing funds and shout like morons that we've made investing easier for investors. No you morons, you haven't! And then the disingenuous behaviour. When the IL&FS crisis hit funds, Paytm money was recommending

13/17
Tata Money Market fund as a better than FD alternative. It fell 5-6% in a couple of weeks. 1 year return gone in a week! The fund was silently replaced with no communication. BOI AXA credit risk fund which fell like 40%-50% was sold heavily too by other platforms/banks.

14/17
Now to the investors,
What stuck me as funniest thing in this credit episode is that credit risk funds actually saw credit risk, as the name implies and investors lost their minds? 🤣

What did you expect, people?! The sweet irony is that people like @FreeFinCal
15/17
have been shouting about the dangers of picking funds solely based on star ratings for years now, but these moronic investors don't listen.
freefincal.com/why-star-ratin…
I'm not able to understand how anyone can base their investing decision based on a single flawed data point.

16/17
Now finally, if you are reading this tweet and are about to post a comment that this shows why "advisor zaroori he" don't bother. Stay away!

17/17
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