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ET Money

@ETMONEY

Jul 15, 2020 • 14 tweets • 6 min read • Read on X

@ETMONEY

Super proud to announce that @ETMONEY leads the way in the #MutualFund industry. Corners a whopping 28% market share of net equity sales in the month of June.

When you stay true to your customers, success always follows!!

For more details, visit our blog: etmoney.com/blog/etmoney-l…

What added to the cheer was that we played a pivotal role in ensuring money was invested in categories made for long-term investing, not flavor of the season

In #LargeCap & #MultiCap funds, which are a core holding for investors, we had positive net sales of ₹25+ crores while the industry inflows were negative ₹1,000 crores

We accounted for nearly 14% of total net sales in the entire #MidCap category. Out of ₹36.70 crore net sale of the industry, we contributed ₹4.9 crore

#HybridFunds are usually the best bet during volatile times like now. We had a net positive sale in these funds while the industry was in deep red with -₹3,000 crore net sales

Our contribution to the #GiltFunds sale was minuscule & we are happy about it. That's because the recent good return on this category is driving the inflows. And that's not the reason to invest in a category

We were able to pull this off thanks to robust growth in our #SIP book, and less than industry SIP cancellation rates. While the industry had -3% m-o-m change in SIP inflows, we had a +1% growth

This wasn't a coincidence but a result of our deep commitment to help Indians make the right investing decisions. And here is what we did post the big market crash of March

As the markets crashed, we asked our users what their concerns were. We then got CEOs of top AMCs to answer those questions. This as the country was being put under lockdown
👉
👉
👉

Once the initial panic subsided, and uncertainty faded off, we continued hand-holding users through blogs, videos, and our Quora community
👉etmoney.com/blog
👉youtube.com/channel/UCxv9T…
👉quora.com/q/allaboutmoney

We also understood it is only human to get swayed by emotions & make decisions that might hurt long term goals. So before our users hit the final redemption or SIP cancellation button, we gave them options that they could go for rather than canceling

All this wouldn't have been possible without the efforts of our teams across #product, #marketing, #operations, and #customersupport. A big shout out to them🙌

Lastly a special mention to our #engineering team for sweating it out and making all of it possible by building industry-leading and highly helpful features on the app

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More from @ETMONEY

ET Money

@ETMONEY

Feb 20

ICICI Pru Bluechip Fund has beaten the Nifty 100 across different periods.

It is also the biggest large-cap fund.

Lately, it has gained traction amid valuation concerns in mid-cap & small-cap stocks.

So, we reviewed its performance & strategies. A 🧵

In this analysis, we will cover 3 key aspects:

-Performance (SIP, calendar year, and rolling returns)
-Ability to protect losses during tough times
-Stand-out investment strategies

Let’s start. 👇

SIP RETURNS

An SIP in ICICI Pru Bluechip delivered 15.4% returns over the last 15 years.

So, a monthly SIP of ₹10,000 would have grown to nearly ₹65 lakh.

Nifty 100 would have delivered a 13.9% return, turning the same SIP into nearly ₹57 lakh.

Read 16 tweets

ET Money

@ETMONEY

Feb 13

India’s 64-year-old Income Tax law is getting a complete makeover.

A new Bill promises a simpler and more modern tax system.

There are 6 big changes. Let’s have a look. 🧵👇

Before discussing the changes, let’s first talk about what has NOT changed.

The old tax regime is NOT being abolished.

You can still choose between the old & new regimes.
And no new taxes are being introduced.

The bill is about simplification, not increasing your tax burden.

1. INTRODUCTION OF "TAX YEAR"

Currently, we have two separate terms—"Previous Year" and "Assessment Year."

The Previous Year (PY) is when you earn your income.
The Assessment Year (AY) is the year after that when you file taxes.

This often confuses people.

Read 14 tweets

ET Money

@ETMONEY

Feb 12

Hexaware Technologies is making a comeback to the Indian stock markets with a massive ₹8,750 crore IPO.

This is the biggest IT services listing since TCS in 2004.

Should you consider subscribing?

Let’s find out🧵

Hexaware was delisted in 2020 by its previous owner, Baring PE Asia.

A year later, Carlyle Group acquired the company.

Now, Carlyle is taking it public again.

We will discuss 4 key aspects in this analysis:

-Business model
-Financials & valuations
-Key IPO details
-Key challenges

Let’s start. 👇

Read 13 tweets

ET Money

@ETMONEY

Feb 8

Stock splits and bonus issues both increase the number of shares you own.

But why does a company choose one over the other?

And what does it mean for investors?

We break it down. A🧵

Let’s start with stock splits.

A stock split is when a company divides its existing shares into smaller units.

Mathematically, this should lower the price of each share but keep the total value of your holdings unchanged.

It is like taking a ₹200 note and exchanging it for two ₹100 notes.

You still have the same amount of money, but now in smaller denominations.

Let’s break it down with an example.

Read 19 tweets

ET Money

@ETMONEY

Feb 7

The RBI just slashed the repo rate by 25 bps to 6.25%—the first rate cut in nearly 5 years.

But buried in the announcement were 3 important updates no one is talking about.

Let’s break them down. 🧵👇

1. RBI’S BOND TRADING PLATFORM MADE ACCESSIBLE

The RBI and the government have been trying to expand India’s bond market for years.

Both have taken several measures to increase retail investor participation.

In Nov 2021, for example, RBI launched the Retail Direct platform.

In May 2024, they offered this service through an app, making it easier for investors to buy government bonds straight from their phones.

Now, the central bank is taking it a step further.

Read 9 tweets

ET Money

@ETMONEY

Feb 3

Taxable income: Rs 12 lakh → Tax: Rs 0

Taxable income: Rs 12.1 lakh → Tax: Rs 61,500

It would be unfair if you lose a lot in taxes for earning slightly more than Rs 12 lakh.

That’s why there is marginal tax relief.

What is it? How does it help? A🧵

First, some basics.

Your income tax is calculated slab-wise.

For example, say your taxable income is Rs 12.1 lakh.

You won’t pay a flat rate of tax on this.

Here’s how the tax is calculated. 👇

Here’s how your tax will be calculated:

Rs 0-4L: You pay zero tax

Rs 0-8L: Pay Rs 20,000 (5% of Rs 4 lakh)

Rs 8-12L: Pay Rs 40,000 (10% of Rs 4 lakh)

Rs12-15L: Pay Rs 1,500 (15% of Rs 10,000 lakh)

If you add all this, your total tax is Rs 61,500.

Isn’t it unfair?

Read 9 tweets

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