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Jul 15, 2020 14 tweets 6 min read Read on X
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!! Image
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
👉
👉
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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

Jul 5
₹4,843 crore: These are the profits Jane Street allegedly made by quietly rigging the Indian markets, per SEBI.

Jane Street resorted to sophisticated methods of manipulation and rigging.

They made a profit of ₹36,502 in little over two years.

Here’s what happened. 🧵
First, let’s understand index options.

Think of it like a game of luck.

You bet ₹2 that Bank Nifty will cross 49,000 by 3:30 PM on Thursday.

If Bank Nifty ends at 49,001, you hit a jackpot. If it ends at 48,999, you lose the entire ₹2.

Just one point can flip your fortune.
The “target” you bet on (49,000) is referred to as the strike price.

If the index ends above it, your bet is said to be “in the money”, and rewards can be huge.

If the index ends below, your bet is “out of the money” and it’s worthless.

You either win big or lose it all.
Read 21 tweets
Jul 2
Everyone likes Warren Buffett, but only a few apply his teachings.

He believed time rewards great businesses and punishes the weak.

So we built a Buffett-style filter and tested it on Indian stocks.

The result might surprise you. A 🧵 Image
Buffett categorises businesses into Great and Gruesome.

One builds wealth over decades. The other burns capital endlessly.

Understanding the difference is crucial to achieving long-term investment success.
What are Great Businesses?

According to Buffett, these are compounding machines.

They earn high returns on capital, generate strong cash flows, hold pricing power, and stay ahead of competitors for years.
Read 17 tweets
Jun 27
A company barely made ₹42 cr in core profits. But it still reported ₹351 cr in net profit.

That’s an 8x jump. What’s going on?

This Zomato (Eternal) case teaches a crucial investing lesson:

Investors need to look at net profits and EBITDA differently.

Let’s break it down🧵
EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortisation.

It tells you how much a company earns from its core operations.

What are core operations?

These are business activities that generate revenues.

For Zomato, that includes food delivery, groceries, and more. Image
To get EBITDA, you subtract core expenses from revenue.

In our earlier example, core expenses for Zomato include delivery partner payouts, employee salaries, tech costs, and restaurant commissions, among others.

Check the image to see how you can calculate Zomato’s EBITDA. Image
Read 15 tweets
Jun 21
Silver recently crossed the ₹1 lakh mark in India.

Is the rally over? Or are we just getting started?

We analysed 7 key drivers of silver prices to find out.

Let’s dive in. A 🧵
1. Supply & Demand

Like any commodity, silver’s price is shaped by the forces of supply & demand.

Its supply comes from mining and recycling.

However, its demand is far more diverse, including jewellery, coins and industrial applications like electronics and solar panels.
Per the Silver Institute, since 2021, silver has consistently seen demand outstrip supply.

In 2025, demand is expected to be 1,148 million oz vs. supply of 1,031 million oz—a deficit of 118 million oz.

It is largely due to booming industrial use, especially in solar panels. Image
Read 19 tweets
Jun 18
You bought a stock as its profits were rising.

But even after strong earnings, the stock price crashed.

What went wrong? The answer wasn’t in the income statement.

It was hiding in the cash flow statement.

Here’s a breakdown of how to read it the right way. A🧵 Image
A company can post strong profits and still be short on cash.

Reason: The income statement is based on the accrual method. This means sales are recorded as soon as a deal is made, even if the customer hasn’t paid yet.

Check an example.
Let's say a company sold goods worth ₹1 lakh to a customer.

The customer paid ₹50,000 in cash and promised to pay the remaining later.

The income statement will reflect the complete ₹1 lakh.

The actual cash received will be reflected only in the cash flow statement.
Read 15 tweets
Jun 15
PPFAS Flexi Cap vs HDFC Flexi Cap

Both are extremely popular (the two biggest Flex Cap schemes).

Both have created immense wealth for investors.

And both have experienced fund managers with a solid track record.

Which one should you pick? A 🧵 Image
Let’s start with returns.

Over the long haul, the PPFAS scheme comes out on top.

3-year & 5-year returns: HDFC Flexi Cap has beaten PPFAS Flexi Cap.

A key reason for this is the turnaround in HDFC Flexi Cap’s performance post 2020.
The fund’s performance wasn’t stellar before 2020, as it had leaned towards out-of-favour PSU stocks for a long time.

Post-2020, the market cycle turned. PSUs rallied & the fund’s fortunes changed.
Read 17 tweets

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