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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
👉
👉
👉
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

Mar 13
Are markets still overvalued?

Sensex is down 13.6% since it hit an all-time high in Sep 2024.

The pain is worse in mid and small caps:
BSE Midcap: -21.4%
BSE Smallcap: -24.2%

Despite such a steep correction, markets are still not fairly valued, as per long-term data.

A🧵
To answer that, we'll analyse 4 key valuation metrics:

1. Price-to-Book (P/B) Ratio
2. Cyclically Adjusted P/E (CAPE) Ratio
3. Market Cap to GDP Ratio
4. Bond Equity Earnings Yield (BEER) Ratio

Let’s start.
1. PRICE TO BOOK RATIO

The P/B ratio compares a company's (or index's) market cap to its book value (net assets).

The lower the P/B, the cheaper the market.

So how do large, mid, and small caps look now after the recent correction?
Read 17 tweets
Mar 8
Mid-cap & small-cap stocks have seen massive corrections.

Will PPFAS MF use this opportunity to increase allocation in them?

In a recent call, the fund house addressed this question.

It also shared many more insights, which can help you in your investing journey.

A 🧵
Will PPFAS Flexi Cap increase mid- and small-cap exposure now?

The fund house is exploring opportunities but is still cautious.

Since 2017, they’ve kept mid- and small-cap exposure below 20%.

By Dec 2024, small-cap allocation had fallen to just 2.81%.
With the recent correction, they are now exploring options again.

But they still don’t think valuations have hit rock bottom.

So, they’ll be very selective while investing in this space.
Read 13 tweets
Mar 4
Market realities are changing.

What are the trends you should watch out for?

A 🧵 on 5 trends that smart investors are tracking (that you might be missing). 👇
1. Small caps appear to be in the worst shape

Markets have been weak, but the real pain is in small-cap stocks.

Check how different indices have fallen from their peak in Sep 2024:

Nifty 100: 17.4%

Nifty Smallcap 250: 26.14%

The answer to this is in their earnings.
In Oct-Dec quarter of FY25, large-cap stocks managed 6.5% revenue growth compared to last year.

Mid-caps did slightly better. Compared to last year, their revenue in Q3 grew 9%.

But small-cap stocks saw their revenue shrink by 8%—their worst quarter in years. Image
Read 17 tweets
Mar 2
Many equity schemes of Invesco MF (@invescoindia) gave stellar returns in 2024.

-Invesco Contra: 31.37% vs Cat Avg: 21.97%

-Invesco Flexi Cap: 36.51% vs 21.99%

-Invesco Focused: 44.95 vs 21.00%

What has worked for them?

Are they using some high-risk strategies? A 🧵 Image
1. Growth Investing

Fund managers of Invesco MF don’t mind high valuations if the growth potential is strong. This is clear from the high PE ratio in their schemes.

As of Dec 2024, all Invesco equity funds had P/Es above 60, while P/Es of key indices ranged between 20-40. Image
Not just December, we found this pattern throughout 2024.

Except for the large-cap fund, all schemes had a P/E above 50 throughout the year.

In contrast, the benchmark indices fluctuated between 20-40. Image
Read 15 tweets
Feb 28
Imagine having a fund that makes returns amid both rising and falling markets.

This is possible through long-short strategies, which mutual funds don’t offer.

So, SEBI is introducing Specialized Investment Funds (SIFs) for retail investors.

How will they work? A 🧵
What Makes SIFs Special?

Like mutual funds help you ride on the stock-picking skills of fund managers, SIFs let you leverage their expertise in derivatives trading.

With long-short strategies, SIFs will aim to profit in both rising and falling markets.
Think of these short calls as an insurance policy against market crashes—hedging your portfolio so you either gain or fall less when markets tumble.

Will there be categories in SIFs like mutual funds?

The answer is YES.
Read 13 tweets
Feb 26
Markets are bleeding.

Nifty 100 is down 15.35% from its peak in September 2024.

The fall in mid-cap and small-cap indices is even worse.

But even in this sea of red, a few stocks have stayed afloat.

Which are these companies? A thread. 🧵 Image
Let’s start with large-cap stocks. 

The Nifty 100 index touched its peak on Sep 26, 2024. 

Since then, 94 out of 100 large-cap stocks have delivered negative returns.

Only six are in the green, with Bajaj Finance leading the pack.

See the other 5 stocks in the table. Image
Mid-cap Universe

Only 16 out of 150 stocks have braved the market carnage.

BSE and Lloyds Metals & Energy gave 38.2% and 28.1% returns, respectively.

In fact, there are 5 mid-cap stocks that have risen more than 10%. (See table) Image
Read 5 tweets

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