When you want to be healthy, you go to a hospital.

But, for a healthy growth of your investments, which hospital stocks should you pick?

We compared the 3 biggest hospital stocks – Apollo, Max, and Fortis.

Which one deserves a spot in your portfolio? Let’s find out. A 🧵 We will cover 3 key aspects in this analysis:

- Business comparison
- Sectoral metrics
- Financials and valuations

By the end, you’ll know which stock stands out.

Manish Gunwani has changed the game at Bandhan Mutual Fund.

Under him, equity funds have bounced back, and his small-cap fund is a star performer.

Here are SEVEN insights from our podcast that could change how you invest. 🧵 Buy-and-hold doesn’t work in small caps. They are too sensitive to policy and macroeconomic changes. Therefore, one must actively manage the allocation.

𝐒𝐡𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐩𝐫𝐞𝐩𝐚𝐲 𝐲𝐨𝐮𝐫 𝐥𝐨𝐚𝐧 𝐨𝐫 𝐢𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐚 𝐦𝐮𝐭𝐮𝐚𝐥 𝐟𝐮𝐧𝐝?

Here’s some fresh perspective on this age-old question.

A 🧵 An example will make the discussion easy.

Say you have a ₹50 lakh home loan.

Interest rate = 9%

EMI = ₹44,986

You have ₹1 lakh in your pocket and confusion in your head – should I prepay or invest?

Urban Company is coming up with a ₹1,900 crore IPO.

It will be the first-of-its-kind listed business in India.

Is it worth investing in?

Let’s find out. A🧵 We will cover 5 key aspects in this analysis:

- Business Model of Urban Company
- Financials
- Valuations
- Key IPO details
- Strengths and challenges

Let’s start.

What if you only invested in companies that give the best returns?

Can you beat the markets with such a ‘Winners’ Portfolio’?

We did the maths.

₹35 lakh invested over a decade would’ve become ₹1.31 crore.

Let’s break it down. A🧵 Let’s briefly discuss what we did.

A. We looked at 35 stocks with the highest returns starting FY15

B. Invested an equal amount in them

C. We sold them after a year and invested in a new set of stocks that had the best return

D. Repeated this exercise for a decade

Can you select stocks based ONLY on the RETURNS?

To find the answer, we ran numbers.

We compiled a portfolio of stocks that yielded the highest returns each year, and invested in them.

Result?

These stocks easily outperformed the markets. A🧵 Let’s briefly discuss what we did.

A. We looked at 35 stocks with the highest returns starting FY15

B. Invested an equal amount in them

C. We sold them after a year and invested in a new set of stocks that had the best return

D. Repeated this exercise for a decade

The government has announced a major GST cut.

Earlier this year, two other major reforms were rolled out.

A. Taxes were lowered

B. Three rate cuts, reducing interest rates by 100 bps.

What do these THREE big steps signal for the economy? A 🧵 For years, private investment has been losing steam.

In FY24, the private sector’s share in total investment fell to 32.4%.

That was an 11-year low, according to the latest data from the Ministry of Statistics.

In short, companies have remained cautious about expanding.

A rental income of over 11% without owning a property.

That’s the return Small and Medium REITs (or SM REITs) aim to deliver.

And it’s possible, based on the two recent public issues of SM REITs.

But does this new asset class also carry higher risk?

Let’s find out.🧵 Before discussing risk and returns, let’s talk about two important things.

A. What are SM REITs
B. How are they different from traditional REITs

We analysed 180 funds across SIX categories.

Why? To see how proactively schemes are managed.

Here are the top 5 that prefer a ‘buy and HOLD’ approach.

And also the top 5 that ‘buy and SELL’ aggressively. 🧵 For this analysis, we looked at the turnover ratio of each fund.

It simply shows how much of a fund’s portfolio changed in a year.

A 100% turnover means the entire portfolio was replaced once during the year.

High turnover → Buy and sell

Low turnover → Buy and hold

Q1 earnings season is over.

But which companies truly delivered?

We analysed Q1 results to find the sectors with momentum and the stocks that stood out as real winners.

Here’s what we found.🧵👇 If we look at the overall picture, growth slowed.

Sales of India’s top 500 companies (excluding BFSI) rose by just 5% compared to last year. That is weaker than the previous quarter.

Profits, however, increased by 15%. Margins also improved for the 3rd quarter in a row.

Rajeev Thakkar helped Parag Parikh Flexi Cap grow 189 times in a decade.

Rs 598 cr in 2015 → Rs 1,13,281 cr today.

He has also been in the company of great minds like Chandrakant Sampat & Parag Parikh.

EIGHT quotes by him that can help you in your investing journey. 🧵 “If people with full-time jobs try to build a stock portfolio themselves, they may end up making suboptimal decisions.”

Some of the largest equity funds are sitting on massive piles of cash.

Parag Parikh Flexi Cap: 20.7%
Motilal Oswal Mid Cap: 18%
SBI Small Cap: 16.5%

Do cash calls drag down your returns?

We crunched the data. The results will surprise you. 👇🧵 First, what’s a “cash call”?

Funds always keep a small buffer, up to 1% - 2%, for redemptions. That’s normal.

But some funds may hold higher cash.

It can be because managers are unable to find stocks at preferred valuations or they want to protect downside during corrections.

Parag Parikh Flexi Cap is the most popular fund today.

We interviewed its CIO, Rajeev Thakkar.

He shared his views on:
- Where would he invest for long term
- How to spot business trends early
- How to be a better investor
- India’s growth story
- Fav books

..& much more.🧵 1. WHERE WOULD HE INVEST FOR HIS GRANDCHILDREN?

He surprised us with the answer.

He would prefer a diversified scheme or an index fund for such a long-term investment.

Reason? Businesses that look great today may not be relevant in 5 years.

Reliance’s stock commands a ₹19 lakh crore market cap.

But to buy the entire business, you’d need ₹21.6 lakh cr.

On paper, its worth is just ₹8.4 lakh cr.

Three numbers. Three very different meanings.

Here’s what every investor should know. A🧵 What is Market Value?

It tells you what the stock market thinks a company is worth today.

For example:

Reliance’s share price on 24th July is ₹1,403

It has issued 1,353 crore shares

So Market Value = ₹1,403 × 1,353 = ~₹19 lakh crore

Birla & Adani rule India's cement industry.

Now, another big business group is planning to make its mark in this competitive sector.

JSW will soon launch a ₹3,600 cr IPO for its cement arm.

It wants to increase capacity & strengthen the balance sheet.

Should you apply? A🧵 We will cover 5 key aspects in this analysis:

- Business Model of JSW Cement
- Financials
- Competitor Analysis & Valuation
- Key IPO details
- Strengths and challenges

Let’s start.

SEBI just proposed sweeping changes to mutual funds.

These will make mutual funds easier to understand and safer to invest in.

Here are the 8 big changes that could redefine mutual funds as we know them.🧵👇 Over time, mutual funds have gotten a little crowded.

Funds with different names often ended up doing the same thing. And for the average investor, navigating this landscape is a nightmare.

SEBI noticed and is now stepping in to fix it.

Here’s what it proposes to change.👇

Small-cap funds have been investors’ favourite.

But each scheme has a distinct style.

Nippon Small Cap: Diversified Portfolio + downside protection

Bandhan Small Cap: Bull-run performer + high cash calls

Which one suits you the best? We analysed them all.

A🧵 We analysed every small-cap fund across 6 key dimensions:

-Allocation to small-cap stocks

-Frequency of buying and selling

-Portfolio diversification

-Cash exposure

-Bull market performance

-Performance during tough times

Here’s what we found.👇

Elon Musk doesn’t take a salary. He doesn’t sell stock when he needs cash.

He borrows against his assets to let his wealth compound.

This isn’t just a billionaire playbook.

Even retail investors can do something similar with mutual funds. A 🧵 People often look to redeem their mutual fund investments when they need money for emergencies, big-ticket purchases, or to settle short-term liabilities.

But this could be one of the costliest financial decisions you’ll ever make.

Why? 👇

Mutual fund SIPs are often seen as the perfect investing tool.

But simplicity doesn’t always translate to complete understanding.

In a conversation with ET Money, @KalpenParekh of @dspmf shares key insights on mutual funds and investing that many investors overlook.

A 🧵 1. There’s always a bull market, either in NAV or in units.

Most people celebrate rising NAVs.

But there’s another kind of bull market investors overlook. One where you accumulate more units when NAVs fall.

₹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.

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 🧵 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.