NPS matures when you turn 60. You can withdraw up to 60% tax-free. With the remaining 40%, you must buy an annuity plan, which gives you a lifelong pension. But how much pension can you get? What’s the rate of return? Is it a good deal? A detailed 🧵on annuity calculations.

Who buys lavish apartments for Rs 10-20 CRORES? You may be aware of their names through news reports. But what you may not know is the trick they use to buy those houses. So what is it? Sell equities, use the gains to buy a property and pay ZERO tax. A detailed 🧵

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🧵

NPS Regulator .@PFRDAOfficial will soon allow systematic withdrawals. It means you will be able to withdraw a fixed amount every month from NPS after retirement. The best part: These withdrawals will be tax-free. We crunched data to see how it can benefit you. A thread🧵

PPF matures after 15 years. But what happens after that? You get three options. (See image) But each option has some rules. Even bank employees and post office staff may not tell you these. Let’s discuss them in detail to find out which’s best for you. A thread 🧵

If returns are the same, how do you choose a fund? Example: ICICI Pru Bluechip Fund: 42% Taurus Large Cap: 45% Both schemes have similar one-year returns. But which one is better? Let’s compare them on 5 parameters to get the answer. A🧵

Nippon India Small Cap fund has 193 stocks. And it’s a topper in its category. Traditionally, over-diversification is considered a bad thing. But some funds are bucking this trend. (See image) Let’s deep dive to understand the ‘why’ and ‘how’ of this. A 🧵

Your HR will soon ask: Old Regime or New Regime? After Budget 2025, the New Regime looks like the obvious choice. However, for some taxpayers, the Old Regime can still make sense. How will you decide? Let’s break it down. 🧵

No easy hacks. No wisdom from books. No quotes from legendary investors. Just 10 simple rules to take control of your finances: Net worth rule Rule of 72 Rule of 70 100-Age Rule 50-30-20 Rule 6X Rule 20X Term insurance 40% EMI Rule 25X Retirement Rule 10% hike rule A 🧵

You must have heard this many times. Invest in equities for the long term. But what defines long-term? Is it 5 years, 7 years or 10 years? We examined the data for the past 24 years to answer this question. (The answer is in Tweet 3, with reasons 👇) A thread 🧵

Parag Parikh Flexi Cap has a proven track record. But it has no exposure to exciting sectors like: Railways Defence Infra Renewable energy EV Rajeev Thakkar, CIO of @PPFAS Mutual Fund explains why. He also shares why PPFAS doesn’t have a small-cap fund. A 🧵

Two fund houses with a massive fan base: 1. @PPFAS Mutual Fund 2. @quantmutual Both now manage over Rs 60,000 cr of investor money. But their investment philosophy & styles couldn't be more different. We dissect their strategies & see how investors can benefit from both. A🧵

Many investors believe that SIP is the best #investment strategy. It can earn them higher returns. The logic: It averages the purchase price. But this is not entirely true. SIP may not necessarily fetch you better returns. And it’s NOT an investment strategy. A 🧵

PPFAS Flexi Cap took a fresh bet on Bharti Airtel last month. Nippon India Multi Cap added ITC to its portfolio. Motilal Oswal Mid Cap entered Zomato. Again. We dived into portfolios of 5 popular schemes across categories. Here are some of the key takeaways.🧵

How unlucky can you get in mutual funds? You would still be luckier than FD & RD investors. Here are 10 so-called ‘worst-performing’ equity funds. You would have still made an inflation-beating 9%.

You take a Rs 1 lakh loan at 14% p.a. for 1 year. How much interest will you pay? Hint: It’s not Rs 14,000. It’s Rs 7,745 (explained later). Yes, this is how complicated banking products can be. There’s always more than what meets the eye. A🧵on how numbers can fool you.

A lot of action happened in the popular schemes in June. .@PPFAS Flexi Cap doubled down on Bharti Airtel, while HDFC Flexi Cap sold it. Motilal Oswal Mid Cap cut cash from 31% to 17%. We dive into the major changes popular funds made to their portfolios last month. A 🧵

Most of us want to invest in the “best” fund. Not even the 2nd best or the 3rd best, but the absolute best. But even investing in the ‘worst’ funds isn’t that bad. You would have made ~12.5% returns if you invested in the WORST FUNDS of the last 10 years. A thread🧵

The benefits of SIPs are well-known. However, some hard facts about them deserve more attention. We will explore 3 such overlooked realities in this explainer. 👇 Bookmark this🧵to revisit it later. Also, consider retweeting it to educate more investors.

Since the Budget, Sovereign Gold Bonds (SGBs) have fallen up to 10%. Reason: Customs duty reduction on gold (from 15% to 6%). Sentiments changed. Earlier, investors believed SGB was the way to invest in gold. Now, many think it’s the worst investment. Is that really the case? A🧵

NIFTY 50 has given ~16% return in the past 6 months. But is the rally driven by fundamentals or sentiments alone? We looked at 4 different valuation metrics to find out if markets are overvalued right now. The result: You need to be cautious. A thread 🧵

Flexi Cap funds can be exciting. They can invest 100% in large-caps, or mid-caps, or small-caps, depending on mood of the market. But, surprisingly, they prefer to remain mostly in large-caps. (See image) Can it impact your Portfolio returns? We did a detailed analysis. A 🧵

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.🧵

Currently, there are 27 small-cap funds. Collectively, they have invested in 518 small-cap stocks. We searched for the most popular ones and identified 7 stocks held by at least 15 funds. Let's take a quick look at them. 1) Brigade Enterprises No. of small-cap schemes invested in the stock: 17 The top 3 schemes that have the highest allocation in this company: Axis Small Cap Fund SBI Small Cap Fund Franklin India Smaller Cos Fund 2) Blue Star No. of schemes invested: 15 The top 3 schemes that have invested in it: SBI Small Cap Fund Axis Small Cap Fund Kotak Small Cap Fund 3) Cyient No. of schemes invested - 15 The top 3 schemes that have invested in it: Kotak Small Cap Fund DSP Small Cap Fund Nippon India Small Cap Fund 4) Multi Commodity Exchange Of India No of schemes invested: 15 The top 3 schemes that have invested in it: Nippon India Small Cap Fund Canara Rob Small Cap Fund Axis Small Cap Fund 5) Krishna Institute of Medical Sciences No of schemes invested: 15 The top 3 schemes that have invested in it: SBI Small Cap Fund HDFC Small Cap Fund Axis Small Cap Fund 6) JB Chemicals & Pharmaceuticals No of schemes invested: 15 The top 3 schemes that have invested in it: Axis Small Cap Fund Franklin India Smaller Cos Fund Nippon India Small Cap Fund 7) Birlasoft No of schemes invested: 15 The top 3 schemes that have invested in it: Axis Small Cap Fund HSBC Small Cap Fund Nippon India Small Cap Fund Note: These stocks are not recommendations. If you are looking for good small-cap stocks to invest in, use this list as a starting point for your research.

PPFAS Flexi Cap manages over Rs 60,500 cr. Its AUM has grown nearly 35 times in the last 5 years. But, many investors now worry that performance might suffer due to its colossal size. Does this really happen? Is there a link between size and performance? A 🧵

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. 🧵

Parag Parikh Flexi Cap (@PPFAS) has further increased its cash exposure in April. What are other funds doing? We dug into the portfolios of PPFAS Flexi Cap and 3 other popular equity schemes: -ICICI Pru Bluechip -Nippon India Small Cap -HDFC Mid-Cap Opportunities A 🧵

3 BIG changes in health insurance from Apr 1, 2024: 1. No disputes in claims after 5 years of policy coverage 2. Shorter waiting period for pre-existing and specified illnesses 3. No age limit to buy health insurance Details in the thread. 🧵

SBI vs Nippon Vs Quant Small Cap: Which is better? We have analyzed the performance and strategies of these 3 popular funds. Here’s a thread🧵to help you choose the right one. 👇

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🧵

NIFTY 50 has surged past the 20,000 level. What’s next? No one knows. Markets may fall. Markets may rise. The best investment strategy, therefore, is to continue investing. Why do we say this? We analysed data. And this was the conclusion. Check our findings. A thread 🧵

After Harshad Mehta, Ketan Parekh is the king of stock market scams. His latest con is a Netflix-worthy thriller. SEBI tracked phones, checked hotel & airline bookings, and investigated for 30 months to expose this scam. Retweet the 🧵 to inform more investors.

Flexi Cap funds have a lot of freedom. But each has a distinct style. @PPFAS Flexi Cap: Value-focused + bold cash calls JM Flexi Cap: Aggressive, prefers mid & small caps HDFC Flexi Cap: Steady performer + large-cap heavy So, which one fits you the best? Let’s find out. A🧵

Say you invest every month in a pure equity portfolio. Alternatively, you invest 70% in equity & 30% in debt. Then, rebalance every year. In the last 15 years, the equity portfolio would have done better. Yet, you are better off picking the 2nd portfolio. Wonder why? A 🧵

Funds that usually fall less during corrections tend to do well over the long term. Parag Parikh Flexi Cap is a good example of this. But how do you pick funds like PPFAS Flexi Cap in other categories? Here’s the framework and a list of 8 similar funds across categories. A🧵

BREAKING NEWS Many small-cap and mid-cap funds may restrict SIP and lumpsum investments. They may also limit how much you can withdraw. Reason for all this? SEBI wants fund houses to stay alert amid crazy inflows to small-cap schemes. More details are in the thread. 🧵

Parag Parikh Flexi Cap is the 2nd largest actively managed equity fund. Will its growing size be a problem? What will be its strategy hereon? How does @PPFAS look at stocks like #ITC & HDFC Bank? The fund house recently discussed all this with their unitholders. Details in🧵

PPFAS Flexi Cap reduced exposure to small caps last year. However, HDFC Flexi Cap & JM Flexi Cap played it differently. Both have raised their allocation in small-cap stocks. Let’s dive into the investment strategies of these 3 most popular Flexi Cap funds of 2024. A 🧵

NPS has been evolving fast. Since 2018, @PFRDAOfficial has tweaked it more than 40 times. But 5 KEY changes stand out. They make NPS the NUMBER ONE choice for tax-saving and retirement planning. A 🧵

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 🧵

For the first time in 31 years, Bajaj Group is coming up with an IPO. Will Bajaj Housing Finance be a multi-bagger like Bajaj Finance? We will check the company’s fundamentals. And also explore the concerns around its high valuations. Retweet 🧵 to educate more investors.

. .@PPFAS Flexi Cap Fund just made a notable addition to its portfolio. The fund picked up over a 7% stake in Zydus Wellness. It’s the company behind brands like Glucon-D, SugarFree, Complan, and Nycil. Here are 4 reasons why this FMCG stock is worth a closer look. A🧵

For the first time in 20 years, FMCG stocks are crashing in a falling market. Why are they struggling? A 🧵

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🧵

Nearly 5.5 crore taxpayers have reportedly switched to the New Tax Regime. Do they have any options to save tax? Not really. Almost all the popular tax-saving hacks are available in the Old Regime. Nonetheless, there are a few options. (See image) Details in thread 🧵

The biggest IPO of 2025 opens tomorrow (Jun 25, 2025). HDB Financial Services (a subsidiary of HDFC Bank) is raising ₹12,500 crore. Is this another blockbuster like HDFC AMC? Or a mediocre bet in a crowded NBFC space? Let’s break down. A 🧵

Imagine 3 years ago, you invested ₹1 crore in Nifty Midcap 150. Kept withdrawing ₹1 lakh every month via SWP. In 3 years, you redeemed ~36% of your initial corpus. Yet, your current investment value is ₹1.27 cr. SWP looks amazing on paper. But it can be problematic.🧵

RBI just announced the BIGGEST banking reforms in 10 years. They are so significant that even stock markets bounced back today, after a 2-week slide, led by banking stocks. Let’s break down the 7 key policy changes.👇🧵

Invest Rs 50,000 annually in NPS. And you can create a retirement corpus of Rs 1 - 1.5 crores in 30 years. You can also reduce your taxable income considerably by investing. A thread🧵on the most important aspects you need to know about the NPS.

Budget 2025’s Big Announcement: If your taxable income is up to Rs 12 lakh per year, you pay ZERO tax. But then, why do we still see tax slabs below Rs 12 lakh? What is the use of these slabs? How does it impact you? A 🧵 #Budget2025

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. 🧵👇

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🧵

For govt employees, #NPS could change forever. Courtesy, a move by the Andhra Pradesh (AP) govt. The state plans to bring a GUARANTEED PENSION SCHEME for its employees using NPS. Reportedly, this move has prompted the Central govt. to look into the AP model. A 🧵

Toppers in different categories by 1-year returns: - Mid Cap: Motilal Oswal Midcap - Large & Midcap: Motilal Oswal Large & Midcap - Flexi Cap: Motilal Oswal Flexi Cap What has worked for @MotilalOswalAMC? We dug into their portfolios & found 4 fascinating insights. A 🧵

FDs are a great choice for short-term goals. But there are alternatives that can give better returns. Here are 4 options. A 🧵

Today, RBI has come up with 4 BIG updates that hardly anyone is discussing. These changes can have a direct impact on your finances. So, let’s dive in. 1. You Can Authorise Someone Else To Make UPI Payments From Your Bank Account The RBI governor proposed introducing a new feature called "Delegated Payments" for UPI. How will this help? This allows a primary user (you) to authorize a secondary user (like a family member) to make UPI transactions using your bank account. You can set the limit for these transactions. This way, the secondary user doesn't need a separate bank account linked to UPI. So, this can be a convenient way to manage digital payments within families, making it easier and safer for everyone. Use Case: Children can pay school or college-related expenses from their parents’ bank accounts. Some senior citizens can also authorise their kids to make certain payments on their behalf. 2. Cheques Are To Be Cleared Within A Few Hours Now Right now, the Cheque Truncation System (CTS) takes up to two days to process cheques. CTS is a process used by banks to clear cheques electronically. Instead of physically moving the cheque from one bank to another, CTS involves scanning the cheque and transmitting its image and related information digitally. This speeds up the clearing process. RBI has announced measures to ensure continuous cheque clearing under the Cheque Truncation System (CTS). Once implemented, cheques would be cleared within hours of submission instead of the two days currently required. 3. Public Database To Spot Illegal Lending Apps Many unethical digital lending apps claim they are regulated by the RBI. These apps cause all sorts of problems, including data privacy issues, charging high interest rates, and unfair ways of getting money back. RBI has proposed a solution for this. The central bank will create a public repository of verified digital lending apps (DLAs) associated with RBI-regulated entities. Regulated entities will report their apps to this public repository, which will be available on RBI’s website. It will be updated regularly as new apps are added or old ones are removed. 4. Increase In UPI Limit For Tax Payment UPI is super popular for payments because it’s so easy to use. Right now, you can only transfer up to ₹1 lakh at a time. Based on the various use cases, the central bank has periodically reviewed and enhanced the limits. For instance, RBI has increased this limit for certain uses, such as buying stocks, IPOs, loan collections, insurance, medical, and education payments. Now, RBI has added tax payments to this list. RBI has decided to up the limit for tax payments through UPI from ₹1 lakh to ₹5 lakh per transaction. What do you think about these proposals? Do share your take in the comments.

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 🧵

Markets tumbled in Oct, giving cash-heavy mutual funds a buying opportunity. But, funds like PPFAS Flexi Cap & SBI Contra raised their cash holdings. We looked at 5 such latest mutual fund trends. A🧵 Don't miss Tweet 6. It has stocks that MFs bought after steep correction.

What’s been the best wealth creator over the last 30 years? This heatmap by Geojit Insights shows how PPF, FD, Gold, Silver & Equity performed since 1995.

Zerodha has started its journey as a fund house. It offers 2 schemes tracking NIFTY LargeMidcap 250 Index. (See image) But why this index? It blends the best of large- and mid-caps. We decided to check if this index has made money for investors. Here’s what we found. A🧵

Last week, some BIG changes were rolled out in 3 savings schemes: - PPF - Senior Citizen Savings Scheme (SCSS) - Post Office Fixed Deposit Some of these changes bring cheer But a few are also unsettling, especially the one in FDs. Let’s look at them in detail. A 🧵

HDFC AMC makes a ₹70 net profit from ₹100 sales. Bharti Airtel makes ₹21.6, Reliance just ₹7.5, and Zomato only ₹2.6. Why such a huge gap? The secret lies in Gross, Operating & Net margins. Let’s break down how profits really flow across industries. A🧵

We put a lot of effort into creating such informative threads. So, if you find this useful, show some love. ❤️ Please like, share, and retweet.

The latest Sovereign Gold Bond (SGB) issue is here. You can get 1 gram (or 1 unit) of SGB at Rs 5,873. Typically, you get old SGBs (traded on stock exchanges) cheaper than the new issue. But this time, the fresh issue looks like a better deal. A thread 🧵

EPF vs NPS ₹1 lakh invested in EPF five years ago would be worth ~₹1.49 lakh today. The same amount in NPS would be ~₹1.72 lakh. So, is NPS the better retirement product? Let’s find out. 🧵

Popular mutual funds exited some of their long-term bets in July. .@PPFAS Flexi Cap → Exited Motilal Oswal Fin Services after holding it for ~4 years. Motilal Oswal Mid Cap → Exited Phoenix Mills after more than 5 years. What moves did other popular funds make? A 🧵

#OneMoreChance #ContestAlert Didn’t win the iPhone? Well, you have a chance to win a Rs 10k #Amazonvoucher. All you need to guess what will be the monthly price for #ETMoney Genius membership. This is contest is ONLY on Twitter. Steps and T & Cs below👇👇

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🧵

SEBI is concerned about Small Cap funds. Their inflows are on the rise while stock valuations turn expensive. Redemption pressure can make things ugly if markets fall. SEBI is taking measures to avoid this. But you must also keep a check on your fund. A 🧵on how to do it.

The govt has increased the capital gains tax. But there are 3 SMART and LEGAL ways to save tax on equities, gold and real estate. Retweet and share this thread 🧵 to educate more investors. ⇒ SECTION 54 If you have long-term capital gains from selling residential house properties, Section 54 can come in handy for you. Say you are buying a house today for Rs 50 lakh. You sell it after 5 years (on Aug 30, 2029) for Rs 80 lakh. Your capital gains will be Rs 30 lakh. These profits will be considered long-term capital gains as you sell after 24 months. How much tax will you pay? You will pay 12.5% of your gains. This will be Rs 3.75 lakh (12.5% of Rs 30 lakh). Now, say you buy another house for Rs 1 crore after a few days. Your tax outgo will be zero, thanks to Section 54E. But there are some conditions that you need to follow. 1. You need to invest in a new residential property To avail of the exemption, you have to invest the sale proceeds in another residential house property in India (let’s call it the ‘new asset’ to simplify things). You cannot use it for other things like buying land outside India or for commercial purposes. 2. There’s a timeline to buy this New Asset Construction: If you're constructing a new property, it must be completed within 3 years from the sale date of the old asset. Purchase: If you're buying a new property, it must be done within 2 years from the sale date of the old asset. Prior Purchase: You can also claim the exemption if you bought a residential property up to 1 year before the sale of the old asset. 3. You can park the proceeds in the CGAS account If you don’t reinvest the total amount from selling an old asset to buy a new one, you need to pay capital gains tax on the portion not reinvested. What can you do to claim an exemption on this remaining amount? You can open a CGAS account with a bank. And park the remaining proceeds in that account. The deposit can stay in the account until you find a suitable property to purchase or construct. This must be done before the due date to furnish the tax return for the financial year in which the sale occurred. 4. You can invest in two house properties Tax exemption can be availed for TWO residential properties, but only if the capital gain is less than 2 crores. However, this option is available only once in a lifetime. What if the capital gain exceeds 2 crores? Then, the exemption can be availed for only ONE residential house property purchased or constructed in India. 5. There’s a limit on the tax exemptions you can claim The limit is up to Rs 10 crore. An example will make this point clear. Say you sold your investments for Rs 20 crores. You buy a property for Rs 20 crores. You will get tax exemption only on the first Rs 10 crores. For the remaining Rs 10 crores, you have to pay tax. 6. Exemption comes with a 3-year lock-in period on the new asset After purchase, you must remain invested in the house for at least 3 years. You cannot just sell the house and moonwalk away. If you sell the house before the 3 years, you will need to pay the tax, penalty and interest on the LTCG from the date of the sale. ⇒ SECTION 54EC In the case of LTCG from the sale of land, building, or both, Section 54EC provides an exemption if the taxpayer invests the sale proceeds in bonds issued by 4 entities: National Highways Authority of India (NHAI) Rural Electrification Corporation (REC) Power Finance Corporation (PFC) Indian Railway Finance Corporation (IRFC) Like Section 54, there are certain conditions that you need to keep in mind to avail of the exemption under Section 54EC. 1) Investments need to be done within six months from the date of sale 2) Maximum investment in these bonds with respect to a financial year is capped at Rs 50 lakh 3) While the amount you invest in these bonds can be used to reduce your tax, the interest you get from these bonds is taxable 4) You cannot transfer, convert, or use the bonds as collateral for loans or advances for a period of 5 years from the date of acquisition 5) Investments in these bonds can be redeemed only after 5 years ⇒ SECTION 54F This section deals with exemption from long-term capital gains on sales of all kinds of capital assets (including shares and mutual funds) except residential houses. For residential houses, what applies is Section 54, which we have already discussed. Under this section, there are also a few things that you must know to get tax benefits. 1. You must utilise the entire corpus you receive, not just profits Suppose you had invested Rs 50 lakh in stocks. And you made a gain of Rs 40 lakh after 5 years. You must use the entire Rs 90 lakh (principal + gains) to buy a residential property. 2. You need to utilise the corpus within a specific time This part is similar to Section 54. 3. You will get tax exemption only up to Rs 10 crores Let’s check an example to simplify this. Say, you sold your investments for Rs 20 crores. You buy a property for Rs 20 crores. You will get tax exemption only on the first Rs 10 crores. For the remaining Rs 10 crores, you have to pay tax. 4. On the day you sell your assets, you shouldn’t be owning more than one residential property 5. The money must only be used for a residential house property. You cannot invest in land or commercial property. 6. After purchase, you must remain invested in the house for at least 3 years. 7. You can park the proceeds in the CGAS account (Same as explained in Section 54) We have a detailed thread on this. You can find its link in the comments section.

HDFC Mid Cap Opportunities is the largest actively managed equity fund. Its AUM (~ Rs 48,000 cr) is bigger than widely discussed funds like PPFAS Flexi Cap (2nd biggest fund). But why’s this scheme from @hdfcmf such a hit? We analyzed its performance & strategy. A 🧵

Bandhan Small Cap is topping the charts. Manish Gunwani (Head - Equities) is one of the key persons behind its performance. We interviewed him. He spoke on: - Buy-and-hold doesn’t work - Why does he hold ~200 stocks - High cash levels - His strategies ...And much more.🧵

Online sales are irresistible! That 50% discount can make us buy stuff we don't even need. But what really happens with these things? Ever wondered what they think of us? Watch our new short video that sneak peeks in your shoe rack! #AapkiJebHithMeinJaari

Building your first ₹1 crore takes more time than the next ₹9 crore combined. Sounds wild — but it’s true. The journey from ₹1 crore to ₹10 crore doesn’t get harder. It gets faster. Here’s the math and mindset shift that explains why 🧵

Debt funds used to be tax-friendly. Then came the rule change in 2023 — now they’re taxed at your slab rate. But fund houses have quietly found a way out. They’re tweaking the debt-oriented Fund of Funds (FoFs) to slash your tax to just 12.5%. Let’s see how it works. A🧵

Until recently, the GIFTING of mutual fund units was NOT possible. This has changed. You can now gift mutual fund units to your family, just like shares or cash. NO need to sell your units. NO need for a demat account. Here’s everything you need to know. 🧵

How does @PPFAS Flexi Cap approach exciting themes like AI & renewable energy? Why isn’t it investing heavily in mid-cap and small-cap stocks? Why is it holding 20% cash despite the recent correction? CIO Rajeev Thakkar answered everything at a unitholder meeting. A🧵

PSU banks delivered stellar profits in FY25. But their stock prices are still grounded. Despite record earnings, the rally in PSU bank stocks is missing. Why? We break it down. 🧵

PPFAS Mutual Fund doesn’t often roll out new schemes. So, when they do, it’s some news. The fund house has launched a Dynamic Asset Allocation Fund (DAAF). Interestingly, it isn’t really ‘dynamic’. They are pitching it like a tax-efficient ‘debt’ fund. Should you invest? A 🧵

Nifty Smallcap 250 has crashed over 25% since Sep 2024. But, valuations are still a concern. Should you stop your SIPs? Does it make sense to start new SIPs in mid-cap or small-cap schemes now? We studied 20 years of data. The results will surprise you. A 🧵

Mid Cap & Small Cap schemes have delivered stellar returns. But imagine an index beating 80% of them in the last 1 year. It has also beaten other indices. (Table) Enter @MiraeAsset_IN's new factor fund – Nifty MidSmallcap400 Momentum Quality 100. Should you invest? A 🧵

Returns of small & mid-caps are off the charts. 10-yr CAGR returns: Mid caps: 22% Small caps: 21% Returns are tempting. But veteran fund manager S Naren feels it’s time to move to something safer. This advice stems from a lesson he learned in the 1990s. More insights in🧵

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. 👇🧵

Vishal Mega Mart’s ₹8,000 crore IPO is here. The retailer lags behind its rival DMart in profits. But it’s growing faster & has more stores. However, this IPO has ONE BIG concern & many investors may not like it (Refer to Tweet 9). Let’s dive into the details. A🧵 (1/15)

Decoding #MutualFunds: Watch @nitinbhatia121 explain to you how Mutual Fund investments work and what are its benefits.

ROE and ROCE are two of the most important metrics in investing. Both show how efficiently a company makes profits. What’s the difference between the two? In some industries, you look at ROE, and in others, ROCE. Here’s the simple guide on which metric to use where. A🧵

Is the Indian stock market in a bubble? The answer isn’t a simple yes or no. Nifty 50 doesn’t look overvalued. (See image) But the Nifty Midcap 150 index’s valuations will shock you. Let’s break it down.👇 We checked the PE ratio of different indices: - Nifty 50 - Nifty Midcap 150 - Nifty Smallcap 250 The PE ratio is a popular valuation metric that tells you how much money investors are willing to pay for every rupee of the company’s earnings. So, if a company’s PE Ratio is 40, it means investors are willing to pay Rs 40 for every rupee the company earns. The ratio indicates whether the stock or an index is expensive, cheap or fairly valued. Now, there are two ways to look at the PE ratio. You can check either the trailing or the forward PE. Let’s first look at the trailing PE ratio. As the word trailing implies, we look at the historical earnings of the companies. So, we use the current price of the index and the historical earnings reported by companies to calculate the trailing PE ratio. 1. NIFTY 50 VALUATIONS Currently, Nifty 50's trailing PE is around 22.44. Now, let’s compare this with historical data: 20-Year Median PE: 21.35 15-Year Median PE: 22.37 10-Year Median PE: 23.43 5-Year Median PE: 23.15 So, compared to 5 years, 10 years or 15 years, Nifty 50 doesn’t look overvalued. The current valuation is a bit higher than the 20-year median, but not by much. So, overall, it doesn’t seem overvalued. Now, before you form any judgment, let’s also look at the forward PE ratio of this Index. What Future Earnings Reveal? A forward PE Ratio simply implies that you divide today’s index levels with the expected earnings over the next 12 months. This will tell you how much investors are willing to pay for every rupee of future earnings. Earnings growth has been significantly high from 2021 onwards. Thanks to that, the index's EPS compounded at 19.5% over the last five financial years. Now, the good thing about earnings is that they generally follow a rather linear pattern. Barring some colossal event like a pandemic, they tend to be quite predictable. So, if we expect a similar healthy growth trend in the next financial year, here’s how it will look: 20% Earnings Growth: Forward PE = 18.7 15% Earnings Growth: Forward PE = 19.51 10% Earnings Growth: Forward PE = 20.40 In all three scenarios, the forward PE is lower than the long-term median PE. Overall, judging by the PE ratio, the index with India’s biggest 50 companies doesn’t seem to be overheated, even after a 24% return in the past year. This is largely because the index's growth has mirrored the earnings growth of India’s top 50 companies 2. NIFTY MIDCAP 150 VALUATIONS This index is relatively new, so we have only been able to find its PE ratio since 2019. We used the 5-year median PE of the index to look at its valuation. Currently, the index is trading at around a PE of 43.14. If you compare this with the PE ratio of Nifty 50, the midcap index looks extremely expensive. But that’s not the correct comparison. So, we looked at the historical trend. The 5-year median PE of the index is around 27.25. The current PE is about 58% higher than its median PE. Clearly, the midcap companies are trading at a higher valuation. But why? Why Is The Mid-Cap Index In The Overheated Territory? The short answer: Downtrend in the index's earnings. Between March 2022 and March 2024, the mid-cap index traded in line with its medium PE. However, from April 2024, valuations significantly jumped. The index has increased by nearly 17% since April, but the earnings of midcap 150 companies have decreased. The Q4 earnings of FY24, which companies start reporting from April onwards, were lower than previous quarters, resulting in lower EPS for the index. The lower earnings in Q4 of FY24 have pushed the midcap index into an overvalued territory. High interest rates and inflation could be some reasons behind the muted earnings. These two could stress the company’s financials. What Future Earnings Reveal About Nifty Midcap 150? When we analyse the forward PE, the mid-cap index looks significantly overvalued. Even at an expected earnings growth rate of 20% for the next year, the forward PE is 35.95. So, the index seems quite overvalued, given its 5-year median PE is around 27.25. 3. NIFTY SMALLCAP 250 VALUATIONS Like the midcap index, this index is relatively new. So, we used the 5-year Median PE for our analysis. Current PE = 30.57 5-year median PE = 29.21 So, the small-cap index seems slightly overvalued, but the difference is as high as the mid-cap. What Future Earnings Reveal? Here are the possible scenarios assuming different earnings growth rates: 20% earnings growth: Forward PE will be 25.48 15% earnings growth: Forward PE will be 26.58 10% earnings growth: Forward PE will be 27.79 In all 3 scenarios, the valuations of the small-cap index don’t appear to be as stretched as those of midcap companies. We were curious to know why this was happening. So, we examined the earnings growth of small-cap companies. Why The Small-Cap Index Isn’t As Overheated As Midcap Companies? Here, unlike midcaps, there isn’t a drop in earnings. This is the primary reason why, despite the 57% plus return, the index is not in overvaluation territory. Small-caps are currently trading slightly above their 5-year median PE. Of course, the conclusion is based on analysing just one parameter, the price-to-earnings ratio (PE). When analysing the three indices, we looked at trailing and forward PE. We need to make some assumptions for calculating the forward PE. And when we assume a certain set of data, there’s always a possibility that things can turn out differently. Nonetheless, combining the trailing and forward PE Ratios can be a good indicator of the equity market's valuations. To wrap up… Large-cap: It doesn’t seem overvalued (except when you look at 20 years of data). Mid-cap: Appears to be significantly overvalued. Small-cap: Seems to be slightly overvalued. What do you think about markets? Let us know in the comments.

The NPS will soon see sweeping changes. - You can invest 100% in equities - Invest in multiple equity, debt and hybrid funds - You will be able to withdraw 80% of the corpus on maturity …and much more Let’s look at some of the big changes coming to NPS. A 🧵

SBI’s 1-year fixed deposit offers 5.75%. But if you extend the tenure by just 35 days, you can get 7.1% (for a 400-day FD). At first, it may look irrational. But there’s a logic to it and a really smart one. Let us explain. A thread🧵

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2023 was a dream run for investors. Nifty 50 rose over 20%. Mid and small caps gave crazy returns. PSUs had a blockbuster year. Will this momentum continue in 2024? We analyzed 4 factors and leaned on data to find answers. Details in thread 🧵

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Only 7 out of 22 mid-cap funds have beaten NIFTY Midcap 150 in the long run. HDFC Midcap Opportunity is one of those stand-out performers. (See image) It has done it despite its huge size (the biggest pure equity fund). We analyze its performance & strategy. A 🧵

Popular equity funds have reduced their mid-cap exposure. This includes some prominent names: - Motilal Oswal Midcap Fund - SBI Contra Fund - Parag Parikh Flexi Cap Fund What exactly are they buying and selling? We explored their portfolios to uncover the details. A🧵

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🧵

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Gold is now the second most held asset in the world after the U.S. dollar. For the first time in nearly 30 years, central banks are holding more gold than U.S. government bonds. Source: Tempo by @EdelweissMF

HDFC Balanced Advantage Fund is now India’s first hybrid fund with over ₹1 lakh crore in AUM. But more impressive—it has beaten the Nifty 50 over 3, 5, and 7 years. That is rare for a category built to prioritise stability over returns. What’s driving its performance? A🧵

Markets move in cycles, and winning sectors keep changing. If you can spot which sectors will lead next, you can earn market-beating returns. Here are 4 smart strategies to help you pick winning sectors. A 🧵

Everyone talks about HDFC Flexi Cap and PPFAS Flexi Cap. But BOI Flexi Cap has also delivered similar 3-year returns. HDFC Flexi Cap: 24.20% Bank of India Flexi Cap: 23.16% PPFAS Flexi Cap: 22.19% Do similar returns mean they are equally good? NO. Here’s why👇🧵