In October 2017, SEBI announced its Categorization and Rationalization of Mutual Fund Schemes. This was done to bring some uniformity in funds belonging to the same category by restricting their asset allocation. SEBI’s motive was to help investors differentiate among fund categories and make better decisions. A year after all fund houses complied with the…

Here are six ELSS mutual funds that have consistently beat Nifty Largemidcap 250 Index (incl dividends). These were shortlisted with the Equity Mutual Fund Performance Screener July 2019. You can use the screener to quickly create such lists from Value-oriented, Aggressive Hybrid, Dividend Yield, Large Cap, Focussed Funds, Large & Mid Cap Funds, Multi Cap Funds,…

Shri Anurag Thakur, Minister of State for Finance & Corporate Affairs has listed out several irregularities in mutual funds in response to a question in the Lok Sabha. SEBI has informed the ministry of the following types of irregularities or non-compliance’s: Failure to identify and appropriate all the expenses in the individual schemes as per…

The way UTI Mutual fund handled the DHFL crisis leaves a lot to be desired to say the least highlighting the need for tighter rules on what an AMC should do in the case of a bond default.  In early June 2019,  Dewan Housing Finance Corporation Ltd a housing finance company defaulted on almost 1000…

In the last ten years, online mutual fund investing has been a gamechanger for both the investor and the industry. I think it is time to stop and ask is it unhealthy to buy mutual funds from an investment platform? Just think about the number of mutual fund investment channels available today, it almost seems like…

Yes, that is right! There is no legal obligation for a mutual fund to declare NAV after each business day! SEBI expects them to, yes but the rules are fairly lax in this regard. Let us take a look at what happened after the DHFL crisis. NAV for 3rd June 2019: According to AMFI, For…

How often has the Nifty crashed? Has it crashed once it reaches an all-time high? When has the Nifty crashed in the past? Is it possible to use this information to predict when it will crash in the future? Let us try and find answers to these questions using Nifty closing price history from July…

Here are three simple tips to choose the right financial advisor for you with no conflicts of interest (fee-only registered with SEBI). If you wish to outsource money management, either because you cannot do it yourself for want of time, confidence or expertise or because you prefer outsourcing, a trusted financial advisor is necessary. More…

After 13 years of using a feature phone, I finally decided to get myself a smartphone. Selecting one I realized that many of us have the right approach to buying a smartphone but fail to apply it to managing money and investing. First some blah blah about my new phone, kindly bear with me. Did…

The latest freefincal mutual fund portfolio overlap tool allows you to compare five mutual funds at once to check for common stocks! Since Moneycontrol had changed its layout, this tool has been written from the ground up. Users will now have to select equity or debt as fund type before running the comparison. Update April 2022: This…

This is an update of the rolling return and rolling risk calculator. Download this to check how consistently a fund has beat its benchmark in terms of return and risk. New AMCs, New fund names (open-ended) have been added to this sheet. You can download the sheet from the link below. This tool is now…

Many mutual fund SIP buyers and sellers incorrectly believe that SIP is a disciplined form of investing that reduces market risk because it averages the cost of purchase. In part 2 of “this is how a real market crash “feels” like“, let us travel with a SIP started ten years apart and see for ourselves…