Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

PE divides the share price by earnings per share. Used on a software company, a consumer brand, or a private bank, it works reasonably well, because last year’s earnings are a fair guide to next year’s. A stable earnings stream lets the ratio act as a shorthand for how many years of profit the market is paying for. That shorthand depends on an assumption: that the earnings in the denominator are close to the company’s normal, sustainable earning power. For cyclical businesses

Under SEBI categorisation, a small cap fund must invest at least 65% of its assets in small cap stocks, defined as companies ranked 251st and beyond by full market capitalisation. That universe is large in number but small in tradable size. Many of its stocks have modest free float and trade only a few crore rupees of value on an ordinary day. Capacity is the amount of money a fund can manage in this universe while still buying and selling at prices close to the ones that mad

Last Reviewed and Updated: 17 Aug 2026 FII (-₹5,779 Cr) and DII (+₹35,099 Cr) Activity in Indian Equity Markets: July 2026 Every trading day, two large pools of capital shape the direction of Indian equities: Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs). Their daily buying and selling numbers, published by the exchanges, offer one of the clearest windows into how confident overseas money and domestic money are feeling about Indian stocks

Last Reviewed and Updated: 17 Aug 2026 The downside capture ratio is one of the most honest and least discussed metrics in mutual fund analysis. While most performance comparisons focus on how much a fund gained during a bull market, the downside capture ratio asks the harder question: how much did the fund lose when the market was falling? This article explains what the downside capture ratio is, how it is calculated, why it matters more than most investors realise, and how

Last Reviewed and Updated: 17 Aug 2026 This is not fraud. It is not even dishonest in a narrow legal sense. It is something more subtle and arguably more dangerous: a fund showcasing its best possible performance window while technically disclosing everything required by regulation. Understanding why this happens, and how to protect yourself, requires understanding two metrics: CAGR and rolling returns. This article explains both metrics clearly, shows you exactly how they di

Last Reviewed and Updated: 17 Aug 2026 The mutual fund industry in India has never been more accessible. With thousands of schemes across dozens of categories, and a new fund offer arriving seemingly every other week, investors have never had more to choose from. The problem is that this abundance has quietly created a new kind of portfolio mistake: over-diversification. Indian retail investors are increasingly holding portfolios of 15, 20, or even 30 mutual funds simultaneou

Last Reviewed and Updated: 17 Aug 2026 If you have ever watched your portfolio tumble and felt an overwhelming urge to sell everything, or watched markets soar and felt compelled to move more money in, you are not suffering from a lack of financial knowledge. You are experiencing something far more fundamental: the collision between human psychology and financial markets. The frustrating and fascinating truth is that the average investor consistently underperforms the very fu

Last Reviewed and Updated: 17 Aug 2026 A Gold ETF is an open-ended mutual fund scheme that is listed and traded on a stock exchange, just like a share. Each unit typically represents one gram of gold of 99.5% purity. When you buy a unit, you are effectively buying that quantity of gold in electronic form, without physically holding it. The fund backs your investment with actual gold bullion stored by a designated custodian, regulated like any ETF under SEBI rules. The fund bu

Last Reviewed and Updated: 17 Aug 2026 If you have been investing in mutual funds for a while, you have probably grown accustomed to one central number: the Total Expense Ratio (TER). It sat there on fund factsheets and comparison websites, a single percentage that most investors used as a proxy for what a fund costs. SEBI, the Securities and Exchange Board of India, has rolled out a comprehensive new regulatory framework that fundamentally changes how mutual funds are struct