Why is Financial Freedom important after being retired?

Starting financial planning for old age after being retired or at the period between 50 and 55 is like “Locking the stable door after the horse is stolen.” So, it is always a better option to initiate saving and making investments as soon as possible. This has to be known to everyone that financial freedom plays a crucial role in securing a healthy life and social relations.


These days, we can see that going on in most of the families around us that a vast number of old people must live alone and without any support from the family because of the relocation of younger people for better livelihood and opportunities and due to the trend of the nuclear family system. They must  manage all their needs and requirements on their own even if they don’t have enough money and income; their life becomes more difficult as they don’t get enough care and support. Therefore, at this stage of life, financial freedom does matter a lot. It has also been seen in today’s lifestyle that the level of sensitization concerning the daily needs and requirements of older people across younger generations has reduced as a majority of them rarely communicate or get time to involve with their aging parents as well as grandparents.




Frequently, a research done by the Agewell Foundation shows that older people, who are financially stable or having high net worth are taking care of properly in the old age homes but those who have no financial stability often remain lacked sufficient support and care. The research also revealed that approx.75% of old people i.e. of age 60 or more were living alone or with their other half in the old age home. Moreover, only 35%-37% of older people are financially stable in India. That clearly shows the importance of being financially stable in India.

You are going to need money for the next 30 years or even more after the retirement. No one can tell you or predict how much wealth is sufficient after the retirement. There are many uncertain factors like health condition of yours and your spouse, your family responsibilities, social responsibilities, your life-span and many more. That is why your financial needs will remain unpredictable. Hence, you must try to make more money as possible until your health allows you.

And you already know that as long as you manage to work, you are going to remain healthy and fit. With a second job in your hand, along with the money, you will get more respect from your family as well as society. This is the so-called truth that money is very important at every stage of life. Old ones can choose to take on self-employment activities or businesses, like subject-related counseling, shopkeeping or another business as per your interest. Moreover, old people should re-tool themselves with soft skills, modern computer, and digital technicalities and keep themselves upgraded with time. It surely will help them in managing involvement in beneficial jobs after being retired.

Do Not Compare Yourself with Other Investors While Making Investment

Retired ones have an unmatchable experience, knowledge, and intelligence that they have gained over the years. Unluckily, these rich human resources stand untapped. The government must make such opportunities for the retired people so that they can involve themselves in several social and developmental acts with capabilities such as counseling, management, observation, and guardianship. Such provisions will also strengthen the social safety of old people.


Financial freedom plays a crucial role in assuring a stable and healthy life and social relationships as well. It allows the old ones to live the rest of their lives in peace, eminence, relief, and prosperity.

Aavas Financiers IPO Review and list of anchor investors

Aavas is a retail, affordable housing finance company, primarily serving low and middle-income self-employed customers in semi-urban and rural areas in India. A majority of its customers have limited access to formal banking credit. According to ICRA Report, the Company had the lowest GNPAs as of March 31, 2018, and the second highest growth rate of assets under management for the last three financial years, among affordable housing finance companies that had assets under management between Rs 25 billion and Rs 200 billion.


Aavas Financiers raises Rs 520 cr from 34 anchor investors

List of Anchor investors:


Download (PDF, 380KB)

IPO Dates & Price Band:

  • IPO Open: 25-September-2018
  • IPO Close: 27-September-2018
  • Issue Size: Approx Rs. 1734 Crore
  • Offer for Sale: 16,249,359 Equity Shares
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs. 818 to 821  Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%

Market Lot:

  • Shares: Apply for 18 Shares (Minimum Lot Size)
  • Amount: Rs.14,778

Allotment & Listing:

  • Basis of Allotment: 03-October-2018
  • Refunds: 04-October-2018
  • Credit to demat accounts: 05-October-2018
  • Listing: 06-October-2018

Lead Managers:

  • Edelweiss Capital Limited
  • HDFC Bank Limited
  • ICICI Securities Limited
  • Spark Capital Advisors (India) Private Limited
  • Citigroup Global Markets India Private Limited

Company Promoters:

  • Lake District Holdings Limited
  • Partners Group ESCL Limited

share holder

Main object of the issue:

The Offer comprises a Fresh Issue by our Company and an Offer for Sale by the Selling Shareholders.The object for which the Net Proceeds of the Fresh Issue will be utilized towards augmenting its capital base to meet its future capital requirements arising out of growth in the business.

Competitive Strengths:

The company has a strong distribution network with deep penetration serving underserved customers in rural and semi-urban markets.

In-house sourcing model is leading to superior business outcomes: A direct sourcing and collection system enables a company to optimally price offerings and maintains asset quality.

The company has implemented a robust and comprehensive credit assessment, risk management and collections framework to identify, monitor and manage risks inherent in operations.

The company has access to diversified and cost-effective long-term financing.

The company has made significant investments in information technology systems and implemented automated, digitized and other technology-enabled platforms and proprietary tools, to strengthen offerings and derive greater operational, cost and management efficiencies.

Company’s management team has extensive knowledge and understanding of the housing finance business and the expertise and vision to organically scale up business.


loan penetration

U.S. Student Debt – The Next Financial Crisis?


The company intends to continue to expand in an on-ground contiguous manner, to drive greater and deeper penetration in the eight states in which it operates and sets up an additional 70 branches during Fiscal 2019.

The company plans to continue to focus on low and middle-income self-employed customers and increase the market share of existing products in the rural and semi-urban markets of India.

The company has been able to access cost-effective debt financing and reduced average cost of borrowings over the years due to several factors, including financial performance and improving credit ratings.

The company intends to increase product portfolio and improve cost efficiency through the use of technology and data analytics

The company intends to continue to undertake initiatives to increase the strength and recall of ‘Aavas’ brand to attract new customers.

world to gdpLoan penetration

loan penetration

The housing shortage in India

The housing shortage of india

CreditAccess IPO Review and the list of anchor investors


  • The company consistently delivered high-profit growth in the last five years.
  • It invested in creating capacity and increasing the number of branches, which helped its loan book grow at an annualized rate of 58.6 percent and profit at 71.3 percent.
  • Gross non-performing loans were 0.34 percent of total advances as of March, while its net interest margin is high at more than 7 percent.
  • Aavas has a strong capital adequacy ratio of 61.55 percent, leading to a lower return on equity of 11.2 percent in the year through March.

Ownership vs rented scenario

ownership vs rented


Aavas business requires substantial capital and any disruption in its sources of capital could have an adverse effect on its business, results of operations, financial condition and cash flows.

The risk of non-payment or default by borrowers may adversely affect its business, results of operations, financial condition and cash flows.

Aavas are affected by changes in interest rates for its lending and treasury operations, which could cause its net interest income to decline and adversely affect its business and results of operations.

Aavas downgrade in its credit ratings could increase its borrowing costs, affect its ability to obtain financing, and adversely affect its business, results of operations, financial condition and cash flows.

Aavas may face asset-liability mismatches, which could affect its liquidity and adversely affect its business and results of operations.

Aavas operations are concentrated in four states of western  India,  particularly Rajasthan and any adverse developments in this region could have an adverse effect on its business, results of operations, financial condition and cash flows.

Aavas inability to recover the full value of collateral, or amounts outstanding under defaulted loans in a timely manner, or at all, could adversely affect its results of operations.

The Indian housing finance industry is highly competitive and its inability to compete effectively could adversely affect its business and results of operations.

Aavas are exposed to operational and credit risks which may result in NPAs, and Aavas may be unable to control or reduce the level of NPAs in its portfolio.

Aavas Company and its Directors are involved in certain legal and other proceedings. Any adverse outcome in such proceedings may have an adverse effect on its business, results of operations and financial condition.

The bankruptcy code in India may affect its rights to recover loans from its customers.


At the upper end of the price band, the company demands a price that is 4.1 times its post-infusion book value for the year 2017-18. That’s higher than its established peers, especially when it offers a lower return on equity.

Comparison with Peers:


Grey market trend:

Current Grey market premium is Rs. 25/- ( Fall from Rs. 170/- )


No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here

Ircon International IPO Review and current GMP

Ircon International is a government company under the Ministry of Railways. Ircon International is a leading integrated Indian engineering and construction company in India. Ircon is integrated Indian Engineering and construction company, specialising in major infrastructure projects including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV substations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. It provides EPC services on a fixed-sum turnkey basis as well as on an item-rate basis for various infrastructure projects.

In 2016, it ranked number 248 in the list of the top 250 international contractors by Engineering News Records of the United States. Headquartered in New Delhi, it has 26 project offices and five regional offices to support and manage its business operations throughout India and five overseas project offices in SriLanka, Bangladesh, Malaysia, South Africa and Algeria to provide onsite support overseas.

As on December 2017, it had an order book of Rs. 22387 crore.


Its workforce as of January 2018 consisted of 1175 full-time employees i a stand-alone basis. It has a debt-free financial profile and comfortable liquidity position. The company has received several awards including Dun and Bradstreet Infra Awards 2016 in Construction & Infrastructure development Railways, CIDC Vishwakarma Awards 2016 and the India Pride Awards 2015-16.

IPO Dates & Price Band:

  • IPO Open: 17-September-2018
  • IPO Close: 19-September-2018
  • IPO Size: Approx Rs. 470 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs. 470 to 475  Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 99,05,157 Shares
  • Discount: Rs.10 (Retail & Employees)

Market Lot:

  • Shares: Apply for 30 Shares (Minimum Lot Size)
  • Amount: Rs. 13,950 (For RII & EMP)
  • Amount: Rs. 14,250 (For QIB & HNI)

Allotment & Listing:

  • Basis of Allotment: 25-September-2018
  • Refunds: 26-September-2018
  • Credit to demat accounts: 26-September-2018
  • Listing: 28-September-2018

Lead Managers:

IDBI Capital Markets & Securities Limited
Axis Capital Limited
SBI Capital Markets Ltd

Registrar to the IPO:

Karvy Computershare Private Limited.

Competitive Strengths:

Our business operates in diverse sectors covering many countries;

Excellent execution track record through strong operating systems and controls;

Strong financial performance and credit profile;

Visible growth through robust order book and steady execution; and
Qualified and experienced employees and proven management team.

Business Strategy:

Continue expanding our geographical footprint within and beyond India.

Paradigm shift in revenue generation.

Focus on high-value projects in the construction business to benefit from economies of scale.

Actively bid for new projects.

Maintain favorable financial risk profile.

Explore different models of project execution to optimize our project portfolio.

Explore potential ways to capture sectorial initiatives undertaken by the Government to improve economic growth.

Attract and retain talented employees.

The promoters:

The President of India acting through the ministry of Railways.

share holder

Objects of the issue:

To carry out the disinvestment of up to 9,905,157 Equity Shares and
to achieve the benefits of listing the Equity Shares on the Stock Exchanges.

The Company will not receive any proceeds from the Offer and all proceeds shall go to the Selling Shareholder.

HDFC AMC IPO Review, Current GMP and List of Anchor Investors

  NHAI awarding is expected to rise over the next three years (km)   


Company Financials (Reinstated-Standalone):

The company generated revenue of Rs 4,158.8 Crores for the year ended Mar-14 and Rs 4,123 Crores for the year ended Mar-18.

The company posted a profit of Rs 740 Crores for the year ended Mar-14 and profit of Rs 390.8 Crores for the year ended Mar-18.

Its EPS for FY18 was Rs 40.1 and 3 years average EPS is Rs 38.65.




Ircon’s business and revenues are substantially dependent on construction and infrastructure projects are undertaken or awarded by government authorities and other entities funded by the government. Any change in government policies, the restructuring of existing projects or delay in payments to us, may adversely affect its business and results of operations.

If Ircon faces adverse publicity and incur costs associated with warranty claims or from defects during construction, its business, results of operations and financial condition could be adversely affected.

Projects included in its order book and its future projects may be delayed, extended, modified or canceled for reasons beyond its control which may materially and adversely affect its business, prospects, reputation, profitability, financial condition and results of operations. Revenues generated from its projects are also difficult to predict and are subject to variations driven by various factors.

If Ircon is not successful in managing its growth, its business may be disrupted and its profitability may be reduced.

Bandhan Bank IPO Review and the list of anchor investors

Railway sector projects contribute approximately 86.70% of its Order Book as of March 31, 2018. Any change in the sector causing a decline in the numbers of project available may adversely affect its revenues and profitability.

Ircon’s projects are exposed to various implementation and other risks and uncertainties which could lead to material adverse effect on its business, prospects, financial condition and results of operations.

Ircon’s projects may be adversely affected by public and political oppositions, conflicting local interests, elections and protests.

There are certain legal proceedings pending against us and some of its Subsidiaries, which, if determined against them or us, may have a material adverse impact on its business, its financial condition, its reputation and results of operations.


Valuation of the company now. On FY2018 consolidated EPS of Rs 42.13 and on an upper price band of Rs 475, P/E works out to be 11.2x. On last 3 years average consolidated EPS of Rs 40.62, P/E works out to be 11.7x. Similarly, for standalone nos, the P/E is in between 11.9x to 12.2x. Means company is asking for a higher price band Rs 475 where P/E would be in the range of 11.2x to 12.2x. No listed peers are doing similar business.

Grey market trend:

Current GMP is is Rs. 40/-, and Kostak is Rs. 225/-


No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here

51% of investors withdraw their investment from equity mutual funds within less than a year

Almost every investor is familiar with the SIPs (Systematic Investment Plan), where you aim for making a corpus depending on your goals by investing a fixed amount every month in a mutual fund. As per Data from the (AMFI), shows that just 29% of equity assets stay invested for more than two years. A huge 51% of equity assets get withdrawn before a year gets over and more shocker is 10 % invest only for one month.

equity withdrwal

To generate a corpus, equity funds are one of the good options to invest in as they can deliver a fruitful result. But the significant thing to know about equity funds is that one should hold on their investments for at least 5 years or even more to get a worthwhile result.

EMI VS SIP ( Be controlled or take control )

Equity mutual funds not only provide you a beneficial result but also balance your portfolio. Also, depending on your goals, equity mutual funds give you high returns on your investment and tax benefits. They are one of the most profitable and preferable investment methods present in the market these days. People have switched from low-return instruments like bank FDs (Fixed Deposits), PF (Provident Fund), NSC, REAL ESTAE  ( 1% to 2% p.a. rental yield )to mutual funds across the time period. Equity funds help in tax-savings along with capital enhancement. Moreover, equity funds might deliver you the inflation-beaten returns in the upcoming period. There are even some options present in equity funds which are intended to provide you benefits in tax.

These days, investors are attracted towards SIP in mutual funds. They are investing their money in MFs through SIP but they are missing something beneficial and that is holding on for a longer period of time.

A campaign by the mutual fund industry of India named ‘Mutual Fund Sahi Hai’ and the anticipation of economic change has spread a successful awareness in the last two years among the investors. Even the SIP inflows in mutual funds have increased amazingly in the recent years but the investors must understand that if they don’t hold their investments for a longer period, they are slashing their returns by themselves.

One of the several reasons behind people attracted to invest in mutual funds is the diminishing rates of bank fixed deposits. It makes investors invest in their choices of mutual funds, usually in balanced funds and debt funds. The demonetization act happened in 2016 also encouraged investors to switch to mutual funds from gold and real estate investments and this led to a greater proportion of savings. The monthly inflows through SIP have also increased incredibly in the last two years as more than ₹7500 Crores flowed into equity funds in July’ 18. These figures were ₹3122 Crores in April’16.

“Some investors prefer the classical method of investment i.e. staying invested only for one year like people used to do before while investing in 1-year bank FDs. This could be a reason why several investors stay invested only for 1 year. On the other side, some smart investors hold their investments for a very long period of time.”

Do Not Compare Yourself with Other Investors While Making Investment

Most preferred & profitable period to stay invested

According to a research on the efficacy of the returns delivered by the SIPs, the investors who have their running SIPs for more than seven or eight years have hardly any probability of facing any loss while the investors who run their SIPs for a shorter period of time say, between one to two years have a higher probability of suffering losses. Investors must stay invested in equity for at least 5 years to get expected results.

One can see in the chart, how many investors (in %) hold their investments for a short period and how many of them hold it for a longer period.


“One more reason behind investors exiting in short-period is their wrong approach towards investing as numerous investors pool in their money unsystematically and without any proper planning and asset allocation for their long-term goals. They invest their money expecting that they will get higher returns in just 2 or 3 years or a short period of time. And that results in unexpected returns and a bad experience, so they withdraw their investment.” Moreover, one must try to check once in every five or six months that how far they are from the goals now. Making investments by carrying long-term financial goals in mind is the correct way to grow patience.


Note: Past performance of fund does not guarantee the future returns.

Mutual Fund Investment are Subjected to Market Risks, Read all Scheme Related Document Carefully.

Disclaimer: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here.

U.S. Student Debt – The Next Financial Crisis?

Higher education has become one of the biggest money-making scams in America.  We tell all of our young people that if they want to have a bright future, they must go to college.  This message is relentlessly pounded into their heads for their first 18 years, and so by the time high school graduation rolls around for many of them it would be unthinkable to do anything else. And instead of doing a cost/benefit analysis on various schools, we tell our young people to go to the best college that they can possibly get into and to not worry about what it will cost.

Real estate rental yield is below one percent

We assure them that a great job will be there after they graduate and that great job will allow them to easily pay off any student loans that they have accumulated.  Of course most college graduates don’t end up getting great jobs, but many of them do end up being financially crippled for decades by student loan debt.

In all of American history, we have never seen anything quite like this student loan debt bubble.  Since 2007, the total amount of student loan debt in America has nearly tripled.

Let me repeat that again.

Since 2007, the total amount of student loan debt in America has nearly tripled.


But of course the quality of college education has not tripled over that time.  Instead, it has progressively gotten worse.  At this point most college courses have been so “dumbed down” that the family pet could pass them.  If you would like to look into this more, you can find a list of 37 of the most idiotic college courses in America right here.

These days, most college courses do not require any actual writing.  Instead, your performance is judged by a series of “tests” consisting of multiple choice, fill in the blank, and true/false questions.  And the questions are usually ridiculously easy, because most of our high school graduates need to take remedial courses in basic skills when they get to college.

I spent eight years at public universities, and the quality of education that I received was a joke, and that was many years ago.  Now the quality of education has deteriorated so dramatically that most college degrees are essentially worthless from a practical standpoint, but for many professions you still need that “piece of paper” in order to “qualify” for certain jobs.

So the scam continues, and thousands upon thousands of “administrators”, “diversity specialists”, “career counselors” and “college presidents” are taking home massively bloated salaries at our expense.  Beautiful new lecture halls, residential complexes and sports stadiums are going up at colleges and universities all over the country, and textbook publishers are laughing all the way to the bank.

More than 4 lakh Pune flat buyers are victims of the builders

If everything but the basics was stripped away, the cost of actually delivering a college education to students would be quite low.  In fact, most learning could be done over the Internet.

But instead, the “college education industry” has convinced all of us that we desperately need their services, and that we shouldn’t care about the price.

Of course many of our young people are filled with regret once they get out into the real world and they realize that student loan debt is going to financially cripple them for the rest of their lives.

At this moment, America is drowning in more student loan debt than ever before.  The following are 11 rage-inducing facts about America’s wildly out of control student loan debt bubble…

#1 The student loan debt bubble has now grown to 1.4 trillion dollars.

#2 In 2007, the total amount of student loan debt in the U.S. was just 545 billion dollars.

#3 Over the previous ten years, student loan debt has grown by a staggering 176 percent.

#4 Americans now owe more on their student loans than they do on their credit cards.

#5 In 2003, student loan debt accounted for just 3.3 percent of all household debt.  Today, that number has grown to 10.5 percent.

#6 The current student loan 90-day delinquency rate is 11.2 percent.

#7 30 percent of all student loans in the United States are either in “deferment” or “forbearance”.  The most common reason a loan is placed into one of those categories is because the borrower cannot pay.

#8 It is being projected that a whopping 40 percent all student loan borrowers will default on their loans by 2023.

#9 From 2007 through 2017, “college tuition costs jumped 63 percent, school housing surged 51 percent and the price of textbooks by 88 percent.”

#10 In 2001, 18.6 percent of all U.S. households led by someone in the 18 to 34 age bracket were carrying household debt.  Today, that number has jumped to 44.8 percent.

#11 Each year, more than a million Americans default on their student loans.


This article originally appeared on The Economic Collapse Blog.  About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.

DSP Mutual Fund to reopen DSP Small Cap Fund for SIPs/STPs only

From 3rd September 2018, the DSP mutual fund is going to accept investments through Systematic investment plan (SIP) and Systematic Transfer Plan (STP) in the DSP Small Cap Fund. However, as before the fund will continue to not accept lump-sum investments. Also, large valuations have come across in the small-cap fund. Therefore, there could be volatility over the next one year for the investors to grab the changes made. And this volatility can be conquered by the investors to add to small caps using SIPs.

Since the last 5 years and 10 years period, DSP Small Cap Fund has been consistently performing the best in the small-cap category and has consistent returns of annualized 34% and 20%, respectively.

However, from the last 1 year, the fund performance has been dragged that of peers with the slow return of only 2.3% as compared to 7.4% which is its benchmark of average return.

The BSE Small Cap Index is decreased to 19%. Well, other stocks lose 25-35%. As the economy improves, the earnings prospect for many stocks is going to rise.


Investment Objective:

The aim of the fund is to seek long-term capital appreciation by investing in a portfolio that is substantially constitutes of stocks of small cap companies.

Biography of Fund manger:

Mr. Vinit Sambre (Co-manager):Mr. Sambre is a B.Com and FCA. Prior to joining DSP BlackRock he was associated with DSP Merrill Lynch Ltd.(Nov 2005 to Jun 2007), IL & FS Investsmart Ltd. (Dec 2002 to Oct 2005), Unit Trust of India Investment Advisory Services Ltd.(Jun 2000 to Dec 2002), Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. (March 1999 to May 2000) and Credit Rating Information Service of India Ltd.(Apr 1998 to Feb 1999).

Mr. Jay Kothari (Co-manager):Mr. Kothari is a BMS and MBA from Mumbai University . Prior to becoming the fund manager in DSPBR he has worked as the Vice President in the equity investments division as well a product strategist in DSPBRIM.

Mr. Resham Jain (Co-manager): Resham joined DSP Investment Managers in March 2016 as Assistant Vice President in Equity Income Team. He has over 9 years of experience. Prior to joining DSP Investment Managers, he worked for B&K Securities (I) Private Limited, Jaihind Projects Ltd & Arvind Ltd.

Do Not Compare Yourself with Other Investors While Making Investment

Correction in the small-cap segment:

smallWhy did DSP small-cap fund was closed before?

  • Hyper Valuations
  • Limited investment opportunities
  • Massive Inflows

DSP small-cap fund portfolio stats:


The reason behind the re-opening of fund:

  • Post the recent market correction; valuations have become more reasonable for both.
  • Selective stocks within the portfolio
  • Other stocks in the radar.

Current changes to the portfolio:


  • Overall, it has increased weights in consumer-oriented names to add more stability to the portfolio.
  • Increased sector weights by Auto (3.9%), Chemicals (3%), and Textile (2.5%).
  • Increased concentration in stocks where they have conviction and were available at reasonable valuations.

Performance Chart:


SIP Performance:

Principal invested: Rs.  10,000 x 121 installments = Rs.  1,210,000

Current value Rs.  4,145,243 Rs.  2,728,968 Rs.  2,471,110 Rs.  1,551,982 Rs.  1,931,010
Absolute growth 242.58% 125.53% 104.22% 28.26% 59.59%
Annualized growth 23.40% 15.67% 13.82% 5.02% 9.19%

Rolling Return:


Top 10 holdings as on 31st July:

TOP 10

Download (PDF, 101KB)

10 things I have learned about investing

Risk analysis:

Alpha -0.07
Beta 1.05
Downside Risk 22.66
Info Ratio Rel. 0.10
Jensens Alpha 0.28
Max. Drawdown -19.78
Max Gain 51.30
Max Loss -18.69
Negative Periods 11
Positive Periods 25
r2 0.95
Relative Return 0.38
Return 13.77
Sharp 0.34
Sortino 0.28
Tracking Error 4.01
Trenyor 5.98
Volatility 18.70

Note: Past performance of fund does not guarantee the future returns.

Mutual Fund Investment are Subjected to Market Risks, Read all Scheme Related Document Carefully.

Disclaimer: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here.

Secure your Future with the Best Retirement Plan?

The best part of retirement is when you get rid of a daily 9 to 5 job. But the worst part is there is the lack of a salary. To live the same life that you used to live before your retirement requires a substantial corpus which will last till your lifetime. If you will have a shortage of funds, then you will have to cut down your expenses and will have to compromise in every situation. And this is definitely not a solution to this problem. If you start investing wisely from the early stage, then you’ll don’t have to face any of these problems after your retirement.


When we a look at the stats, it clearly says that India has more than 50% of its population below 25 years and 65% of the population is below 35 years. Before Jan 1, 2004, the government of India used to give pensions to their employees after the retirement which was quite important for the employees. Nowadays employees or people have to start Retirement planning their post-retirement from the early stage to make them financially independent.

Review of HDFC small cap fund

We all need money for our living. It is our first necessity. And to earn money a person needs to work. But we cannot work for a lifetime. There will come a day when we will have a loss of stamina to work. A fact says that, in India, average retirement age is 60 years. But, many retire before with their choice and sometimes with some other causes like job loss, disability, etc.

We can see that as per some of the norms of the profession, employees can even work till 70 if they are well. And in some professions, people have to retire early like in sports. In these cases, the different situation will have different financial consequences. Therefore, it is required to make a hand full of the corpus live a standard life after retirement.

Following are the factors which make an impact on your retirement corpus:

  • Cost of inflation-

Inflation reduces your purchasing power and also consumes your savings faster since due to inflation, the value of money goes on decreasing year on year.

  • Drop in rates of fixed income-

A few years back, you were able to maintain a particular income level by choosing fixed income instruments for investments, as they were providing high returns. But today, interest rates are dropping down which is the reason why this generation has to manage their income for their better living condition.

Parents are Better Teacher of Financial Planning than School

  • Increase in life expectancy-

Since the medical technologies are being advanced day-by-day and so people are expected to live more than usual. Due to this, more corpus is needed for the people to maintain their living after the retirement.

  • People shifting from joint family to nuclear family-

Earlier, there was the huge privilege of the joint family system in India due to which the younger generation could take good care of the old age person in the family. But due to the better employment facilities at different places, people are shifting from joint family to nuclear family. So, planning for the retirement from the early age has become must these days.

  • Medical expenditure-

When you get close to the old age, there can be several medical issues which require a huge amount of money which get add up on your daily or monthly expenses. And the medical cost is also rising up day-by-day. So, to get rid of this situation in future, you have to invest enough in your medical.



reitrement 2

From the above example, Mr. X would just need to invest Rs 7,927 monthly. And, Mr. Y won’t be able to achieve the corpus, even if he invests Rs 40,000.

So, to generate a good corpus, early investment is very much required to get a standard living after the retirement.


The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any agency of the Indian government. Examples of analysis performed in this article are only examples. They should not be utilized in real-world analytic products as they are based solely on very limited and dated open source information. Assumptions made within the analysis may or may not be reflective of the position of any entity.

The complete process of claiming Insurance of your Stolen Car

In the case, your car got stolen from anywhere, and you want to make an insurance claim of it; the first step you have to take is to notify the insurance company as soon as possible. You must also inform the police within 24 hours of the incident happened. The insurance company’s office will help through the entire process. The significant thing to know about is that the vehicle must be covered under the comprehensive policy from the insurer, which includes theft or fire, damage in the natural calamities, accidental damage to the car, and third party cover.


Action needs to be taken to claim your vehicle insurance-

First Information Report (FIR)

The owner of the vehicle has to file a police complaint within 24 hours of a period starting from the incident happened.

Insurance claim form

The car owner must provide the necessary information regarding the vehicle through calling customer care center of the insurance company such as details of the car, insurance policy number and also the description about the time and date of the incident. Customer executive will note those details for filling up of the claim form.

Why do I need a personal accident Insurance Policy?

Important Documents

The insured must submit all the necessary documents to the RTO office like duplicate copies of the RC (registration certificate) of the vehicle, a copy of the driving license, records of the insurance policies, correctly signed insurance claim form, FIR of the incident and a letter revealing the theft of the vehicle.

Claim approved/settled

The owner of the vehicle must transfer the registration of the car in the name of the insurance company and hand-over the keys along with a letter of subrogation to the insurer straight after the police submit its ultimate ‘non-traceable’ report of the vehicle, and the claim is approved/settled by the insurance company.

Repayment from the insurer

The owner of the vehicle must submit the authentic copy of the repair invoice and receipt of the payment to the insurance company. Post that, the settled amount will be compensated between the period of one week.

Why should you get a standalone cancer insurance plan?

Insurance claim refused

There are some chances that your insurance claim will not get accepted by the insurance company like-

  • If the car does not have a valid RC
  • If the car with a private registration certificate (i.e. white number plate) is given on rental purpose or any business purpose.
  • If any type of false representation and misleading facts regarding the theft incident are detected.
  • If one has purchased a used car and the registration of that car has not yet transferred to his name in the copy of the insurance policy, then the policy will be taken as a void and the claims will not get accepted.
  • If the vehicle is stolen by the carelessness of the owner. The claim might get rejected in the case where the owner forgets to lock the doors and close the side windows of the vehicle or leave the keys inside the car without locking the doors.
  • Furthermore, the insurance company will compensate the paid amount to the finance company or bank if the vehicle was purchased on loan.
  • The owner of the vehicle should attain a duplicate copy of the RC of the car from the office of RTO (Road Tax Officer) as soon as possible.

Parents are Better Teacher of Financial Planning than School

Many people prefer that adding personal finance in school syllabus is a good idea. According to them, a child should learn finance related concepts in school to get better with money like the adults. Both parents and school plays different roles in shaping the child. There are a lot of decisions in a child’s life like while choosing the language, sports, science, math, etc. at school, aside from implied skills of social behavior, authority, and structure, when the domain is in the hand of the household. The important thing to know about is that there are a lot of skills that the parents should teach like admiring and respecting the nature, eating good and healthy food, knowing about the human body and also how to use money properly.


In addition, the Money Advice Service (UK) in cooperation with Cambridge University has performed numerous research projects about initiating financial skills in children and young ones. In that publication named ‘what drives financial behavior?’ Published in April’18, they give a very useful framework. They distinguish the enablers and inhibitors of financial ability in three sections i.e. ability, connection, and mindset.

Ability means the knowledge of financial products along with concepts about money as well as financial numeracy. Connection means arrangement and access to money and money transactions. Mindset signifies the value and viewpoint towards money like saving, confidence as well as the financial position of the family.


Moreover, teaching about the financial concepts and things to children has no special effect on how they are going to manage their money or make any decision with money. The connection and mindset elements determined these important financial behaviors. The duty to promote the right outlook about money lies mainly with parents and not at all with the school.

What should parents do?

In recent studies, it has been found that the money habits are developed in children by the age of seven years old. Children learn from many activities and tasks that assist them how money works in the family and parents must support it through on-going involvement and motivating children in making easy decisions. For instance, a kid whom you give some money to go out and purchase some fruits for himself is going to gain the experience of looking for the prices, making his own choice, paying money, then counting the change given back to him and at last enjoying the fruit. It is a very good experience that allows a connection with day to day financial decision-making.

One important thing to understand is that the kids learn from the speaking and behavior of their parents. So, instead of teaching them about the easy assumption that money can be withdrawn from the ATM and you can buy all stuff with your credit cards, make them learn that money is a limited resource and one can get it by pursuing a job and getting it done. Make sure that the family conversations’ include taking joint money decisions and including kids in the conversation is always a better option.

EMI VS SIP ( Be controlled or take control )

The kids had older age gain financial concepts like compounding very well. It has been seen that many kids took it upon themselves to earn, save and keep aside money for a particular game, a toy or any gadget that they wanted to purchase. They also understood and perceived the deals, discounts as well as bargains.

Outlook towards a financial situation is evolved from the decisions that the household takes and the experiences kids have in contributing in such decisions. The family that shows anxiety when money goes short; the family that is resigned to believe that their financial situation will not change; Families that are careful about borrowing are all completely communicating outlook towards money in the mind of kids. Self-confidence regarding management of money develops in when parents can actively show how to make a tough decision with a finite resource.

There is a lot to know about the financial literacy. For instance, when one wants to take a personal loan, understanding how the monthly EMI (By separating Principal and interest component ) will be calculated, how stabled and floating rates will be as well as how a loan must be compared to income, are all the important factors to know. And putting these concepts in a school syllabus many years before that decision probably will not attain much.

Why is equity the most preferable long-term asset class?

It has been an eminent journey for the Indian mutual fund industry since now. The MF industry has made outstanding steps over the past few years. The investors have raised a substantial ₹1.3 lakh crores in equity mutual funds in 2017. But, the percentage of mutual fund assets in household savings is very less in India.


According to the data from RBI, the percentage of mutual funds in financial assets is as low as 13%. The percentage of mutual funds will be even lesser if we add household savings in the physical assets, i.e., gold, petroleum, real estate etc. Even after the immense success of the Indian MF industry, the most selected choice for people is still bank deposits which are approx. 50% of the household financial assets.mutualSource: RBI

One can see that mutual funds savings are even less than 22% of the total bank deposits. The similar percentage in the US (United States) is around 101%. Moreover, almost the top 60 district of India hold the immense percentage of the mutual fund industry AUM. Except for those districts, the penetration of mutual funds in household savings in remaining part of India is appallingly less. One of the numerous reasons behind the low penetration of mutual funds in the country is the deficiency of financial awareness.

Risk factor

Doubtlessly equity is an uneasy and unpredictable asset class. There are sudden fluctuations in the stock market and this is called volatility. If you have invested in equity and your investment generally makes more hike in up-markets than it drops in down-markets, then it is a sign that your probability of getting impressive results are very high than of suffering loss over long investment tenure which is very low.

Mutual funds reached to 21% of total bank deposits

Performance in 5 years

The time period of five years, i.e. from 2014 to 2018 covers uncommon market conditions. 2014 was a year with a rising price. It was the year with a bull market with Lok Sabha elections and BJP coming to authority. 2015 was a good year stock market-wise having a correction worldwide as well as in India. 2016 started with a significant drop within the first 2 months, followed by an improvement. 2017 was a contrary year to a bull market. 2018 started with a volatility period of 3 months in the market, and since then the market is mostly seen as range-bound.

Different asset class

In this exploration, BSE-100 is taken as the proxy for the equities. BSE-100 symbolizes the large-cap province of stocks. Large-cap stocks hold the immense majority of overall market capitalization in the stock markets. CRISIL Composite Bond index represents the long-term i.e. more than 5 years, medium i.e. 3 to 5 years and short-term i.e. 1 to 3 years fixed income investment. CRISIL liquid fund index represents very short-term fixed investments i.e. less than a year and this index is similar to the savings bank.

Performance in 2014

2014Source: CRISIL, BSE, Goldprice.org

As mentioned 2014 was a year with a rising or a bull market year. All the asset classes performed well in 2014 except gold. And BSE-100 was outperformed.

Performance in 2015

20141Source: CRISIL, BSE, Goldprice.org

2015 started amazingly for equities but there was a great rectification in the month of March and there was high volatility in the stock market for the rest of the 9 months period with a downward bias. Predictably, equity not performed so well in such market-conditions but still is the best performer if we combine the 2014 and 2015 performance of all asset classes.

Warren Buffett that may help you to create wealth in long-term

Performance in 2016

2016Source: CRISIL, BSE, Goldprice.org

2016 started with under-performance by equity, driven mostly because of the slowdown in economy on the back of dropping prices of crude oil. But the stock market made a recovery in the month of March and maintained it or the remaining year.

Performance in 2017

2017Source: CRISIL, BSE, Goldprice.org

2017 was the great year for the stock market. Equity performed exceptionally well in 2017 and after the under-performing period of 2 years, BSE-100 provides more than 30% returns.

Performance in 2018

2018Source: CRISIL, BSE, Goldprice.org

2018, as many investors know, saw a lot of volatility and the market has been range-bound over the last few months. Let us how different asset classes have performed so far this year.

Large-cap equity vs. mid and small-cap

According to the data, mid-cap and small-cap stocks have dropped 20% to 30% in 2018. Even though mid-cap and small-cap funds are capable enough to provide high returns in the long-term period but large-cap funds and stocks are less volatile than them. Large-cap funds deliver balance to the investment portfolio and these funds should contain the core of the portfolio.


CONCLUSIONSource: CRISIL, BSE, Goldprice.org

Equity seems to be the worst performing asset class in 2018 but the outstanding performance between the period of 2014 and 2017 ensures that equity shows itself as the best performer over the entire period.


Note : Past performance of fund does not guarantee the future returns.

Mutual Fund Investment are Subjected to Market Risks, Read all Scheme Related Document Carefully.

Disclaimer: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here.