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Yash Agarwal
@yashhsm 3 years, 4 months ago 430 views

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Soon startups like Zerodha, Groww & PhonePe will soon launch their own Mutual Funds!

Why is every Investment App trying to become a Mutual fund company?🤔

Let's understand👇

A Thread🧵

FinTechs like Zerodha and Groww have already disrupted the stockbroking & mutual funds distribution space and have become the largest player in their industr, they own the distribution.

What's next?

They want to make their own Mutual Funds & control the manufacturing as well.

Why now?

In Dec 2020, SEBI made it easy to apply for a Mutual Fund license. Earlier, they needed to be profitable for the 3 out of the previous 5 years including the most recent one - and no startups were profitable. But now, they just needed to show a net worth of Rs. 100 Cr.

This is also the perfect time to enter the Mutual Fund market. India is still way under-penetrated with a lot of first-time investors coming. And as per Nithin Kamath, Mutual funds will be one of the key products to push more people into investing.

Who all are in the race?

Largest stockbroker (Zerodha), Largest mutual fund distributor (Groww), one of the biggest NBFC (Bajaj Finserv), several star investors like Deepak Shenoy, Rakesh Jhunjhunwala are strong in the race, apart from FinTechs like Paytm Money, PhonePe & Niyo.

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Siddhartha Bhaiya
@sidd1307

You wanna read bullshit, here it is.

They are trying to portray high portfolio churn as updating of portfolios.

So if the fund manager churns his portfolio more he is updating his portfolio

By this logic citadel & Renaissance have the most updated port

How ridiculous isthat!

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@contrarianEPS

think different

src: intelligent investor

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Sir Metafool
@passivefool

Has anyone seen "you are getting mutual fund units at discount" and "India growth story" tweets?

This is a bit worrying.

Crazynaval
@Crazynaval

In my view, different stocks play different roles in a portfolio at any given point in time.

If you had frozen the March 2020 Portfolio of PPFAS flexicap as it is then in 2 years, their domestic folio beats overseas by 2.5:1

Link later in the thread

#PPFAS

I believe PPFAS suffers from typecasting. most investors believe the differentiation is an overseas component and not other features like going into cash/ value/ safety first etc.

no one looks at tax-efficient way of looking at returns along with risk is taken/ churn happened.

Persistent/ Mphasis/ CDSL are 4 to 7 X and with meaningful weight.

IEX is now 2.5-3X (though not part of Indian portfolio)

including dividend, ITC has beaten up amazon since then

Link

There is no scientific way to find out which stock worked well. Only fund house knows buying prices.

this exercise can be done by any investor at any given point of time from factsheet date to any date. (relevant enough in my view)

Kirtan A Shah
@KirtanShahCFP

Amongst other performance details, what we miss out while selecting an actively managed mutual fund is the AUM.

In equity, moderate the better. In debt, higher the better.

#investing

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