Holy shit. 8000 crores raised IN NFOs in a month. Look at the schemes, all pointless garbage!

https://t.co/jZoancOqqa

If you look closely, 4 out of the 6 top NFOs in terms of money raised are from bank owned NFOs. These AMCs are notoriously skilled at selling garbage funds through their banking channels. They've turned mis-selling into an art. They're are Picasso's of mis-selling
One would be excused for thinking these are intent based allocations by investors which isn't the case. These funds would've been sold mis-sold by any way possible. Bank RMs are incentivized to do so.
Otherwise, in a country where people don't understand a simple mutual funds, expecting people to understand a worthless and pointless ESG fund a d then allocating 1500 crores is a mega stretch. ICICI Pru too had raised 1000+cr for its ESG fund.
The fact that these new funds are raising so much money to me is a negative. In a time like this, where will retail investors find fresh money to allocate? Which means they must doing stupid things like selling other funds.
Look at funds closely. One of the funds are doing anything unique which isn't on offer. Worse yet, many of these funds don't even have an investment thesis, its just pure fluff and gas.
As long as there are gullible investors, AMCs will continue to milk them for all they can. It's not surprising that only about 20-30% of all equity assets stay invested in equity funds for more than 5 years 🤦
To the investors, just because an NFO is available at Rs 10 doesn't mean, you'll become rich. But this stupidity will continue and this is another long pointless rant in a series of pointless rant.
For people who want to listen, remember, what's good for the AMCs is rarely good for the investors.

https://t.co/hRYFBGxy3O
But, I'll bet that that NFO gold rush isn't yet done. AMCs will rush all sorts of nonsense and garbage funds in the coming months. This bull market milking of gullible idiots will continue until this party ends.

More from #ESG compliant verbal farts

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TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

1/ Free Multi Timeframe Analysis

Step 1. Download Vivaldi Browser

Step 2. Login to trading view

Step 3. Open bank nifty chart in 4 separate windows

Step 4. Click on the first tab and shift + click by mouse on the last tab.

Step 5. Select "Tile all 4 tabs"


What happens is you get 4 charts joint on one screen.

Refer to the attached picture.

The best part about this is this is absolutely free to do.

Also, do note:

I do not have the paid version of trading view.


2/ Free Multiple Watchlists

Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free


3/ Free Segregation into different headers/sectors

You can create multiple sections sector-wise for free.

1. Long tap on any index/stock and click on "Add section above."
2. Secgregate the stocks/indices based on where they belong.

Kinda like how I did in the picture below.

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