Blog
What the numbers said — fund returns and costs, foreign and domestic flows, index valuations, gold and silver — plus tax, retirement and personal-finance basics, written from the same data the rest of this site shows, with the date on every figure.
17 new fund offers in two weeks: seven are index funds
13 Oct 2026
Seventeen NFOs opened between 28 September and 12 October 2026. Seven were index funds, four ETFs, and quant launched three on the same day.
Fund Industry
Nifty Next 50 now trades below the Nifty 50 on P/E
13 Oct 2026
On 12 October 2026 the Nifty Next 50's P/E was 17.9 against 19.1 for the Nifty 50, a gap of −1.2 points. The gap since 1999, from −12 to +71.
Market Valuations
What mutual funds added most of in September 2026
13 Oct 2026
From 1,974 scheme portfolios, funds added about ₹5,133 crore of BSE shares and ₹3,623 crore of Reliance in September 2026. The top ten, and a caution.
Portfolio Holdings
Banking & PSU debt funds: 4.51% median, October 2026
12 Oct 2026
The median banking and PSU debt fund returned 4.51% in the year to 9 October 2026 and 7.13% a year over three. UTI led at 5.98%; the range was 2.35 points.
Debt & Hybrid FundsFund Returns
Best minus worst: the one-year gap inside each category
12 Oct 2026
In the year to 9 October 2026 focused funds had a 37-point gap between best and worst, small caps 32 and large caps 15.6. Fund choice mattered most in these.
Fund ReturnsInvesting Strategy
Equity fund expense ratios by fund house, 2026
12 Oct 2026
Across 591 equity funds the average Direct plan charges 1.20% and Regular 2.35%. Among larger houses Mirae Asset averages 0.81%, Motilal Oswal 1.59%.
Costs & Fees
Equity savings funds: 2.54% median in a year, October 2026
12 Oct 2026
The median equity savings fund returned 2.54% in the year to 9 October 2026 and 8.23% a year over three. Only two of 23 beat the median arbitrage fund.
Fund Returns
FII and DII flows by day of the week, 2025 and 2026
12 Oct 2026
FIIs sold most on Fridays in 2026 (₹2,875 crore a day) and on Mondays in 2025. The heaviest day changed, as chance alone would produce. Both years side by side.
FII & DII FlowsFocused funds: 18 of 28 lost money in a year, October 2026
12 Oct 2026
The median focused fund returned -1.75% in the year to 9 October 2026 but 11.5% a year over three. Motilal Oswal led at 24.4%; Franklin trailed at -13.0%.
Fund Returns
Largest fund houses by AUM, July–September 2026
12 Oct 2026
The industry averaged ₹87.22 lakh crore in July–September 2026. SBI led with 15.02%; Mirae Asset passed Tata and Motilal Oswal passed HSBC. Full top 20.
Fund Industry
Multi-asset funds: 26 of 30 gained in a year, October 2026
12 Oct 2026
The median multi-asset fund returned 4.92% in the year to 9 October 2026 and 14.36% a year over three, while the Nifty 50 fell 10.57%. Gold did far better.
Fund Returns
The rupee against 16 currencies: 2026, 5 and 10 years
12 Oct 2026
To 9 October 2026 the dollar cost 7.9% more rupees than at 2025's close. The yen cost 6.6% more in 2026 but 8.7% less than five years ago.
Market Recap
Tata Mutual Fund by the numbers: 9th a year ago, 11th now
12 Oct 2026
Tata managed ₹2,36,199 crore in July–September 2026, 11th among fund houses after ranking 9th a year ago. Its equity funds are cheap but mostly mid-table.
Fund IndustryFund ReturnsCorporate bond funds returned 4.47% in a year to October
11 Oct 2026
The median corporate bond fund returned 4.47% in the year to 9 October 2026, short of the median liquid fund's 6.50%. The range ran from 3.53% to 5.94%.
Debt & Hybrid FundsFund Returns
Dynamic bond funds returned 3.54% in a year to October
11 Oct 2026
The median dynamic bond fund returned 3.54% in the year to 9 October 2026, down from 5.25% in August. Only five of 22 beat the median corporate bond fund.
Debt & Hybrid FundsFund Returns
Gold and silver in every Samvat since 2007
11 Oct 2026
Gold rose in 13 of 18 Diwali-to-Diwali years since 2007, silver in 10. Gold's median year was +15.1%, silver's +12.9%, but silver's swings were far wider.
Gold & SilverInvesting StrategyInsurance, NBFC and housing finance indices since June
11 Oct 2026
Four NSE financial indices fell 3% to 8% from 15 June to 9 October 2026, yet their P/Es dropped far more, as earnings caught up. Prices, P/E and P/B.
Market ValuationsSectorsMicrocap 250 vs smallcap and midcap indices, October 2026
11 Oct 2026
The Nifty Microcap 250 rose 9.3% in a year to 9 October 2026 and 19.4% a year over five, ahead of smallcap and midcap. One index fund tracks it.
Fund ReturnsMarket Valuations
REIT and InvIT index: shallow falls, 6.6% yield
11 Oct 2026
The Nifty REITs & InvITs index rose 3.7% in the year to 9 October 2026 and 12.7% a year over three, with a worst fall of 7.8% since 2023. Yield and caveats.
Market ValuationsInvesting StrategyNine newer NSE sector indices: price and P/E since June
11 Oct 2026
From 15 June to 9 October 2026, Nifty Retail rose 7.7% and Nifty Power fell 13.4%. P/E ranges from 15 (Telecom) to 209 (Retail). Nine sector indices compared.
Market ValuationsSectors