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.
Nifty 50 index funds: tracking error and the cost gap
01 Oct 2026
14 Nifty 50 index funds returned 5.50% to 6.20% a year over five years to 30 September 2026, against an estimated 6.49% for the index. Fees explain the gap.
Fund ReturnsCosts & Fees
International funds in 2026: how much was the rupee?
01 Oct 2026
The median overseas equity fund-of-funds returned 24.56% in the year to 30 September 2026. The dollar's 8.28% rise against the rupee supplied about 9.5 points.
Fund IndustryFund Returns
IT stocks in mutual funds: 5.4% of equity money
01 Oct 2026
Equity funds held ₹2,02,030 crore in Indian IT companies on 31 August 2026, 5.43% of their shares. Coforge outweighed TCS; Wipro was in just 19 schemes.
Portfolio HoldingsSectors
Large-cap funds vs the Nifty 50: 22 of 27 won over 5 years
01 Oct 2026
Over the five years to 30 September 2026, 22 of 27 large-cap funds (Direct, Growth) beat an estimated Nifty 50 total return of 6.49% a year. By how much.
Fund Returns
Large-cap rolling returns: 13.80%, not the 8.47% you see
01 Oct 2026
The median large-cap fund's trailing 5-year return is 8.47% a year, but its average 5-year rolling return since 2013 is 13.80%. Why they differ, to 30 Sep 2026.
Fund Returns
Largest equity mutual funds in India by AUM, 2026
01 Oct 2026
Parag Parikh Flexi Cap averaged ₹1,40,660 crore in April–June 2026, India's largest active equity fund. The top 15, and how much of the money they hold.
Fund IndustryPortfolio Holdings
Largest mutual fund houses in India by AUM, 2026
01 Oct 2026
SBI Mutual Fund managed ₹12.57 lakh crore on average in April–June 2026, 15.1% of the industry's ₹83.14 lakh crore. The full league table and its shape.
Fund Industry
Liquid funds returned 6.46% in a year; overnight 5.26%
01 Oct 2026
Over the year to 30 September 2026 the median liquid fund returned 6.46% and the median overnight fund 5.26%. How close together the funds in each finished.
Debt & Hybrid FundsFund ReturnsMid-cap fund returns: every one is up over the year
01 Oct 2026
All 31 mid-cap funds with a one-year record gained in the year to 30 September 2026; the median made 6.26%. Their 1, 3 and 5-year spread, best and worst.
Fund ReturnsThe stocks Indian mutual funds own most: August 2026
01 Oct 2026
ICICI Bank sits in 336 of 587 equity schemes, ₹1,64,123 crore in all, on 31 August 2026 disclosures. The most widely held stocks, by count and by value.
Portfolio Holdings
Multi-asset funds returned 7.9% while the Nifty fell
01 Oct 2026
The median multi-asset allocation fund returned 7.85% in the year to 30 September 2026, as the Nifty 50 fell 8.09%. The funds were 15 points apart.
Debt & Hybrid FundsFund ReturnsNew fund offers in September 2026: what launched
01 Oct 2026
21 new schemes began trading in September 2026 and 9 more NFOs opened late in the month. Real-estate index funds, life-cycle funds and four ETFs led the list.
Fund Industry
Nifty 50 P/E at 19.2: where it stands against history
01 Oct 2026
The Nifty 50's P/E closed at 19.19 on 1 October 2026, lower than on all but four days since NSE changed how it calculates the ratio in 2021. What that means.
Market ValuationsNifty Bank P/B at 1.64, near its lowest since 2020
01 Oct 2026
Nifty Bank closed at a price-to-book of 1.64 on 1 October 2026. Since 2021 only two days were lower, and since 2003 only 5.4% of days. Why P/B matters here.
Market ValuationsNifty dividend yield at 1.23%, and the payout behind it
01 Oct 2026
The Nifty 50 yielded 1.23% on 1 October 2026, below its 1.30% median since 1999, though its P/E is low. The dividends behind the index fell 17% in a year.
Market ValuationsNifty Midcap 150 P/E at 28.1: below its median
01 Oct 2026
The Nifty Midcap 150 closed at a P/E of 28.10 on 1 October 2026, under its 30.34 median since 2021, while its 0.72% dividend yield sits near a low.
Market Valuations
Nifty Smallcap 250 P/E at 34.1: dearer than 89% of days
01 Oct 2026
The Nifty Smallcap 250 closed at a P/E of 34.05 on 1 October 2026, higher than on 89% of days since 2021 and 1.77 times the Nifty 50. Why it rose.
Market ValuationsPharma and healthcare stocks in mutual funds: 10%
01 Oct 2026
Equity funds held ₹3,73,711 crore in Indian pharma and healthcare companies on 31 August 2026, 10.05% of their shares. Mid caps held the most.
Portfolio HoldingsSectorsHow much the six largest flexi-cap funds overlap
01 Oct 2026
On 31 August 2026 the six largest flexi-cap funds overlapped by 21% to 40% in pairs. HDFC and Kotak Flexi Cap were closest; Parag Parikh stood furthest apart.
Portfolio HoldingsSector mix: large-cap vs mid-cap vs small-cap funds
01 Oct 2026
Large-cap funds had 26.16% in banks on 31 August 2026; small-cap funds 7.17%. Small caps lean on industrial products and auto parts instead. The full split.
SectorsPortfolio Holdings