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.
Mid-cap fund returns in August 2026: near the top
07 Aug 2026
To 6 August 2026 the median mid-cap fund returned 12.24% over a year and 19.93% a year over three. 29 of 33 funds were within 1% of their record NAV.
Fund Returns
New mutual funds in July 2026: 17 launches
07 Aug 2026
17 new schemes published a first NAV in July 2026, up from 5 in June. Life-cycle funds, multi-asset funds and momentum index products led the list.
Fund Industry
Nifty 50 P/E at 20.91 as its P/B sets new lows
06 Aug 2026
The Nifty 50 closed at a P/E of 20.91 on 5 August 2026. Its P/B fell to 2.95 in late July, the lowest since June 2020, as book value outgrew price.
Market Valuations
Equity fund scorecard, July 2026: large caps on top
05 Aug 2026
Large-cap funds led July 2026 with a median gain of 2.70%; small caps trailed at 1.29%. The median equity fund is now up 2.20% for 2026. NAVs to 31 July.
Fund Returns
FII vs DII in July 2026: the lightest selling this year
04 Aug 2026
FIIs sold a net ₹5,779 crore in July 2026, the smallest monthly sale of the year, and bought on 10 of 23 sessions. DIIs bought ₹35,099 crore.
FII & DII Flows
Gold up 1.6%, silver down 2.3% in July 2026
04 Aug 2026
Gold rose 1.6% to ₹1,24,564 per 10 grams in July 2026, its calmest month of the year. Silver slipped 2.3% and ended 47.7% below its January peak.
Gold & SilverJuly 2026 in numbers: IT's rebound and a calmer market
03 Aug 2026
Nifty IT rose 16.8% in July 2026, its best month since July 2020, and the Nifty 50 2.2%. FII selling shrank to ₹5,779 crore and India VIX fell to 11.76.
Market Recap
Defence funds in July 2026: up 19% this year
30 Jul 2026
The Nifty India Defence was up 19.02% for 2026 on 29 July, with the Nifty 50 down 7.19%. The six defence funds, one active and five passive, against it.
SectorsFund Returns
Fastest-growing fund houses, April–June 2026
29 Jul 2026
Industry AUM rose 1.97% in April–June 2026. Helios grew 18.1%, WhiteOak 13.2% and Zerodha 11.5%; Motilal Oswal and quant bounced back. Who grew and who shrank.
Fund Industry
Multi-asset funds: 10.58% in a year, gold did the work
27 Jul 2026
The median multi-asset fund returned 10.58% in the year to 24 July 2026 while the Nifty 50 fell 5.17%. Nearly all of it came in the six months gold rose 68%.
Debt & Hybrid FundsFund Returns
Nifty 50 rolling returns: how often has it lost money?
23 Jul 2026
Since 2007, 21.26% of 1-year Nifty 50 windows lost money, 2.60% of 3-year ones and none of the 10-year ones. The full range, to 22 July 2026, on price alone.
Market ValuationsMarket Recap
Nifty IT P/E at 18.7: what changed since March
22 Jul 2026
Nifty IT closed at a P/E of 18.68 on 21 July 2026, down from 21.08 in March, with the price 2% lower and earnings 10% higher. Its low of 16.91 came on 1 July.
Market ValuationsSectorsLargest fund houses by AUM, April–June 2026
21 Jul 2026
Industry AUM rose 1.97% to ₹83.14 lakh crore in April–June 2026. SBI still leads with 15.1%, but the three largest houses all lost share. The top 15.
Fund Industry
Gilt funds gained 2.58% in the three months to July
20 Jul 2026
The median gilt fund returned 2.58% in the three months to 17 July 2026, after 0.19% in the three to March. Long bonds, the laggards then, led the turn.
Debt & Hybrid Funds
Infrastructure fund returns in July 2026 vs the index
17 Jul 2026
To 16 July 2026 the median infrastructure fund returned 20.13% a year over three years and 20.92% over five, beating the Nifty Infrastructure in both.
SectorsFund ReturnsLarge-cap funds since March: same funds, new numbers
16 Jul 2026
The median large-cap fund's one-year return fell from 10.47% in March to −0.54% by 15 July 2026, though its NAV rose 2.04%. What changed and what didn't.
Fund Returns
SIFs in the first half of 2026: six of seven gained
15 Jul 2026
Six of the seven SIFs that ran through the first half of 2026 gained while the Nifty 50 fell 8.7%. Fourteen strategies launched from mid-April, for 28 in all.
Fund IndustryFund Returns
Nifty dividend yield at 1.23% as payouts shrink
14 Jul 2026
The Nifty 50 yielded 1.23% on 13 July 2026, below its 1.30% median since 1999. Dividend Opportunities 50 yields less than on 97% of days since 2012.
Market Valuations
Small-cap funds in July 2026: up 25% from the March low
10 Jul 2026
By 9 July 2026 the median small-cap fund had risen 25.53% from its March low, and 23 of 34 stood above their pre-March peaks. The index is still 4% short.
Fund Returns
Sharpe ratios: which equity funds paid best for risk
09 Jul 2026
To 8 July 2026, the median diversified equity fund had a 3-year Sharpe ratio of 0.57. Bandhan Small Cap led at 1.22; mid caps led the categories at 0.81.
Fund Returns