WealthLens

Free tools for India’s money decisions:
📈 @pratikvimal · Not advice

[WealthLens @WealthLensHQ]

@BaluGorade Worth a number. Four funds whose August portfolios I compared line by line sold ₹1,827 cr of stock in that one month, on ₹1.48 lakh cr of AUM. No tax event at the fund level.

On ₹10 lakh at an illustrative 12%, taxing each year's gain instead costs ₹23 lakh over 20 years.

[WealthLens @WealthLensHQ]

@Kenu73 Someone asked in the replies what happens if you normalise this. That is the interesting part.

$100,000 is 1.1x GDP per capita in the US, 1.8x in Canada and 37x in India.

The rate lands between 29% and 34% in all three. What changes is whose income it lands on.

[WealthLens @WealthLensHQ]

@cards_wizard One India-side wrinkle: on an Axis Atlas, Turkish is a Group A partner, and Group A transfers are capped at 30,000 EDGE Miles a calendar year, against 1,20,000 for Group B.

Filling that cap takes ₹15L of everyday spend, or ₹6L of direct travel spend.

[WealthLens @WealthLensHQ]

$META is up 8.65% at $722.80.

One session has added about $147 bn of market value - more than the $104 bn Facebook was worth at its 2012 IPO.

Trigger: Muse, its AI assistant, at No. 1 on the US App Store. Connect opens 23 Sep.

The other half: $130-145 bn of capex.

[WealthLens @WealthLensHQ]

@growth_edge_ Two flat years and the XIRR barely moved:

Quant Small Cap — 18.50%
Nippon India Small Cap — 16.94%

The screen looked dead for most of it. Compounding doesn't need the screen to look alive.

Amounts blurred, returns aren't 😄

[WealthLens @WealthLensHQ]

@growth_edge_ Two different numbers, both in the DRHP.

Stock: gross stage 3 (90+ days overdue) was 2.53% of on-book loans at 31 Dec 2025, from 0.94% in Mar 2024. Net of provisions 0.63%.

Flow: annualised loss rate 7.07% in FY25, against an industry 9.35%.

[WealthLens @WealthLensHQ]

Morgan Housel put the same idea in one line:

"The highest form of wealth is the ability to wake up every morning and say, 'I can do whatever I want today.'"

The Psychology of Money, chapter 7, where he also calls time the highest dividend money pays. @morganhousel

https://t.co/sy3LVeUzeo

[Karun Pal @karunpal]

The real purpose of wealth is to have the calm to live your life your way. It's to have the freedom to slow down. To spend your days doing things that you actually care about. That’s what money is really for. Not to impress strangers. Or to collect expensive distractions. But to own your time. To have a quiet breakfast without checking emails. Long dinners without looking at the clock. Conversations without feeling rushed. A calm weekend without thinking about the spreadsheet you need to turn in on Tuesday. Time to read. To think. To explore your interests. That’s real wealth. Everything else is noise.

[WealthLens @WealthLensHQ]

@karunpal Morgan Housel put the same idea in one line:

"The highest form of wealth is the ability to wake up every morning and say, 'I can do whatever I want today.'"

The Psychology of Money, chapter 7, where he also calls time the highest dividend money pays. @morganhousel

[WealthLens @WealthLensHQ]

@ShortTermStock1 Same month with the rupee sizes attached: ₹974 cr bought against ₹60 cr sold, Manipal Health ₹267 cr of that, and healthcare taking ₹438 cr of the buying.

Full line-by-line breakdown, including the June share counts:
https://t.co/okZRzFFzsA

[WealthLens @WealthLensHQ]

Invesco India Small Cap, a ₹15,744 cr fund, published its August portfolio.

I compared it with July, line by line.

₹974 cr bought. ₹60 cr sold. That's 16 rupees in for every one out.

Biggest buy: Manipal Health, ₹267 cr, straight to 1.7% of the fund.

Here's what changed:

[WealthLens @WealthLensHQ]

August in one line: five new names, no exits, and half the money into hospitals and eye care.

Source: Invesco MF monthly portfolio files, 30 Jun, 31 Jul and 31 Aug 2026. Buys valued at 31 Aug prices. Not a recommendation.

[WealthLens @WealthLensHQ]

Invesco India Small Cap, a ₹15,744 cr fund, published its August portfolio.

I compared it with July, line by line.

₹974 cr bought. ₹60 cr sold. That's 16 rupees in for every one out.

Biggest buy: Manipal Health, ₹267 cr, straight to 1.7% of the fund.

Here's what changed:

[WealthLens @WealthLensHQ]

6/ Everything else stayed put.

70 stocks, up from 65, with zero exits. The top 10 are 34.9% of the fund.

AUM rose ₹1,270 cr; NAV was up 3.4%, so roughly ₹775 cr of that was new money.

[WealthLens @WealthLensHQ]

@contliving The India numbers behind the same idea.

For every 100 SIPs started in August, 81 were stopped or matured.

And the money leans to the movers: small cap funds carry 17.3% volatility against 13.4% for large caps, and small, mid, flexi and thematic took half of August's SIP flows.

[WealthLens @WealthLensHQ]

August in one line: money out of paints and NTPC, into coal, power and three fresh IPOs, with 83% of the book untouched.

Source: Nippon India MF monthly portfolio files, 31 Jul and 31 Aug 2026. Buys valued at 31 Aug prices. Not a recommendation.

[WealthLens @WealthLensHQ]

Nippon India Small Cap, India's largest small-cap fund at ₹82,580 cr, published its August portfolio.

I compared it with July, line by line.

₹1,720 cr bought, ₹964 cr sold.

Biggest buy: Coal India, +₹402 cr. Biggest sell: Asian Paints, −₹245 cr.

Here's what changed:

[WealthLens @WealthLensHQ]

7/ Where the money came from.

AUM rose ₹3,624 cr. NAV was up 3.69%, so about ₹2,915 cr of that was market gain and roughly ₹710 cr was net inflow.

Net stock buying was ₹756 cr. Cash in TREPS barely moved: 2.40% → 2.59%.