{"id":3585,"date":"2019-09-14T10:41:38","date_gmt":"2019-09-14T10:41:38","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=3585"},"modified":"2019-09-16T03:40:18","modified_gmt":"2019-09-16T03:40:18","slug":"defaults-recovery-fooled-by-complexity-more","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/defaults-recovery-fooled-by-complexity-more\/","title":{"rendered":"Defaults &#038; Recovery, Fooled by Complexity &#038; More!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d13496af8d6\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d13496af8d6\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/defaults-recovery-fooled-by-complexity-more\/#Index_Returns\" title=\"Index Returns\">Index Returns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/defaults-recovery-fooled-by-complexity-more\/#Top_5_best_performing_funds\" title=\"Top 5 best performing funds\">Top 5 best performing funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/defaults-recovery-fooled-by-complexity-more\/#Top_5_worst_performing_funds\" title=\"Top 5 worst performing funds\">Top 5 worst performing funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/defaults-recovery-fooled-by-complexity-more\/#What_Investors_Bought\" title=\"What Investors Bought\">What Investors Bought<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/defaults-recovery-fooled-by-complexity-more\/#What_Investors_Sold\" title=\"What Investors Sold\">What Investors Sold<\/a><ul class='ez-toc-list-level-5'><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/defaults-recovery-fooled-by-complexity-more\/#Movers_Shakers\" title=\"Movers &amp; Shakers\">Movers &amp; Shakers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/defaults-recovery-fooled-by-complexity-more\/#Quote_of_the_week\" title=\"Quote of the week:\">Quote of the week:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><strong>In the <a href=\"https:\/\/kuvera.in\/blog\/ch-4-first-they-sell-greed-then-fear-and-then-they-sell-complexity\/\" target=\"_blank\" rel=\"noopener noreferrer\">fourth chapter<\/a> of our serialized book, <a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\">Zen And The Art Of Investing<\/a><\/strong><span style=\"font-weight: 400;\">, we look at &#8220;complexity&#8221; and why the lure of complexity is the most difficult to resist. As investors, we have to be aware of the false promise of complexity when taking the simplest of financial decisions like <a href=\"https:\/\/kuvera.in\/blog\/to-lump-sum-or-to-stp-is-the-question\/\" target=\"_blank\" rel=\"noopener noreferrer\">deciding between Lumpsum and STP<\/a>, choosing the SIP date, SIP frequency (monthly or weekly) etc. If you have ever bought into a complex investment plan because it backtested well, then do read and let us know your comments.<br \/>\n<\/span><\/p>\n<blockquote><p>&nbsp;<\/p>\n<p><strong><em>Overtime we learn to identify &#8220;greed&#8221; and &#8220;fear&#8221;. We learn from the past.<\/em><\/strong><\/p>\n<p><strong><em>It is complexity that always gets us.\u00a0<\/em><\/strong><\/p>\n<p><strong><em>With investing and investment advice the promise of false complexity is what the investor has to be most aware of and will find the hardest to avoid.<\/em>\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>Some easy rules which can help in keeping your investing simple are &#8211;<\/p>\n<blockquote><p><span style=\"font-weight: 400;\">1\/ SIP \u2013 keep it going through rain and shine<\/span><\/p>\n<p><span style=\"font-weight: 400;\">2\/ Increase SIP amount to match the increase in your annual salary<\/span><\/p>\n<p><span style=\"font-weight: 400;\">3\/ Always talk to 3 close aides before taking a transaction decision<\/span><\/p>\n<p><span style=\"font-weight: 400;\">4\/ Check your portfolio once a quarter<\/span><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p><strong>Mutual Fund industry AUM increased to R 25.47 lakh crore in August<\/strong> from Rs 24.53 lakh crore in July. The industry witnessed inflows of Rs 102,538 crore in August as against Rs 87,087 crore in the previous month. Equity-oriented schemes saw inflows of Rs 9,090 crore in August, up 12.3% month-on-month.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>The Mutual Fund industry added 5.3 lakh new investor folios in August<\/strong>, taking the overall folio count to 8.53 crore. In comparison, 10.29 lakh folios were created in July 2019. The number of folios under equity and equity-linked saving schemes rose by 4.11 lakh to 6.16 crore in the same period. Folio count of Debt funds has increased to 66.75 lakh, a jump of 1.5 lakh folios over the last month. Liquid funds and Low duration funds have contributed most to this growth with folio count in these categories standing at 16.42 lakh and 9.15 lakh respectively.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/kuvera.in\/explore\/amc\/dsp\" target=\"_blank\" rel=\"noopener noreferrer\">DSP Mutual Fund<\/a><\/strong><span style=\"font-weight: 400;\"><strong> has recovered dues worth Rs 150 crores from DHFL.<\/strong> In June 2019, DHFL had made half payment for money borrowed through commercial paper route. In a statement, DSP Mutual Fund stated &#8211; \u201cOver the past two months we have been engaged with the issuer for the pending recoveries, the remaining amount of 75 crores was paid on 7 September 2019 resulting in a complete recovery\u201d.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\"><strong>Altico Capital India Ltd has defaulted on interest payment of Rs 19.9 crore<\/strong> on an overseas loan taken from Mashreq Bank of Dubai. The NBFC has Rs 4,000 crore+ in outstanding debt, of which mutual fund schemes have exposure of ~ Rs 500 crore. The default in interest payment comes along with a series of rating downgrades. CARE Ratings downgraded it from AA- to B, while India Ratings had downgraded the company\u2019s long and short term debt by one notch to \u201cIND A+&#8221; and \u201cIND A1&#8243; respectively earlier this month.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><span class=\"ez-toc-section\" id=\"Index_Returns\"><\/span><strong>Index Returns<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Index<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NIFTY 50<\/td>\n<td>1.2%<\/td>\n<td>-2.6%<\/td>\n<td>8.3%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NIFTY NEXT 50<\/td>\n<td>1.6%<\/td>\n<td>-10.3%<\/td>\n<td>16.7%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SENSEX<\/td>\n<td>1.1%<\/td>\n<td>-0.9%<\/td>\n<td>9.7%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SmallCap<\/td>\n<td>3.3%<\/td>\n<td>-20.7%<\/td>\n<td>1.2%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE MidCap<\/td>\n<td>2.3%<\/td>\n<td>-15.0%<\/td>\n<td>1.8%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NASDAQ 100<\/td>\n<td>0.5%<\/td>\n<td>4.4%<\/td>\n<td>18.7%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P 500<\/td>\n<td>1.0%<\/td>\n<td>3.5%<\/td>\n<td>12.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: BSE \/ NSE<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><span class=\"ez-toc-section\" id=\"Top_5_best_performing_funds\"><\/span><strong>Top 5 best performing funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Name<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/franklin-india-feeder-franklin-european-growth-fund-growth--FT708-GR\">Franklin India Feeder Franklin Europe&#8230;<\/a><\/td>\n<td>4.7%<\/td>\n<td>-10.8%<\/td>\n<td>2.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/reliance-power-infra-growth--PSAG-GR\">Reliance Power &amp; Infra<\/a><\/td>\n<td>4.1%<\/td>\n<td>-5.4%<\/td>\n<td>6.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/hdfc-infrastructure-growth--INFGT-DP\">HDFC Infrastructure<\/a><\/td>\n<td>4.1%<\/td>\n<td>-11.7%<\/td>\n<td>-2.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/reliance-small-cap-growth--SCAG-GR\">Reliance Small Cap<\/a><\/td>\n<td>3.9%<\/td>\n<td>-15.0%<\/td>\n<td>9.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/invesco-india-feeder-invesco-pan-european-equity-growth--RGPED1-GR\">Invesco India Feeder Invesco Pan Euro&#8230;<\/a><\/td>\n<td>3.4%<\/td>\n<td>-9.3%<\/td>\n<td>7.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Kuvera.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><span class=\"ez-toc-section\" id=\"Top_5_worst_performing_funds\"><\/span><strong>Top 5 worst performing funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Name<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/kotak-world-gold-growth--KO05GD-GR\">Kotak World Gold<\/a><\/td>\n<td>-6.9%<\/td>\n<td>32.0%<\/td>\n<td>-4.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/uti-credit-risk-growth--UTCOD2-GR\">UTI Credit Risk<\/a><\/td>\n<td>-5.6%<\/td>\n<td>-2.8%<\/td>\n<td>4.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/dsp-world-gold-growth--DS758-GR\">DSP World Gold<\/a><\/td>\n<td>-4.9%<\/td>\n<td>46.5%<\/td>\n<td>-3.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/reliance-ultra-short-duration-growth--CDPG-GR\">Reliance Ultra Short Duration<\/a><\/td>\n<td>-3.8%<\/td>\n<td>2.6%<\/td>\n<td>5.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/franklin-india-feeder-franklin-us-opportunities-growth--FR496-GR\">Franklin India Feeder Franklin US Opp&#8230;<\/a><\/td>\n<td>-2.8%<\/td>\n<td>4.2%<\/td>\n<td>18.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Kuvera.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><span class=\"ez-toc-section\" id=\"What_Investors_Bought\"><\/span><strong>What Investors Bought<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>We saw the most inflows in these 5 Funds \u2013<\/p>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Name<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-emerging-bluechip-growth--MAFEBD1-GR\">Mirae Asset Emerging Bluechip<\/a><\/td>\n<td>1.6%<\/td>\n<td>3.5%<\/td>\n<td>13.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/mirae-asset-large-cap-growth--MAFIOD1-GR\">Mirae Asset Large Cap<\/a><\/td>\n<td>1.3%<\/td>\n<td>1.2%<\/td>\n<td>11.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/uti-nifty-index-growth--UTNID2-GR\">UTI Nifty Index<\/a><\/td>\n<td>1.2%<\/td>\n<td>-1.4%<\/td>\n<td>9.4%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/axis-bluechip-growth--AXEFDG-GR\">Axis Bluechip<\/a><\/td>\n<td>1.3%<\/td>\n<td>6.6%<\/td>\n<td>13.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/kotak-standard-multicap-growth--KO168D-GR\">Kotak Standard Multicap<\/a><\/td>\n<td>1.7%<\/td>\n<td>0.7%<\/td>\n<td>10.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Kuvera.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table class=\"mcnTextBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnTextBlockOuter\">\n<tr>\n<td class=\"mcnTextBlockInner\" valign=\"top\">\n<table class=\"mcnTextContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\">\n<h4 class=\"null\"><span class=\"ez-toc-section\" id=\"What_Investors_Sold\"><\/span><strong>What Investors Sold<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>We saw the most outflows in these 5 Funds \u2013<\/p>\n<table border=\"0\" width=\"585\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"303\" height=\"20\"><strong>Name<\/strong><\/td>\n<td width=\"97\"><strong>1W<\/strong><\/td>\n<td width=\"97\"><strong>1Y<\/strong><\/td>\n<td width=\"88\"><strong>3Y<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/edelweiss-arbitrage-growth--EDATDG-GR\">Edelweiss Arbitrage<\/a><\/td>\n<td>0.1%<\/td>\n<td>7.4%<\/td>\n<td>6.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-regular-gold-saving-growth--8130-GR\">ICICI Prudential Regular Gold Saving<\/a><\/td>\n<td>-1.3%<\/td>\n<td>20.4%<\/td>\n<td>5.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/quantum-gold-saving-growth--QMFQSGP-GR\">Quantum Gold Saving<\/a><\/td>\n<td>-1.3%<\/td>\n<td>21.0%<\/td>\n<td>5.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-regular-saving-growth--8188-GR\">ICICI Prudential Regular Saving<\/a><\/td>\n<td>0.5%<\/td>\n<td>8.2%<\/td>\n<td>8.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/dsp-world-gold-growth--DS758-GR\">DSP World Gold<\/a><\/td>\n<td>-4.9%<\/td>\n<td>46.5%<\/td>\n<td>-3.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: Kuvera.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Movers_Shakers\"><\/span><b>Movers &amp; Shakers<\/b><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p><b>1\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/tata\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Tata Mutual Fund<\/b><\/a> <span style=\"font-weight: 400;\">has announced that Murthy Nagarajan is replacing Naresh Kumar as Fund Manager of <a href=\"https:\/\/kuvera.in\/explore\/tata-gilt-securities-growth--TAGFGZ-GR\" target=\"_blank\" rel=\"noopener noreferrer\">Tata gilt securities fund<\/a> with effect from 14 September 2019.<\/span><\/p>\n<p><b>2\/\u00a0 <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/franklin\" target=\"_blank\" rel=\"noopener noreferrer\"><b>Franklin Templeton Mutual Fund <\/b><\/a><span style=\"font-weight: 400;\">has appointed Sandra Martyres as an independent director on the Board of Franklin Templeton Trustee Services. <\/span><\/p>\n<p>&nbsp;<\/p>\n<h5><span class=\"ez-toc-section\" id=\"Quote_of_the_week\"><\/span><strong>Quote of the week:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<blockquote><p>&nbsp;<\/p>\n<p class=\"thin-quote investor-quote\"><strong>That&#8217;s been one of my mantras &#8211; focus and simplicity. <\/strong><\/p>\n<p><strong>Simple can be harder than complex: you have to work hard to get your thinking clean to make it simple. But it&#8217;s worth it in the end because once you get there, you can move mountains. <\/strong><\/p>\n<p><strong>: Steve Jobs<\/strong><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the fourth chapter of our serialized book, Zen And The Art Of Investing, we look at &#8220;complexity&#8221; and why the lure of complexity is the most difficult to resist. As investors, we have to be aware of the false promise of complexity when taking the simplest of financial decisions like deciding between Lumpsum and [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/defaults-recovery-fooled-by-complexity-more\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":3598,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[209,258,167,259,83,36,225,11,66,212,249,229,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defaults &amp; Recovery, Fooled by Complexity &amp; More! - Kuvera<\/title>\n<meta name=\"description\" content=\"Simplicity in investting can be harder to achieve. Learn how advisors can sell you complexity and how you can avoid it for better returns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cnbctv18.com\/personal-finance\/all-you-need-to-know-about-mutual-funds-last-week-4-4351061.htm\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Defaults &amp; Recovery, Fooled by Complexity &amp; More! - Kuvera\" \/>\n<meta property=\"og:description\" content=\"Simplicity in investting can be harder to achieve. Learn how advisors can sell you complexity and how you can avoid it for better returns.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cnbctv18.com\/personal-finance\/all-you-need-to-know-about-mutual-funds-last-week-4-4351061.htm\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-14T10:41:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-16T03:40:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/09\/TopReturns.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1424\" \/>\n\t<meta property=\"og:image:height\" content=\"753\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gaurav Rastogi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gaurav Rastogi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Defaults & Recovery, Fooled by Complexity & More! - Kuvera","description":"Simplicity in investting can be harder to achieve. 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