{"id":3821,"date":"2019-10-28T01:45:12","date_gmt":"2019-10-28T01:45:12","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=3821"},"modified":"2021-12-15T11:00:30","modified_gmt":"2021-12-15T11:00:30","slug":"increasing-wealth-ease-of-doing-business-index-out-performance","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/increasing-wealth-ease-of-doing-business-index-out-performance\/","title":{"rendered":"Increasing Wealth, Ease of Doing Business &amp; Index Out-performance"},"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-69dcc77de52d5\" 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-69dcc77de52d5\"><\/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\/increasing-wealth-ease-of-doing-business-index-out-performance\/#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\/increasing-wealth-ease-of-doing-business-index-out-performance\/#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\/increasing-wealth-ease-of-doing-business-index-out-performance\/#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\/increasing-wealth-ease-of-doing-business-index-out-performance\/#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\/increasing-wealth-ease-of-doing-business-index-out-performance\/#What_Investors_Sold\" title=\"What Investors Sold\">What Investors Sold<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/increasing-wealth-ease-of-doing-business-index-out-performance\/#Quote_of_the_week\" title=\"Quote of the week:\">Quote of the week:<\/a><\/li><\/ul><\/nav><\/div>\n<p><strong><a href=\"https:\/\/www.credit-suisse.com\/media\/assets\/corporate\/docs\/about-us\/research\/publications\/global-wealth-report-2019-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Credit Suisse Global Wealth Report<\/a><\/strong><span style=\"font-weight: 400;\"> released on Monday showed that 7,59,000 Indians have wealth over USD $ 1 Million, up from 7,25,000 millionaires in 2018. India now hosts 2% of the global millionaires. <\/span><span style=\"font-weight: 400;\"><strong>Total household wealth in India increased to USD $ 12.6 Trillion in 2019<\/strong>, a jump of 5.2% from 2018. Wealth per adult increased by 3.3% during the last 1 year and now stands at USD $ 14,569.\u00a0<\/span><\/p>\n<figure id=\"attachment_3822\" aria-describedby=\"caption-attachment-3822\" style=\"width: 940px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-3822 size-full\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/10\/Wealth-report-2019.jpg\" alt=\"\" width=\"940\" height=\"608\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/10\/Wealth-report-2019.jpg 940w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/10\/Wealth-report-2019-300x194.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/10\/Wealth-report-2019-768x497.jpg 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><figcaption id=\"caption-attachment-3822\" class=\"wp-caption-text\"><em>Source: <\/em>Credit Suisse Global wealth report 2019<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">As per the report, Indians hold an average of about US $13,000 in physical assets and roughly US $3,000 in financial assets. Debt per adult comes to USD $1,345. The report also projects total wealth in India to grow by 43% over the next 5 years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In welcome news for the economy, <strong>India moved from 77th to 63rd position in <\/strong><\/span><strong><a href=\"https:\/\/www.worldbank.org\/content\/dam\/doingBusiness\/media\/Annual-Reports\/English\/DB2019-report_web-version.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">World Bank\u2019s Ease of Doing Business rankings<\/a><\/strong><span style=\"font-weight: 400;\"><strong>.<\/strong> India\u2019s ranking has consistently improved from 142nd in 2014 to 63rd in 2019. The government had earlier set a target of becoming one of the top 50 countries in the ease of doing business rankings by 2020.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A nation&#8217;s ranking on the Ease of Doing Business Index is based on the average of 10 criteria:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Starting a business<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dealing with construction permits<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Getting electricity<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Registering property<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Getting credit<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Protecting investors<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Paying taxes<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Trading across borders<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Enforcing contracts<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Resolving insolvency<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">With the implementation of the Insolvency and Bankruptcy Code, the country jumped 56 places from 108th to 52nd in resolving insolvency. The time taken for resolving insolvency has reduced from 4.3 years to 1.6 years.\u00a0<\/span><\/p>\n<p><strong>SPIVA (S&amp;P Index Vs Active) published the <a href=\"https:\/\/us.spindices.com\/documents\/spiva\/spiva-india-mid-year-2019.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Mid-Year report for 2019<\/a><\/strong><span style=\"font-weight: 400;\"> this week. SPIVA studies the outperformance of active managers vs benchmark Indices all over the world. Their India report includes a 10-year comparison of Index Vs Active funds in the Indian Mutual Fund landscape.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The report shows that over the one year period ending 28 June 2019, 76.67% of Indian Equity Large-Cap Funds and 80.95% of Indian ELSS Funds underperformed compared to their respective benchmarks. On the other hand, 81.08% of\u00a0 Indian Mid-\/Small-Cap Equity funds outperformed the benchmark over the one year period ending 28 June 2019.\u00a0<\/span><\/p>\n<figure id=\"attachment_3824\" aria-describedby=\"caption-attachment-3824\" style=\"width: 956px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-3824 size-full\" src=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/10\/SPIVA-Index-Outperformance.jpg\" alt=\"\" width=\"956\" height=\"571\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/10\/SPIVA-Index-Outperformance.jpg 956w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/10\/SPIVA-Index-Outperformance-300x179.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2019\/10\/SPIVA-Index-Outperformance-768x459.jpg 768w\" sizes=\"(max-width: 956px) 100vw, 956px\" \/><figcaption id=\"caption-attachment-3824\" class=\"wp-caption-text\"><em>Source: <\/em>SPIVA India Scorecard Mid-Year 2019<\/figcaption><\/figure>\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 style=\"height: 208px;\" border=\"0\" width=\"530\" 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>-0.7%<\/td>\n<td>14.4%<\/td>\n<td>10.0%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NIFTY NEXT 50<\/td>\n<td>-0.2%<\/td>\n<td>10.3%<\/td>\n<td>5.7%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SENSEX<\/td>\n<td>-0.6%<\/td>\n<td>15.9%<\/td>\n<td>11.6%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SmallCap<\/td>\n<td>0.2%<\/td>\n<td>-3.3%<\/td>\n<td>-0.9%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE MidCap<\/td>\n<td>-0.5%<\/td>\n<td>3.3%<\/td>\n<td>1.9%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NASDAQ 100<\/td>\n<td>2.0%<\/td>\n<td>14.4%<\/td>\n<td>18.0%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P 500<\/td>\n<td>1.2%<\/td>\n<td>11.7%<\/td>\n<td>12.1%<\/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 style=\"height: 156px;\" border=\"0\" width=\"530\" 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\/hsbc-brazil-growth--HSHBFG-GR\">HSBC Brazil<\/a><\/td>\n<td>3.8%<\/td>\n<td>11.0%<\/td>\n<td>7.3%<\/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>2.8%<\/td>\n<td>21.7%<\/td>\n<td>-0.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/sbi-healthcare-opportunities-growth--SBD035G-GR\">SBI Healthcare Opportunities<\/a><\/td>\n<td>2.5%<\/td>\n<td>-1.6%<\/td>\n<td>-6.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-gold-growth--BS916GZ-GR\">Aditya Birla Sun Life Gold<\/a><\/td>\n<td>2.2%<\/td>\n<td>21.8%<\/td>\n<td>8.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/uti-healthcare-growth--UTGPD2-GR\">UTI Healthcare<\/a><\/td>\n<td>2.2%<\/td>\n<td>-1.5%<\/td>\n<td>-4.3%<\/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=\"Top_5_worst_performing_funds\"><\/span><strong>Top 5 worst performing funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<table style=\"height: 151px;\" border=\"0\" width=\"531\" 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\/icici-prudential-technology-growth--8019-GR\">ICICI Prudential Technology<\/a><\/td>\n<td>-6.6%<\/td>\n<td>-1.2%<\/td>\n<td>13.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-digital-india-growth--BS16Z-GR\">Aditya Birla Sun Life Digital India<\/a><\/td>\n<td>-4.9%<\/td>\n<td>8.0%<\/td>\n<td>15.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/tata-digital-india-growth--TADIFGZ-GR\">Tata Digital India<\/a><\/td>\n<td>-4.9%<\/td>\n<td>6.5%<\/td>\n<td>17.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/franklin-india-technology-growth--413-GR\">Franklin India Technology<\/a><\/td>\n<td>-4.7%<\/td>\n<td>1.8%<\/td>\n<td>10.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/sbi-technology-opportunities-growth--SBD034G-GR\">SBI Technology Opportunities<\/a><\/td>\n<td>-4.5%<\/td>\n<td>7.6%<\/td>\n<td>12.9%<\/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<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 style=\"height: 155px;\" border=\"0\" width=\"530\" 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\/axis-bluechip-growth--AXEFDG-GR\">Axis Bluechip<\/a><\/td>\n<td>-1.1%<\/td>\n<td>27.3%<\/td>\n<td>16.5%<\/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>-0.6%<\/td>\n<td>15.8%<\/td>\n<td>11.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/parag-parikh-long-term-equity-growth--PP001ZG-GR\">Parag Parikh Long Term Equity<\/a><\/td>\n<td>-0.0%<\/td>\n<td>15.6%<\/td>\n<td>11.4%<\/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>-0.3%<\/td>\n<td>18.8%<\/td>\n<td>11.0%<\/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>0.4%<\/td>\n<td>19.1%<\/td>\n<td>12.0%<\/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=\"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 style=\"height: 155px;\" border=\"0\" width=\"530\" 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\/idfc-arbitrage-growth--D209-GR\">IDFC Arbitrage<\/a><\/td>\n<td>0.1%<\/td>\n<td>7.2%<\/td>\n<td>6.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/nippon-india-arbitrage-growth--AFAG-GR\">Nippon India Arbitrage<\/a><\/td>\n<td>0.1%<\/td>\n<td>7.2%<\/td>\n<td>7.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/aditya-birla-sun-life-small-cap-growth--BS295GZ-GR\">Aditya Birla Sun Life Small Cap<\/a><\/td>\n<td>-0.7%<\/td>\n<td>-4.3%<\/td>\n<td>-1.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-value-discovery-growth--8176-GR\">ICICI Prudential Value Discovery<\/a><\/td>\n<td>-1.7%<\/td>\n<td>-0.3%<\/td>\n<td>3.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/kuvera.in\/explore\/principal-emerging-bluechip-growth--PCEBZG-GR\">Principal Emerging Bluechip<\/a><\/td>\n<td>-0.1%<\/td>\n<td>11.2%<\/td>\n<td>8.2%<\/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<p><b>Movers &amp; Shakers<\/b><\/p>\n<p><strong>1\/ <a href=\"https:\/\/kuvera.in\/explore\/funds\/icici\">ICICI Prudential Mutual Fund<\/a><\/strong><span style=\"font-weight: 400;\"> has appointed Bernard Teo as Director on the Board of ICICI Prudential Asset Management Company Limited, with effect from 23 October 2019.\u00a0<\/span><\/p>\n<p><strong>2\/ <a href=\"https:\/\/kuvera.in\/explore\/amc\/franklin\">Franklin Templeton Mutual Fund<\/a><\/strong><span style=\"font-weight: 400;\"> has appointed Sanjaya Johri as an Independent Director on the Board of Franklin Templeton Trustee Services Private Limited, with effect from 17 October 2019.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Quote_of_the_week\"><\/span><strong>Quote of the week:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<blockquote><p>&nbsp;<\/p>\n<div>\n<p><strong>The secret of success is to do the common thing uncommonly well.<\/strong><\/p>\n<\/div>\n<div>\n<p><strong>: John D. Rockefeller Jr.<\/strong><\/p>\n<\/div>\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>Credit Suisse Global Wealth Report released on Monday showed that 7,59,000 Indians have wealth over USD $ 1 Million, up from 7,25,000 millionaires in 2018. India now hosts 2% of the global millionaires. Total household wealth in India increased to USD $ 12.6 Trillion in 2019, a jump of 5.2% from 2018. Wealth per adult [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/increasing-wealth-ease-of-doing-business-index-out-performance\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":3845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[209,167,259,83,36,225,11,66,280,281,154,212,249,274,229,213],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Increasing Wealth, Ease of Doing Business &amp; Index Out-performance - Kuvera<\/title>\n<meta name=\"description\" content=\"Credit Suisse Global Wealth Report shows that 7,59,000 Indians have wealth over USD $ 1 Million, up from 7,25,000 millionaires in 2018.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/increasing-wealth-ease-of-doing-business-index-out-performance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Increasing Wealth, Ease of Doing Business &amp; 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