{"id":4365,"date":"2020-03-10T04:58:43","date_gmt":"2020-03-10T04:58:43","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=4365"},"modified":"2021-12-15T11:03:45","modified_gmt":"2021-12-15T11:03:45","slug":"yes-bank-crisis-good-bad-ugly","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/yes-bank-crisis-good-bad-ugly\/","title":{"rendered":"YES bank crisis &#8211; good, bad &#038; ugly!"},"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-69d67cd6e8c1c\" 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-69d67cd6e8c1c\"><\/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\/yes-bank-crisis-good-bad-ugly\/#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\/yes-bank-crisis-good-bad-ugly\/#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\/yes-bank-crisis-good-bad-ugly\/#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\/yes-bank-crisis-good-bad-ugly\/#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\/yes-bank-crisis-good-bad-ugly\/#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\/yes-bank-crisis-good-bad-ugly\/#Most_Watchlisted_Fund\" title=\"Most Watchlisted Fund\">Most Watchlisted Fund<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/yes-bank-crisis-good-bad-ugly\/#Top_ELSS_funds\" title=\"Top ELSS funds\">Top ELSS funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/kuvera.in\/blog\/yes-bank-crisis-good-bad-ugly\/#Movers_Shakers\" title=\"Movers &amp; Shakers\">Movers &amp; Shakers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/kuvera.in\/blog\/yes-bank-crisis-good-bad-ugly\/#Quote_of_the_week\" title=\"Quote of the week:\">Quote of the week:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/kuvera.in\/blog\/yes-bank-crisis-good-bad-ugly\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\"><strong>Shares of Yes Bank dropped 54.89%% on Friday<\/strong>, while Nifty50 and Sensex fell by 2.48% and 2.32% respectively on the last trading day of the week, ending the week in the red. This move comes after the RBI<b>\u00a0<\/b><a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=49476\"><b>imposed a moratorium<\/b><\/a><b> on Yes Bank<\/b> and restricted the withdrawal limit to Rs 50,000 per depositor.\u00a0 <\/span><b>RBI<\/b><strong>\u00a0 announced a <a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=49479\">draft scheme of reconstruction<\/a> of Yes Bank<\/strong> with SBI and LIC leading an investment consortium to bailout the bank.<\/p>\n<p>From what we know so far,<\/p>\n<p><strong>The good<\/strong><\/p>\n<p>1\/ Your deposits are safe. &#8220;<em>I want to assure every depositor&#8217;s money is safe, and I\u2019m in constant touch with RBI<\/em>&#8221; &#8211; Finance Minister Nirmala Sitharaman<\/p>\n<p>2\/ Just to be absolutely clear, so are your FD&#8217;s in Yes bank.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>The bad<\/strong><\/p>\n<p>1\/ You can only withdraw Rs 50,000 from your Yes bank account. This will cause some short term pain to depositors.<\/p>\n<p>2\/ A large part of UPI infrastructure was dependent on Yes bank. We expect this to be up and running in a few days at most. <em>Startups can and will work round the clock until this is fixed.\u00a0<\/em><\/p>\n<p>3\/ If your SIP mandate is linked to a Yes bank account, your SIPs will likely fail till this situation is resolved. <em>Please update your SIP and mandate on Kuvera to another bank, if you can do so.\u00a0<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong>The ugly<\/strong><\/p>\n<p>1\/ The restructuring involves marking Yes banks perpetual bonds to zero. These are the bonds that were held by credit funds. Most of them have already <a href=\"https:\/\/www.nipponindiamf.com\/MediaRoom\/Pages\/Yes-Bank.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">taken a write-down in NAV<\/a> to reflect this.<\/p>\n<p>2\/ The lack of empathy on how this has been handled so far. RBI and FinMin could have formed a scheme first and then announced it for a smoother transition.<\/p>\n<p>3\/ Yes bank stock. It will continue to be volatile. Do you know section 45 of the Banking Regulation? Section 35A of the Act ibid? India&#8217;s bankruptcy code? If you don&#8217;t, do not touch Yes bank stock with a barge pole.<\/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 style=\"height: 210px;\" border=\"0\" width=\"457\" 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>-1.9%<\/td>\n<td>-0.6%<\/td>\n<td>7.0%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NIFTY NEXT 50<\/td>\n<td>-0.7%<\/td>\n<td>-4.6%<\/td>\n<td>2.8%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SENSEX<\/td>\n<td>-1.9%<\/td>\n<td>2.6%<\/td>\n<td>9.0%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE SmallCap<\/td>\n<td>-2.8%<\/td>\n<td>-8.4%<\/td>\n<td>-0.8%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P BSE MidCap<\/td>\n<td>-2.6%<\/td>\n<td>-4.3%<\/td>\n<td>1.8%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">NASDAQ 100<\/td>\n<td>0.8%<\/td>\n<td>19.8%<\/td>\n<td>16.7%<\/td>\n<\/tr>\n<tr>\n<td height=\"19\">S&amp;P 500<\/td>\n<td>0.6%<\/td>\n<td>7.2%<\/td>\n<td>7.8%<\/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: 154px;\" border=\"0\" width=\"487\" 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:\/\/app.kuvera.in\/explore\/edelweiss-greater-china-equity-off-shore-growth--EDGCD1-GR\">Edelweiss Greater China Equity&#8230;<\/a><\/td>\n<td>6.5%<\/td>\n<td>20.8%<\/td>\n<td>18.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/axis-gold-growth--GODG-GR\">Axis Gold<\/a><\/td>\n<td>6.1%<\/td>\n<td>31.6%<\/td>\n<td>11.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/franklin-india-floating-rate-growth--FR498-GR\">Franklin India Floating Rate<\/a><\/td>\n<td>5.3%<\/td>\n<td>7.7%<\/td>\n<td>6.8%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/idbi-gold-growth--GFG1-GR\">IDBI Gold<\/a><\/td>\n<td>5.1%<\/td>\n<td>30.8%<\/td>\n<td>11.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/hdfc-gold-growth--GFOFT-GR\">HDFC Gold<\/a><\/td>\n<td>4.8%<\/td>\n<td>30.8%<\/td>\n<td>12.2%<\/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=\"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: 159px;\" border=\"0\" width=\"491\" 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:\/\/app.kuvera.in\/explore\/nippon-india-strategic-debt-growth--RLCBAG-GR\">Nippon India Strategic Debt<\/a><\/td>\n<td>-25.1%<\/td>\n<td>-2.7%<\/td>\n<td>3.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/idbi-credit-risk-growth--IBOFG1G-GR\">IDBI Credit Risk<\/a><\/td>\n<td>-12.2%<\/td>\n<td>-3.8%<\/td>\n<td>2.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/nippon-india-equity-hybrid-growth--SHAG-GR\">Nippon India Equity Hybrid<\/a><\/td>\n<td>-12.1%<\/td>\n<td>-3.7%<\/td>\n<td>4.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/nippon-india-credit-risk-growth--SDAG-GR\">Nippon India Credit Risk<\/a><\/td>\n<td>-11.7%<\/td>\n<td>1.6%<\/td>\n<td>5.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/nippon-india-equity-saving-growth--RLESAG-GR\">Nippon India Equity Saving<\/a><\/td>\n<td>-9.7%<\/td>\n<td>-10.2%<\/td>\n<td>0.9%<\/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=\"495\" 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:\/\/app.kuvera.in\/explore\/parag-parikh-long-term-equity-growth--PP001ZG-GR\">Parag Parikh Long Term Equity<\/a><\/td>\n<td>-1.4%<\/td>\n<td>7.7%<\/td>\n<td>11.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/axis-bluechip-growth--AXEFDG-GR\">Axis Bluechip<\/a><\/td>\n<td>-0.8%<\/td>\n<td>18.3%<\/td>\n<td>18.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/uti-nifty-index-growth--UTNID2-GR\">UTI Nifty Index<\/a><\/td>\n<td>-1.8%<\/td>\n<td>2.4%<\/td>\n<td>8.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/kotak-standard-multicap-growth--KO168D-GR\">Kotak Standard Multicap<\/a><\/td>\n<td>-2.1%<\/td>\n<td>7.0%<\/td>\n<td>9.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/mirae-asset-emerging-bluechip-growth--MAFEBD1-GR\">Mirae Asset Emerging Bluechip<\/a><\/td>\n<td>-1.8%<\/td>\n<td>11.2%<\/td>\n<td>12.2%<\/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_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: 150px;\" border=\"0\" width=\"497\" 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:\/\/app.kuvera.in\/explore\/franklin-india-prima-growth--417-GR\">Franklin India Prima<\/a><\/td>\n<td>-2.8%<\/td>\n<td>2.7%<\/td>\n<td>6.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/hdfc-balance-advantage-growth--GFGT-GR\">HDFC Balance Advantage<\/a><\/td>\n<td>-2.2%<\/td>\n<td>-1.2%<\/td>\n<td>7.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/sbi-dynamic-asset-allocation-growth--SBD465G-GR\">SBI Dynamic Asset Allocation<\/a><\/td>\n<td>-0.1%<\/td>\n<td>-1.2%<\/td>\n<td>6.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/dsp-midcap-growth--DS782-GR\">DSP Midcap<\/a><\/td>\n<td>-1.5%<\/td>\n<td>12.1%<\/td>\n<td>8.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/sundaram-services-growth--SUSSFDG-GR\">Sundaram Services<\/a><\/td>\n<td>-3.7%<\/td>\n<td>22.6%<\/td>\n<td>NA<\/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=\"Most_Watchlisted_Fund\"><\/span><strong>Most Watchlisted Fund<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Top 5 funds added to\u00a0<a href=\"https:\/\/app.kuvera.in\/explore\/watchlist\">watchlist<\/a>\u00a0by Kuverians<\/p>\n<table style=\"height: 152px;\" border=\"0\" width=\"496\" 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:\/\/app.kuvera.in\/explore\/axis-bluechip-growth--AXEFDG-GR\">Axis Bluechip<\/a><\/td>\n<td>-0.8%<\/td>\n<td>18.3%<\/td>\n<td>18.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/axis-long-term-equity-growth--TSDG-GR\">Axis Long Term Equity<\/a><\/td>\n<td>0.4%<\/td>\n<td>16.8%<\/td>\n<td>15.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/axis-focused-25-growth--AFDG-GR\">Axis Focused 25<\/a><\/td>\n<td>-0.2%<\/td>\n<td>18.6%<\/td>\n<td>16.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/axis-small-cap-growth--AXSCDG-GR\">Axis Small Cap<\/a><\/td>\n<td>-2.3%<\/td>\n<td>29.1%<\/td>\n<td>16.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/sbi-banking-financial-services-growth--SBD464G-GR\">SBI Banking &amp; Financial Services<\/a><\/td>\n<td>-3.9%<\/td>\n<td>17.6%<\/td>\n<td>18.6%<\/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_ELSS_funds\"><\/span><strong>Top ELSS funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<table style=\"height: 156px;\" border=\"0\" width=\"497\" 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:\/\/app.kuvera.in\/explore\/axis-long-term-equity-growth--TSDG-GR\">Axis Long Term Equity<\/a><\/td>\n<td>0.4%<\/td>\n<td>16.8%<\/td>\n<td>15.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/idbi-equity-advantage-growth--TSG1-GR\">IDBI Equity Advantage<\/a><\/td>\n<td>0.1%<\/td>\n<td>8.5%<\/td>\n<td>10.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/aditya-birla-sun-life-tax-relief96-growth--BS02GZ-GR\">Aditya Birla Sun Life Tax Relief96<\/a><\/td>\n<td>0.1%<\/td>\n<td>3.4%<\/td>\n<td>10.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/quant-tax-growth--QUTPDG-GR\">Quant Tax<\/a><\/td>\n<td>0.0%<\/td>\n<td>0.2%<\/td>\n<td>5.3%<\/td>\n<\/tr>\n<tr>\n<td width=\"303\" height=\"19\"><a href=\"https:\/\/app.kuvera.in\/explore\/parag-parikh-tax-saver-growth--PPTSFGZ-GR\">Parag Parikh Tax Saver<\/a><\/td>\n<td>-0.9%<\/td>\n<td>NA<\/td>\n<td>NA<\/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<h4><span class=\"ez-toc-section\" id=\"Movers_Shakers\"><\/span><b>Movers &amp; Shakers<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><b>1\/ <\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/icici\"><b>ICICI Prudential Mutual Fund<\/b><\/a><span style=\"font-weight: 400;\"> has announced that Anuj Tagra would be a co- fund manager under for <\/span><a href=\"https:\/\/kuvera.in\/explore\/icici-prudential-corporate-bond-growth--8078-GR\"><span style=\"font-weight: 400;\">ICICI Prudential Corporate Bond Fund<\/span><\/a><span style=\"font-weight: 400;\"> scheme along with Chandni Gupta &amp; Rahul Goswami.<\/span><\/p>\n<p><b>2\/<\/b><a href=\"https:\/\/kuvera.in\/explore\/amc\/idbi\"><b> IDBI Mutual Fund<\/b><\/a><span style=\"font-weight: 400;\"> has announced that Krithiga Rajesh has been appointed as the Investor Relations Officer of IDBI Asset Management Limited. Durga Prasad has ceased to be the Investor Relations Officer.<\/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<p><strong>But the world is ever more interdependent. Stock markets and economies rise and fall together. Confidence is the key to prosperity. Insecurity spreads like contagion. So people crave stability and order.<\/strong><\/p>\n<p><strong>: Tony Blair<\/strong><\/p>\n<p>&nbsp;<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span>Interested in how we think about the markets?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Read more:\u00a0<a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p><iframe loading=\"lazy\" title=\"CNBC-TV18 Surabhi Upadhyay speaks to our CEO Gaurav about Digital Gold\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/VeyUImS3jXw?list=PLDSzQdT9nLmDSP3gSlDkPcUl-cfeI-KeB\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<p>Watch\/hear on YouTube:<\/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> and\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>Shares of Yes Bank dropped 54.89%% on Friday, while Nifty50 and Sensex fell by 2.48% and 2.32% respectively on the last trading day of the week, ending the week in the red. This move comes after the RBI\u00a0imposed a moratorium on Yes Bank and restricted the withdrawal limit to Rs 50,000 per depositor.\u00a0 RBI\u00a0 announced [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/yes-bank-crisis-good-bad-ugly\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":11,"featured_media":4384,"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>YES bank crisis - good, bad &amp; ugly! - Kuvera<\/title>\n<meta name=\"description\" content=\"Yes bank crisis. The good, bad and ugly.\" \/>\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\/yes-bank-crisis-good-bad-ugly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"YES bank crisis - good, bad &amp; ugly! - Kuvera\" \/>\n<meta property=\"og:description\" content=\"Yes bank crisis. 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