Review of moneysights.com – Invest online in Mutual funds

What is the equity and debt exposure of your portfolio? How many different companies have you invested in through mutual funds? And do you know of any tool with great UI and simple features that can help you analyse your mutual funds and stocks in detail? If you wondered that there is no such website which can do such analysis and that too for FREE, I am happy to introduce you to moneysights.com. It does it all that for you and much more…

moneysights review

From a few months, I am in touch with moneysight’s team. At that time they were still building their product and were trying to solve some key issues which investors face today and I knew from beginning that users will like their product when it goes live. Just a month or so back when their product was in beta mode, all the Jagoinvestor readers on email (see sidebar for subscription link) received the beta invitation from moneysights and they got a chance to use their tool exclusively and in advance than others.

The reason why I want to know about moneysights is because they aim to solve 3 key problems that is faced by common investors in India. These problems have played a crucial role in ensuring that Mutual Funds & Direct Equity investments remain under-penetrated as fas as mass market retail investors are concerned. I have described these problems below from Mutual Funds point of view –

Problem 1 : Choice & Suitability

There are 4,000+ of Mutual Fund schemes in the India today. If one includes the variations & scheme options like Growth, Dividend, etc. These schemes are broadly classified in 10+ types like Equity, Debt, Balanced, MIPs, ELSS etc. Most of the average retail investors don’t understand or demand so much of choice and option. A large number of schemes not only adds confusion to the decision-making process but also often results in postponing our investment decisions (i.e. taking actions).

If the quantity of schemes in the market is the first problem, then knowing the suitability of the scheme to an individual is another problem to be cleared? Not every scheme is suitable to every type of investor. An ICICI Prudential Discovery or IDFC Premier Equity may have given great returns & hence they command a 5-STAR return rating but how many of us know that both of them primarily invest in stocks which most often may not be Large-cap stable businesses. And hence they may not be suitable for someone who is risk-averse or someone who is just beginning to invest. Wouldn’t investing purely on return ratings may bring-in a surprise to the investor when the markets go into a downward trend?

Problem 2 : Construction of Mutual funds portfolio

Reading my previous posts on how to create a Mutual Fund Portfolio or How many funds are ideal to have in a Portfolio, you would have realized that diversification in the Portfolio is very important. But then, why how does one construct a diversified portfolio of 4-5 different Mutual Fund schemes. There is so much information needed to construct a diversified portfolio that it’s definitely a cumbersome task to construct one manually.

For example having a HDFC Top 200 & a Birla Sun Life Frontline Equity isn’t diversification but duplication. They are 2 similar funds & having both of them doesn’t make sense in a diversified portfolio. Look at this jagoinvestor forum question of mutual funds portfolio review and moneysights helping him.

Problem 3 : Tracking of Mutual funds portfolio

After someone invests in a set of Mutual Funds, is there a way to track, monitor & manage the Portfolio in a seamless manner? Most websites do offer tracking services. But then, again people like Venshu had asked about  how to get annualized returns so as to compare portfolio performance, sector allocation, etc. so that one can get actionable insights to manage the Portfolio on an ongoing basis that minimizes portfolio risks & optimizes returns. I have used their tracking tool myself and it looks simple and good to me.

Some more good features

Some of you who would have registered on moneysights.com may be able to relate to what i’m talking here. However, if you have not tried it yet, let me summarize quickly on what stood out for me –

1. Fund’s Performance Report Card

moneysights review

Moneysights allows you to get more information about a specific mutual fund scheme in a quick & simple way. Just go to the Find Mutual Funds section where you can search or browse for specific Mutual Fund schemes. Opening the detail page of a Mutual Fund scheme like HDFC Equity Fund would allow you to see –

  1. A unique way of portraying Fund’s Performance through Fund’s Performance Report Card – also notice the no-use of financial jargon
  2. Performance Comparison with fund’s benchmark, SENSEX or NIFTY – notice the lack of importance to NAV & prominence to performance chart w.r.t. various benchmarks
  3. Return Comparison with SENSEX, NIFTY, Category Average, etc. in tabular format during different time periods
  4. How much your money would have grown had you chosen to invest in this scheme – notice the actual amount of dividend you would have earned
  5. Mutual Fund Category Performance comparison within different time-frames
  6. Portfolio composition of the scheme in terms of asset class, market capitalization, sector exposure & underlying stocks

So, all the information you require for knowing how good or bad a Mutual Fund scheme is available within a single-page interface.

2. Portfolio Health

Now this is another valuable feature. Many a times, readers have posted questions on forum about specific funds that they have invested in. Questions like shall I stay invested in (say) a Reliance Vision Fund or Sundaram SMILE Fund which probably used to be good performers at some point in time but are not the best ones today. Does it make sense to redeem & divert the investment in some other fund in similar category? Portfolio Health answers this.

Moneysights review

The way I understand moneysights is doing is they find a scheme which belongs to same category as you have & check if there is a scheme which has performed better – i.e. taken lesser risk but has offered more returns. If they are able to find a better option, they show these options. Let me know what you feel about this in comments section.

3. Get a Portfolio

This is going to be useful for readers who want to start their investments from a scratch all over again or re-align their portfolio to their risk appetite. All you have to do is select a risk profile you can identify with & moneysights displays a portfolio of Mutual Funds which is appropriate to the risk profile selected along with how much exposure you should take in a specific scheme. I personally spoke to moneysight’s team & they mentioned that they give more importance to downside protection capability while choosing the funds & portfolio is constructed following best practices of portfolio management that control portfolio concentration risks. They also recommend funds which have proven history of performance & have a minimum AUM under their belt.

Moneysights review
If you play around with this engine you would notice that higher your risk score more is the allocation to Equity. You would also notice that the resulting portfolio is always diversified across schemes, fund houses, sectors & stocks. They also show portfolio’s break-up & its past performance against SENSEX & NIFTY that help you understand why the portfolio is being recommended to you & how it’s good.

Other Small but Significant Features that you may like –

While the above 3 stood out for me, you may also like the many things they do differently like –

  • Letting you enter the amount of Investment & SIP day for accurately tracking your SIP investments.
  • Annualized returns of the schemes you invest in as well as the Portfolio when your investments are more than 1 year old – a very handy feature for readers who have been looking for XIRR returns.
  • Dividends that you may have received for your investments.
  • Updating missed SIP details – You can also update if you missed investing in a specific month for one of your SIPs. Doesn’t it happen sometimes intentionally or unintentionally with us?
  • By allowing you to redeem Mutual Funds partially or fully, they also let you build history of your booked past profits/losses.

Wishlists for moneysights

There are some of the things which I would personally like to see in future releases . They are

  1. An advanced comparision tool which can show the past performance of the current portfolio
  2. Comparision of two or more mutual funds/indexes in much more detail.
  3. I wish if a user can create his own strategies and run it over the portfolio and see how the strategy would preform over long term.
  4. I also wish if there was a download your Portfolio report in xls and PDF format which I can download and keep it for my record from time to time or just offline viewing . That report can give the overall Report in nice format which is just awesome to look at and worth showoff .

Area’s of Improvement

  1. For most of the return analysis and comparision , it can be done only for the last 5 yrs , I hope if it can be maximum possible .
  2. Their UI is great and neat , but I still feel there are much more things on UI than required and some of them can be displayed on demand (on a click) . What do others think ?

Conclusion

To conclude, if you have feel that you can relate to even 1 of the above problems that I mentioned at the beginning of the post, you would agree after using moneysights that it’s an answer to those problems. I would love to know your opinion on this. Please share it in comments section.

191 CommentsAdd Comment

  1. name

    Surprising to see no response from Manish/Santosh on this… there were so many opinions/responses about moneysights when it was being recommended, but not even one now, when its closed and ppl are wondering why its closed so suddenly.

  2. Chaitanya

    I was about to open an account with them, but glad that I chose fundsindia instead as just got to know that moneysights is closing the online transactions business?

    Any one knows why moneysights is taking that path (hope Santosh Navlani clarifies)?

  3. varun

    today i received mail from moneysights that they are closing services.

    Hi Varun Pandey,

    This is in reference to your Online Investment Services Account with moneysights.

    We deeply regret to inform you that moneysights would be terminating the Online Mutual Fund Investment Services offered by us. This means that while rest of our services & features continue to run as usual, our Customers who hold an Online Investment Account won’t be able to transact online after a few days from now.

  4. Jeetu

    Hi
    I am about to open my account with Moneysights…. (I have to send them few documents to make the investment account ready)

    In one of Doc titled “Letter of Permission”, one clause reads as:
    “To share the details of my/our Bank Account(s) to a third party service provider or to any of the affiliates/subsidiaries of MONEYSIGHTS
    by virtue of I/We using/subscribing to any of the facilities/services provided either by MONEYSIGHTS, or through a third Party service
    provider or to any of the affiliates/subsidiaries of MONEYSIGHTS. To do all such acts, deeds and things as may be necessary for or
    incidental to provision of services and facilities to me including giving intimations, confirmation, etc. on my/our behalf.”

    Now, why we need to share the bank details to third party service provider???
    I am sharing the details to moneysights isn’t sufficient?
    And what they mean by bank details? Is it bank account number? IFSC Code? MICR No? They should specify, what exactly they mean by bank details…!

  5. Jayachandran

    @santosh

    Please accept my apology for my previous comment about delay . I was under wrong assumption that it’s just a email. You folks are having such a helpful system .

    Now I understand that it’s a verified , clear PDF with easy to fill format . Really nice . Especially for some one like me taking the first steps into the chaos of investment /money management :)

    Looking forward for a long happy journey with money sights .

    Regards,
    Jay.

    • Santosh Navlani

      No issues. Don’t bother. i can tell you that we have the simplest, the fastest & smoothest sign-up process with loads of improvements possible 😉

  6. Jayachandran

    This is my first comments here . I was amazed by Reading the review
    About money sights last night and immediately tried to open an account .

    1.i did not get any email when I registered.
    2.even after filling up the formats submit I am yet to to get the next email with details shortly .

    Is this normal? In the web3.0 era it’s quite surprising .
    Can some one advice this newbie ?

    Thanks,
    Jay

    • Santosh Navlani

      Hi Jayachandran,

      Apologies if you felt that it was very long lag between you filling form post mid-night & getting the form 1st thing in morning.

      You may appreciate that sending the form may not take time as things are automated. But what may be the rightful proess is “verification” if form got filled properly. We avoid cases where people fill forms wrongly & then send their signed version only to get rejected.

      Somebody needed to check the details to “approve” the application & that has to be manual.

      i can assure that there would be nothing to wonder on why everyone has only appreciated moneysights’ service once you start experiencing it :).

      Hope this helps.

      Santosh Navlani

  7. Santosh Navlani

    Hi Ram,

    No need for an apology here. All is well that ends well :)

    i’m glad that you spent time & discovered the uniqueness of moneysights. Your suggestions on Fund Comparison is taken….it is something thats a must-have now given so many users’ demand.

    i’m sure you would find suggestions/ recos & other features more useful as you start using them more. Keep the suggestions flowing…we will keep doing our best. In not so distant future, all feature requests would be implemented. Its a matter of time.

    Thanks again for the appreciation & clarifying your stand. It helps everyone involved here.

    Santosh Navlani | moneysights | making investing simple

  8. Ahmad Zaib

    Hi there,
    I am relatively new to the world of investments and started in a time when there was FundsIndia for our online purchase needs.
    Then came moneysights and being a techie myself I could see the vast difference and the freshness they brought to the world of online investing. Day-by-day they have been adding features to their portal and all of them are anything but “useless”.
    Also they are a new entity as compared to MoneyControl or FundsIndia and considering the pains and efforts required to make a successful and usable product are simply unthinkable of.
    I would like to send kudos to Santosh and his team for their excellent efforts. And I am pretty sure sooner or later these small things like entry/exit loads WILL be included in their system.
    One just needs to have patience. After all its one’s own choice.
    To put it in my words, “for smart investors there’s moneysights, for everyone else there are others!” 😉

  9. Santosh Navlani

    Hi Ram,

    i’m sorry if your experience wasn’t anything to cheer about. This is an exception for us….let me address your points 1 by 1 –
    1. Matching of your units with CAMS/Karvy –
    This will never be the case unless you have been subject to entry load. So, if your investment was made prior to Aug 1, 2009 the actual investment would vary & hence you are seeing a difference. i would strongly recommend that you enter the inv amount net of exit load. You will be able to see the net amount invested in your CAMS statement. And just to clarify, our system understands that appicable NAV dates are dependent on holidays, etc. & we take that into account automatically.

    2. Regarding ICICI Pru Life Top 100 –
    This is the case of name change in scheme. At times, it happens an old scheme gets merged or name gets changed. These kind of issues are not always easy to handle as this calls for some intervention from our data providers. We will be able to solve this…however, it takes time.

    3. Why don’t we allow entering units –
    Simple. Because most people don’t remember. One remembers that s/he has a SIP of Rs. x in y fund…and thats the best way to capture. In fact, i’m surprised that you found it difficult….its very fast to enter data in moneysights…its actually the fastest & easiest. Use all the tools available to you on the box which opens up & you will experience it yourself. Also, entering units will actually deprive our users of the XIRR calculations & intermediate redemptions or missed SIPs that normally happen in real life.

    Hope i have answered your queries.

    Santosh Navlani | moneysights | making investing simple

    • Ram Mohan

      Hi Santosh,

      Thank you for taking time out and explaining things to me. Since I’ve been investing for a long time (from probably 2005/2006), I don’t have the “original” account statements to really enter the NET amount. Firstly I don’t know what is this net amount you’re referring to.

      For example, I opened the CAMS active statement and here is what it says:

      1) Purchase (Continous Offer) of 12.297 units acquired at a price of 57.813 per unit on 06-Nov-2008, current balance of which is 17.297 units with age of 340 days.

      Now 12.297*57.813 = 999.99 which is equal to the Rs. 1000 SIP that I entered. Now, can you tell me how I will be able to fix this in your platform? Also, I don’t see where the entry load is a problem here. Looks like I invested Rs. 1000 and all 1000 has been allocated to me in terms of units…

      We can agree to differ, but if you’re able to show on your system how the calculations work and how my fund’s value is x amount after so many SIPs, then I can manually correct any entries that are wrong. I’m talking about something similar to Moneycontrol portfolio where you can expand out the individual SIPs under each MF and edit or delete or sell.

      I still am unable to understand how I can correct my entries on your site

      • Ram Mohan

        To add further to this point, let me take a 2nd example:

        FUnd Name – Principal Tax Saver (G)

        SIP 1 — Amount:5000, Date of first SIP: 07/08/2008, SIP day in month:15, SIP expired on July 2009

        SIP 2 — Amount:3000, Date of first SIP: 13/08/2009, SIP day in month: 15, SIP expired on Jan 2010

        Now as per your site, the amount invested = 78,000 (correct).

        But current fund value = 114,xxx (wrong) — it is only equal to 110,407

        Which brings me back to your point. The applicable price and units bought for this SIP is wrong. Remember that the amount is still 5,000 and 3,000 but the entry price is different. How can I change this on your platform?

        Many thanks,

        Ram

        • Santosh Navlani

          Hi Ram,

          Net amount is = Your cheque value – Entry Load, if any.

          You can delete all the entries made. Just bring your mouse to fund name. An action option will appear…under this action 1 of the option would be “Delete”.

          Santosh Navlani | moneysights.com | making investing simple

          • Gowri

            I can’t reply on specifics of the issue that Mr.Ram is having, but here is a different perspective as a user of Money Sights (with no other affiliation whatsoever). Take it for what its worth – your mileage may vary considerably.

            I use services like Money Sights for tracking my investments, and I consider it to be fine if by this nuance of entry load or holiday etc, the fund value is off by a small amount. I am looking for a macro picture of what my investments are worth, how much have they appreciated etc, and small amounts don’t make too much of a difference to me (for eg, I don’t care about a difference between 8.46% vs 8.52% because of this small amount difference). And the reason I take it easy on this is because money sights is not my bank or CAMS. I would expect these entities to keep perfect accounts.

            However as Money Sights wants people to buy funds through it, the expectation of precise accounting will be there and is very reasonable.

            And I agree with Mr.Ram’s comment that the site should allow for editing values for single SIPs for whatever reason. Easy should not mean less capability or loss of capability.

            • Ram Mohan

              Hi Gowri,

              I’m not talking about 0.5% difference. I’m talking about close to 4.5% difference in just 1 investment (actual value is 110,xxx vs 114,xxx as shown by moneysights). Why should I as an investor put up with a sight that has about 5% difference in the fund values?

              Thanks,

              Ram

              • Gowri

                Ram, you don’t have to put up with it. No one is forcing you to.
                As I said, you mileage may vary considerably. And, I am just another user, like you. You don’t have to justify anything to me or others.
                I am done replying in this thread.

              • Ahmad Zaib

                Exactly!
                I agree with Gowri, no one is forcing you to do anything or use anything.
                You can keep using whichever product you are satisfied with.

            • Santosh Navlani

              Hi Gowri,

              Thanks for taking an unbiased stand here. As always, its appreciable.

              Coming to the specifics here, i think i addressed the concept of the investment amount w/o getting into numbers. Putting numbers there wouldn’t have changed my answer’s basic premise. If someone is entering data accurately like the applicable NAV date & actual amount invested net of charges, then there is no reason the Investment Value is different. Unless ofcourse a decimal point here & there which as you rightly said is of little consequence. Further, those come in because of rounding off methods followed than anything else. There is a chance with very less probability where our NAV of a specific scheme is slightly different in our records or isn’t available for a specific day – because our data provider CRISIL have done some manual error – which again is ok because its not affecting things in large number, ofcourse we have strict SLAs but we can’t chase every insignificant thing down here. And there is no solution available for that….as long as we are offering the right picture & ensuring for your ONLINE PURCHASES thru moneysights, things are super-accurate (again there is no chance of going wrong here)….simply because we replicate CAMS/Karvy!

              Regarding modification that you suggested, i believe we have certain flexibilities like updating missed SIPs, adding partial redemptions, etc., which are hard to build & not available anywhere but super-useful & utilitarian. We will certainly keep it improving….and adding to them.

              As i have always been saying, we would concentrate on solving 90% of use cases & once we finish, we will move on to remaining….again unfortunately, a few people want everything from day 1. Not possible given the real-life situations.

              Once again, many thanks for putting your thoughtful comment.

              Santosh

              • Ram Mohan

                Hi Santosh,

                I believe I may have been a little harsh with my earlier comments. After using your site for a few days, I do find it quite useful. Off course my specific problem isn’t yet solved, but that’s ok as I’m using the site for other things (mutual fund discovery, portfolio health check and recommendations etc.)

                The graphics are very nice and attractive too. One suggestion is if we could compare returns of different funds or stocks manually. Currently it is automatically showing related funds, but if you could add that feature, it would be very useful (maybe it is already there and I haven’t found it?)

                I hope you accept my sincere apology for the hard words in a public forum and wish you all success with your venture. But I would also like better customer support because I reported this as a problem, but till date I haven’t received any acknowledgement or nobody contacted me to find out more about the problem.

                Gowri:> Many thanks for pointing out the other things I can use in the site; I guess it’s true that just because some specific problem of mine is unsolved, I cannot just bash the whole site. Then it just becomes my loss

                Thanks,

                Ram

  10. Ram Mohan

    HI Mr. Santosh,

    I was trying out your website last night and I must say I’m disappointed with the way you can enter mutual funds into the site.

    I tried entering a few different mutual funds from my portfolio onto your site and I must say I was very disappointed with the results. Not once did the final number of units and cost price match what I had actually bought. I don’t know if your system has the past market holidays fed into it which makes the NAV fall on the next working day. I’m talking about 2007, 2008 etc. which I can only guess is not fed into your system correctly. It must be taking the SIP date NAV which is the previous working day’s NAV

    Next to make things simpler, I tried a very simple test — I tried using “ICICI Prulife Top 100 Fund” which is my simplest investment — 7 SIPS. Unfortunately your system doesn’t recognize that this fund exists in 2009. It kept complaining the the NAV start date is before the fund came into existence.

    Why can you not give me a simple way to enter mutual fund details? I have the average price and number of units, why can I not enter this just like stocks? This will make my life simpler and will let me use your site.

    I have been investing in mutual funds for the past 8 years. So, asking me to fill in SIP after SIP dates along with redemption dates and missed SIPs is absolutely a horror for me and as such makes your site unusable to me in the current format.

    Looking forward to hearing from you on this,

    Thanks,

    Ram

  11. Chander Kant Goyal

    So,
    My point is its OK to not to rate FMPs sense and ultrashort term debt funds extensively in competitive,
    But while calculating debt and equity ratios correct classes should be assigned, which is very basic of wealth management and the same you have corrected thank you very much for that

    I agree if you want to say that the problems should be submitted to your site first before posting to review blog posts, but that makes your website beta kind of service, I did not see beta sign on your website so I thought it as a matured offering

    I really appreciate your prompt response on the reported problems and wish you success in providing simple and easy investing to everyone.you are really doing a great job

    CHEERS!!

  12. Chander Kant Goyal

    The website doesn’t recognize FMPs and rate your portfolio considering them as equity funds, more ever it doesn’t take into consideration your gold funds while calculating your portfolio scores, Overall I am not happy with recommendation on get portfolio tab, I entered my mutual fund portfolio on site and got recommendation to invest in HDFC Prudence fund , I acted on the recommendation and switched few of my Units to this scheme , very next day I got recommendation to sell HDFC Prudence fund, what a sham recomendations

    • Gowri

      Mr.Chander:
      As an investor, it is your responsibility to research your investments before you make them. Blindly following some recommendation from any site is bound to lead you into trouble.

      To be clear, I am not trying to defend moneysights — it is indeed strange how the recommendation switches in a day. But it is also true that the same fund can be recommended for one person or one composition of portfolio, and not recommended for a different portfolio. For eg, if you had switched many funds on a single day, the composition of your portfolio has changed and the Prudence fund may not make sense for you anymore after those changes. You have to really look at what changed from your end.

      • Chander Kant Goyal

        Mr Gowri,

        I do understand responsibility of my own portfolio, I think this post is to review money sights services not bashing people for the honest reviews.
        I am not from the class of people who follows any website recommendations , or any tom dick harry free advisor or agents.
        I wanted to try moneysights to see what it can recommend to diversify my portfolio since I had only 2 equity and 3 FMPs as debt fund , I switched to HDFC prudence fund to diversity my folio and do not regret the decision it actually do give diversification to the folio, but I was surprised how random is the website’s recommendations that without even a slight change in folio and acting on the recommendation the recommendation reverses in one day
        The whole point of the post was that Money sights really need to do extensive work of rating and weighting all the funds if they really want to come up in serious wealth management business , the all groovy features don’t help investors until the features are backed by regressive research and unbiased advice.

        No offence if you are among owner/developer team of the business, Its my review and it is upto you or anyone to take it or leave it

        • Gowri

          Mr.Chander, I am just an occasional user of moneysights. I was just commenting on why possibly the site could have changed recommendations. I have no affiliations to them!!

    • Santosh Navlani

      Hi Chander,

      Your above comment is completely MISPLACED. i’m sorry to say but by putting this wrongly found conclusion here you are only harming the trust that our users place in our end-to-end services.

      First things first – We don’t rate FMPs. They shouldn’t be. They are close-ended. We will be wasting our energies in rating them as new investors can’t invest in an old FMP. And the ones who have already invested can’t do anything but to stay till maturity. Ofcourse they are listed but that doesn’t mean everyone can exit/enter at a price one wants. We also don’t rate gold funds but again that doesn’t mean we don’t take into portfolio score consideration. Our portfolio scores are dependent on ones current asset allocation. Just to let you know – we show best portfolio for current risk scores. And ON THAT SCREEN we never ask for specific replacements. We just say what is the best portfolio for the current amount & leave at that. Also, as far as replacement reco are concerned, THEY ARE always from same category & similar funds. Needless to say, it is again NOT possible to get replacement for FMPs as we don’t rate them!

      Regarding, HDFC Prudence – What you have said above again – IS IMPOSSIBLE. The fund that you will be asked to invest can’t become a reco to sell next day or a even month or a quarter. Unless you change your risk score, but thats a different case altogether.

      i would request you to please clarify your doubts before going out & maligning the reco engine. And mind you, we do an awesome job of it. And most JagoInvestor readers who are well-read people on these things like us for what they see. Its not that there is no scope for improvement….we welcome your thoughts on it for us. We would love to work on them & benefit everyone. But this is an undesirable behavior on your part.

      Santosh Navlani | moneysights team | making investing simple

  13. mnd

    when will moneysights introduce equity trading.? any prospective date/charges?
    absence of equity trading is the only reason withholding my shift to MS.

    • Santosh Navlani

      Hi mnd,

      All i can tell you is we are working on it. Can’t promise a date now…but i don’t see a reason for you to not shift for MFs to begin with.

      Santosh Navlani

  14. Chander Goyal

    Hi,

    If you can add option for clubbing family portfolios, that helps seeing an segregated view for family investments

    • Kalyan

      NO , moneysights does not have equity trading at the moment and ETF’s are kind of equity shares only (in a way) , but you can invest in gold funds which are nothing but mutual funds

      Manish

      • suri

        Hello

        1. can’t i buy gold fund?I can’t see buy button.
        2. if it is possible please put whether fund has SIP option available or not .
        3. Can’t find SWP and STP options

        UI is good

        • Santosh Navlani

          hi Suri,

          As Manish mentioned, you can’t buy ETFs…however, investing in Gold Fund of Funds like Reliance Gold Savings Fund is enabled.

          We will try to incorporate the info-request in your 2nd suggestion. We will be introducing SWP/STP shortly.

          Santosh Navlani | moneysights.com | making investing simple

  15. newinvestor

    Hi Mr Santosh Navlani,
    Thanks for ur reply, yes i was convinced by your earlier reply to my MF query. Now I wanted to ask about the equity. On MS u rate the stocks on two counts financial strength and upside potential. My question is if I select stocks which are rated as 5 star both in financial strength as well as in upside potential then is it good enough to have a fundamentally strong portfolio or I need to do some more analysis and select the stocks. I hope now question is clear to u. Thanks

    • Santosh Navlani

      Hi @newinvestor,

      Thanks for the quick one.

      While we personally don’t analyze too much after checking moneysights ratings for investing in stocks, i wouldn’t recommend the same for users. Specifically, in these days of ultra-volatility & policy flip-flops from Govt. For example, if Tata Steel as a stock looks good on moneysights ratings & many “unbiased” analysts are recommending buying at current levels. But if one’s own view of Metals sector is grim, then i doubt any kind of +ve ratings would convince them of buying. So, in essence, we don’t actually factor in News/ Rumors & Sectoral Policy Actions in the ratings. And still, 1/3rd of stocks which were 4 & 5-star rated a year ago, have actually given +ve returns ranging from 100+ % to 5%+, while there are others who have given -ve return of 30% as well.

      To answer in brief, we DON’T “mean”, you go & buy the 4 & 5-star stock blindly. Look at the sector, your risk profile & then make the investment. moneysights objective of ratings is to “assist” our users in decision-making & NOT offer tips! We would ideally go out & say buy 4&5 star rated, but then we are putting ourselves in an undesired territory. And hence treat this as a standard disclaimer.

      Stock ratings are only on fundamentals. And not on news. So, pick a style that suits you.

      Disclaimer: i hold Tata Steel personally & bought it in recent downfall.

      Santosh Navlani | moneysights.com | making investing simple

    • Santosh Navlani

      @newinvestor,

      Couldn’t understand your query clearly. Hence didn’t reply earlier. Please elaborate . i shall be happy to respond. Also, 1 more thing – am i right to assume that you were convinced on my earlier reply or you are changing the question altogether??

      Santosh Navlani | moneysights.com | making investing simple

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