Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024.

Historical Sensex Returns Updated - 2024

So far during the year the index has hit an all-time high of  75,124 and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years.

Individual or Retail investors can achieve consistent returns through investing via mutual funds, whether it be active or passive. Chasing returns from individual stocks is futile.

Be a wise investor !

Mutual Funds - How to modify KYC or do rekyc?

Last year SEBI issued a circular effective April 1, 2024 regarding KYC norms for the securities market.

This has created a lot of confusion among investors and intermediaries, whether who has to do rekyc and who need not?

First check your KYC status from CVL KRA.

  • If the 2nd column says KYC VALIDATED, then you are good to go - no action required. You can invest and redeem all the funds.
  • If it says registered, you can invest in existing Fund houses. You have do rekyc to invest in new fund houses/ schemes.
  • If it is on hold, you have to do rekyc. 

You can do rekyc completely online from the AMC's websites, links of which are given below:

mutual funds kyc online

Bandhan Mutual Fund - Bandhan

Canara Robeco Mutual Fund - Canararobeco


Franklin Templeton Asset Management Franklintempletonindia

HDFC Mutual Fund Hdfc

ICICI Prudential Mutual Fund Icicipruamc

Kotak Mahindra Mutual Fund  Kotak

SBI Mutual Fund  Sbi

Investors having KYC status of  'Registered' or 'On Hold' can complete their KYC online without having to invest their money with the fund house. 

Walmart and Costco Selling Gold and Silver

Costco Wholesale and Walmart are both starting to sell gold bars.

First, Costco sold gold bars to its members looking to invest in more than bulk household purchases. Now the warehouse retailer is selling silver coins too.

Walmart has also started selling precious metals such as gold and silver in its online store, following in the footsteps of Costco Wholesale.

Against the backdrop of high inflation, gold has become the new favorite of American consumers.

The value of gold and silver is expected to continue to climb in 2024 on expectations that the Federal Reserve will start cutting interest rates.

Gold currently trades at $2255.


Will Indian supermarkets sell gold? 

Gold has been always been one of the favorite investments for Indians, as evident from the fact that Indian households hold over 21,000 tonnes of gold. Indians prefer to buy gold jewelry and this trend could change if Gold is sold in supermarkets.

There are Gold ETFs and Sovereign Gold Bonds (SGB) as well. Additionally Gold from supermarkets should be exciting for gold investors.

Posted in  on April 02, 2024 by  |  

Tracking Difference in ETFs and Index Funds

 As we all know, an index fund is a type of mutual fund or exchange-traded fund (ETF) with a portfolio constructed to match or track the components of a financial market index, such as the Nifty 50 Index.

Tracking difference is the discrepancy between Index Fund/ ETF performance and index performance.

Below is the ETFs and Index funds with high tracking error. 

ETF Tracking Error

The above tracking error is since inception. ETFs and Index funds are considered to be low cost, but in here in India, the tracking difference are quite high and add to that expense ratio, the total works out to over 1-3% and higher in certain cases.  These ETFs and Index funds are no longer low-cost as one would expect them to be. 
Posted in  on February 25, 2024 by  |