WealthCraft
Read a factsheet, judge a fund, and build an SIP that survives a bad year.
What you will be able to do
Not topics covered — things you will be able to do when you finish.
I have watched people put twenty years of savings into a fund because it was "top rated", and I have watched them pull it out in month eight because it fell 11%. Both decisions came from the same place: not knowing what they owned.
By the end of this you will be able to open any fund factsheet and tell me, in about three minutes, what that fund does, what it costs, what could go wrong, and whether it fits what you are actually trying to do. That is not a small thing. Most retail investors in India never get there.
About this programme
Most people choose a mutual fund the way they choose a restaurant: someone recommended it, the pictures looked good, and the reviews were recent. That works for dinner. It does not work for twenty years of savings.
This programme teaches you to read the documents the fund is legally required to publish — the factsheet, the scheme information document, the portfolio disclosure — and to form your own view. Not our view. Yours.
Everything is India-specific: AMFI categories, SEBI's scheme classification, ELSS lock-ins, the actual tax you pay on redemption. Every example uses rupees and real fund structures.
Before you start: None. This starts from what a mutual fund is.
The curriculum
Every module below leaves you with one named skill. Open a level to see them.
1 What a mutual fund actually is 360 XP
Strip away the jargon and the marketing. What you own, who runs it, and where your money goes.
Start here — everything else in this programme assumes you can say what the thing is.
- What you actually own when you own a fund 5 min
- Who is on the other side: AMC, trustee, custodian 4 min
- Where your money physically goes on day one 4 min
Most beginners think a ₹10 NAV is cheaper than a ₹500 NAV. This is the module that fixes that, permanently.
- What NAV is and what it is not 4 min
- Why a ₹10 NAV is not "cheaper" 4 min
- Cut-off times, and why your units appeared a day late 4 min
SEBI forced every fund in India into a defined category. Knowing the categories means you can never be sold the wrong thing by the right name.
- Equity, debt, hybrid: the actual dividing lines 5 min
- SEBI's categorisation and why it exists 5 min
- Index funds and ETFs: same idea, different plumbing 5 min
2 Reading the documents 450 XP
The factsheet, the SID, the portfolio disclosure. Everything the fund must tell you, and how to find it fast.
This is the single highest-leverage skill in the whole programme. Every fund publishes one, every month, free.
- The eight things on a factsheet that actually matter 5 min
- Portfolio holdings: concentration, and what it means 5 min
- Reading the risk-o-meter without being fooled by it 4 min
- A factsheet, start to finish, in three minutes 5 min
A 1% difference sounds like nothing. Over twenty years it is not nothing — and this module shows you exactly how much.
- What the TER actually covers 4 min
- Regular vs direct: the same fund, two prices 5 min
- What 1% costs you over twenty years, in rupees 6 min
Nobody reads the SID. Which is exactly why the things that matter are in it.
- What a SID must legally contain 5 min
- The four sections worth your time 4 min
- Exit loads, lock-ins and the fine print that bites 5 min
3 Choosing and comparing 450 XP
How to compare two funds honestly, and how to judge a track record without being fooled by it.
Most fund comparisons are rigged by the timeframe chosen. This teaches you to pick the timeframe first.
- Choosing the comparison window BEFORE you look 4 min
- Benchmark-relative returns, and why absolute ones mislead 5 min
- Comparing costs, turnover and concentration side by side 5 min
Past performance is not indicative of future results — a sentence everyone reads and nobody applies. This module makes it concrete.
- Rolling returns vs point-to-point: why the difference matters 5 min
- Survivorship bias in every "top funds" list you have seen 5 min
- How much of a return was skill and how much was the market 5 min
The risk-o-meter is a legal requirement, not an analysis. The real risk is in the portfolio.
- Standard deviation and beta, in plain language 5 min
- Concentration: when 40% in five stocks is the whole story 5 min
- Credit risk in debt funds: the one that surprises people 5 min
4 SIPs and behaviour 450 XP
The part nobody teaches. What happens to your plan when the market falls 20% and your instinct says stop.
Most SIPs are a round number someone felt comfortable with. A sized SIP is a number that comes from the goal.
- Working backwards from the goal, not forwards from the salary 5 min
- What return assumption is honest, and what is wishful 5 min
- Step-up SIPs: the small change with the large effect 4 min
Everything you learn in this programme is worth nothing if you stop the SIP in month eight. This is the module that decides whether the rest mattered.
- What actually happens to an SIP when the market falls 5 min
- The arithmetic of buying more units at lower prices 5 min
- Writing down your rule before you need it 4 min
Rebalancing is the one activity that forces you to sell what has done well. Which is why almost nobody does it.
- Why allocation drifts, and how fast 4 min
- Threshold vs calendar rebalancing 4 min
- The tax cost of rebalancing, and when it is worth it 5 min
5 Tax, exit and review 420 XP
What you actually keep, when to leave, and the annual hour that keeps the whole thing honest.
The return you see is not the return you keep. This is the gap.
- STCG and LTCG on equity funds: the current rules 5 min
- Debt fund taxation and what changed 5 min
- ELSS: the lock-in, the deduction, and the arithmetic 5 min
There are good reasons to leave a fund. "It fell" is usually not one of them. Knowing the difference is worth years of returns.
- Four genuine reasons to exit 4 min
- Fund manager change: when it matters and when it does not 4 min
- Mandate drift: spotting a fund that stopped doing its job 5 min
One hour a year. Done properly it beats any amount of daily checking.
- The one-hour annual review, step by step 5 min
- What to check, and what to deliberately ignore 4 min
- Writing down what you decided, and why 4 min
The certificate
Awarded when you finish every level and pass the final exam (25 questions, 75% to pass).
- Lists the specific skills you proved — not just the programme name
- Carries a QR code anyone can scan to verify it independently
- Merit at 85%, Distinction at 95%
- One click to add it to your LinkedIn profile
This is a programme certificate issued by NexImpera Academy. It is not a regulatory qualification and does not confer any licence to advise on investments.
Questions people ask
Is this really free?
Will you tell me which fund to buy?
How long does it take?
Do I need to already invest?
What is the certificate worth?
Educational content only. Nothing here is investment advice, and no example is a recommendation to buy or sell. NexImpera is not a SEBI-registered investment adviser.