Category: Commentary

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Introducing Portfolio Yoga Elite Discussion Forum

In February 2004, I started a Yahoo based group for discussions around Technical Analysis. Over time, this became a group that was thousands of members strong with hundreds of messages exchanged by members whose contribution has remained invaluable. Personally, I learnt a lot and made a lot of new friends.  Today, when I say messages, the first thought that comes...

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Speaking Engagement: India Trading Conclave 2020

I shall be speaking at the Indian Trading Conclave 2020. A event that requires no travelling or spending megabucks and at comfort of your location. I don’t consider myself to be a trader these days even though when one talks about “Momentum”, the automatic assumption is that one is trading since investing is all about Value / Growth. I shall...

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Impact of Performance Fees on Performance

Assume you have 25 Lakhs you wish to invest in the stock markets but are confused on where to invest and when not to talk about the fact that you don’t have the time to monitor. Rather than risk your capital vanishing due to bad calls, you call me, a portfolio manager to handle your funds and invest right. I...

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Hardest thing about Investing

A year back, the famous Anonymous Twitter Guru @contrarianEPS posted a list of stocks he randomly picked due to their high price to earnings ratio and called it a ticking time bomb that shall either blow up or shall undergo a time correction. My own thought was that even though these stocks were expensive, I felt they could out-perform Nifty...

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Active vs Passive debate rolls on

Aarti Krishnan of Prime Investor posted today an article titled “What are the Risks in Index Funds”.  Basically she boils it down to  They do not protect you from market volatility They may have concentrated portfolios They don’t shield you from business or governance risks They do not guarantee superior returns I believe that the above reasons aren’t in themselves...

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SEBI sounds the death knell for boutique PMS. 

In India, you can manage other people’s money in three ways – Mutual Funds, Alternative Investment Funds and Portfolio Management Service. While much of the world has only two options, Mutual Fund and Hedge Fund, PMS in India was a hybrid way for small fund managers to provide a way to manage the funds of each client in accordance with...

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ELSS as a Nudge for Long Term Investing

I buy my requirement of ELSS every year in March. One Lump-sum into a fund I have chosen. While I spend time selecting that fund despite knowing that I may not be buying what would have been the best 3 years from now, the analysis and the results thereafter provide me with a deeper understanding of how to avoid mistakes....