Chance of a lifetime. CPSE ETF is now open for subscription

Sorry for the misleading headline. I love clickbait! After all, there’s “Naked” in “NakedBeta”. It’s another month, and another tranche of CPSE ETF is on offer for investors. In case you don’t know about CPSE ETF, it’s better that way, but here’s a small snippet about it so that you don’t accidentally invest. The ETF…… Continue reading Chance of a lifetime. CPSE ETF is now open for subscription

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Costly bullshit

I love fiction! After all, who doesn’t love a fantasy that’s never gonna come true? Research reports by brokerages are some of my favorite works of fiction. I mean, the plot, the twists – these reports have made bullshitting an art form. Free stock tips are like assholes, everybody has one. Anonymous 😛 Every day…… Continue reading Costly bullshit

The making of a giant. Vanguard hits $1 Trillion in ETF assets

The US asset management industry is as action packed as a Micheal Bay movie right now if you get what I mean. From ETFs that are making hedge fund caliber portfolios accessible to common investors to democratizing access to previously inaccessible asset classes & strategies to innovation in fund structures, the activity is explosive! The…… Continue reading The making of a giant. Vanguard hits $1 Trillion in ETF assets

You can’t even beat a monkey

What Robin says is in reference to the now famous line from the book “A Random Walk Down Wall Street” by Burton Malkiel. A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts Burton Malkiel https://twitter.com/RobinJPowell/status/1145688987983667201?s=20 Anyway, the WSJ…… Continue reading You can’t even beat a monkey

The FundsIndia saga is just a sign of things to come. Indian mutual fund platforms are in trouble!

Recently news broke that the investors ousted both the founders of FundsIndia. This came as quite a surprise to everyone, but a little bird had vaguely told me a couple of months ago of some of the bad tidings there. FundsIndia, if you aren’t aware, is one of the oldest mutual funds portal in India.…… Continue reading The FundsIndia saga is just a sign of things to come. Indian mutual fund platforms are in trouble!

Why were the fund houses holding DHFL poop? 💩

Ever since the IL&FS default and the ZEEL saga, investors and commentators have been wondering about the next crisis in debt mutual funds. Well, as the old saying goes, Be Careful What You Wish For… It Just Might Come True. Come true it did! Was reading this article which showed that UTI Mutual Fund and Reliance Mutual…… Continue reading Why were the fund houses holding DHFL poop? 💩

DHFL Pramerica MF investor communication on DHFL exposure

Well, DHFL Pramerica Mutual Fund finally sent out a communique to all its investors on the DHFL fiasco. Remember DHFL funds fell anywhere between 10% to 50% post the default by Dewan Housing (DHFL). Luckily for the mutual fund, it’s exposure was not as high as others such as UTI MF and Reliance MF and…… Continue reading DHFL Pramerica MF investor communication on DHFL exposure

Worried about election results? Here’s what you should do with your portfolio

The election results are set to be announced on May 23rd. And the markets are clearly spooked because they know something – Modi isn’t coming back to power, perhaps? This does make sense given that most informed experts are predicting that the BJP will find it hard to come back to power. And these are…… Continue reading Worried about election results? Here’s what you should do with your portfolio

Best held beliefs

Came across this tweet by Professor Sanjay Bakshi and I just had to share this. The ability to destroy our best held beliefs and ideas. https://twitter.com/Sanjay__Bakshi/status/1124892690531831809?s=20

Surprise, surprise: Hedge funds this year have underperformed the S&P500

Hedge Funds have this mystical aura around them. Reclusive, eccentric geniuses who can deliver insane returns. But facts are always stranger than fiction. Year to date, the S&P 500 has beaten the popular hedge fund indices. Bloomberg Opinion/Barry Ritholtz I’m not writing this post suggesting that hedge funds and endowments should invest in index funds.…… Continue reading Surprise, surprise: Hedge funds this year have underperformed the S&P500