Chance of a lifetime. CPSE ETF is now open for subscription
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.
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.
Read MoreWhy 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!
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 the schemes were small in size. But the fall in percentage terms looks horrific.
Read MoreWorried 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 some of the smartest people around, so, their word means something.
Read MoreBest 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.
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.
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