The Evolution of Factor-Based Investing
Imagine you’re a student preparing for an important exam. What are the factors you think will determine your score? You can be the smartest person in the whole world, but if you don’t handle the exam pressure well, your performance would suffer. Your score, as you might have correctly guessed, depends not just on your…
Read more
POSTED BY
Vivek Sharma
How Investors Lost Money in Peter Lynch’s Magellan Fund
The Magellan Fund, managed by Peter Lynch from 1977 to 1990, is legendary in the world of investing. Under Lynch’s rein, the fund delivered an average annual return of 29%, making it one of the most successful mutual funds of all time. But here’s the paradox – despite this stellar performance, most investors in the…
Read more POSTED BY
Vivek Sharma
Time In The Market > Timing The Market
Imagine if taking a few days off your work cost you your entire salary. Sounds extreme, right? Who would want to work in a place like that? Yet, in the world of investing, where your money is working for you, this happens all the time – missing out on a few of the market’s best…
Read more POSTED BY
Vivek Sharma
Identifying Overvalued Stocks: A Proof by Contradiction Approach
Proof by contradiction is a logical method used in mathematics to prove a statement by assuming the opposite of what you want to prove. If this assumption leads to a logical contradiction or an absurd conclusion, then the original statement must be true. In this blog, I will show how this method can be…
Read more POSTED BY
Vivek Sharma
Debt Funds Deep Dive
Debt Funds are funds that invest primarily in fixed income securities of government and corporates. As of May 2024, it has over Rs. 15 lakh crore in assets under management (AUM) – about 26% of the total AUM in the industry. In this blog, we are going to take a deep dive into debt mutual…
Read more POSTED BY
Vivek Sharma
Equity Mutual Fund Deep Dive
Equity Mutual Fund Deep Dive SEBI classifies mutual funds into five broad categories: Debt, Equity, Hybrid, Solution-oriented, and Others. In terms of Asset Under Management (AUM), Equity leads the pack by a mile as the most popular option among investors. As of May 2024, the total AUM of the Mutual Fund industry in India stands…
Read more POSTED BY
Vivek Sharma
Why Investors Are Hard-Wired for Short-Term Thinking
Why Investors Are Hard-Wired for Short-Term Thinking An analysis done by Reuters revealed that an average investor holds shares for a mere 5.5 months before selling them for an uncountable number of reasons. The analysis also revealed that the average holding period has been trending shorter and shorter. In the 1950s for instance a typical…
Read more POSTED BY
Vivek Sharma
Mutual Fund Categories Deep Dive
Mutual Fund Categories Deep Dive The Assets Under Management (AUM) of Indian Mutual Fund Industry stands at ₹57L Cr as on April 30, 2024, up from ₹41L Cr a year ago. That’s a massive year-on-year growth of 38%. In April month alone, we saw a net influx of ₹2.4L Cr. [Source: AMFI] Indian Mutual Fund…
Read more POSTED BY
Vivek Sharma
Estee Quant PMS Performance Deep Dive FY23-24
Estee Advisors was founded in 2008 with a vision of making investment decisions using sophisticated quantitative models. Over the past 15+ years, Estee has developed leading investment and broking products using analytics and computer science Long Alpha is Estee’s long-only equity strategy that aims to consistently outperform the benchmark equity index while maintaining low volatility.…
Read more POSTED BY
Vivek Sharma
Factor Investing Performance Analysis
Factor Investing Performance Analysis FY23-24 was a great year for equity markets. Nifty 500 itself delivered more than a 40% total return. In this blog, we are going to take a deep dive into how various factors indices performed during the last year’s bull run. But first, let’s get down to the basics. What is…
Read more POSTED BY
