Investment Portfolio Construction

Fund categorisations: confusing segments and style

by Hansi Mehrotra

The Indian media has been discussing SEBI’s circular on categorisation and rationalisation of mutual funds ever since it came out in October 2017. I had written about the need for better fund classifications last year, so I didn’t comment further. But the news that AMFI has asked SEBI to reconsider has prompted me to share my views a bit more…

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Portfolio Construction

Is fund research the weakest link in capitalism?

by Hansi Mehrotra

“We have met the enemy and he is us.” — Walt Kelly We blame capitalism for most of our modern…

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Business issues

Open letter to SEBI re investment advice…as a consumer

by Hansi Mehrotra

Firstly, I want to commend you on the direction of the reforms in the Indian asset/wealth management industry over the…

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Communication

The value of dumb questions

by Hansi Mehrotra

Being an outsider, as I have been for most of my life, brings with it a feeling of inadequacy. To…

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Behavioural Finance

What happened to your goals?

by Chicago Booth

Remember your New Year’s resolutions? Every January, many of us resolve to diet, exercise, turn off the television, and live…

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Portfolio Construction

The making of a compelling statistic

by Ravinath Dasika

I recently came across an article by Sharad Singh of Invezta, titled ‘More than 90% active mutual funds beat the…

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Alternatives

A new dawn for Indian PE

by Vivek Pandit

After the aggressive fundraising of 2015, last year did not provide a wealth of investment opportunities. Activity took a major…

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Business issues

What does a treasurer do?

by Jayna Gandhi, CFA

When we think about a treasurer, what comes to mind? Is the treasury profession an extension of the accounting profession?…

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Business issues

How to improve the Indian National Pension System (NPS)

by Hansi Mehrotra

As a consultant on the execution of the New Pension System (NPS) in 2009, I came to appreciate the unique…

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Portfolio Construction

Has goal-based investing ruined Modern Portfolio Theory?

by Hansi Mehrotra

Modern or mean-variance portfolio theory (MPT) is an important financial concept. But it has little practical value for retail investors…

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