Insights

Investments > Alternatives

05 August 2020 By Akanksha Sehgal in Equities

Share buy-backs in India

A share buyback means a company buys their own shares from the market when they want to reduce their number of shares available in the open market. Share buyback in India – legal provisions In India, buyback of listed shares was permitted by the Companies (Amendment) Act, 1999 by the insertion of Sections 77A, 77AA
05 August 2020 By Runeet Kaur Arora in Equities

Differential voting rights in India – a summary

What are DVRs? Dual Class Shares (DCS) or shares with Differential Voting Right (DVR) as popularly known in India, simply mean that a company has issued more than one class of stocks with different voting rights. In other words, DVRs are shares that give the holder different voting rights compared to someone who owns ordinary
Read more +03 June 2020 By MMI Team in Equities, Portfolio Construction

Does ETF liquidity matter for investors?

The Indian asset and wealth management industry laments the lack of liquidity in ETFs, encouraging investors to buy passive funds instead. But what is liquidity and does it matter? In the recent past, two papers have been issued to address this topic – MMI’s founder, Hansi Mehrotra, arranged a panel discussion through the CFA Society

Investments > Economy/Markets

Read more +06 June 2014 By MMI Editor in Economy

Intro to Modern Monetary Theory

Being a professor in risk management, Professor Frank Ashe had to explain the biggest risk event in recent history – the global financial crisis. He went back to basics to understand the genesis of the credit bubble, in the process discovering Modern Monetary Theory and how government deficits are not as bad as people think.
Read more +15 April 2014 By MMI Editor in Business Issues, Economy

Role of credit rating agencies

Credit rating agencies have been criticized for their role in the 2007 sub-prime crisis, which led to the global financial crisis, but it wasn’t until a recent lawsuit exposed their internal emails that it became clear to what extent they were responsible. While the global financial crisis can’t be blamed on any one in particular,

Investments > Portfolio Construction

Read more +10 September 2020 By MMI Team in Portfolio Construction

Global investment consultants eyeing India?

India has been wooing foreign investments, both directly as foreign direct investments (FDI) into companies as well as indirectly as ‘foreign institutional investors’ (FIIs) or ‘foreign portfolio investors’ (FPIs) into its capital markets and alternative investment funds (AIFs). FIIs already hold a significant portion of India’s listed equity market, affecting daily market fluctuations. However, the
Factor investing 101Read more +05 August 2020 By Girisa Medh in Portfolio Construction

Factor investing 101

Global markets are made up of dozens of asset classes and millions of individual securities, making it challenging to understand what really matters for your portfolio. But, there are a few important drivers that can help explain returns across asset classes. These ‘factors’ are broad, persistent drivers of return that are critical to helping investors
how to analyse mutual fundsRead more +05 August 2020 By Girisa Medh in Portfolio Construction

How to analyse MF portfolio and performance

Investors see lists of ‘top performing’ mutual funds that have performed well over both long-term and short-term horizons. But will they do so in the future? Researchers believe that good mutual funds have clearly stated investment styles that specify whether the fund manager will invest in large or small companies, whether those companies exhibit growth or value characteristics etc. We

Investments > Traditional

WM/Distribution > Advisory Process

Read more +18 August 2015 By MMI Editor in Advisory Process

Does robo-advice work?

Tech start-ups are hot. Within that, ‘fintech’ is hot. And within that, ‘robo-advice’ is a term that’s starting to be bandied around even in the Indian market. What do these terms mean and why are they relevant to anyone associated in the asset/wealth management industry? (By the way, I have combined the wealth and asset
Read more +03 July 2015 By MMI Editor in Advisory Process

Choose your value proposition

Unlike medicine where there is a clearly defined distinction between the general practitioner and various specialists, wealth management is a grey area the world over. While global regulators are increasingly separating brokers/distributors from advisers based on compensation source, wealth managers can still choose their own business model and area of focus based on their own
Read more +03 April 2013 By MMI Team in Advisory Process

Understanding risk profiling

  Paul Resnik of Finametrica explains the concept of risk profiling and the stability of the risk tolerance measure over time.

WM/Distribution > Business Issues

Read more +09 June 2015 By MMI Editor in Business Issues, Portfolio Construction

Fund managers need the right temperament

What kind of people make good fund managers? While everyone should be interested in this question, there is surprisingly little research on this topic. Dr Jack Gray talks to Hansi Mehrotra about his efforts and findings. While the general perception may be that investments is about numbers, investment professionals everywhere agree that money management is
Read more +15 April 2015 By MMI Team in Business Issues

Factors to consider in compliance monitoring program

Using a tick-the-box approach for monitoring of conflicts of interests will probably lead to regulatory issues and reputational disasters. Wealth firms will need to have code of conduct and conflict of interests programmes adjusted so as to be appropriate for their business model. Conflicts of interests are everywhere. Firms in financial services, especially in wealth
Read more +01 August 2014 By MMI Team in Business Issues, Wealth Planning

Family offices generating interest

The number of high net worth individuals in the Asia Pacific region has touched 4.3 million, equaling that to that in North America, according to the CapGemini World Wealth Report 2014. Yet the number of family offices in the region, numbering just over 100, ‘does not reflect the boom in regional wealth’ according to CampdenFB.

WM/Distribution > Wealth Planning

Read more +01 August 2014 By MMI Team in Business Issues, Wealth Planning

Family offices generating interest

The number of high net worth individuals in the Asia Pacific region has touched 4.3 million, equaling that to that in North America, according to the CapGemini World Wealth Report 2014. Yet the number of family offices in the region, numbering just over 100, ‘does not reflect the boom in regional wealth’ according to CampdenFB.
Read more +21 May 2014 By MMI Team in Wealth Planning

Empowering rural India

Inspired by the movie Swades, Ronnie and Zarina Screwvala founded the Swades Foundation that operates with the single-minded focus of empowering rural India. Screwvala believes, “India cannot rise to its true potential without a fundamental transformation in the lives of people in rural India”. “For over a year, we met other philanthropists, visited many villages
Read more +06 February 2014 By MMI Team in Wealth Planning

Customising trusts in India

Abhijit Joshi of AZB & Partners discusses the different trust structures in India, investing abroad, trustee firms and how the Indian Trust Act is different. 1. What are the most common forms of trusts that Indian promoters ask for, or that get set up generally? (1:52) 2. If a client wants to invest overseas, what

Communication > Behavioural Finance

Read more +30 September 2016 By Chicago Booth in Behavioural Finance

Consumer protection takes more than transparency

The principles of transparency and disclosure are visible everywhere from fast-food menus to financial regulation. But if lawmakers don’t consider the behavior of both markets and consumers, better information may not translate to smarter shoppers.
Read more +03 June 2016 By Chicago Booth in Behavioural Finance

Lost money? Re-invest!

Investors sometimes play a psychological trick on themselves when they lose money, research suggests—and that mental accounting trick may help improve their investment performance.
Read more +15 April 2016 By Chicago Booth in Behavioural Finance

How to motivate better

How do you know if you are selecting the right motivational strategies to convince your employees, peers, and even yourself to work smarter and harder?

Uncategorized

30 January 2014 By MMI Team in Uncategorized

Guide to Wealth Management in India

The Hubbis Guide to Wealth Management in India is a compilation of articles and interviews with industry leaders during 2011, 2012 and 2013. Please email [email protected] to get the guide.
Read more +09 December 2009 By MMI Editor in Uncategorized

Forget track records for responsible investing

The United Nations Principles for Responsible Investment now claims over 550 signatories with more than USD 18 trillion in assets. UNPRI provides a framework for institutional investors to integrate environmental, social and governance (ESG) factors into investment processes. Also, the International Finance Corporation has sponsored a study on the prevalence of RI in emerging markets.
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