While promoter selling stakes isn’t necessarily bad, for they can do so for myriad reasons just thought it is worth pointing. Took entry recently more as a technical bet coming out of a decent 3 month consolidation.
Posts tagged Value Pickr
Investing Basics – Feel free to ask the most basic questions (15-06-2024)
Why the email? You can share it here.
And does your XIRR model incorporate all the corporate actions like dividends, buybacks, splits, bonuses?
Investing Basics – Feel free to ask the most basic questions (15-06-2024)
Why the email? You can share it here.
And does your XIRR model incorporate all the corporate actions like dividends, buybacks, splits, bonuses?
Investing Basics – Feel free to ask the most basic questions (15-06-2024)
For investors using Zerodha for equities, I have recently created an automated XIRR model which accounts for all short and long-term trades. I made this for myself to better understand real returns since Zerodha doesn’t account for short-term trades in their XIRR calculations. Anyone looking to use this, please feel free to drop an email to surbhisinglaiitd1@gmail.com with subject ‘XIRR Calculator’. Happy to share with anyone interested.
Investing Basics – Feel free to ask the most basic questions (15-06-2024)
For investors using Zerodha for equities, I have recently created an automated XIRR model which accounts for all short and long-term trades. I made this for myself to better understand real returns since Zerodha doesn’t account for short-term trades in their XIRR calculations. Anyone looking to use this, please feel free to drop an email to surbhisinglaiitd1@gmail.com with subject ‘XIRR Calculator’. Happy to share with anyone interested.
The Anti-Portfolio (15-06-2024)
@aadhar.aggarwal I don’t think it’s a structural story any more. It’s speculative to try and guess what AI capabilities to do with graphics genre can be. I choose to to be cautious in this aspect. As shorter term is muted by preferential dilution, showing in valuation derating. It’s also the case that better bets are there. SME volatility and illiquidity are difficult to handle sometimes.
The Anti-Portfolio (15-06-2024)
@aadhar.aggarwal I don’t think it’s a structural story any more. It’s speculative to try and guess what AI capabilities to do with graphics genre can be. I choose to to be cautious in this aspect. As shorter term is muted by preferential dilution, showing in valuation derating. It’s also the case that better bets are there. SME volatility and illiquidity are difficult to handle sometimes.
Mutual fund guideness required (15-06-2024)
Their name itself is Quant, so it is no surprise that they go where they expect make some profit, so they change their views. Keynes said that he changes his views when facts change, so a fund’s management changing its views is not surprising or wrong. Their current views could be wrong do, after a few months, they may say something else. Booking profit at appropriate times, cutting losses quickly, moving from one opportunity to another, even at institutional level is beneficial, more so when investors are expecting miracles.
The other point you have mentioned is a pertinent one. If the AUM grows, would they be able to generate the same kind of returns? Can their strategies handle larger sums, considering the size of the market and investible universe is not that big?
No investment in Quant.
Mutual fund guideness required (15-06-2024)
Their name itself is Quant, so it is no surprise that they go where they expect make some profit, so they change their views. Keynes said that he changes his views when facts change, so a fund’s management changing its views is not surprising or wrong. Their current views could be wrong do, after a few months, they may say something else. Booking profit at appropriate times, cutting losses quickly, moving from one opportunity to another, even at institutional level is beneficial, more so when investors are expecting miracles.
The other point you have mentioned is a pertinent one. If the AUM grows, would they be able to generate the same kind of returns? Can their strategies handle larger sums, considering the size of the market and investible universe is not that big?
No investment in Quant.
Mutual fund guideness required (15-06-2024)
Not sure whats the big issue if their calls seem more akin to trading calls rather than based on fundamentals. I dont think they have ever said they invest purely based on fundamentals. I do think they have time and again said their key strength and focus lies in identifying sector bullishness.
Now as far as the above articles are concerned, 2 points :-
- Articles are 6 months apart - good enough time for a view to change.
- First article talks about PSUs as a basket. The exits mentioned in the 2nd article are specifically PSU banks. I believe they still have PSUs in their funds.
Having said that, to each his own. Those who think and believe that high turnover ratios are bad should obviously stay away from Quant funds. I personally belong to a club where I think a higher churn is infact needed to generate that alpha otherwise one might as well be in a basket of index funds ( which is what I think most mutual fund investors should in any case move towards ).