Lord Ganesha – the Vighnaharta or “destroyer of all obstacles that come our way”, is source of so much wisdom and power that we begin all our auspicious work only after worshipping him. Each year we indulge in 10 days extravaganza to commemorate his birth. On the day of Vinayaka Chaturthi, we bring Ganapati to our home and worship it daily for next 10 days and immerse it on the day of Anant Chatudashi in holy waters. This is a usual process that devotees of Ganesha follow every year. Does this have any resemblance to what we do to our investments? Let’s seek guidance from the Lord of Wisdom himself. This whole process involves three sub-processes – Sthapana – placing the Ganesha’s idol, worshipping it for ten days and then Visarjana – immersing it on completion of the period. Sthapana – It is akin to construction of your investment portfolio. We select a statue, cloths and accessories etc. having an image in our minds as how our God should look like (goal). Similarly we work on d
A. SEBI raids offices and locations of Quant Mutual Fund suspecting front running in its schemes. B. Grow an online mutual fund transaction platform for direct investors, committing fraud with its investor. Since yesterday morning these two news are making headlines across electronic and social media channels. Investors are worried how safe are their investments and what should they do now. We have received dozens of calls seeking our views on these news and action points. Lets discuss them one by one and likely impact on your investments. A. SEBI raids Quant Mutual Fund Offices – Quant mutual fund has grown by over 1000 times in last seven odd years from the time they took over Escorts Mutual Fund in 2018. Quant’s assets under management (AUM) stand at over 93,000 crores. Quant practices momentum strategy very aggressively and have been quite successful over last 3-4 years. Peers in most categories lagged performance by a decent margin when compared to schemes of Quan