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Showing posts from June, 2024

Front Running in Quant Mutual Fund or Groww accused of fraud - Impact on your investments

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 margi...

Ekadashi, Eid & Your Personal Finance – Core & Satellite Investment Strategy

“Even the intelligent investor is likely to need considerable willpower to keep from following the CROWD.” – Benjamin Graham Ekadashi or the 11 th day of the fortnight of the Panchang (Hindu lunar calendar) is a very important day for many followers. They observe fast on this day and practice self control – physically as well as spiritually. This way they try to cleanse their mind and body every fortnight. Eid ul Adha is a festival of sacrifice. On this day followers are expected to sacrifice their most beloved possession as a gesture of gratitude towards God and in expectation of big reward that God will bestow upon them for the sacrifice. Similarly when it comes to managing your personal finance, one needs to exercise lot of self control to keep away from the public emotions and the noise. Saving oneself from market noise does not mean to follow “Fill it, Shut it & Forget it” strategy, the tagline Hero Honda used to introduce its bikes. It is equally important to keep review...