Category
Mutual Fund
14 articles
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Active Share Explained: How Different Is a Fund From Its Index?
Active share measures the percentage of a fund's holdings that differ from its benchmark index. Here is the formula in words, how to read it, and what it cannot tell you.
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Expense Ratio Impact on Returns: The Arithmetic of a Recurring Fee
The expense ratio is deducted daily from NAV, so it never appears as a bill. Over long horizons the drag compounds. Here is the arithmetic, shown neutrally, and its limits.
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Index Funds vs ETFs in India: Structure, Tracking and Costs
Index funds and ETFs can track the same index but differ in how you transact, how price relates to NAV, what you pay, and where tracking difference comes from.
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PMS vs Mutual Funds vs Stock Baskets: Structure, Costs and Transparency
PMS, mutual funds and stock baskets differ in who legally holds the securities, minimum size, fee structure, tax treatment and disclosure. An even-handed structural comparison.
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Smart Beta Funds in India: What They Are and How to Evaluate One
Smart beta funds track a rules-based index built on factors like value, momentum, quality or low volatility. Here is the Indian menu and how to assess one honestly.
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SPIVA India Explained: What the Scorecard Measures and How to Read It
SPIVA compares active fund returns against a designated benchmark index, corrected for survivorship and measured net of fees. Here is the methodology and its honest limits.
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Why Active Funds Underperform Their Benchmarks
Active fund underperformance is mostly structural: the arithmetic of the average investor, layered costs, total return benchmarks, capacity limits, and how the comparison itself is built.
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Comparing Fund Manager Portfolios at Scale
Comparing fund portfolios at scale means looking past the top holdings to overlap, active share, concentration, sector bets, and factor tilts, so you can see how two managers actually differ.
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Finding Consensus Changes Before Earnings
Consensus changes are shifts in what the market expects a company to earn, spotted before results land. The change in expectations moves stocks more than the level.
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How Mutual Fund Analysts Compare Companies Within a Sector
Buy-side analysts do not rank companies on headline numbers. They normalise for accounting and structure, put businesses on a like-for-like basis, and separate quality from cheapness before ranking anything.
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How Portfolio Managers Monitor 100 Companies at Once
Managing 100-plus names is a triage problem, not a reading problem: rank by exception, let alerts surface what changed, rotate deep coverage, and spend attention where the thesis is under stress.
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Managing Research Coverage Across Sectors
How institutional teams manage research coverage across many sectors: sizing capacity, prioritising names, trading depth against breadth, and handing off cleanly so nothing important goes unwatched.
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Measuring Portfolio Drift: How a Portfolio Wanders From Its Mandate
Portfolio drift is the slow, unintended shift of a portfolio away from its stated style, size, sector, and concentration limits. Here is how to measure it before it surprises you.
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What Changes After Every Quarterly Result: An Analyst's Update Routine
After every quarterly result a disciplined analyst runs the same checklist: numbers versus estimate, what guidance changed, whether the thesis still holds, and which model assumptions to update.
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