Tag
#benchmarks
9 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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Benchmark Selection for Portfolios: How the Wrong Benchmark Invents Alpha
Choosing a benchmark is not administrative. The benchmark defines what counts as skill, so a mismatched one manufactures alpha or hides it. Here is how to select one properly.
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How Indian Stock Indices Are Constructed
Index construction in India follows a published rulebook: an eligible universe, a selection rule, free float market cap weighting, a divisor, and a periodic review cycle.
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Index Rebalancing Explained: Reviews, Inclusions and Exclusions
Index rebalancing is the scheduled process where a provider re-applies its rules, updates constituents and weights, and index funds trade to match. Here is the mechanism and its effects.
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Nifty 50 vs Nifty 500: Coverage, Concentration and What Each Represents
The Nifty 50 holds 50 large, highly liquid companies. The Nifty 500 covers 500. One is a headline gauge, the other a broad market proxy, and their concentration differs sharply.
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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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Total Return Index vs Price Index: Why TRI Is the Fair Comparison
A price index tracks only price movement. A total return index adds dividends back in. Comparing a fund's returns to a price index quietly overstates its performance.
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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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GPT vs Claude vs Gemini on Company Filings: Why Model Benchmarks Mislead in Finance
Public LLM leaderboards rank general reasoning, not filing work. In finance the gap that decides quality lives in data handling, not raw model IQ.
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