What is ESG investing?

Friday, September 28th, 2018

The last few years has seen a global shift toward sustainable investing. It started with investors avoiding putting money toward companies that harm the environment, but over time this has evolved into investments that take into account climate change, social issues and responsible corporate citizenship. Environmental, Social and Governance (ESG) investing is thus a new […]

The recent correction put in perspective

Thursday, September 27th, 2018

The last few weeks have seen a sharp correction in the equity market. Overall valuations are still high, primarily led by the overexposure of indices to financials.¬†We will update our quarterly valuations charts next month, but for this post, we would like to focus on the momentum in the current equity bull market. Looking at […]

RBI Annual Report 2017-2018

Tuesday, September 25th, 2018

The RBI Annual Report generally has a lot of interesting charts and data that give good insights into the state of the economy. In this first of a series of posts, we cover five charts that we found quite informative from the latest report.   1. Stalled Projects coming down The number and value of […]

Linkfest – 92

Monday, September 24th, 2018

Interesting commentary from across the web in the last few weeks:   The new breed of FMCG startups –¬†Bloomberg Quint The misleading narratives of our time – Urbanomics Death of passive management? – Institutional Investor Spot electricity spikes turning structural? – Livemint A fix to the commission problem – ValueResearch The US Tax reform gave […]

Can NRI deposits be the saviour of the currency?

Thursday, September 20th, 2018

Interesting and pertinent observation by Jehangir Aziz of JP Morgan in an interview with Bloomberg Quint     Currently the narrative around the rupee is that if things “get really bad” then the RBI can step in, issue NRI bonds and that would keep the currency in check. Jehangir Aziz observes that if you look […]

Lower Mutual Fund costs

Wednesday, September 19th, 2018

In its board meeting on Monday cleared a number of proposals with regards to mutual funds that bode well for the long term health of the sector. Firstly, SEBI has created new caps on the total expense ratio (TER) for most funds. However, it allowed an extra 30 basis points for selling in B-30 (beyond […]

Risky credit funds

Tuesday, September 18th, 2018

Last week there was a downgrade of the debt rating of IL&FS and its subsidiaries by several notches. This is having a ripple impact on the mutual fund industry. As per a report by Bloomberg Quint: IL&FS has Rs 2,500 crore worth of rated commercial paper, of which Rs 2,020 crore was outstanding as of […]

Linkfest – 91

Monday, September 17th, 2018

Interesting commentary from across the web in the last few weeks:   EM rout is not made in America – FT Alphaville Why your time horizon isn’t long enough – Of Dollars and Data Amazon’s Antitrust Paradox and India – Capitalmind Lessons from 2008 – Safal Niveshak Making private public – Irrelevant Investor What does […]

Linkfest – 90

Wednesday, September 12th, 2018

Interesting commentary from across the web in the last few weeks:   The default by IL&FS and its impact on debt mutual funds – Bloomberg Quint The dramatic shift in macros and its impact on the debt market – Suyash Choudhary India: 10 years after Lehman Crisis – Jehangir Aziz Heavy M&A activity underway in […]

Rethinking Education

Tuesday, September 11th, 2018

The universal education that we use today has not changed much in over a century. But in the same period of time, technology has drastically changed our lives and the way we do things. What the point of rote memory when everything is always available anytime through internet or computing systems. If we had to […]