There is something about how retail investors measure performance. First, they anchor performance to their own expectations. Secondly, they want their whole portfolio to do as well as the market’s best performing fund. Finally, they believe that their portfolio performance should be independent of the market’s. You will notice that…
The rate hike in US finally happened. As an event that was long expected and widely speculated, it didn’t carry any surprise element. Now that the event is behind, markets will need to focus on how global investors reset their emerging market allocations for 2017. Usually, these allocations start showing in January’s FII…
The Math of Demonetisation is slowly emerging. Money mostly is finding its way to the bank. The banking system seems to be coming under the scanner for helping cash hoarders launder money. This is something we will hear more about. Consumption is slowing. Indirect Tax collections are likely to follow suit. Service tax will…
Demonetisation became the side story on Tuesday evening. The real story was reported in almost invisible columns in the dailies on Wednesday. What are we talking about? We are talking to the most deterrent tax law passed in our nation’s history. The Government amended the taxes related to concealed income.…
The economy is set to slow down on the consumption side. Clearly, the financial results for the third quarter will be nothing to write home about. It is clear that the news flows will be bad in the coming weeks. The markets seem to be taking a stoic view of…