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Valuation Does Matter
posted on 13 March 2024 by Sunil Jhaveri
As I am penning this note at 2:45 pm on 13th March 2024, Markets have corrected by 1.50% in Large Caps and by almost 5% in Small Caps and 4% in Mid Caps. These tables will look quite different if I would have incorporated data based on today’s market corrections. But I did not wish to wait till tomorrow to release this note for the benefit of the readers and investors. Market Regulator has cracked down on some of the operators in Small Cap space and given warning to AMCs to take corrective steps so that Investors do not suffer due to froth building up in this pace. Many AMCs have stopped inflows in their Small and Mid Cap schemes based on this. This causing further panic and adding fuel to fire.
MisterBond’s Momentum SIP – another revolutionary idea from MisterBond
posted on 16 February 2024 by Sunil Jhaveri
Investors select schemes for SIPs based on past performance, time horizons, and risk appetites. They choose equity categories like BAF, Large Caps, Mid Caps, Small Caps, and Flexi Caps. Top-performing schemes tend to perform poorly over the next three years, but investors continue to invest in these schemes for long-term goals. Investors often stop SIPs in underperforming schemes and restart in well-performing ones, causing a cycle of changing lanes. MisterBond has devised a unique ranking model which ranks schemes based on rolling returns analysis over past 6 months, 1 year and 3 years – which takes into account not only consistency of performance but also momentum of recent past performances as well.
3 Investment Themes for FY 2024 and Why?
posted on 10 April 2023 by Sunil Jhaveri
I had posted a Tweet a few days back, wherein I had suggested that FY 2024 same 3 Asset Classes will do well which did well in FY 2023 as well viz. Gold, Debt and Asset Allocation: My Reasons for the same:
Is India Decoupled from rest of the World
posted on 22 September 2022 by Sunil Jhaveri
We have been listening to the narratives of how Indian markets are more resilient than other global markets. How Indian Equity markets have fallen the least among other emerging markets as well as the strength of INR vis a vis other global currencies v/s Dollars. Is it prudent to think that India will be insulated from Global deteriorating Macro and Geo-Political factors and carve a different path of its own? Click above to read more
FT Winding Up Saga – The Conclusion – All’s Well that Ends Well
posted on 18 August 2022 by Sunil Jhaveri
I had penned 3 articles on the captioned subject and done innumerable Social Media interactions through Twitter and LinkedIn and given my thoughts, observations and suggestions – only keeping in mind the best interests of the Investors at heart. What I had said on the very first day post winding up, how things panned out a year later and finally showcasing on how – what I had predicted in terms of outcomes – have all come true: It was a very difficult chapter in the history of Mutual Fund Industry. Not only from the Investors point of view – whose funds were stuck when they needed them the most during lock down due to COVID but also for various different reasons as well.
FT SAGA - LESSONS LEARNT
posted on 16 December 2021 by Sunil Jhaveri
Now let me talk about the lessons learnt in point format first and then elaborate on each of the points: 1. Do not Panic 2. Apply Common Sense and Logic 3. Do not get swayed by negativity 4. Be consistent in your Message 5. Have Patience 6. Show solidarity and unity among the Market participants; especially among AMCs and MFDs 7. Trust the pedigree of the AMC and the Fund Manager in question Now let me elaborate on each point:
Add New Dimension to Your Multi Asset Allocation
posted on 29 October 2021 by Sunil Jhaveri
As I am writing this note, NIFTY has scaled 17,857 and Sensex has scaled 59,985 (as on October 28'2021). No one in their wildest imagination would have thought of such stupendous rallies in some of the Asset Classes since the outbreak of COVID19 in March 2020. March 2020 was a month of Doom and Gloom and most experts had predicted very long recession from thereon. October 2021 is the time to relook at your Asset Allocation with a magnifying glass and look to reallocate some of your client investments to align with current market valuations in different asset classes. Multi Asset theme which has started becoming popular is the way going forward as well.
Curious case of NIFTY50 Scaling New Highs & NIFTY50 PE Cooling Off
posted on 18 August 2021 by Sunil Jhaveri
Of late I have noticed that NIFTY50 has been scaling new highs but its PE (Consolidated Trailing 12 months) has come off significantly. It is also reflecting in my Algo number and the Equity band it recommends - from 0% in Equity, it is now showing 30% equity allocation in Equity in rising markets. This got me thinking and did my own research with inputs from an explanatory note circulated by DSP Mutual Fund (when Market PEs were changed from Stand Alone basis to Consolidated basis -will write more on this as well) and inputs from Mr. Manuj Jain, Senior Product Specialist at ICICI Prudential Mutual Fund.
Investor - Bharat Bond ETF
posted on 17 December 2019 by Sunil Jhaveri
I am sure by now most readers are aware of what Bharat Bond ETF is and what are its salient features. I have seen and read many notes on the same. Surprisingly, all are repeating the same i.e. what is ETF, how this Product has transparency, liquidity, visibility of returns, tax efficiency etc. However, none have so far highlighted the NEED-SOLUTION approach for Investors to look at and take an investment decision based on that. If you see this as another debt scheme or a product, there will be less traction; but if you see this as a NEED and a SOLUTION approach, you will get better perspective as to why you should look to invest in the scheme . Also, I will explain in detail the Concept of Constantly Rolling Down and how does it benefit the Investors.
Bharat Bond ETF
posted on 17 December 2019 by Sunil Jhaveri
I am sure by now most readers are aware of what Bharat Bond ETF is and what are its salient features. I have seen and read many notes on the same. Surprisingly, all are repeating the same i.e. what is ETF, how this Product has transparency, liquidity, visibility of returns, tax efficiency etc. However, none have so far highlighted the NEED-SOLUTION approach for Investors to look at and take an investment decision based on that. If we sell this as another debt scheme or a product, there will be less traction; but if we sell this as a NEED and a SOLUTION approach, we will get better Mind Share and Wallet Share of the Investors. Also, I will explain in detail the Concept of Constantly Rolling Down and how does it benefit the Investors.
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