I always believed that for successful portfolio management, one cannot just follow the herd and do what everyone else is doing. This requires independent thinking on all the aspects related to investments and not conforming to the popular narrative. I have always admired fund managers who not only analyse and value businesses properly but also understand the role of cycles and macro-economic factors that determine investment opportunities for future returns (and not just extrapolate past…
There are more than 4 crore unique mutual fund investors in India, but only 1,000 SEBI Registered Investment Advisers (RIAs). Shockingly, the number of SEBI RIAs has decreased over the last few years despite the regulations introduced in 2013, and in this write-up, I want to discuss why. First, a quick background: SEBI introduced RIA regulations in 2013 to address the challenges investors face from conflicting advice – agents want to maximise commissions, while investors…
Having a seamless ecosystem for investing globally has made investing more interesting. It enables us to invest in themes that are highly promising but are not available through Indian mutual funds. We already know that, because of the cap by the RBI on Global investing through MFs, almost all the options for investing in international funds have been closed. The only way to invest globally is through the Liberalised Remittance Scheme (LRS), which permits resident…