A client started his portfolio with Truemind 4 years ago. His portfolio was earlier managed by the wealth management team of a big MNC bank in India. Because of a long-standing relationship with the relationship manager at that bank, he moved only 50% of the portfolio to us. A few days ago, I got his call informing me that he is going to liquidate the entire portfolio with the bank and move it to Truemind.…
It’s common knowledge now that benchmark Indian & US (S&P 500) indices are down by 16% & 21% respectively with some stocks down by more than 50%. The sharp uptick in yields caused the mark to market losses in long-term debt instruments. There is a lot of chaos recently after Russia’s attack on Ukraine and the market seems directionless & confused on the way forward. In this piece, we are trying to understand what the…
Investment management is never a part-time activity but a full-time job. Quality investment management is much more than selecting schemes from star-rating websites or buying a stock based on little insights. It requires not just sophisticated skill-set for asset allocation calls (across asset classes, sub-categories, and schemes), the temperament to keep emotions under check but also an ability to quickly understand the impact of the latest market developments (global and domestic) on various asset classes…