Sharp moderation to returns During the final quarter of 2021, India equities delivered the weakest returns in over 2years, both in absolute terms as well as relative to global markets. Although another Covid wave did add to the concern, sharp …
We outperformed the best performing stock market During the July-Sept quarter, India equities delivered the best returns relative to other global markets. One of the reasons was the sharp recovery from the brutal 2nd Covid wave. Under these circumstances, Ampersand …
We have delivered Index beating returns Stock markets, both in India and globally are scaling newer highs despite multiple waves of Covid pandemic, and several macro concerns. The traditional Chinese curse “May you live in interesting times” truly defines the …
Quarter of slower, but positive returns What doesn’t kill you makes you stronger – this aphorism from German philosopher Friedrich Nietzsche is clearly playing out in the ongoing bull market. During the Jan-Mar 2021 quarter, our stock markets delivered the …
A rally for all seasons The quarter under review i.e. Oct-Dec 2020, was a great one for equities globally, including our stock markets. Our fund NAV rose 14.7%, following up on a similar performance during the previous quarter. This performance …
Plethora of challenges in our short journey so far We have completed 3 years of managing our long only AIF. Notably, Nifty delivered 4.7% CAGR, which is amongst the poorest of any similar period. In fact, Mid and Small cap …
A quarter of partial recovery We started the quarter in the abyss but ended with a reasonable degree of hope and expectation. Our fund NAV rose 19.4% during the quarter under review, slightly lagging the benchmark BSE 500. The recovery …
Contagion led destruction A global pandemic like no other seen in the past century has wiped out over 30% of market cap across markets. In less than a month, most stock markets have capitulated from historic peaks to multi-year lows. …
Yet another quarter of divergence The quarter under review has been singularly challenging for us. While benchmark BSE 500 rose 3.3%, our fund NAV declined 0.1%. An aberration we opine, but will get to that analysis later. Most of the …
Decent show amidst high volatility We completed 2 years of active fund management this September. Since inception, NAV is up 18.1%, bettering benchmark BSE500, which was up 9.9%, and significantly ahead of small and mid-cap indices. During the first year, …