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Mutual Funds Archives - MULTI-ACT

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Race Towards Higher Yield

By | India Macro | No Comments

Multi-Act believes that comparison of returns is meaningful only on a risk-adjusted basis. Since quantifying risk is extremely complex, market participants resort to loose generalizations in their perception of risk, viz. Mutual Funds that invest in Debt Instruments are safe. Financial intermediaries that are evaluated solely based on returns while overlooking the associated risks face an incentive to buy assets complying with a generally accepted benchmark but could be risky on core fundamental parameters.  Read More

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Post-Election: Insiders Vote Out

By | India Equity, India Macro | No Comments

India’s corporate sector and its leaders were very impressed as the current government took reigns at the centre on the back of reforms it had set out to achieve. However, a review of the current scenario suggests that things haven’t changed much on the ground. Essentially, the rise in share prices of a majority of companies in the last year have been driven more by valuation re-rating than actual improvement in earnings. Likewise, there is an interesting set of data that is emerging in terms of the shareholding pattern across companies. Read More

Portfolio Management Services (SEBI Registration No. INP000002965) are offered through Multi-Act Equity Consultancy Private Limited (CIN: U67120PN1993PTC074692), which is a wholly-owned subsidiary of Multi-Act Trade and Investments Private Limited; Investment Advisory Services (SEBI Registration No. INA000008589) are offered through Multi-Act Trade and Investments Private Limited (CIN: U65920MH1997PTC109513).