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In the current financial year, risky portfolios managed by us and benchmarked to market indices such as the BSE SENSEX price index or the BSE Small Cap Price Index have been severely under-performing. While I have been witnessing this underperformance since January this year, I felt it would be prudent to give this sometime before […]

The CFA Society of India had recently conducted a Value Investing Summit in Delhi. Eager to listen to the best minds in the industry, I enrolled for the conference in which Mr. Raamdeo Agrawal of Motilal Oswal was one of the speakers. Mr. Agrawal in his inimitable style presented his journey as a presentation titled

In mid July, I had the good fortune of being a part of a panel discussion on robo-advisory in India. I was the only representative of a bricks and mortar fee only Investment Adviser on the panel. I was invited onto the panel to provide a perspective of how a fee only Investment Adviser in

The subject of this month’s blog is a shameless copy of a chapter from the book Complications by Dr. Atul Gawande. The book provides a fascinating insight into the error prone world of doctors. In the chapter “When doctors make mistakes”, Dr. Gawande takes us through a near fatal incident involving a patient for whom he was

The month of April is busy for Aroha Capital. It is the month of the year when client invoices are raised and clients cut their cheques to us. With growth in our client base and the quantum of our outperformance becoming non-trivial, we have had the pleasure of discussing with many of our clients our

While every client is aware of the return generated in her portfolio for the financial year just ended, I would like to take some time to present on how Aroha Capital has performed on a composite portfolio basis. As explained earlier, every client has anyone of the following benchmarks – (a) the low risk State

When I receive enquiries on the viability of Portfolio Managed Services (PMS), amongst the many pointers that I put out to prospective investors is to draw attention to the concept of High Watermarking and to ensure their PMS fund manager uses it to calculate performance fee. In the home page of our website under the

In the many reviews I have received of our new web-site, one question that kept repeating itself was – what does the term dumb-bell strategy mean?. As real estate on the main page of the web site was scarce, I decided to write a piece on this and provide a link to this article for

Dear clients, my apologies for not presenting my monthly blog for 30-Nov-16. We have been swamped with work including the revamping of our website, change in office location and the move to the MFUTILITY platform for mutual fund transactions in the DIRECT mode. In the midst of all this, client acquisition has been active. There

Festive greetings to all my dear clients. Wishing those of you who celebrate Diwali, a joyous and prosperous year ahead and for the others I hope you are thoroughly enjoying the long weekend that the festival has provided us. As much as I use this blog to communicate to my clients, I also use this