In your interest.
Online Personal Finance Magazine
No beating about the bush.
In our 9 November issue, we had pointed out that it’s not only most local equity funds that underperform their indices; the same holds true for top international funds, run by smart fund managers as well. Indian markets are inefficient and are supposed to...
Why do investors latch on to past performance of funds even though it has little correlation with the future? Debashis Basu explains
In our last issue, we discussed how a study by Litman/Gregory Fund Advisors (LGFA) “failed to unearth a significant positive correlation between past relative performance and future relative performance.” However, the idea that the past gets repeated is firmly...