Fund of funds (FoFs) attempt to capture the best of fund management expertise by investing in the units of mutual funds rather than buying stocks directly. They ought to be super fund managers. How have these funds done over the past one year? There are 37 FoFs of which only 29 have been in existence for more than a year. We considered the absolute returns of these 29 funds over a one-year...

After a brief relief rally from 8,701 (week ended 24th October) to 9,964 (week ended 7th November), the Sensex declined again. At the time of writing, the index stands at 9026.72. We had mentioned that the rally that we were witnessing was a false one, and the index was likely to come down. This is what happened. Even if the market rallies again now, it may be a false one. Given the recent...

The way you interact speaks volumes about your personality

The other day, a friend and I were talking about a common acquaintance. Neither of us knows this person too well, but had met him a couple of times socially and professionally. However, both of us carried a very positive image of the individual and felt he was one good human being. Later, I began to reflect on that. How is it that we...