This book is all about the nuts and bolts of investing science - if it can be called a science at all. The cornerstone of that science is modern portfolio theory (MPT), which is used by financial institutions worldwide, from the giant Wall Street firms to small financial advisors, to plan and monitor investments. MPT has become even more popular in recent years thanks to the proliferation of...

A fitness fanatic friend of ours slipped and badly injured his hip and wrists during the recent rains. His `huff and puff’ routine was in jeopardy. To get his daily workout, he even tried walking. But it wasn’t good enough. When a team from the University of Alberta compared a 10,000-step exercise programme with a more traditional fitness regime of moderate intensity, the researchers found...

Monthly Income Plans have disappointed over three months, six months and one year. Are MIPs worth buying at all? Has the possibility of excess returns gone out of this asset class? Analysis by ML Research Desk

Mutual funds are known to capitalise on market fads and fancies to garner money from retail investors. Monthly Income Plans or MIPs are pitched with an interesting offering. They are...