Market Commentary – Kites fly but come down
- Satish Anand
- Sep 23 2020
In this latest edition of the newsletter. we have covered details on the following:SEBI's new margin rules, effective from Sept 1, 2020, effective on the cash markets for buy as well as sell transaction.The charm of sectoral and thematic and its effects on a well-diversified portfolio.What are RBI’s OMO operations?Details on the Honourable Supreme Court’s decision to grant a timespan of 10 years to pay the statutory dues to the government.To Read the Newsletter Please Find the Link at the end...
Pre-Buget 2020 Commetary - From Mitraz Financial CIO, Satish Anand
- Satish Anand
- Feb 1 2020
A celebration of expectations or calibration of expectations – nothing really matters unless it is real.Will the finance minister...? Won't the finance minister...? Why shouldn't the finance minister...? On Radio, Newspaper, TV, What Not and Whatsapp, you will be hearing to the expectations people have from the budget. Frankly, a budget or an ideal budget if ever there could be one will still not be an everlasting solution to the current economic situation of rising inflation, slowing growth, declining...
Know your Risk Profile in and with 20/20 - Happy New Year 2020!
- Anup Bansal
- Dec 31 2019
Another year is going by and we all are ready to welcome the New Year 2020. The start of the new decade will see Mitraz reaching and celebrating an important milestone – a decade long existence since 2010.The Year 2019 started with high expectations about market recovery which were further elevated after a bigger mandate for BJP in Lok Sabha Elections in May 2019. However, the euphoria was short-lived with budget dampeners, GDP falling to 4.5% during July – Sep quarter and high unemployment....
July Newsletter - 2019
- Mitraz Knowledge
- Jul 31 2019
FINANCIAL NEWSThe Supreme Court on July 23rd delivered its verdict on the stalled projects of the Amrapali Group and has cancelled the RERA registration of the Amrapali Group. They have asked National Buildings Construction Corporation (NBCC) to complete all the pending projects of the group, thus giving respite to over 42000 home buyers. The apex court pointed out that Noida, Greater Noida authorities and bank had colluded with the group to the detriment of homebuyers. The court also directed the...
April Newsletter - 2019
- Mitraz Knowledge
- Apr 30 2019
FINANCIAL NEWSSEBI clarified that trail commissions can be up-fronted for systematic investment plans of up to Rs 3,000 per month, per scheme, for first-time investors in mutual fund schemes. SEBI had earlier asked the asset management companies (AMC) to adopt full trail model of commissions in all schemes while allowing upfronting of trail commission only in case of inflows through systematic investment plans (SIPs).The RBI raised the investment limit for FY 2019-20 for foreign portfolio investors...
March Newsletter - 2019
- Mitraz Knowledge
- Mar 31 2019
FINANCIAL NEWSThe Securities and Exchange Board of India (SEBI) has issued norms for valuation of money market and debt securities that are rated below investment grade, a move aimed at ensuring uniformity and consistency in valuation across the mutual fund industry. The regulator said all money market and debt securities rated below investment grade, shall be valued at the price provided by valuation agencies. Besides, the residual maturity for amortisation-based valuation would be reduced from...
May Newsletter - 2018
- Mitraz Knowledge
- May 31 2018
KNOWLEDGE-OUTCOME BIASSymptoms - The tendency to judge a decision by its eventual desired outcome instead of judging it based on the quality of the decision at the time of making the decision. An example - Baron and Hershey in 19881 had presented a hypothetical case to subjects, to rate the quality of a surgeon's pre operation decision. The subjects were presented randomly with a good outcome (living) or bad outcome (dying). The result was that those who were presented with bad outcomes rated...
April Newsletter - 2018
- Mitraz Knowledge
- Apr 30 2018
KNOWLEDGE-MENTAL ACCOUNTINGSymptoms - People may normally feel that money saved for a new house requirement, kids marriage or education is too "sacred or important". As a result, this account may not be touched at all by the client even if doing so would provide added financial benefit. An example could be the portfolio that is managed for the client to meet the expenses for the kid's education in the US which is three years away. Simultaneously, the client also maintains a personal portfolio...
March Newsletter - 2018
- Mitraz Knowledge
- Mar 31 2018
KNOWLEDGE-SUNK COST FALLACYSymptoms - An investor who is likely to hold on to his investments or may invest more even if the opportunity cost is high because of the time and the money (cost) that has already been spent (sunk) on it. An example at an institutional level could be the PSU Banks which lend more money to distressed companies so that the initial funds could be recovered. Steps to correcting the bias - Future investment decisions should not be done on the basis of sunk cost. In...
June Newsletter - 2018
- Mitraz Knowledge
- Jun 30 2018
KNOWLEDGE-OUTCOME BIASSymptoms - The Isolation Effect (The Von Restorff Effect) is likely to be exhibited when people value a thing differently depending on whether it differs from the rest and whether placed next to an inferior alternative. Hedwig von Restorff recognized the Von Restorff effect in 1933. She conducted a set of memory experiments around separate and distinctive items, concluding that a different thing, in a list of otherwise related things, would be better remembered than an item...
