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When the desire to maximize returns blurs fund mandate definitions

Roopali Prabhu, Head of Investment Products, Published Apr 19, 2016

Caution has been our investment theme for 2016. Rebalance, the mantra. All conversations within our strategy and research team centre on these two words. For mutual funds, it was decided that the key evaluation parameter should be ‘pure play’ to reflect the contemporary theme. The mandate was simple – recommend five pure play large cap…

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India Equity Investment Strategies: Seeking ‘economic moats’ of Indian companies

Rajesh Cheruvu, Head of Equities, Published Apr 19, 2016

Circa 1453. The capital city of Constantinople is witnessing a fierce assault by Ottoman forces under Mehmed II on the Byzantine Empire. Crusaders are besieged by a more modern and larger army. But Mehmed’s forces are unable to overcome an unlikely enemy; a deep and mysterious moat that surrounds and protects the city, giving the…

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