We’re a bit early, but this newsletter won’t get to say this tomorrow, so here goes – wish you a very Happy Independence day! 🇮🇳
In this edition we extend a special discount offer, take a deep look at one of our core portfolios, evaluate an IPO, and, check out the latest podcast episode. On slack, we discuss a bunch of things along with a string of posts reviewing earnings reports of our portfolio companies. And finally, we sum up by sharing links to posts from across the internet about investing and finance.
But first, a discount offer you cannot refuse 😎
This Independence day, grab 25% discount on all plans! 👇
Beating the street: Capitalmind Focused Portfolio 🚀
At the core, the focused portfolio is designed to generate wealth by investing in growth companies across sectors. It invests in market leaders with strong balance sheets and growth visibility over the next 3-5 years.
That said, the portfolio is beating the street these days. It has generated an alpha of 22.6% over Nifty 50 in the last year. This outperformance is achieved even with a cash holding of 10% in our portfolio!
Read more: New Approach, New Identity – The Focused Portfolio ➕
The great Indian appetite for IPOs! 🍰
CarTrade could not have better timed the launch of its IPO. The market is optimistic, IPOs are heavily over-subscribed and with the outbreak of coronavirus, Indians are not only adopting online shopping but also preferring their own mode of transport.
CarTrade, with a successful IPO, would be the first online auto portal for cars & two-wheelers and a leading auction platform for used vehicles.
[Premium Read]: CarTrade: A Play On New Age Car Buyers ➕
Portfolio Management Service (PMS) – the Capitalmind way! 🎧
- What is a Portfolio Management Service?
- How does it really work?
- Do they actually benefit their clients?
In this episode, Vashistha and Deepak explore PMS’ through their experience of running one at Capitalmind. They explain how the operations work, the pros and cons of different fee structures, quantitative strategies, and how PMS’ are different from AIFs, Mutual Funds, and Smallcases.
Listen In: Why we run a PMS and how we do it differently ➕
Markets this week 🚦
The IT pack was booming this week while most of the other sectors ended up in red. Though we kept making newer highs on the Index, half of the sectors are in red compared to the last month.
[Premium] The School of Slack 😎
We bring you the most insightful discussions from our slack community
- There is one more IPO on the block and Krishna Appala shares a quick review. [link]
- Wait, what! The mothership of all of venture capital funds is struggling? [link]
- Long-term investing based on charts and technical indicators? Interesting discussion. [link]
- We discuss if one should invest in International markets, how much, and where? [link]
- Earnings and Karma always catch up, so they say. Here are links to earnings reviews of our portfolio companies and more. [1][2][3][4][5][6][7][8]
Links we Like✨
In this section, we bring you interesting links from across the internet (For this time, all these links are from the posts by members on our slack community).
- Factor investing sounds fancy and new – but it’s not. It’s been around. It’s the process of picking stocks basis some attributes to aim for higher returns. Here’s a great explainer on How Factor Investing Works, Using Everyday Examples
- Macroeconomics is always open to interpretation and charts go a long way in adding the much-needed visual nuance to it. Check out Chart of the Week – China Credit Impulse and the Global PMI
- The author ponders, “Quantitative equity investing is having a bit of a mid-life crisis. Will the same approach that has worked for many of us for several decades continue to work in the future?”. Read on – The Future of Quant Equity
That’s all folks. Have a great weekend!
