Beyond Absolute Returns: Mastering Risk-Adjusted Performance Evaluation

Imagine you are reviewing two mutual fund schemes for a client’s portfolio. Fund A has delivered a stellar 18% absolute return over the past three years, while Fund B has returned a more modest 14%. A novice might...

Beyond the Prospectus: Mastering the Mechanics of Product Suitability

Imagine you are reviewing a new hybrid debt instrument issued by a mid-sized Indian infrastructure firm. Your firm’s research desk is excited about the yield, which sits significantly above current bank fixed deposit...

The Silent Performance Killer: Transaction Costs and Net Returns

Imagine you are reviewing a client's portfolio performance in India. On paper, the gross returns look impressive, consistently outperforming the Nifty 50 benchmark. However, upon calculating the total cost of...