trends, trends and changes in our mutual fund review
Categories
PrimeInvestor Research Team

Quarterly MF review – trends and changes

In the first of our updates in this review cycle, we explained the changes we have made to Prime Funds, our recommended fund list. In this second update, we thought to cover two different aspects: one, changes we made to our MF Review Tool, in the way we call out our recommendations. Two, trends we have observed unfolding over the past couple of quarters that we’re keeping a watch on.

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Annual Report, how to read an annual report
Categories
N V Chandrachoodamani

Reading an Annual Report – 6 sections to look for relevant and valuable information

A company’s Annual Report is a statutory document that contains material facts and information about the company. This makes it among the most reliable sources for information on a company. In this article, we will try to give examples of where in an annual report you can find information that is useful for your understanding of business and financials. This is an illustrative article and not an exhaustive one.

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stocks to riches, stocks to riches cover page
General
Gaurav Menon

Stocks to Riches – Book Review

Stocks to Riches explains the fundamental concepts one needs to understand, to achieve success in the stock markets. Concepts like investing, differences between trading and speculation, loss aversion, sunk cost fallacy (and how to avoid falling into it), decision paralysis, mental accounting, and herd mentality. Every investor has dealt with and will have to deal with these situations in their investment journey. So having all these concepts neatly compiled and explained in one book certainly helps.

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cash flow, pvr, cashflow of pvr
Stocks
R Balakrishnan

Re-creating the cash flow

Analysis beyond the P&L and the Balance Sheet is a must if we have to take a long term view of any company. I am not referring to fundamental or technical factors, but to more number work based on the published accounts. I am referring to the cash flow. My approach is different from what most textbooks would prescribe. Statutorily the accounts do carry something called the ‘funds flow’. That is not what I mean when I talk about ‘cash flow’. In the past, during a few of my presentations, I have taken up some analytical work on companies like Sintex, ABG Heavy Industries where a reconstruction of the cash flow showed that the story was vastly different from what the EPS and the PE numbers were telling. A solid cash flow analysis can tell us what the health of the business is and based on what current and likely future trends are, what would be the outcome.

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Franklin Judgement
General
PrimeInvestor Research Team

Franklin judgement – What’s said and what’s left unsaid

SEBI has come out with its order regarding l’affaire Franklin Templeton debt funds. The 100-page document is categorical in its indictment of the AMC and the ways in which these debt funds were managed. 2 messages are clear from the order: One, investor protection is paramount to the regulator. Two, fund managers and AMCs cannot take their fund management responsibility lightly.

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reit taxation
General
Aarati Krishnan

REIT Taxation: Untangling the knots

Many investors are attracted to Real Estate Investment Trusts (REITs) because they seem to offer best of both the worlds – regular income payouts like bonds and the prospect of capital appreciation like equities. But what about REIT Taxation?

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dhandho investor
General
Srikanth Meenakshi

“The Dhandho investor” – A review

We’ve heard of fusion music, we’ve heard of fusion cuisine, so why not a fusion book?

Colour me naive, but when I picked up ‘The Dhandho Investor’ – a book with an Indian author and an Indian name, I thought it would be about Indian markets and for Indian investors. It was not. Although the author is Indian, and there are many ‘Indian’ anecdotes in the book, it is aimed at an American audience.

But that should not stop you from grabbing it and reading it. It’s a delightful book – expertly written with ideas that you can use in any free market economy.

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Mutual funds & ETFs
Bhavana Acharya

When is it fine to make lumpsum investments?

If there’s one thing all mutual fund investors are clear about, it’s that SIPs are a great thing. Every time you have money to invest, it is not a given that you use SIPs (or STPs). There are times when it’s perfectly fine to be making lumpsum investments.

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millionaire fastlane
General
Srikanth Meenakshi

“The Millionaire Fastlane” – A review

repreneur forum that I follow, someone asked a question to the group – “Which books made you the most money?”. The answers that followed ranged across topics of investing to motivational to actual business books. But one book that got the most mention was this book by M J DeMarco titled, “The Millionaire Fastlane”.

However, people who commented on this recommendation seemed quite polarized. Some of them REALLY liked the book, and other others REALLY hated it.

So, I had to buy and read it. 🙂

I just finished it, and I have to say, I hated it.

But, if you read it, you may like it. And that’s ok. While not quite liking it, I could quite see why some people will really find it inspiring or at least, alluring.

In this review, let me give you a summary of what the author says, and tell you what I thought about the ‘fastlane’ he recommends.

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evaluating REITs
Markets
Aarati Krishnan

Choosing the best REIT – 6 metrics to use

This is Part II of our series on REITs. You can find the first part here. Apart from a secret passion for owning real estate, what’s drawing many Indian investors to Real Estate Investment Trusts (REITs) is their relatively high ‘yield’ compared to bonds and deposits. The three listed REITs – Embassy Office Parks REIT, …

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