M. Pattabiraman's Blog, page 112

An important lesson from Facebook and Stripe layoffs

Before Twitter announced massive (~ 50%) layoffs after Elon Musk’s acquisition, financial services company Stripe announced a 14% layoff. Transport company Lyft followed with a 13% layoff, and on 9th November 2022, Meta, which owns Facebook, Instagram and WhatsApp, announced that it would cut 13% of its workforce. Earlier, Amazon announced that it would freeze...

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ETF tracking error screener November 2022

This is an ETF screener based on tracking errors and tracking differences (ETF return minus index return). The screener will help users evaluate how efficiently an ETF has tracked its underlying benchmark. The tracking error is the ETF’s standard deviation minus index monthly return differences. The lower the tracking error, the more efficient the ETF...

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How families mismanage finances and what we can learn from them

A few weeks ago, in response to our article, “My salary is low, is financial independence an impossible dream for me?”, reader and contributor Anand Vaidya pointed out, “those with low incomes are often more irresponsible with money and expenses. I can share two examples” So we invited him to do so along with lessons...

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Should I now increase my international equity exposure?

Two readers have the following questions. “Given the relative performance between Indian and US markets, my asset allocation is running low on international equity exposure. (1) Should I now increase my international equity exposure?” “(2) Is there any ideal rebalance frequency (identified via backtesting)? I’ve usually encountered rules such as – rebalancing once a year/...

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Equity Mutual Fund Screener Nov 2022: Shortlist consistent performers

The freefincal Equity Mutual Fund Performance Screener (November 2022) is now available. Use it to screen for consistently performing equity mutual funds. You can screen based on fund category & benchmark and spot mutual funds with a higher return than a benchmark at a lower risk. Inside, you get discounted links to our two courses:...

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Is ICICI Prudential Value Discovery Fund worth the hype?

This edition of the fund performance report looks at ICICI Prudential Value Discovery Fund. One of the best-known value-oriented funds in the country with one of the best-known fund managers, Sankaran Naren. Naren was fund manager up to Feb 2011. He got back on the team in Jan 2021, perhaps to help the fund back...

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Why it does not make sense to invest in thematic/sectoral mutual funds!

Since there is no limit on the number of sectoral or thematic mutual funds an AMC can produce, they do just that! And these have huge fees and are marketed as the next big theme to profit from. But how consistent are they in beating a large cap index? Let us find out. Note: These...

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When can I achieve financial independence if my savings rate is 80%?

A reader asks, “I am 30 years of age. We are a family of 5 ( blessed with a kid two months back). I am the only earning member. My house is in Ahmedabad (native), and I  work in Bangalore. My monthly expenses are about 50k currently. Expenses for the kid might increase after a...

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Stocks with low volatility and momentum for NOV 2022

We publish a list of stocks with low volatility and momentum each month. We provide data for BSE 500 and BSE 100 stocks.  There are now three different screener files available. (1) Stocks with low volatility and momentum from the BSE 100 large cap universe are available as a separate file (2) Stocks with low...

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How to create a family crisis management cheat sheet

In this article, we share a risk assessment spreadsheet created by Suresh Murugan and discuss how it naturally works as a family crisis management cheat sheet. Suresh is no stranger to crisis. He met an accident the day he got married and learned key money lessons. Since this personal financial audit was shared with readers,...

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