Way back in 1948, investors in the US were presented with the television fund, which sought to profit from the burgeoning television industry. Then there was The atomic development fund; the science and nuclear fund; nucleonics, chemistry & electronics shares; the missiles-rockets-jets & automation fund; and Steadman Oceanographic & growth fund. More recently, we saw the ARK Funds serve a platter of thematic investments-innovation, genomic revolution, next generation internet, 3D printing, autonomous tech and robotics, and space, exploration and innovation.
In India, we have numerous themes, too: media, energy, infrastructure, consumption, banking, financial services, defence, innovation, exports, services, momentum strategy, and so forth.
Across geographies and asset management companies (AMCs), the compelling narrative is the recurring motif-the story that is woven. To get a share of your wallet, it must first capture your imagination and fuel expectations of outsized returns. Thematic investing appeals to the worst investor instinct: the desire to get rich quickly by discovering something others don't know-a horrid cocktail of avarice and self-confidence. A story is spun. The investor falls for it and bites the bullet. I constantly hark back to what philosopher Jean-Paul Sartre so profoundly said: "Man is always a teller of tales, he lives surrounded by his stories and the stories of others, he sees everything that happens to him through them." Politicians, companies, marketers and AMCs know this.
The Storytelling Of Apple
Money manager Vitaliy Katsenelson adapts this thought to elucidate how Apple has made a mark. Born in Russia and an immigrant to the US, Katsenelson is now the chief executive officer and chief investment officer at Investment Management Associates.
هذه القصة مأخوذة من طبعة August 2023 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 2023 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
BUDGET & YOU: NEW REGIME BEATS OLD IN FY26
Lower tax slabs and nil tax on incomes up to 12 lakh has not only provided relief to middle-class families but also rendered the old tax regime irrelevant for most of them. The government also renewed its focus on senior citizens
Consistent Returns In Hybrid Space
The Indian equity market is going through rough waters, leaving investors uncertain about whether to choose equity or fixed-income investments. Experts, meanwhile, predict higher volatility and recommend a safer approach.
BEHIND THE MIND GAMES THAT END IN 'DIGITAL ARREST'
The new scam of digital arrest employs psychological pressure to dupe vulnerable victims, who go through a phase of trauma and fear. We tell you how it works, whether the government is doing enough to curb the menace, and how you can keep yourself safe
Boost To Consumption, But Don't Buy Blindly
With the budget putting more money into the hands of people to boost consumption and increasing foreign direct investment in insurance, certain consumer-oriented sectors, such as FMCG, auto, as well as manufacturing are expected to do well, but think before investing
Pre-Existing Diseases In Insurance
Understanding pre-existing diseases (PEDS) in health insurance is crucial because they can affect your coverage and premiums. Pre-existing conditions, such as diabetes or heart disease, are health issues you may already have and know of before purchasing insurance.
'Govts Are Often Influenced By Private Interests, And Don't Focus On Health'
Longevity is not about going to the gym or having superfoods, but living in an environment that promotes a healthy lifestyle. Dan Buettner, the Blue Zones founder, National Geographic fellow, best-selling author and the producer of the Emmy Award-winning 'Live to 100: Secrets of the Blue Zone' series, learnt this during his decades-long research into five blue zones of the world. In an interview with Nidhi Sinha, Editor, Outlook Money, as part of the Wealth Wizards series, he talks about another kind of wealth, a healthy and fulfilling long life. He also talks about blue zones, and how policy matters when it comes to improving the health, lifestyle and longevity of the population
The 'Gap' In Long-Term Returns
There is a significant gap in the nominal and inflation-adjusted returns across asset classes. So, reading long-term trends is important before making investing decisions
Changed Jobs? Where is Your EPF Money?
For many employees, transfer of EPF becomes a nightmare when changing jobs. We give you the likely problem scenarios and what you should do for a seamless transfer of your EPF upon changing jobs and states
Old-New Break-Even Point Is High
The break-even point for deductions to choose between the old and new tax regimes has increased to ₹8.50 lakh for income of ₹24.75 lakh and above. Normally, deductions and exemptions commonly claimed by salaried individuals do not exceed ₹8.50 lakh
How Not To Be Financially Vulnerable
We often naïvely assume that our monthly pay cheques will cover whatever life throws our way. But it may not cover all our emergencies, which is why we need to create a safety net
