“Everyone wants to be the next Warren Buffett of India," Tandon, who is the CEO of Quant Mutual Fund, told Mint in an interview for the Guru Portfolio series. “I don’t have any investment guru and I don’t try to mimic anyone’s strategy."
Any visitor to Quant’s office in Mumbai is immediately drawn to the flowchart in the boardroom there. The flowchart, drawn up in 2012, predicts a biological disaster happening in 2022. It wasn’t off the mark by a wide margin. The Covid pandemic struck in 2020 and the nation was shut till early 2022.
The chart also predicts that the coming years will not be rosy for the markets. An economic war and deteriorating weather conditions, among other setbacks, will supposedly keep the market lukewarm till 2030. The Quant Mutual Fund team swears by this chart’s accuracy. And Tandon himself credits it to Quant’s dedication to decades of data gathering. He has reportedly spent more than $22 million (about ₹180 crore) collecting wide-ranging data points that include weather patterns, geopolitical happenings, and market sentiment analysis over the years. This data is the lifeblood of Quant’s investment operation.
At Quant, there is no star fund manager. To be precise, proprietary framework and data is the star manager here. Fund managers can choose stocks from the basket that their framework has suggested but cannot override its suggestions.
Despite all the complexity that Quant Mutual Fund deals with, Tandon prefers to keep his personal piggy bank simple. His mantra is, “Invest long term, invest in India, and think value for money."
Imagine that you have ₹100 today. How would you invest that money?
Diese Geschichte stammt aus der May 25, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der May 25, 2023-Ausgabe von Mint Mumbai.
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