My spouse took the Bandra-Worli Sea Link, while I was forced to take the old route as I needed to pick up a friend from Shivaji Park. Both of us assumed that my spouse would reach faster. However, she got stuck in a traffic jam at the Sea Link exit.
Consequently, she arrived much later than I did despite taking the "faster" route. However, we both agreed that she would have reached faster via the Sea Link under normal circumstances.
I shared this experience with my client Rohan, whose bank manager had pitched a passive fund replicating the Nifty 200 Momentum 30 Index (MI). MI consists of 30 high-performing stocks from the prior year, chosen according to a specified formula. The momentum style is based on the premise that stocks with strong past returns are likely to perform well in the future. The sales brochure highlighted MI's 64 per cent annual return for the year ended October 1, 2024, outperforming the Nifty 50 Total Return Index (TRI), which returned 34 per cent. Thus, MI outperformed the Nifty 50 by an "extra" 30 percentage points over that one-year period.
Denne historien er fra December 02, 2024-utgaven av Business Standard.
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Denne historien er fra December 02, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Uber rolls out Asia's first water transport service with shikara bookings at Dal Lake
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