Father to twin chaos coordinators ๐ง๐ง | Husband on lifelong probation ๐ | Wrong-footed bowler at club cricket level ๐ | Avid traveller & armchair macro-strategist ๐ | Finds global politics more dramatic than Netflix
Most Indian investors can tell you the P/E ratio of TCS. Far fewer can explain how a REIT generates returns โ or why InvITs quietly delivered 25.48% total returns in 2025, outpacing the Nifty 50's 11.88%. This is the definitive guide...
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An essay on the architecture of India's wealth management industry โ and why we chose to build a different kind of firm.
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A data-driven case for gold in Indian portfolios. Covers 20-year returns, current drivers, tax comparison (SGB vs ETF vs physical), and Grey Sky Capital's systematic approach
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Price action is the final arbiter. Everything else is noise.
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In CY 2025, the average equity PMS delivered just +0.25% while the average large cap mutual fund returned +6.50%. Yet multi-asset PMS strategies averaged +9.62%, outperforming every mutual fund category. Over 5 years, the median equity PMS compounded at 15.52% CAGR โ beating the Nifty 50. The truth?
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Your bank won't tell you that an overdraft home loan can save you โน15-25 lakhs. Your broker won't mention that 93% of F&O traders lose money. And nobody taught you that your EPF โ that "deduction" you ignore on your salary slip โ is quietly building a crore-plus corpus while you chase stock tips.
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Management fees, performance fees, hurdle rates, high watermarks, catch-up clauses โ and why the fee structure you choose matters more than the fee percentage you pay. 01 โ The Simplicity of Mutual Fund Fees Before we wade into PMS territory, let's appreciate how elegantly simple mutual fund fees are. When
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Momentum investing works beyond stock selection. Academic research across 212 years and 58 markets shows momentum drives asset allocation between equities and gold โ reducing drawdowns while preserving returns. Why India's momentum PMS strategies are missing the bigger opportunity.
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What is a Quant PMS and how does it work in India? A comprehensive guide to systematic, rules-based Portfolio Management Services โ how quant strategies differ from traditional PMS, what to look for, and why India's HNIs are making the shift.
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Equity creates wealth. Gold preserves it during the storms. And a system that knows when to shift between the two โ without emotion, without committee meetings, without playing to the gallery โ that's the edge.
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PMS (Portfolio Management Services) lets you invest โน50 lakhs+ in a SEBI-regulated, personalised portfolio where you directly own the securities. This guide covers how PMS works step by step, how it compares to mutual funds, SEBI regulations and APMI performance standards.
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CAGR is the most quoted and most misleading metric in investing. It tells you where you ended up โ nothing about the journey. Rolling return analysis, Sortino, drawdown data, and capture ratios reveal what CAGR hides: whether a fund's edge is real, or just a lucky streak dressed up as skill.
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In the US, 45โ50% of active funds now run on quant strategies. India's next. Yet here, most PMS still relies on one person's gut. The data is clear: rules beat instinct, consistency beats bravado, and models that see reality as it is.
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You've crossed the โน50 lakh threshold. Two doors stand before you: PMS and AIF. Both are SEBI-regulated. Both cater to HNIs. But the difference is big.
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Most investors fall in love with their stocks, holding onto 'good breeds' even when they fall behind. Our model has no emotions. It acts as a ruthless gardener: watering the roses and cutting the weeds. Read on to see how we apply the physics of a horse race to stock market portfolio construction.
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