Value Research

SEBI created flexi caps in 2020 to fix this exact drift. Six years on, the drift is back.

Booking profit feels smart. It's usually a mistake.

A soaring price has rebalanced your portfolio for you, in the wrong direction. Here is how to fix it.

The problem gets worse the bigger the fund grows.

Forget the trillions being bet on AI. The revolution that matters is the one you can build for yourself, for free, right now.

The PM appealed against gold on Sunday. Customs duty rose 15 per cent today. By evening, HDFC withdrew its Gold and Silver NFO. Here is what to do about your portfolio.

What you can do right now, without waiting for any rule to pass.

The market misprices stocks using outdated assumptions. The opportunity lies in that gap.

The people who would benefit most from third-party SIPs aren't the ones this rule is designed for 

Which funds to pick, and what to do when the market crashes: Dhirendra Kumar breaks it down.

Don't think higher of something that is more complex, especially in investments, says Dhirendra Kumar

It's the kind of time when we need to absorb the wisdom of Guru Buffett

Four kinds of letters arrived after last week's column on West Asia, and the largest pile asked the same question

A simple strategy to protect our investments

Dhirendra Kumar explains why 'this too shall pass' may not apply this time — and what that means for your investments.

The largest active fund today manages more money than the entire industry did when this magazine started

For 30 years, I have told readers to ride out every crisis. The US-Iran war is the exception, and the reason matters more than the news itself.

Trader, mathematician and writer Nassim Taleb thinks that markets are far more random than we think and increasing reliance on models and investment theories may be making financial disasters more likely.

The PM's list isn't about gold. It's about something bigger.

Why confident predictions about markets usually get the most important things wrong

Sometimes waiting for too long can lead to missed opportunities

The Prime Minister's seven appeals are about consumption. The signal they carry is about the rupee.

Blindly following brokers and advisors can quietly destroy wealth. Good investing starts with questioning advice, not trusting it blindly.

Your Salary Has Stopped. Your Expenses Haven't.

The real edge in investing isn't being able to connect the dots and spot winners - it's the ability to invest capital that is truly yours. That is real safety.

History has the Great Man theory, and likewise, the field of investment can have the Great Investor theory. But can there be a great investor, or can anyone become one by following trends?

The data says no — and here's exactly what it costs you to say yes.

Waiting for certainty is just another way of paying a premium

Investors who obsessively follow financial news often harm their own interests by overreacting to it. News is about the short-term, which investors should mostly ignore...

A weird betting bot teaches what seasoned investors already know: the best strategy is often to do nothing at all

Human beings perceive and calculate risk in a very non-linear fashion. We are often unable to make the correct decisions in everything from where to go on a holiday to where to invest our money.

What we need is a simple strategy that doesn't force us to try to time the markets. And that's exactly what is offered by the simple time-tested techniques of asset allocation and rebalancing.

Education costs double every 6–7 years. Here's how to stay ahead.

Jesse Livermore, a trader on Wall Street, once said, "There are only two emotions in the market - hope and fear." However, the list includes doubt, suspicion, caution, confidence, fear, panic, despair, etc

In most spheres of life & especially so in the stock markets, the basic truth is that everyone will always work for their own benefits. And for an investor, this is the first lesson to be learned.

To fix a financial problem, ask who profits from it, not who suffers

Most people's risk tolerance is actually zero. You could be financially very stable and yet be completely averse to the idea of losing money. The solution is to adopt time-based asset allocation.

When a label means everything and tells you nothing

A downgrade is a warning light — not an instruction to pull over.

If you define risk as volatility, then the stock markets are indeed very risky. But if you define risk as the probability of suffering a loss over the long term, then the risk is entirely manageable.

Everyone wants to know what to do in the stock market. Do this.

Individual investor warnings are fine. But who regulates the herd?

Theories & processes play a major role in the arena of investments. But then, where do individuals & their skills or instincts figure? Do they play a major role in successful investments as well?

One wrong move with your sale proceeds could cost you lakhs — don't let that happen.

Foolishness is the lifeblood of the stock market. Instead of worrying about how well companies are doing, investors should worry about whether an adequate supply of foolishness will be maintained

The barber's advice is free, but the haircut costs you

It's not possible to predict what happens in the market in the short term. Yet, all kinds of media work hard to maintain the illusion that this is not only possible, but routine.

A war, a spike in oil, and the one asset that quietly kept working.

The story of India's market is more about participation than prediction

The only way to truly learn investing is to live through the fear and the panic