Hope Floats

Yet another quarter of divergence

The quarter under review has been singularly challenging for us. While benchmark BSE 500 rose 3.3%, our fund NAV declined 0.1%. An aberration we opine, but will get to that analysis later. Most of the underperformance was in the second half of the period under review i.e. since early Nov, as NAV slipped almost 2% from peak levels.

Hope Floats – December 2019