Live In Person Q&A With Sonam: PMS Investor Meetup 2024 | Wright Research

[@dottie1708]

like genuine, simple and direct answers by Sonam, not pretending to be all know genius. all the best🎉

[@raspreetsingh7409]

Very interesting discussion !

[@ChaudharyAnkit1602]

I have one genuine question. Are you a trader or an investor? Since big money is made when we buy stocks as a part of a business and not just as a price ticker. And not to forget the huge ltcg/stcg for so much churn.

[@WrightResearchHQ]

We are a quant investment management fund that primarily does strategic investing via tactical allocation in the Indian stock markets. Our churn is monitored and our PMS has significantly outperformed the benchmark even after factoring in the recent capital gains tax changes.

[@ChaudharyAnkit1602]

@@WrightResearchHQ hope the run continues.

[@Ghanshyam-m7r]

Interesting Questions were put forward , nice to see such things . But I had a question regarding the fall of international market like the us stock market is falling daily can we make positions in US markets for diversification now or should wait for sideways movement ?

[@WrightResearchHQ]

Definitely an interesting question. International Markets will remain shaky till there is clarity on inflation, US recession & interest rate changes. International diversification is a good idea for any portfolio, but do look at how the US markets will behave in the next few months to few quarters.

[@nallapaneniram766]

Still the question remains open. Why the PMS Alpha fund(concentrated 10 stocks momentum portfolio) is underperforming when compared to PMS Factor fund(it is incorporated with all the factors not just momentum). May be it's time to revisit the strategy of Alpha?

[@WrightResearchHQ]

The Alpha fund by definition is a high risk, high reward strategy. The concentration lends itself to high returns when the markets are trending (given that it is primarily focused on the momentum factor) and lagging when the markets are sideways/ volatile. Whereas, factor fund is a diversified basket of stocks that are selected using multiple factors. Hence it will do well across market cycles. However, Alpha will be expected to outperform factor when markets improve. Hope that clarifies the difference in performance.

[@Rags1982]

❤❤❤❤❤

[@WrightResearchHQ]

Thanks!

[@rounak308]

Ye kaha pe hua...konsa location

[@WrightResearchHQ]

It was in BKC in Mumbai

[@dacooldevil]

Please schedule one live session in Delhi...

[@mukulmukherjee2319]

You are not focusing on your momentum model. 30% of this small case never works. Please look into it. I am associated since last one year