To adjust or not to adjust the benchmark

Alpha is the excess return a portfolio generates over an “appropriate” benchmark. An “appropriate” benchmark means a fund’s alpha will be useful for evaluation only if it holds stocks from the chosen benchmark. Regulation allows large-cap funds to invest not more than 20% in stocks outside of the benchmark. So, comparison of a large-cap fund’s…

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Silver futures drop ₹4,232 to ₹2.55 lakh/kg on weak demand, strong dollar

Analysts said silver prices remained under pressure as weak retail demand in the domestic market coincided with macroeconomic headwinds in global markets. | Photo Credit: MicroStockHub Silver futures plunged by ₹4,232 to ₹2.55 lakh per kilogram in the futures trade on Monday, as weak domestic demand and a strong US dollar weighed on investors’ sentiment….

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