Reports

Original research on fund-manager skill

We decompose Indian fund managers' returns into skill, luck, market, style and sector — and publish what we find. Data-led, method in the open.

The Skill Report: How Much of Indian Fund Returns Is Actually Skill?

Every "best funds" list ranks by past returns. But a return is mostly the market rising, plus a few cheap, well-known style and sector tilts. Strip those away and you're left with

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