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2020: A year like no other

There is a beautiful story in Mahabharata called the Yaksha Prashna. It appears in the Vana Parva, and scripts a question-answer dialogue between Yudhistira and Dharma disguised as Yakshya Baka (crane).

In one of the questions, Yaksha asks: What is the greatest mystery of life?

The greatest mystery, says Yudhisthira, is that even though death strikes every day, we continue to act and think as if we are immortal.

The story is both metaphorical as well as philosophical. It also highlights the unpredictability of life.

The year 2020 reminded us yet again, how unpredictable life can be.

This was a year when we realized that despite the huge strides mankind has made in science and technology, we continue to remain as vulnerable as ever, susceptible to death in great numbers from a single sweeping disease, in the same way mankind has suffered throughout history.
Markets, in many ways, are a reflection of life – mysterious, uncertain, and almost impossible to predict.

2020 proved that yet again. While no one had expected the steep decline in March, very few anticipated the sharp recovery that followed afterwards.

Thankfully, for the full year, the markets returned strong. Key benchmark indices gave double digit returns, with mid & small-caps returned to action after 2 years of hiatus.

Our portfolios did extremely well this year, with both long-term as well as short-term portfolios significantly outperforming all the major market benchmarks.

2021, we expect, will be eventful.

To give a heads-up, is working with smallcase Technologies to introduce ViniyogIndia smallcases. This is expected to launch tentatively in Q1 of CY2021 if everything goes well.

We expect ViniyogIndia smallcases to allow investors take greater advantage of our quantitative factor models by enabling them to invest in larger number of stocks and transact more frequently with ease, which has the potential of enhancing portfolio alpha further. Watch-out for more updates in 2021.

As we proceed to welcome the New Year, let me take this opportunity to wish all our clients, members and readers a world of success in 2021. Hope that joy and success follow you in every sector of life.

Stay safe, stay healthy – Happy New Year 2021!


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