There is a beautiful story in Mahabharata known as 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?
Yudhisthira answers: The greatest mystery of life is that, even though death strikes every day, we continue to act and think as if we are immortal.
The story is a metaphor, depicting the superiority of wisdom over other human attributes such as strength and beauty. It also highlights the unpredictability of life, among other things.
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 are in many ways a reflection of life – mysterious, uncertain, and almost impossible to predict.
2020 proved that yet again. While no one had anticipated the steep decline in March, very few expected 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 returning 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, ViniyogIndia.com 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 will allow investors to 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.
Smallcases also have the potential to improve customer experience and simplify compliance requirements. Please watch-out for more updates on this space 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!