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When, where and why to
Invest?
Central Ideas in Portfolio
Management
INEFFICIENCIES IN CAPITAL
MARKETS
Choices among
risky prospects exhibit several pervasive effects that are
inconsistent with the basic tenets of utility theory. In particular,
people underweight outcomes that are merely probable in comparison
with outcomes that are obtained with certainty. This tendency,
called the certainty effect, contributes to risk aversion in choices
involving sure gains and to risk seeking in choices involving sure
losses. In addition, people generally discard components that are
shared by all prospects under consideration. This tendency, called
the isolation effect, leads to inconsistent preferences when the
same choice is presented in different forms.
- DANIEL
KAHNEMAN AND AMOS TVERSKY
More... |
RETURNS AND RANKINGS AS ON 01ST DAY OF MAY,
2004
| Scheme |
1
Month |
3
Month |
1
Year |
| Escorts Income
Plan |
0.51%(24) |
2.10%(5) |
9.11%(2) |
| Escorts Balanced
Fund |
1.86%(27) |
-2.53%(35) |
73.39%(12) |
| Escorts Gilt
Plan |
0.53%(35) |
2.45%(21) |
6.51%(27) |
| Escorts Tax
Plan |
3.54%(14) |
2.72%(14) |
111.86%(14) |
| Escorts Growth
Plan |
1.75%(83) |
-2.06%(79) |
85.96%(69) | Source:
www.valueresearchonline.com
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