Do they really matter?
I don’t think so
One of my MF schemes portfolio, the schemes star rating on VR & my CAGR on the same
Yes…the star ratings change but that can never be the basis for investing today
The star ratings keep changing every quarter I suppose ….
Quantitative Analysis is the Objective Past
Qualitative Analysis is the Subjective Future
Note: My investment timeframes are different in each of the schemes
Not everything is invested on a single day or from a point to point
By the way….the most consistent returns over a long timeframe have come in from the (latest) 2 star rated schemes 😁
and…..in this portfolio –
I hold the least 4 & 5 star rated schemes from VR 😂
But my CAGR still shows up as about 17% (as of yesterday’s close – and after a market fall of close to 7%) 😌
Should we believe in the Stars?
Yes ‘& or’ No
And I continue to say what I always say…….
Everyone has a View but none has a Clue (for sure on the future & many a times on the past)
Stars or No stars