Wrong 28% of the time, by its own reckoning

How can a fund sit at the top of its category for the year and near the bottom for the month? That question runs through the first episode of Alpha Managers, Value Research's new series of unscripted conversations with India's leading fund managers, no tips, no product pitches, just how they think and where they have been wrong. 

Dhirendra Kumar sits down with Sandeep Tandon, Founder and CIO of Quant Mutual Fund. Tandon walks through the VLRT framework, his blend of valuation, liquidity, risk appetite and time behind the fund's calls, and then to the part that unsettles investors: why Quant's short-term and long-term rankings look so different, and what that gap means if you are weighing the fund up today. Tandon also makes his case for running money actively, with high turnover, well away from the index, explains SIF and long-short funds in plain terms, and is candid about how often he is wrong and who should stay away from a fund run this way.