Wednesday, August 13, 2008

Why can't we have a Short-Only Fund in India?

Asks Deepak Shenoy, CEO, Moneyoga:

Excerpts: So I'm going to start a Short Only Strategy - I'll call it S.O.S. (Short Only Strategy) since this is not a real fund.

Deepak Shenoy's Fundas:

  • Short stocks, long puts or short calls.
  • It will only involve indices or stocks that have futures on them
  • The nominal amount will be Rs. 50 lakhs. It's funny money.
  • The closing price of the future will be taken. Nothing intraday.
  • I will put this stuff in a shared document that we can all see and learn.

Read the full post and disclaimers!

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