Hedge Funds v/s Mutual Funds

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Recent efforts by the Indian government to weed out black money from the economy and increase the tax base have called for a paradigm shift in the way people in India choose to save their money. The pumping out of cash from the economy has brought the citizen to a point where he is considering alternative investment options to save his money. This has led to an increase in the number of people who are now investing in the securities and derivative market. With a boom in the stock market over the past year, people are now more inclined to invest in securities, while carefully trying to avoid losses. It is the success of these markets that Long term capital gain tax found its way into the Budget announcement in February this year.


What are Hedge Funds and Mutual Funds?
Hedge funds and Mutual Funds are investment funds made by the fund management companies. The aim of these is to generate profits by investing in more than single entity i.e. through a diversified portfolio.

How do they work?
Investment from different parties gets pooled into a single portfolio. Both (Hedge Funds and Mutual Funds) of these play the stock, invest in land, real estate, currencies and derivatives in order to have high capital gains. They decide upon different investment options with the will of maximising the profits and create a single portfolio out of it.

What are the differences between Hedge Funds and Mutual Funds?
ELIGIBILITY
Hedge Funds are regulated by SEBI and are registered under SEBI, Alternative Investment Funds Regulation 2012. A Hedge Fund should have a minimum corpus of Rs. 20 Crores and minimum investment of Rs 1 Crore by each investor or member of the fund.
Whereas, Mutual Funds are regulated under Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. A firm interested in opening Mutual Funds must register as trusts under the Indian Trusts Act, 1882 and set up a separate Asset Management Company, with the net worth of the parent company / AMC be amounting to at-least Rs 5 Crores.

AUTONOMY
Hedge Funds may at times be only available to a list of high profiled businesses and individuals. They are entrusted with total autonomy and are are allowed to take key decisions at all times. This luxury is not available to the Mutual Fund investors. Owing to the low budget nature of their clients, they are required to be more cautious.

LIQUIDITY
When it comes to liquidity, hedge funds are somewhat stricter. One cannot withdraw their shares whenever they want to. There is a lockup period, during which one cannot withdraw their stake. In the case of mutual funds, one can withdraw their funds whenever they want to.


In the light of recent developments in the Indian securities ecosystem, hedge funds and mutual funds serve as lucrative investment options for corporates and public alike.

 

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Step by step Kaggle competition tutorial

A clean and concise guide to Data Science.

Datanice

Kaggle is a Data Science community where thousands of Data Scientists compete to solve complex data problems.

In this article we are going to see how to go through a Kaggle competition step by step.

The contest explored here is the San Francisco Crime Classification contest. The goal is to classify a crime occurrence knowing the time and place it happened.

Screenshot from 2016-04-10 10:06:15.png

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Standard Template Library : An Introduction

What is the Standard Template Library(STL) ?
The Standard Template Library (STL) is a software library for the C++ programming language. It provides four components called containers, iterators, algorithms and functional. STL library lies in the std namespace.

Why do we need to use the STL?
1. There is no use in inventing a wheel that has been in presence for decades.
2. STL in C++ provides humongous number of ready-made common classes, such as containers that can be used in any built and user defined type, that supports elementary operations like (such as copying and assignment).
*You should know how to write these data structures yourself. This knowledge will help you choose the best STL data structure required for your need.

Containers :
Containers are objects that store data. Inbuilt implementations of various abstract data types are available in STL.

The container manages the storage space that is allocated for its elements and provides member functions to access them, either directly or through iterators (objects with similar properties to pointers).

Most containers have at least several member functions in common, and share functionalities. Which container is the best for the particular application depends not only on the offered functionality, but also on its efficiency for different workloads.

Header file :- In most of the cases, header files of the container have their name of the of form, <containerName>. For instance the header files of vector, stack, deque are <vector>, <stack>, <deque> respectively.

Iterators :
An iterator is any object that, pointing to some element in a range of elements (such as an array or a container), has the ability to iterate through the elements of that range using a set of operators (with at least the increment (++) and dereference (*) operators).

Header file :- <iterator>
There are 5 types of iterators :-
InputIterator 
OutputIterator
ForwardIterator
BidirectionalIterator
RandomIterator.

Algorithms :
The algorithms library defines functions for a variety of purposes (e.g. searching, sorting, counting, manipulating) that operate on ranges of elements. Note that a range is defined as [first, last) where last refers to the element past the last element to inspect or modify. The exhaustive list of functions available in algorithm can be read from cplusplus reference.

Header file :- <algorithm>

Functional :
Functional provides a set of predefined class templates for function objects, including operations for arithmetic, comparisons, and logic.

Header file :- <functional>

So now that you are aware of the basic STL terminology in the coming posts we will go through the features of the most commonly used containers one by one. Don’t forget to subscribe, love, code and discuss. 🙂

Numbers and recipes at Codenmath.com

A much awaited day, a long lost dream, finally comes to life with codenmath.com, a wish I had for 9 years now; has awaken only to become a reality. At last a place where I can share all my knowledge, of whatever I have. A belly that has been so full of words will finally get some peace.

I would be sharing my views on numbers, scripts, programs, movies and maybe eh humans! To start of, my favorite number is 28, the only number known to mankind that can be represented as a sum of first few prime numbers(2,3,5,7,11), first few composite numbers(4,6,8,10) and as the sum of its own proper factors(1,2,4,7,14). Fascinating.

Behold! fasten your seat-belts for the ride that is about to come! Also let us know your favorite number. 🙂