Wide outside the off stump and beautifully driven through the covers for a boundary!
Although so much one day cricket is being played around the year and almost in every match some batsman creates a big score, but we still remember few innings where the batsman has scored a prolific hundred and left a mark on the game. It is time to recall your most memorable one day cricket innings by a batsman.
We picked up 10 such innings and here are the statistics for those innings.
If we look closely, the innings can be dissected in to two parts, one part of the innings is the runs scored with 4s and 6s and the rest is the second part. Typically, the batsman scores more than a run a ball but every ball does not have the same outcome. There are dot balls, balls where singles or twos are earned and there are few balls which are high scoring one and these balls make all the difference in the final score. The longer the batsman stays at the crease and higher are the chances of getting those high scoring balls to take advantage.
A SIP works in a similar fashion, the investor spends time in the market and if we calculate the CAGR of every instalment, we will discover a similar trend. There are few instalments on which the CAGR generated are higher than the rest and those instalments make a huge impact in the final outcome.
Generally-speaking, in cricket — balls which have lower level of difficulty like a full toss or wide outside off stump produce maximum runs similarly SIP instalments which are buying units in falling markets earn the maximum CAGR.
Back testing of 20 years SIP in Nifty shows that the instalments which earn the higher CAGR are the ones which were done when the Nifty was falling and vice versa.
The SIP instalment which went through when markets are down have the highest probability, possibility and plausibility to earn the highest CAGR in the entire SIP journey.
If you have cheered those high scoring shots in the memorable innings that you have witnessed, feel the same for the incremental SIP instalment hitting the markets when its falling.
You may have just hit the ball out of the park. The only difference with cricket is that how much you scored on this shot will not be known immediately but after few years.
“There are three ingredients for success — aggressiveness, timing and skill — and if you have enough aggressiveness at the right time, you don’t need that much skill.”
Article by:
Amit Basu — Amit is CEO, Symphonia (a Sapient group company focused on B2B space of mutual fund distribution) and plays an important role in strategy, products, sales & marketing, and training for Sapient Group. He has over 25 years of work experience in the banking and financial services industry. His leisure involvements are poetry and chess.
