After the first month, Anindya asked me to work on another project related to value factors, but with a different motive which was to assign weight to equity and debt portion in a balanced fund. This project generated much better results than the previous, and the model would consistently beat its benchmark. Aadithya, the fellow intern, had been of tremendous help during this phase and helped me understand many analytics related concepts and neural network. The internship was truly an experience wherein I learnt how important role peer-to-peer learning plays in any organisation. Continual use of tools like R was required for this project and in short, it was a great learning practice. I made many iterations/additions/deletions of numerous values and momentum factors to achieve the optimum formulae, and finally, it yielded great results.
One always tends to compare his/her first school with the next and likewise his/her first job with the next. The best part of this internship as compared to my earlier one, at one of the Big 4 accounting firms, was me never having to work on weekends (big plus), getting time to learn numerous things before implementing them, getting an opportunity to read new books and research papers, creating my own statistical models and receiving appreciation for the work I did.
On the last day of my internship when my boss took me out for lunch, I was an elated and a happy chap, satisfied with my two months experience at Union Asset Management Company Private Limited.
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