Currently, actually I am happy to be underperforming which sounds like a strange thing to say.
By: Value Research
But it's like - why are we investing? We are investing to meet our financials goals. On an absolute basis, the 38% return is like mind boggling.
It’s amazingly good. At a time when valuations are strechted, at a time when, arguably, some froth is there in the market, you would want to go slow, you would want to be cautious This is not the time to hit for the fences.
This is not a post-Covid situation where you want to be invested to the last rupee that you have in your bank account.
Keeping some amount of cash for opportunities, being a bit conservative in terms of the stock selection, being mindful of the valuation that you pay.
The portfolios does not keep pace with the index or with the other peer groups. So be it What we are trying to do is do well across the cycles. Not lose money for clients, which is what we’re able to do.