Published: 21st Nov 2024
By: Value Research
Lessons from Rajeev Thakkar's letter to unitholders
As CIO and Director of PPFAS Mutual Fund, Thakkar manages one of India's largest actively-managed portfolios—the Rs 82,000-crore Parag Parikh Flexi Cap Fund. When markets turn choppy, his time-tested wisdom becomes even more valuable. Swipe for the lessons.
Since 2019, Nifty has given positive returns every year. But don't be fooled–stocks can have long periods of underwhelming returns. "Put only that money into equities that you won't need for at least 5 years."
Young investors are rushing into F&O trading and IPO flipping. "Serious amounts of money have been lost in these activities," warns Thakkar. Stick to your defined asset allocation and financial plan instead.
Look at history: "Almost all the airlines of the '90s went bankrupt, and barring one, none of the telecom companies made money for investors." Graham was right: Obvious prospects for growth do not translate into obvious profits for investors.
There's more to Thakkar's market insights—from return expectations to smart cash management. Read his complete letter analysis by clicking the link below:
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