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PPFAS agm2022
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#onefund #ppfas
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#onefund #ppfas
Neil, talks about value of cash and how fund is absolutely fine holding cash. Had 28% cash almost in 2018.
The returns would be lumpy. Minimum 5 years if not more
Underperformance is guaranteed in short term, so is volatility.
Over long term, the returns are satisfactory
The returns would be lumpy. Minimum 5 years if not more
Underperformance is guaranteed in short term, so is volatility.
Over long term, the returns are satisfactory
Do you have a process or plan to invest. The fund prefers to follow their own plan. Circle of competence about 500 stocks.
Can't Chase / pick up all opportunity.
I recall, last few years their were question on some Spanish companies like Zara or Chinese companies.
Can't Chase / pick up all opportunity.
I recall, last few years their were question on some Spanish companies like Zara or Chinese companies.
Here's another write-up this weekend as we tried to understand what makes Parag Parikh flexicap different from other funds. It covers brief history, the right way to look at returns, risk measurement, and fund's management.
A thread 🧵🧵🧵
#ppfas
may27capital.substack.com/p/choosing-a-m…
A thread 🧵🧵🧵
#ppfas
may27capital.substack.com/p/choosing-a-m…
Mutual funds pool money from various investors and invest in stocks, bonds, or other securities. The main objective of these funds is to help investors build wealth over a period of time.
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The Indian mutual fund industry has 44 AMCs in total offering a plethora of schemes and catering to all types of investor needs. However, choosing the right scheme based on the investors’ needs can be challenging, since there are too many options available in the market.
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When will PPFAS will launch a new scheme?
Only if, PPFAS is excited about putting their own money & can add value to investors
Right now, there is no plan to cut any more expense ratio.
#PPFAS
#NewFundoffer? nops
Only if, PPFAS is excited about putting their own money & can add value to investors
Right now, there is no plan to cut any more expense ratio.
#PPFAS
#NewFundoffer? nops
PPFAS NAV 13 Feb: 29.29 (Sensex/~42k)
PPFAS NAV 24th March: 20.15 (Sensex/25k)
PPFAS NAV 3rd July: 28.70 (Sensex/ 35k)
42% from bottom. While most has been saying it's because of Nasdaq, the game changer has been 13% odd cash and bets they took
#ppfas #assetallocation
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PPFAS NAV 24th March: 20.15 (Sensex/25k)
PPFAS NAV 3rd July: 28.70 (Sensex/ 35k)
42% from bottom. While most has been saying it's because of Nasdaq, the game changer has been 13% odd cash and bets they took
#ppfas #assetallocation
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They had around 12-13% cash. While Sensex is still 17% down from ath and Nasdaq at last ath, let's see how the cash helped
1./ ITC, took 5% punt
2./ They loaded on MCX, CSDL, averaged more on axis
3./ Moved out of nestle and picked Microsoft of almost same value
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1./ ITC, took 5% punt
2./ They loaded on MCX, CSDL, averaged more on axis
3./ Moved out of nestle and picked Microsoft of almost same value
2/n
They also moved a 4% position in AMZN and further 2% in FB once it crashed to 160 odd. Didn't add a share in Google.They also took a quick trade in HDFC though can't figure out what for but it must have been bought pretty low and then made a good trade given HDFC was 10%
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