Parag Parikh Flexi Cap is the most popular fund today.
We interviewed its CIO, Rajeev Thakkar.
He shared his views on:
- Where would he invest for long term
- How to spot business trends early
- How to be a better investor
- India’s growth story
- Fav books
..& much more.🧵
1. WHERE WOULD HE INVEST FOR HIS GRANDCHILDREN?
He surprised us with the answer.
He would prefer a diversified scheme or an index fund for such a long-term investment.
Reason? Businesses that look great today may not be relevant in 5 years.
Thakkar of ..@PPFAS has been managing money for 22 years.
He still holds stocks that were bought at the start of his career.
However, things have started to change now.
Today, he ends up selling a lot of stocks in two to three years due to the fast-changing world.
Elon Musk doesn’t take a salary. He doesn’t sell stock when he needs cash.
He borrows against his assets to let his wealth compound.
This isn’t just a billionaire playbook.
Even retail investors can do something similar with mutual funds. A 🧵
People often look to redeem their mutual fund investments when they need money for emergencies, big-ticket purchases, or to settle short-term liabilities.
But this could be one of the costliest financial decisions you’ll ever make.
Why? 👇
Every time you sell, you’re not just withdrawing money.