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Sanjay Kumar Elangovan

Feb 4 • 12 tweets • 11 min read

@rohitkrishnan

We now have @rohitkrishnan to talk about - Is the time right to unearth hidden gems?

PE style due diligence!

#VoicesofTomorrow #VOT2023 #ithoughtVOT

https://twitter.com/sanjaylangval/status/1621716943798673408

Rohit has 10 years of experience in public markets. He has previously worked with McKinsey & Co, Elevation Capital (previously SAIF Partners) a sector and stage agnostic fund, RARE Enterprises – Mr. Rakesh Jhunjhunwala’s family office.
#VoicesofTomorrow #VOT2023 #ithoughtVOT

Some of the big winners over the last 10 years - stocks have gone more than 10x and some have gone 50x. All were below 1000 Crores. These are very well run, companies having some sort of market leadership in their niche. We were also lucky to have participated in a few of them.

Private Equity style extensive due diligence:

#VoicesofTomorrow #VOT2023 #ithoughtVOT

Vrddhi investment philosophy in action:

#VoicesofTomorrow #VOT2023 #ithoughtVOT

@ithoughtpms

At @ithoughtpms we don't have model portfolios!

#VoicesofTomorrow #VOT2023 #ithoughtVOT

Resilient portfolios!

Vriddhi falls less than the market:

#VoicesofTomorrow #VOT2023 #ithoughtVOT

Vrddhi Case Study - TD Power Systems:

No returns for 2 years
Negative returns during Covid
But we held on.

TDPS went from Single product/geography to multi product /geography in the 5 years. We increased weight to 10%. Market has rewarded us.

#VoicesofTomorrow #ithoughtVOT

Is the time ripe to unearth hidden gems?

We are very close to investing zone with a view of 3 - 5 years. Small cap is down 18% from peak.

#VoicesofTomorrow #VOT2023 #ithoughtVOT

"MULTIBAGGER" Google Search vs Nifty Smallcap 100!

Interesting chart and probably an indicator?

#VoicesofTomorrow #VOT2023 #ithoughtVOT

Best outlook for India manufacturing since Independence and how that will trickle down to smaller companies:

#VoicesofTomorrow #VOT2023 #ithoughtVOT

@rohitkrishnan

Final thoughts from Vrddhi and @rohitkrishnan :

#VoicesofTomorrow #VOT2023 #ithoughtVOT

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More from @sanjaylangval

Sanjay Kumar Elangovan

@sanjaylangval

Feb 4

@balajispice

We now have @balajispice to talk about the Art and Science of Investing - the Solitaire way!

#VoicesofTomorrow #VOT2023 #ithoughtVOT

https://twitter.com/sanjaylangval/status/1621716943798673408

Mr G R Balaji is a passionate equity investor with over 17 years of experience in the Financial markets. He has worked with Fidelity, Reliance and IIFL Wealth across various functions in Asset Management and Wealth Management. He is also a regular columnist at The Hindu.

GREAT INVESTMENT =
STRONG FUNDAMENTALS + ATTRACTIVE VALUATIONS

#VoicesofTomorrow #VOT2023 #ithoughtVOT

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Sanjay Kumar Elangovan

@sanjaylangval

Feb 4

@theninjax

We are back now. @theninjax will talk about multi asset investing.

#VoicesofTomorrow #VOT2023 #ithoughtVOT

https://twitter.com/sanjaylangval/status/1621716943798673408

Mr Niranjan Sridhar has over 17 years of experience in the Financial markets with over 12 years at ithought. He has an avid interest for financial markets and has been following the equity markets since his school days. He is a certified FRM (Financial Risk Manager).

Market cycles

Winners can quickly become losers. And the vice versa.
Government Securities were at the top in 2016 and the bottom in 2017.
Gold rose from the bottom of the pile in 2021 to be the leader in 2022.

#VoicesofTomorrow #VOT2023 #ithoughtVOT

Read 8 tweets

Sanjay Kumar Elangovan

@sanjaylangval

Feb 4

@hdfcmf

Anupam Joshi of @hdfcmf is now live! He will be talking about the Indian Fixed Income opportunity.

Anupam has over 2 decades of experience in Fund Management and Research. He holds a PGDM in Finance. He has been part of HDFC AMC for the last 7 years.
#VOT2023 #ithoughtVOT

https://twitter.com/sanjaylangval/status/1621716943798673408

Yields have risen substantially across the tenors.
With rate hikes of 225 bps during 2022, large part of curve flattening has already happened. Now entire yield curve remains above RBI CPI inflation target range

#VoicesofTomorrow #VOT2023 #ithoughtVOT

Interest rate outlook and the key drivers for future:

With global monetary policy cycle nearing peak, yields likely to trade in a range with a downward bias. It is a good time to start locking in yields!

#VoicesofTomorrow #VOT2023 #ithoughtVOT

Read 7 tweets

Sanjay Kumar Elangovan

@sanjaylangval

Feb 4

@Ihabdalwai

Next is Mr Ihab Dalwai (@Ihabdalwai). He is the lead Fund Manager for ICICI Prudential Large & Midcap Fund and ICICI Prudential Infrastructure Fund. He is the youngest in history of @ICICIPruMF to be given the additional responsibility of Fund Management along with Research role.

https://twitter.com/sanjaylangval/status/1621716943798673408

Themes that are shaping India:

As income level rises, few sectors will see non linear growth.

Number of Indian households with income of more than $10000 is expected to more than double this decade!

#VoicesofTomorrow #VOT2023 #ithoughtVOT

Read 7 tweets

Sanjay Kumar Elangovan

@sanjaylangval

Feb 4

@KalpenParekh

Up next @KalpenParekh on International Investing and #Budget2023!

Mr Kalpen has over 2 decades of experience in Asset Management. He is passionate about behavioural finance and believes that investor behaviour is one of the most crucial aspects to a good investment experience.

https://twitter.com/sanjaylangval/status/1621716943798673408

He starts with a question - "If you were an alien from Mars, how would you invest on earth?"

1) Largest companies of the world?
2) Most profitable companies?
3) Multiple countries?

Or will you invest all your money only in India? India is a nano market in the world market size.

Read 10 tweets