Heroes keep bios, not me. Views are mine. Reposts & likes are not endorsements.
Jun 14, 2023 • 10 tweets • 3 min read
T1
This fund s long term story is good
I want to show you the difficult phase
Soon after launch, came the crash of 2008. An investment done in 2007 earned nothing for 5 years 7 months
I like to show phases of no returns so we come with open eyes
T2
In the same period, SIP investor earned 8% pa
Because he added more units during the first phase of nav fall (very few would have stayed put in those days)
By 2013 the market/ small cap cos & the fund would have frustrated most of us thus creating base of under valuations
Apr 20, 2023 • 8 tweets • 3 min read
What happens when two opposite asset classes mix
On a 5 year rolling investment, since last 23 years
Nifty has earned less than 0% : 1% of times
Gold : 8% of times
Mix of gold & nifty : 0% times
For same tenor
Returns > 12%
Nifty : 49% of times
Gold : 51% of times
Mix of both : 57% of times
Dec 4, 2022 • 12 tweets • 4 min read
Opposite of Good doesn’t have to be Bad
Apr 3, 2020 • 7 tweets • 4 min read
Thread on returns between large caps / mid or small caps
T1
2002 to 2007 : nifty up 7 times / nifty next 11 times / small cap index was up 14 times
PE multiplied from less than 10 to 27 for Nifty Next (appx proxy for mid caps)
T2 : After such a big upmove (all rosy headlines) - what happened in next phase (2008 - 2013)
Nifty stays flat and Small caps fall ~ 65%
Midcap PE drops from 28 to 12x
Small caps are bad
T2 : After such a big upmove (all rosy headlines) - what happened in next phase (2008 - 2013)
