Reflecting on past market cycles, Thakkar highlighted how excessive liquidity led to irrational exuberance and hyper-competition across sectors
On May 28, 10 years ago, Parag Parikh Flexi Cap, the fund house’s flagship fund and its first scheme, opened up its doors to investors. But the fund house believes it has just got started.
"The only issue with ITC is it is best not to celebrate too soon, let us see how the business performs over a period of time...So although it's a great thing to see a stock moving up and down, but we should not celebrate too early, I would say," he further said.
Volatility can be scary especially when our financial goals are affected. Use an asset allocation strategy that helps you to sleep well at night.
Parikh said the flagship long-term equity fund scheme has an AUM of Rs 2,300 crore, and invests in both domestic and foreign equities.
The choice of cities is determined by the number of folios
Security type includes government securities and debt instruments with residual maturity less than or equal to 60 days
PPFAS Mutual Fund is sitting on cash, cash equivalents, money market, arbitrage positions which amount to about 16% of the portfolio.
Rajeev Thakkar, Chief Investment Officer, PPFAS Mutual Fund, says FMCG sector offers staples which are essentials in consumers' lives and thus the segment will lead the recovery in demonetisation-hit economy.
Private banks are one of the last sectors that still has regulatory hurdles and two thirds of the market is with public sector banks, which are undergoing asset quality issues. This makes private banks attractive over long term, said Rajeev Thakkar, CIO and Director of PPFAS Mutual Fund.
These schemes are treated as debt funds for the purpose of tax treatment, which makes them unattractive.
Index offers a very small sample comprising companies that may not be the best choices if assessed on parameters such as business fundamentals and valuations
Rating agencies are often not the best arbiters of a country‘s calibre, but their global stature means that they can often play the role of the child who shouted out that the emperor had no clothes on
India has been faced with periodic 'Credit Downgrade' threats from the various rating agencies, over the past two years or so. Different countries may have different (and often opposing) ideologies, economic systems and cultural/religious pursuits but if there is one thing which unites them all it is a ‘Credit Rating‘ downgrade
PPFAS Mutual Fund appoints Mr Ranbir Nayal, with effect from December 16, 2013
In a unique move, the sponsor of the mutual fund, promoter Parag Parikh and his senior employees have invested roughly Rs 13 crore in the fund.