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Mr. Parag Parikh & "Parag Parikh Long Term Equity Fund"
Not a recommendation to buy this fund.
Disc: Invested
Thread
Not a recommendation to buy this fund.
Disc: Invested
Thread
2/ Background:
In 1979, Mr Parag Parikh started his sub broking business.
Post 1991 economic reforms his business flourished in the following years
In 2013 he give it up his broking & wealth management businesses to start an asset management company to offer MFs..
In 1979, Mr Parag Parikh started his sub broking business. Post 1991 economic reforms his business flourished in the following yearsIn 2013 he give it up his broking & wealth management businesses to start an asset management company to offer MFs..
3/ Tragedy:
In 2015, Mr Parikh died in a car crash in USA. He was at Omaha to attend Warren Buffet's talk as part of Barkshire's AGM
In 2015, Mr Parikh died in a car crash in USA. He was at Omaha to attend Warren Buffet's talk as part of Barkshire's AGM
4/ Mr Parikh's Philosophy &Principles:
He always desired to make money for the middle class
Competitors were asking for min investment of 25L to 1 Cr, his ticket size was 5L so that emerging middle class afford
Industry focus was gathering asset, he was good with less
He always desired to make money for the middle classCompetitors were asking for min investment of 25L to 1 Cr, his ticket size was 5L so that emerging middle class affordIndustry focus was gathering asset, he was good with less
5/
He always looked for an opportunity to enable middle class to invest into the stock market
Believed in FMCG & Defensive Sectors, which gives LT returns
He did not participate in 1999 dotcom boom
Against the idea of day trading & derivatives
He always looked for an opportunity to enable middle class to invest into the stock marketBelieved in FMCG & Defensive Sectors, which gives LT returnsHe did not participate in 1999 dotcom boomAgainst the idea of day trading & derivatives
6/
Any new investment ideas he first tried on his personal money than investors
He always used to say, Insurance is for protection not investment
This is Late Mr. Parag Parikh
Any new investment ideas he first tried on his personal money than investorsHe always used to say, Insurance is for protection not investmentThis is Late Mr. Parag Parikh
7/ Parag Parikh Long Term Equity Fund ~ a darling fund for most of the retailers with mere 3,500 cr AMC
This multicap fund was launched in the year 2013 with a very interesting allocations:
Largecap, Midcap, Smallcap & US Listed Stocks.
This multicap fund was launched in the year 2013 with a very interesting allocations:
Largecap, Midcap, Smallcap & US Listed Stocks.
8/ Their current allocations in these are:
Largecap: 38%
Midcap: 16%
Smallcap: 11%
US Stocks: 29%
Cash: 6%
This fund performed better than the sector & NIFTY.
Largecap: 38%
Midcap: 16%
Smallcap: 11%
US Stocks: 29%
Cash: 6%
This fund performed better than the sector & NIFTY.
9/ Since launch this fund has delivered CAGR of 17.65%, is not amazing?
Read more about this fund ~ a detailed thread by @BaluGorade https://twitter.com/BaluGorade/status/1298251644526764040?s=20
Read more about this fund ~ a detailed thread by @BaluGorade https://twitter.com/BaluGorade/status/1298251644526764040?s=20
10/ I found this interesting on their portal:"We Are Different"
$ We do not aim to please everyone
$ We do not have a 'Sales Team'
$ We see ourselves as asset managers not gatherers
$ We have a stake in our scheme's success
$ We will not accept money when valuations r exorbitant
$ We do not aim to please everyone
$ We do not have a 'Sales Team'
$ We see ourselves as asset managers not gatherers
$ We have a stake in our scheme's success
$ We will not accept money when valuations r exorbitant
11/ an old tweet from @Vivek_Investor on 'Investment Lessons' by Mr. Parag Parikh.
"you may like a stock, but if the market dosent, then you may have to wait for longer for returns"
ITC?
https://twitter.com/Vivek_Investor/status/1102963105590640641?s=20
"you may like a stock, but if the market dosent, then you may have to wait for longer for returns"
ITC?
https://twitter.com/Vivek_Investor/status/1102963105590640641?s=20
