Mr. Parag Parikh & "Parag Parikh Long Term Equity Fund"
Not a recommendation to buy this fund.
Disc: Invested
Threadhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">

2/ Background:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⏳" title="Sanduhr mit fließendem Sand" aria-label="Emoji: Sanduhr mit fließendem Sand">In 1979, Mr Parag Parikh started his sub broking business.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⏳" title="Sanduhr mit fließendem Sand" aria-label="Emoji: Sanduhr mit fließendem Sand">Post 1991 economic reforms his business flourished in the following years
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⏳" title="Sanduhr mit fließendem Sand" aria-label="Emoji: Sanduhr mit fließendem Sand">In 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& #39;s talk as part of Barkshire& #39;s AGM

4/ Mr Parikh& #39;s Philosophy &Principles:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">He always desired to make money for the middle class
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Competitors were asking for min investment of 25L to 1 Cr, his ticket size was 5L so that emerging middle class afford
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Industry focus was gathering asset, he was good with less

5/
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">He always looked for an opportunity to enable middle class to invest into the stock market
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Believed in FMCG & Defensive Sectors, which gives LT returns
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">He did not participate in 1999 dotcom boom
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Against the idea of day trading & derivatives

6/
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">Any new investment ideas he first tried on his personal money than investors
https://abs.twimg.com/emoji/v2/... draggable="false" alt="📌" title="Reißzwecke" aria-label="Emoji: Reißzwecke">He always used to say, Insurance is for protection not investment
This is Late Mr. Parag Parikh https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">

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.

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.

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">https://twitter.com/BaluGorad...

10/ I found this interesting on their portal:"We Are Different"
$ We do not aim to please everyone
$ We do not have a & #39;Sales Team& #39;
$ We see ourselves as asset managers not gatherers
$ We have a stake in our scheme& #39;s success
$ We will not accept money when valuations r exorbitant

11/ an old tweet from @Vivek_Investor on & #39;Investment Lessons& #39; 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://abs.twimg.com/emoji/v2/... draggable="false" alt="🙂" title="Leicht lächelndes Gesicht" aria-label="Emoji: Leicht lächelndes Gesicht">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🙂" title="Leicht lächelndes Gesicht" aria-label="Emoji: Leicht lächelndes Gesicht"> https://twitter.com/Vivek_Investor/status/1102963105590640641?s=20">https://twitter.com/Vivek_Inv...