Monank
909 posts











HCL tech is at a fresh 52 week low today and getting hit hard post earnings. A few weeks ago I spoke to Kenneth Andrade of Old Bridge Capital on why he exited IT stocks completely earlier this year. "We dont know whats happening in the tech sector. will we know in the next quarter ? maybe, maybe not. If i had to build a portfolio today , I would build it without tech names" he says. He explained that the terminal value of the IT businesses are falling and there is a lot of uncertainty in whether these businesses can continue to grow in the same way as earlier.















This was a tweet from two and half years back...back then it was difficult to convince people to invest in other asset classes especially global funds. Today we are at the other extreme where everyone is convinced about global diversification.





Know Your Fund #1: Parag Parikh Flexi Cap Fund Key highlights: 1. 5 out of 6 risk ratios are better than the category; upside capture is the exception at 82% vs 105%. 2. 3Y rolling returns beat the benchmark 98% of the time; 5Y rolling returns do so 100% of the time: a sign of good consistency. 3. Active share is 71%: not a closet indexer. 4. 10.6% international exposure: a differentiator among flexi caps. 5. Max drawdown was −17.9% vs category average −20.5%: a shallower drawdown. 6. Expense ratio is 0.62% vs category 0.74%. 7. Downside capture is 37% vs category 97%: it absorbed only about a third of market falls. Next on 'Know Your Fund' - HDFC Flexi Cap Fund. For methodology and fund selection, check the link in the comments. 🔗






BIG NEWS - Maharashtra CM Devendra Fadnavis announces a bigger stadium in Mumbai. He says- "It will be a stadium with more capacity and located in a place where the crowd can disperse in 20 minutes and match can be viewed very well from any place on the stands. But no matter how big the new stadium is, it can never match the stature of Wankhede Stadium, where cricket will always be celebrated. All of us want the final match of any tournament to be in Mumbai. We will have a bigger stadium, but Wankhede is iconic and we will always celebrate cricket at this stadium."




