Shreyans

@hdfcsec They think they are doing as a favour by sharing P/L, capital gains statements & all! Compliance team has no clue, even seniors are not understanding or closing complaints without any resolution! The culture setting in is deeply concerning! @HDFC_Bank

@hdfcsec You had replied this to me!

@hdfcsec What a joke this company is! Compliance officer closing complaints stating it’s not under us, suddenly sharing ! Pathetic service, pathetic tech team!

@suru27 I have complained so many times about it, even had a call with their tech team, they are absolutely clueless, rude & arrogant! Don’t expect any improvements @hdfcsec

You have one look at HDFC direct new interface and you know, something is terribly wrong. Do not know if they are penny wise pound foolish to hire right talent or something wrong with org tech capabilities at leadership or other levels

@lalitinvestor @RajeevThakkar Met him before a year or so, such a humble person !

Had the pleasure of meeting @RajeevThakkar ji yesterday over coffee at the PPFAS office, Mumbai. The “Omaha of Indian MF” for a reason… Rajeev ji remains one of the finest practitioners of long term value investing in India today. Calm thinking, disciplined capital allocation and intellectual honesty rarely go out of style. Personally learned a lot from his investing philosophy and market perspectives over the decade. Wonderful conversation and an even better human being.

@lalitinvestor partly right! i have seen so many portfolios where mfd simply sells new funds everytime, seen lots of mf portfolios with 10-15 funds

A fixed fee financial planner and a good MFD are not necessarily substitutes. In many cases they solve different parts of the same problem. A planner may create the roadmap. An MFD often ensures the roadmap actually gets executed and sustained through market cycles. The biggest value an MFD adds today is not simply “which fund to buy”. That information is available everywhere. The real value lies in: * behavioural management during crashes * asset allocation discipline * continuity of investing * execution support * handholding first generation investors * preventing emotional decisions during volatility * creating long term investing habits across families India is still in the early stages of financialisation (we have come a long way already). A large percentage of investors entering mutual funds today are first time market participants. Most investors do not fail because of lack of products. They fail because they panic midway through the journey. A good MFD acts as the bridge between market volatility and investor behaviour. Also one important thing people are missing - the industry itself is evolving rapidly Suraj @sc241145 The new generation of MFDs are no longer operating like old style product sellers. Many are building research driven models, tech enabled dashboards, goal based planning systems, portfolio tracking tools, structured review mechanisms and data backed risk profiling systems. At the same time many experienced old generation distributors are also adapting remarkably well to technology and digital execution to improve transparency servicing and investor experience.. Look at platforms @AssetPlusApp. Two very young founders in their early 30s @assetplusvish building a platform managing more than Rs 10,000 crores of AUM and empowering 10,000+ distributors pan India. That itself tells you where the industry is headed. Technology today is not just helping “sell a mutual fund”. It is helping distributors: * understand investor risk profiles better * track portfolios intelligently * improve compliance * automate execution * create better review systems * improve last mile reach across smaller cities and towns This entire ecosystem is quietly playing one of the biggest roles in India’s financialisation journey. Of course there are bad actors in every profession. That applies equally to planners, distributors, influencers and portfolio managers. Maybe it is time the industry gets viewed with a little more balance and a little less sarcasm. @amfiindia

Jyothy Labs losing rights to their flagship dishwashing brand PRIL is such a big risk playing out in a listed company. Wonder even if the analysts or shareholders saw this coming. It is a brutal reminder how investing can have its blind spots and sometimes those seemingly low probability events end up hurting so bad. Perpetual brand rights are such an integral part for long-term success of any business. Some business leaders like TT Jagannathan (TTK Prestige Ltd) were cognisant of this - he fought hard to secure perpetual rights to Prestige brand in India, from the Prestige Group UK. While many Indian listed businesses continue to face such vulnerabilities, surprisingly their stock valuations may not reflect those risks. @Stalwartsadvise

@AashishPS comparing nifty’s return to all categories? also absolute?

And if someone wants to know from peak of September 2024… here goes…SIPs would have actually done better with volatility and averaging…10-20% decline happens almost every alternate year… Markets can surely go down further, I think they will; so do not jump in yet. No one wants to lose money and definitely not for clients, but no one controls how macros or geopolitics works and definitely not how market reacts to those, but as of yet I can’t see cause for wholesale abuse and criticism… Lastly, industry has 6 crs unique investors of varying maturity, experience and objectives. “No one knows what they are doing” is a rather dim and condescending view of smart people… linkedin.com/posts/sandeep-…

Some times it’s just fun to bash professional managers… let’s not distract ourselves with data…. 2 years of NIL returns on Nifty… what have mutual funds across various categories done…now compare with all indices, stock baskets and dispersion or range of outcomes across stocks that retail investors end up owning… source: linkedin.com/posts/sandeep-…

@Reeteshtiwary @jitenkparmar can we have 10 & 15 years comparison as well?

@jitenkparmar Sir, where is core banking profit in PSU banks? Most of them are reporting lower NII. Profits are growing because of lower provisions and some recovery. Balance sheet looks pristine. The cycle will turn sooner or later.

"PSU banks are for government" "Private Banks are for us investors" said a famous FM. Biases. One of investors biggest enemy. P.S. : I liked both and have investments from both.

@jaganmsna confusing quantum with quant? quantum has never taken such bets

PPFAS invests in PSUs many wont approve QUANTUM - bets on Ambani /Adani Group cos many dont approve it. One can endlessly point faults but how about DIY ? Buy stocks that fit with your investment philosophy

I had once asked a fund mgr why you invest in IPO/Block when even promoters feels it is good price to exit!? FM - It is not me, it is investors pushing more funds at high valuations. I just promise them a sincere attempt to beat mkt avg. Poor returns is their fate, not my doing

@Sudh_Luv4Equity i had the same question

I once complained Helios Flexicap has 56 stocks in its PF and a bit high for my liking but still invested. Mindblown to see WhiteOak flexicap has 126 stocks and whiteOak multicap fund has 180 stocks. 180 in a MF run by Aasish Somaiyya ji? Numbers pulled from Valueresearch

@npparikh6 @PPFAS Congratulations PPFAS & team! Amazing work

I don’t normally talk about AUM or have any AUM based targets in our organization, but today is special .. PPFAS Flexicap crossed 1 lakh crore AUM today.. I believe it is the first actively managed scheme to do so in India .. congratulations to everyone at @PPFAS , our partners for their support and to all of our investors who have put their trust in us on this journey.. A big Thank you! 🙏

@myvaluepicks can we have chart of missing the worst 10,20,30,40 and 50 days?

Investing All Days vs. Missing the Best 10, 20, 30, 40, and 50 Days

@AashishPS quality at any price? 🤔

Place to be…

@KalpenParekh so timing the markets is more important than time in the markets? 🤔

Since 2000 In ₹ Nasdaq TRI : 10.3% (trending down) Gold : 13% (trending up) 50-50 rebalanced every 3 years : 13.4% with lower fluctuations Takeaway : gold is better asset class. No. Don’t overweight equities at high valuations (Nasdaq in 2000). At such times, use gold/bonds

@AdityaD_Shah this is more like a discount, valuations nowhere near sale

Market sale is in April this year. But everybody is panicking rather than carefully buying stocks!😅😅

@AashishPS without holding cash, how can you become greedy now? basically just with inflows if it comes!

Check all interviews and webinars I may have done over last 6 months. Consistently said to be cautious and invest slow. On cash: we beat the index by being in equity and by stock selection not by going out of equity. That’s our policy. If you want us to take cash calls invest in Balanced Advantage, Balanced Hybrid or Multi Asset Allocation Funds.

“Be Greedy when Others are Fearful; Be Fearful when Others are Greedy”. The most important word is “others” and the learning is don’t be part of “others”.

@contrarianEPS GIGATREND !

heard a fund manager saying - Indian IT shud do something, just plain labour arbitrage is stupid and won't last long. in same interview he mentioned his bet is Solar mfg which is benefiting from artificially low cost due to govt incentives. ROFL What a hypocrite