Discover and read the best of Twitter Threads about #onefund
Most recents (2)
PPFAS agm2022
A thread
*Views are personal. Retweet if you like. Mute if you don't like. ;)
#onefund #ppfas
A thread
*Views are personal. Retweet if you like. Mute if you don't like. ;)
#onefund #ppfas
Neil, talks about value of cash and how fund is absolutely fine holding cash. Had 28% cash almost in 2018.
The returns would be lumpy. Minimum 5 years if not more
Underperformance is guaranteed in short term, so is volatility.
Over long term, the returns are satisfactory
The returns would be lumpy. Minimum 5 years if not more
Underperformance is guaranteed in short term, so is volatility.
Over long term, the returns are satisfactory
Do you have a process or plan to invest. The fund prefers to follow their own plan. Circle of competence about 500 stocks.
Can't Chase / pick up all opportunity.
I recall, last few years their were question on some Spanish companies like Zara or Chinese companies.
Can't Chase / pick up all opportunity.
I recall, last few years their were question on some Spanish companies like Zara or Chinese companies.
PPFAS NAV 13 Feb: 29.29 (Sensex/~42k)
PPFAS NAV 24th March: 20.15 (Sensex/25k)
PPFAS NAV 3rd July: 28.70 (Sensex/ 35k)
42% from bottom. While most has been saying it's because of Nasdaq, the game changer has been 13% odd cash and bets they took
#ppfas #assetallocation
1/n
PPFAS NAV 24th March: 20.15 (Sensex/25k)
PPFAS NAV 3rd July: 28.70 (Sensex/ 35k)
42% from bottom. While most has been saying it's because of Nasdaq, the game changer has been 13% odd cash and bets they took
#ppfas #assetallocation
1/n
They had around 12-13% cash. While Sensex is still 17% down from ath and Nasdaq at last ath, let's see how the cash helped
1./ ITC, took 5% punt
2./ They loaded on MCX, CSDL, averaged more on axis
3./ Moved out of nestle and picked Microsoft of almost same value
2/n
1./ ITC, took 5% punt
2./ They loaded on MCX, CSDL, averaged more on axis
3./ Moved out of nestle and picked Microsoft of almost same value
2/n
They also moved a 4% position in AMZN and further 2% in FB once it crashed to 160 odd. Didn't add a share in Google.They also took a quick trade in HDFC though can't figure out what for but it must have been bought pretty low and then made a good trade given HDFC was 10%
3/n
3/n
