Naren has made this very presentation in recent events. Those who wish to amplify this view are free to do so. It's a democratic space where there is ample room for all views. Investors still choose to invest in these SMID funds despite all these warnings. They are making a conscious choice and the consequences are entirely to be owned by them.
https://t.co/idhoyC1Aui
In defense of the humble Systematic Investment Plan (SIP). There's always some noise about SIPs being terrible 😢 It's always good to understand what a SIP is exactly, and what it can and can't do.
"SIP of Rs. 5,000 per month will not create excitement in the initial 5 years.
After that, a single-day movement in your portfolio will be equal to your monthly SIP amount.
ICICI Pru Balanced Advantage Fund Net Equity Level is @ 30.50%, scheme has equity range between 30-80%.
A flagship fund (rule based) is @ lowest allowed equity level (as on Nov-2022).
If you select your mutual fund scheme basis the near term performance, you are in for a rude shock!
Most best performing schemes in the last 3 yrs generally under perform in the next 3 years
The best scheme in 09-11 period, was ranked #38 in the subsequent 12-14 period & so on
I bought a phone costing what my maid earns in a year.
The richest businessman at my locality has the car that costs 10yrs of my salary.
Mukesh Ambani earns on a single day what this local businessman earns in five years.
Moral: Be happy; stop comparing yourself with others.
Rolex sells status, not watches
Harley-Davidson sells a lifestyle, not motorcycles
Apple sells design and ease, not electronics
Great companies sell emotions, not products.
Attended a Clubhouse session where someone said index funds are safe hence once should move out of equity funds to invest in index funds
I came back to my house from that clubhouse
Access to speakers isn’t access to knowledge
It is amazing how @ZerodhaVarsity by @zerodha has curated content in a way that is easy to understand for any beginner in investing world. I would highly recommend reading Module 11: Personal Finance! Great initiative by @karthikrangappa and the team!! 👏🏻🎉