In an interview to CNBC-TV18, Raunak Onkar, research head, said, "We have been of the view for a while that the frontline consumer ideas have been very expensive and they still are expensive irrespective of what the markets have been doing for other areas in the stock market."
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We have been adding the companies that we already own and which we felt were still reasonably valued in our portfolio, Raunak Onkar, research head, PPFAS Mutual Fund, tells ET Now.
Watch interview →We have been adding the companies that we already own and which we felt were still reasonably valued in our portfolio, Raunak Onkar, research head, PPFAS Mutual Fund, tells ET Now.
Read interview →Faced with an overwhelming response to their 5th annual general meeting, PPFAS Mutual Fund was forced to cancel the registrations for their Mumbai and Bengaluru events. ET .com Mutual Funds spoke to Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund, to find out his plans for the AGM, and his views on the current market.
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Zydus Wellness will take advantage of the distribution networks of all Heinz brands and expand the portfolio said Raunak Onkar, co-fund manager (equities) & head research, PPFAS Mutual Fund.
Read interview →In the latest episode of Coffee Can Investing, read Saurabh Mukherjea, Founder of Marcellus Investment Managers, in conversation with Rajeev Thakkar, Director of PPFAS
Read interview →Rajeev Thakkar, Fund Manager, Parag Parikh Long Term Equity Fund talks to us about the fund's outperformance and stock selection
Read interview →On the 10 years since the Lehman collapse, the Indian banking sector has transformed drastically. Private banks have firmed up their roots and now their share has increased to 31% from 23% in 2008.
Read interview →“With the interest rate and inflation rate differential between US and India, the INR should depreciate approximately 4-5% every year over the longer term”
Read interview →Nivesh Mitr was in conversation with Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund.
Read interview →We are okay with buying companies growing at the same rate at which they were valued in terms of earnings cash flow multiples, Raunak Onkar, Head - Research, PPFAS MF, tells ET Now.
Read interview →Mr. Rajeev Thakkar's interview by The Finapolis, July 4, 2018
Ask any fund manager about current valuations, and the standard response is either Indian equities are ‘still relatively cheap’, or ‘think about long-term’. There are very few equity funds today which hold a huge amount of cash, as most investment managers prefer to be fully invested.
Read interview →Mr. Raunak Onkar's interview by The Calm Investor, July 2, 2018
There are over 35 Asset Management Companies (AMCs) in India. The typical AMC offers between 5 and 25 open-ended equity mutual funds with varying investment strategies to cater to every kind of investor. PPFAS is not a typical AMC. It offers just one equity mutual fund, Parag Parikh Long Term Equity Fund. My conversation today is with the Head of Research at PPFAS Mutual Fund, Raunak Onkar.
Read interview →Mr. Raunak Onkar's interview by CNBC TV18, June 27, 2018
The valuation of consumption stocks not attractive at this point, said Raunak Onkar, PPFAS Mutual Fund. Speaking to CNBC-TV18, Onkar said that valuation has to be attractive for us to invest in consumption stocks.
Watch Video interview →Mr. Rajeev Thakkar's interview by Morningstar, June 20, 2018
Rajeev Thakkar, CIO at PPFAS Mutual Fund, manages PPFAS Long Term Equity, which recently completed 5 years. He shares his investing perspectives and discusses his fund with Ravi Samalad of Morningstar.
Read interview →Mr. Rajeev Thakkar's interview by ET Now, June 15, 2018
Rajeev Thakkar, CIO, PPFAS MF, says with the election season coming in, concerns over valuations, tightening liquidity and interest rate cycle will be hogging the limelight. Thakkar tells ET Now that he would be hunting for only quality stocks.
Read interview →Mr. Raunak Onkar's interview by ET Now, May 09, 2018
Talking to ET Now, Raunak Onkar, Research Head, PPFAS MF, explains that banking and technology are the two trends continuing to play out in the market and new opportunities can be found there.
Read interview →Mr. Neil Parikh's interview by Cafemutual, April 30, 2018
In an interview with Cafemutual, Neil Parikh, CEO, PPFAS Mutual Fund shares his journey so far and future plans.
Read interview →Both Indian investors and distributors are waking up to the stability and diversification offered by a fund with a significant exposure to foreign equities, Neil Parikh, CEO, PPFAS Mutual Fund, tells ET Wealth.
Read interview →Even as it becomes difficult to pick stock given frothy valuations in the stock market, PPFAS Mutual Fund which manages assets topping Rs 1,000 crore is sitting on piles of cash at 23% of its AUM.
Read interview →Talking to ET Now, Raunak Onkar, Research Head, PPFAS MF, says if tomorrow an idea comes in, 5% or 10% will go into two stocks and cash holding will reduce to 10%.
Read interview →Once, people know what we are trying to achieve, I think we would really stand out and that AUM will automatically come after a point of time, says Neil Parikh, Chairman and CEO, PPFAS Mutual Fund.
Read interview →What is your expectation from the upcoming Union Budget?
People are not too obsessed with the precise fiscal deficit percentage. People are ok with 10 basis points here and there. The biggest thing that would impact is long term capital gains tax.
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Parag Parikh Financial Advisory Services Ltd. (PPFAS) Mutual Fund, a SEBI registered portfolio management service provider, has drawn up a road map to reduce its expense ratio for the benefit of equity investors, said a top executive.
Read interview →ET Now: What a dream year this has been! The one year return of the Parag Parikh Long-Term Value Fund Regular Plan has surged over 30%. That has been a staggering return. Are the positions as is or are you looking to juggle something for 2018?
Read interview →It is no secret that not only the last one year but the last three years have been fantastic for the industry. Government policies of demonetisation and the crackdown on black money have helped funds flow from physical assets, like gold and real estate, to financial assets.
Read interview →When veteran value-styled investor Parag Parikh and his firm Parag Parikh Financial Advisory Services set up a mutual fund company, called PPFAS Asset Management Co. (AMC) Ltd in early 2013, it set out to do something different.
Read interview →Parag Parikh Long Term Equity Fund is among the few funds in India with significant exposure to foreign stocks. Rajeev Thakkar, Chief Investment Officer and Director, PPFAS Mutual Fund, shares his outlook on foreign markets and stocks.
Read interview →It was a tepid day for the market with the indices closing flat amidst volatility backed by global cues. The 30-share BSE Sensex was down 21.10 points at 33,756.28 and the 50-share NSE Nifty fell 3.90 points to 10,440.30.
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Raunak Onkar of PPFAS Mutual Fund says it is not easy to pick new stocks in this market. "We are sitting on 18 per cent cash, but that is mostly residual cash," says he. Excerpts from an interview with ETNow.
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In a chat with ET Now, Raunak Onkar, Head-Research, PPFAS Mutual Fund, says for long-term investors, 5% plunge should not matter and that If the stocks you wanted to buy in your grocery list have not fallen, sit on your cash and wait for them to come down further.
Read interview →Alpha Manager Rajeev Thakkar, Chief Investment Officer and Director, Parag Parekh Mutual Fund (PPFAS MF) in an interview to CNBC-TV18 shared his outlook on the market and stocks selected in their portfolio.
Read interview →You are an India fund but our viewers by now know that you also have very large global exposure and the stocks which you own are Facebook, Google, Apple, IBM, which means you have very deep understanding of what is happening to the US tech market and what is happening to US stocks.
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Sometimes, less is more. I believe this is true when one is selecting equity mutual funds to achieve their long term financial goals.
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Midcap IT companies that are in research, engineering services, digital space will benefit, said Rajeev Thakkar of PPFAS.
Read interview →Around 5 pm on May 3, 2015, Neil Parikh got the fateful call. It was a Sunday and he remembers watching an IPL match between Mumbai Indians and Kings XI Punjab. The call was from Rajeev Thakkar-chief investment officer of PPFAS Mutual Fund-who was in Omaha, US, with Neil's father Parag Parikh, chairman and CEO of the fund, to attend the annual general meeting of legendary value investor Warren Buffett's firm, Berkshire Hathaway.
Read interview →Rajeev Thakkar, CIO, Parag Parikh Financial Advisory Services Mutual Fund, says while the market momentum is clearly upward, things have been hard on a stock-specific basis and it is difficult to find meaningful ideas. Excerpts from an interview with ETNow.
Read interview →What is it going to take for the markets to push further from here because of late we seem to be getting in a bit of a consolidation mode as is the rest of the world too?
Read interview →Are you paying too much tax? Ask these financial planners on how you could save more
Read interview →Reforms may seem disruptive, but sometimes they're necessary. It's too difficult to predict the impact of any reform to the last decimal place, on multiple industries, said Neil Parag Parikh, chairman and CEO, PPFAS Mutual Fund, in an interview with Ravi Ranjan Prasad. Reforms also allow new type of businesses, which can aggregate capacities more efficiently to flourish. Any short-term disruption is perhaps like a speed bump rather than a sinkhole, he remarked. Excerpts:
Read interview →It will be tough. At least first six months I see it will be tough, the entire story was discretionary spend that has gone for a toss in the last quarter and I do not know when that will recover. Again, increasingly I do not think we have the option of exporting our way to growth so you will have challenges in IT space specifically and maybe even in pharma. I am cautious and not very exuberant going into 2017.
Read interview →MF Live: Parag Parikh Long Term Equity Fund (PPLTV) as named after the founder, is the flagship fund of PPFAS Asset Management Private Limited (PPFAS AMPL). The fund is a diversified equity fund which allocates 35% of its funds to foreign stocks. Please throw more light on how you have strategized the overall investments in the fund?
Read interview →Parikh, Thakkary says taught him the importance of psychology in valuing equities. An author on behavioural finance, Parikh lectured at various places and was well-read on everything research on behavioural finance, he says.
Read interview →Fast-moving consumer goods (FMCG), a sector of low-ticket items, should be the first to recover from the demonetisation-induced slowdown, said Rajeev Thakkar, Chief Investment Officer, PPFAS Mutual Fund.
Read interview →We are the only fund house that organises AGMs for our unit holders and distributors and put ourselves up for their scrutiny,' says Neil Parag Parikh, CEO, PPFAS Mutual Fund
Read interview →What is the rationale of a fund investing a good portion of its portfolio in foreign stocks at a time when foreign investors are flocking to India?
Read interview →We are invested 90-93 per cent. There is a certain amount of liquidity though the cash and arbitrage positions are also in dollar terms for our overseas investments.
Read interview →As a part of the ongoing series on Know your Fund, we now bring to you Parag Parikh Long Term Equity Fund.
Read interview →There are a very few Indian mutual funds that actively track and invest in US equities. For Rajeev Thakkar, CIO, PPFAS Mutual Fund, that’s a strength. This value hunter doesn’t mind going overseas and buying the Google owner Alphabet, while keeping an eye on Maharashtra Scooters and HDFC Bank (top domestic holdings).
Read interview →We can be up to 35% in global stocks, currently it would be about 29-30% in that range. NASDAQ in terms of absolute values it is at highs sure but it is nowhere near the past NASDAQ bubble that we had seen earlier, says Rajeev Thakkar.
Read interview →Neil Parikh, Chairman & CEO, PPFAS Asset Management talks about the rationale behind their unique strategy of running just one fund, on why his family’s personal investments are made in this fund, on the focal areas of his business going forward, and on his outlook for Indian equities over the next five years.
Read interview →SN: Is there a mechanism in Mutual Funds where you repay cash to shareholders if you’re not finding opportunities for a long period of time?
Read interview →Rajeev’s tenure at PPFAS began in 2001. His passion for researching and analysing the fundamentals of companies was evident from the very beginning and very soon he was heading the Research division at PPFAS. His responsibilities soon expanded as he was appointed the Fund Manager for the flagship scheme of the Portfolio Management Service, titled “Cognito” in 2003.
Read interview →The fund’s 3-year return is below the flexi-cap category average, its 1-year return is above, but its YTD is way below. What is the reason for such wavering returns?
Read interview →Midcap indices hit their new all-time high this week, but will this rally continue in future? Rajeev Thakkar, chief investment officer and director, PPFAS Mutual Fund feels multiple expansion may not continue forever and in some cases the multiples could contract also. Thakkar tells Feonline that strong inflows in domestic equity markets supported mid-and-small cap space and one needs to be very selective in buying after the recent run-up.
Read interview →ET Now: Nearly one-fourth of your portfolio is global in nature whether it is an Apple or whether it is a Nestle or for that matter Google. Right now there is a global growth concern. It is haunting American companies as well as European banks. What is your positioning in terms of the global big picture?
Read interview →राजीव ठक्कर ने संकेत धनोरकर से बातचीत में कहा कि उन हालात में बेहतर फैसले लेने का नाम ही इनवेस्टमेंट होता है, जिनमें मार्केट न बहुत तेज और न ही बहुत मंदा होता है। पेश हैं बातचीत के मुख्य अंश:
Read interview →Except for the known problem areas like banks, commodity-linked firms and some overleveraged infrastructure names, results have been largely good and the trajectory is looking up. The commodity price fall has been corrected and it is on the upswing. Therefore, pressure on these players may recede, going forward.
Read interview →In a volatile time for the market, PPFAS Mutual Fund’s only offering, the Long Term Value Fund (multi-cap), has done reasonably well, trouncing the average returns of multi-cap funds by a margin of 2-3 per cent. In an interview with BusinessLine, Neil Parikh, Chairman and CEO, shares his roadmap for the future. Edited excerpts:
Read interview →While domestic macro indicators are looking up fast, equities can still offer only moderate returns of 10-15 per cent in the coming years, says Rajeev Thakkar, CIO and Director at PPFAS Mutual Fund. In an interview with Amit Mudgill of ETMarkets.com, he said one may expect mega ecommerce IPOs in the coming days, but believes valuing them could be a major challenge. Excerpts:
Read interview →Nikunj Dalmia: We have seen hell and then we have seen heaven, what is the reality?
Rajeev Thakkar: At our end it is as boring as watching grass grow. Our investments in January when all hell was breaking loose was more or less the same as now, three months later. Nothing much has changed.
What were your key learnings from your dad? Two things come to mind immediately. Do not chase market fancies and current fads. When you chase a market fancy, you pay a fancy price and when that fancy ends, you are left with a fancy loss only.
Read interview →He has been a part of the Capital Market for over a decade with experience across wealth management, research, Institutional desk, marketing, operations, broking, key client management to name a few. Starting his career as an intern with JM Morgan Stanley in 2003, he has been a part of Parag Parikh Financial Advisory Services Limited since July 2004 in various capacities. At PPFAS Mutual Fund, apart from handling key client relationships, he is also entrusted with the fulfillment of strategic responsibilities.
Read interview →ET Now: Is this volatility a long-term investor's great friend?
Rajeev Thakkar: Absolutely.
Since inception, PPFAS Mutual Fund has been looked up to in the mutual-fund industry for its no-nonsense approach and skin-in-the-game model, which were the hallmarks of its founder, Parag Parikh. So, how has the fund fared after the veteran investor passed away in May this year? We talked to Rajeev Thakkar, CIO of the fund, to find out.
Read interview →What is your take on the Fed hike? Are you definitely expecting a hike or is it more a question of quantum and what is the likely impact that you are expecting?
Read interview →ET Now: What is your take on Maharashtra Scooters?
Rajeev Thakkar: Maharashtra Scooters is a play on Bajaj Auto, Bajaj Finserv, and Bajaj Holdings. As a business group, broadly, we like the group. We like the passion of Rajiv Bajaj in terms of the two-wheeler play and execution over there. What Sanjiv Bajaj is doing in the financial services play is good. We have been buying Maharashtra Scooters or we have bought it when the stock price was at almost 20% of the underlying investments. Of course, prices moved up now.
By replacing Parag Parikh as Chairman and CEO of PPFAS Mutual Fund, Neil Parikh has big shoes to fill. Here he assures investors that it is business as usual and speaks on why his equity fund is a winning proposition.
Read interview →Neil is the son of Parag Parikh, 61, chairman of Parag Parikh Fund Advisory Services, who passed away on May 3 after a road accident. Neil has taken over as chairman and CEO.
Read interview →When Parag Parikh died in a car accident in Omaha, US, this month, there was speculation in the market that his firm (Parag Parikh Financial Advisory Services) will be up for sale. Some even believed that there will be a run on assets, but that did not happen. In fact, the firm is in good hands and Rajeev Thakker is back to managing his fund.
Read interview →It was a sad day when Parag Parikh, noted value investor and co-founder of PPFAS Mutual Fund, died in a car crash earlier this month right after attending the annual investor conference of his guru Warren Buffett’s Berkshire Hathaway.
Read interview →Do you think the momentum in the market will continue going ahead? What could derail it?
The day to day events are uncertain to predict.One big positive is government’s focus on economic growth. It is easing the restrictions of doing business in India. The government’s ability to kick start projects and clear key bills will be something to watch out for.
With a tortoise for its logo, a single equity scheme and a go-anywhere mandate that allows the fund to invest in foreign stocks, Parag Parikh Financial Advisory Services’ (PPFAS) mutual fund has taken the road less travelled. The fund’s CIO Rajeev Thakkar fields questions about the fund’s offbeat ideas.
Read interview →How has your outlook for equity changed with the change in the government? Does macro economic outlook have bearing on your portfolio?
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