Best flexi cap mutual funds to invest in June 2025
Live Events
Best flexi cap schemes to invest in June 2025
Parag Parikh Flexi Cap Fund
HDFC Flexi Cap Fund (new addition)
UTI Flexi Cap Fund
PGIM India Flexi Cap Fund
Aditya Birla Sun Life Flexi Cap Fund
SBI Flexi Cap Fund
Canara Robeco Flexi Cap Fund
Many mutual fund investors, especially the new and inexperienced investors, are extremely concerned about the current volatility and uncertainties in the market. They don't know whether to bet on the large caps or mid cap or some others. Also, they wonder how they will know when to switch from one category to another when the market mood changes. Are you in the same boat? Here is an easy way out. You can consider investing in flexi cap mutual funds Flexi cap mutual funds offer the fund managers the freedom to invest across market capitalisations and sectors/themes. It means the fund managers can invest anywhere based on his outlook on the market. Flexi cap schemes are typically recommended to moderate investors to create wealth over a long period of time. Ideally, one should invest in these schemes with an investment horizon of five to seven years.As said earlier, these schemes have the freedom to invest anywhere depending on the view of the fund manager. For example, he or she might invest more in large cap stocks. Or in a bull market she might invest more in mid cap or small cap stocks. Investors should be extremely careful about this aspect. Investors should make sure that they are choosing a scheme that is in line with their risk appetite. For example, some flexi cap schemes may be more conservative than others. It is for you to identify the one that suits your temperament.If you are planning to invest in flexi cap funds, here are our recommendations. We will closely watch the performance of these schemes and update you about it every month.Aditya Birla Sun Life Flexi Cap Fund has been in the second quartile in the last three months. The scheme had been in the third quartile earlier. UTI Flexi Cap Fund has been in the fourth quartile for 25 months. Canara Robeco Flexi Cap Fund has been in the third quartile for 24 months. PGIM India Flexi Cap Fund has been in the fourth quartile for 16 months. HDFC Flexi Cap Fund has been in the first quartile in the last three months. Parag Parikh Flexi Cap Fund has been in the second quartile in the last month. The scheme had been in the first quartile earlier. ETMutualFunds.com has employed the following parameters for shortlisting the equity mutual fund schemes.Rolled daily for the last three years.Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H.i) When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to forecast.ii) When H is less than 0.5, the series is said to be mean reverting.iii) When H is greater than 0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the seriesWe have considered only the negative returns given by the mutual fund scheme for this measure.X = Returns below zeroY = Sum of all squares of XZ = Y/number of days taken for computing the ratioDownside risk = Square root of ZIt is measured by Jensen's Alpha for the last three years. Jensen's Alpha shows the risk-adjusted return generated by a mutual fund scheme relative to the expected market return predicted by the Capital Asset Pricing Model (CAPM). Higher Alpha indicates that the portfolio performance has outstripped the returns predicted by the market.Average returns generated by the MF Scheme =[Risk Free Rate + Beta of the MF Scheme * {(Average return of the index - Risk Free Rate}For Equity funds, the threshold asset size is Rs 50 crore
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
20 hours ago
- Indian Express
Stillness as strategy: How Pulak Prasad built Rs 50,000 crore the quiet way
Last week, we explored how Parag Parikh built an investment philosophy centered around discipline, patience, and investor behaviour. There is another investor who takes this idea even further. His name is Pulak Prasad. He manages over Rs 50,000 crore through his fund, Nalanda Capital. He invests in a small set of listed Indian companies and holds them for years. He avoids thematic fads, stays away from frequent trading, and maintains a portfolio turnover ratio of less than 5% annually. One of Nalanda Capital's earliest and most successful investments is Page Industries, the company behind the Jockey brand in India. It first invested in 2008 when the stock price was around Rs 420, adjusted for corporate actions. As of 2025, the stock trades above Rs 46,000. Nalanda still owns close to Rs 3,600 crore worth of Page Industries. Although the fund has trimmed its stake from around 10% to 7%, the return remains exceptional. In annual terms, that is a 32% compounded return, turning the original investment into a 100x gain. Few investors achieve such results, especially at this scale. Even fewer do so by holding quietly for over 15 years. At the core of Prasad's philosophy is a simple idea: avoid harm, choose carefully, and let time do the work. His investing lens is shaped by Charles Darwin, not stock market cycles. And this mindset holds lessons for every retail investor, especially those who want to grow wealth steadily, with clarity and patience. Prasad's entire philosophy starts from the idea that avoiding destruction is the first rule of wealth creation. In evolution, most species do not die because they fail to grow fast. They die because they cannot survive shocks such as weather changes, habitat loss, and new predators. Survival is the base condition for all progress. Prasad applies this thinking to investing. He does not try to maximise upside first. He tries to minimise irreversible damage by avoiding poor governance, uncertain business models, fragile balance sheets, and sectors where he has no control over outcomes. At Nalanda Capital, this shows up clearly: they avoid highly leveraged businesses, they stay away from financials, and they do not invest in anything they cannot explain in one paragraph. Most investors focus on return potential. 'Can this become a multibagger?' is the first question. But they ignore the more important one: 'What can go wrong, and will I survive it?' That is why people hold a collapsing stock from Rs 800 to Rs 200, hoping it will bounce back. The capital is not just lost, but the compounding engine is broken. Build your portfolio with strong foundations first. Avoid companies where accounting is questionable, or where you do not understand how they make money. Prasad's fund holds 10-15 companies, and it has done that while managing Rs 50,000 crore. This is very similar to how Parag Parikh Asset Management Company also operates. This is intentional focus. Prasad also seems to believe that every additional holding weakens the clarity of thought. If you do not know why something is in the portfolio, it should not be there. His investment in Page Industries is a case in point. Nalanda studied the company deeply, including its pricing power, its category leadership, and the promoter's capital allocation, and then committed large capital with conviction. The result: a holding that compounded at 32% annually for over a decade. Most people over-diversify out of fear. They add another stock, another fund, another NFO, thinking it reduces risk. But it often does the opposite. It hides underperformance, spreads attention too thin, and leads to a portfolio without a centre. Worse, when something fails, there is no learning. The investor says, 'It was only 2% of my capital,' and moves on. But Prasad would ask, 'Then why did you own it at all?' Own fewer funds. If you pick stocks, stick to companies where you would be confident putting 10% of your net worth. If that feels too risky, it may be a sign you do not understand the business well enough. Fewer, better decisions – that is what leads to clarity and conviction. Prasad often says investors should be 'very lazy.' It sounds quirky, but it is deeply rooted in behavioural science. When people feel uncertain, they reach for action as a coping mechanism, such as checking prices, switching funds, or watching market news. And stock prices tend to feed that, and it feels like control, but it usually leads to poor decisions. Nalanda Capital avoids this trap. The fund's portfolio turnover is below 5%, year after year. Again, very similar premise to what PPFAS follows to the core. These funds do not reallocate due to temporary underperformance. They do not chase sectors. They do not respond to other fund managers' trends. They only act when the investment thesis has structurally changed. Retail investors often measure involvement by activity, not just in terms of buying and selling, but by mirroring signals they assume are credible. They think: Each of these is an attempt to stay engaged. But most of this activity is based on cues or actions, not actual understanding. Prasad avoids this entirely. His decisions are not shaped by what others are doing. He trusts his filters, waits patiently, and does nothing if there is no clear reason to act. Build a system where you act only when your logic tells you to and not because someone else acted. Choose investments that make sense to you. Once selected, allow them time. Remember that your job is not to match others' moves. Your job is to grow your capital slowly and steadily. Prasad does not believe in timing the market. He says: nobody knows what will happen next quarter. So instead of trying to be early or clever, he lets time reveal the real nature of a business. His investment in Page Industries or Berger Paints was not done for next year's results. He invested because Nalanda believed these businesses could grow, evolve, and survive over a 10-15 year period, even if the stock price did not reflect that in the short term. Most investors waste years trying to find the 'right time to enter.' But while waiting for a correction, they miss the very asset that could have compounded quietly in the background. Or they panic and exit after three bad months, possibly just before the bounce happens. Prasad's philosophy flips this. If the business is good and the future looks healthy, then the only timing that matters is how long you are willing to wait. Stop trying to find the perfect entry. Invest regularly. Let valuations average out. And once invested, stop looking at monthly performance. Your edge is not in the entry point. Your edge is in how long you can stay. It is easy to believe that if everyone is buying something, it must be safe. That is exactly what Prasad avoids. Over decades in markets, he has seen how popular narratives collapse together, whether it was the K-10 stocks of the late 1990s, the infrastructure boom of 2007, or the tech IPO rush of 2021. When retail flows were pouring into companies like Zomato, Paytm, and Nykaa, Nalanda stayed away. Possibly because these businesses lacked consistent profitability, had unclear moats, and were priced for perfection. Just because the market celebrated them did not make them long-term bets for Nalanda Capital. Retail investors often use popularity as a proxy for safety. They assume: But most of these signals reflect past attention, not future strength. When too many people crowd into the same idea, the downside grows larger than it seems. Make decisions based on business logic, not market buzz. Ask: Does this company have earnings power? Is its balance sheet strong? Is it reasonably priced? If yes, stay with it even if no one is talking about it. If no, walk away even if everyone else is buying it. Prasad does not claim to know the future. He does not predict markets. He does not rely on momentum or moods. His strength lies in stillness. The ability to observe, act selectively, and then wait without anxiety. It comes from years of watching how companies behave, how cycles unfold, and how investors often act too soon. Prasad's method is not built for thrill, and for anyone who wants to build wealth with peace, it remains one of the most useful philosophies in Indian investing today. Note: We have relied on data from the annual reports throughout this article. For forecasting, we have used our assumptions. Parth Parikh has over a decade of experience in finance and research, and he currently heads the growth and content vertical at Finsire. He has a keen interest in Indian and global stocks and holds an FRM Charter along with an MBA in Finance from Narsee Monjee Institute of Management Studies. Previously, he has held research positions at various companies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
Economic Times
a day ago
- Economic Times
Best medium duration mutual funds to invest in June 2025
If you are looking for debt mutual fund to park money for four years or more and are ready to take some risk and volatility, you can consider investing in medium duration funds. Synopsis As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more. However, you should check the portfolio duration of the scheme to ensure that the scheme is in line with your investment horizon. Many investment advisors believe that medium duration funds are better placed to offer superior returns when the interest rates start falling. Debt mutual funds offer attractive returns in a falling interest rate environment. If that interests you, you can learn more about medium duration funds. ADVERTISEMENT Most mutual fund investors stick to liquid funds, ultra short term funds, short term funds, banking & PSU funds, corporate funds, etc. to take care of their short-term needs. Most of them might know about gilt funds. Even though they may not invest in them. However, many investors are not aware of medium duration funds. Chances are that most people will keep hearing about medium duration funds this year because most mutual fund advisors are recommending these schemes to their clients these days. Also Read |Parag Parikh Flexi Cap Fund, Quant Small Cap Fund among 17 mutual funds which deliver over 20% XIRR on SIP investments in 10 years As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more. However, you should check the portfolio duration of the scheme to ensure that the scheme is in line with your investment mutual fund advisors do not recommend medium and long term debt schemes to regular investors. These schemes are extremely sensitive to changes in the interest rate environment. They suffer when the rates go up. Mutual fund advisors say many conservative investors would find it difficult to handle the volatility faced by these schemes. Also Read | MNC mutual funds struggle to perform, lose 3% in 1 year. What's driving the underperformance? ADVERTISEMENT In short, if you are looking for a debt mutual fund where you can park money for four years or more and are ready to take some risk and volatility, you can consider investing in medium duration funds. Please watch out for monthly updates so that you can keep track of your schemes. Bandhan Bond Fund Medium Term Plan, one of the recommended schemes, has been in the fourth quartile for the last 23 months. The scheme had been in the third quartile earlier. HDFC Medium Term Debt Fund has been in the third quartile for the last 20 months. ADVERTISEMENT MethodologyETMutualFunds has employed the following parameters for shortlisting the debt mutual fund schemes. 1. Mean rolling returns: Rolled daily for the last three years. ADVERTISEMENT 2. Consistency in the last three years: Hurst Exponent, H is used for computing the consistency of a fund. The H exponent is a measure of randomness of NAV series of a fund. Funds with high H tend to exhibit low volatility compared to funds with low H.i)When H = 0.5, the series of returns is said to be a geometric Brownian time series. This type of time series is difficult to H 0.5, the series is said to be mean reverting. ADVERTISEMENT iii)When H0.5, the series is said to be persistent. The larger the value of H, the stronger is the trend of the series 3. Downside risk: We have considered only the negative returns given by the mutual fund scheme for this measure. X =Returns below zeroY = Sum of all squares of XZ = Y/number of days taken for computing the ratioDownside risk = Square root of Z 4. Outperformance: Fund Return – Benchmark return. Rolling returns rolled daily is used for computing the return of the fund and the benchmark and subsequently the Active return of the fund. Asset size: For debt funds, the threshold asset size is Rs 50 crore (Disclaimer: past performance is no guarantee for future performance.) (Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. NEXT STORY
Indian Express
21-06-2025
- Indian Express
What Parag Parikh understood about investing that others didn't
I've come across this situation more than once — and perhaps you have too. At a social gathering or a wedding, a small group begins discussing stocks. Someone says, 'I bought this stock at 200, now it is 500.' Another adds, 'I told you about it, but you did not listen.' A third one chimes in with a tip that a stock they believe is about to double next. The conversation is filled with enthusiasm, occasional regret, and a great deal of confidence. Nearly everyone has something to contribute. Such conversations are common. It is always about chasing the next opportunity, seldom about understanding the one already taken. This raises a broader question: if these are the kinds of discussions seen occasionally in casual settings, what do seasoned investors encounter every day? Those who have spent decades in the markets. Those who have watched not just stock prices, but investor behaviour across cycles. People like Warren Buffett, Vijay Kedia, or R Damani. What must they have observed? What must they have understood that others could not? Because anyone can invest. But very few build a philosophy. Even fewer stick to it. Parag Parikh was one of those few. Parag Parikh spent years not just watching stock prices, but observing investors. As a broker in the 1980s and 90s, he dealt with all kinds of clients, from businessmen chasing the next tip, traders shaken by sudden losses, and long-term investors who got impatient halfway through the journey. Over time, he began to see patterns and, more so, how people thought. He realised that investor behaviour, not stock selection alone, was the real driver of long-term success. From that came five key behavioural insights — each rooted in something he saw go wrong, and each one consciously built into the investment process at PPFAS. Here's how. Where it began: Parag Parikh must have noticed a pattern among investors that they often sold their winners too early, afraid the gains would vanish, but continued to hold on to poor performers, waiting for a recovery that might never come. People simply feared regret more than they desired rationality. What he built from it: He built a process focused on businesses that reduce the need for emotional decisions in the first place. That meant buying strong companies at reasonable prices, ones that offered both quality and staying power. This allowed investors (and the fund) to hold through volatility without second-guessing every correction. How PPFAS applies it: A strong example is ITC. Between 2017 and 2020, ITC became one of the most unpopular large-cap stocks. Revenue growth was slow, the FMCG business was not scaling fast enough, and the stock remained in the Rs 180-220 range for over three years. Many investors lost patience and exited. But PPFAS stayed invested. Why? Because their thesis was based not on quarterly performance but on fundamentals, a debt-free balance sheet, high free cash flow, consistent dividend yield, and a dominant position in cigarettes and packaged foods. They believed value was building silently, even when the price did not reflect it. As of 2025, ITC is up over 90% from its 2020 lows, has expanded margins in its FMCG business, and significantly increased dividend payouts. This example shows how resisting loss aversion and trusting a business rather than reacting to market frustration can lead to long-term gains. And it is this ability to stay invested through the 'boring' phases that often separates a good process from a reactive one. Where it began: Parag Parikh often saw investors treat different pools of money differently. A monthly SIP would be invested carefully, but a year-end bonus or a sudden windfall would be put into a high-risk small-cap stock or an IPO without much thought. People mentally separated money by source, as salary money was 'serious,' and bonus money was 'extra.' He believed this bias led to inconsistent decisions, often based on emotion, not logic. What he built from it: To counter this, Parikh believed investors needed a single, goal-driven lens for all financial decisions. Whether it was SIP money, inheritance, or a one-time gain, it should be invested with the same level of discipline. That is also why he was against the idea of managing too many products for different moods or market cycles. He believed clarity was more valuable than variety. How PPFAS applies it: PPFAS still operates with that same mindset. It has maintained a simple, focused product lineup, comprising just one core equity fund that is the Parag Parikh Flexi Cap Fund, along with a tax-saving version (ELSS) of the same strategy. While it also offers an arbitrage fund, that is not positioned or managed as an equity fund in the traditional sense. There are no sectoral funds, no momentum strategies, and no new fund offers built around temporary themes or market cycles. Even when investor flows surged after Covid in 2021, and other AMCs rushed to launch 30-40 new schemes across smallcaps, ESG, and global themes, PPFAS resisted. They received regular feedback from distributors and investors asking, 'Why not launch a small-cap fund?' or 'Why not ride the momentum with a new-age tech basket?' But they chose not to. Because doing that, they believed, would give investors the illusion of choice, but encourage mental accounting that could lead to separate pots of money, each with its own logic, and ultimately, a disjointed portfolio. Instead, PPFAS guided investors to treat their capital as one, focusing on long-term wealth creation and allocating it through a single, well-diversified fund. A good example of how they handled inflows responsibly is from 2020 to 2021, when their AUM jumped sharply. Instead of deploying all the funds at once or chasing high-beta stocks, they remained selective, allocating gradually and sometimes even holding over 10% in cash and arbitrage positions, waiting for better valuations. Where it began: Parag Parikh often observed that investors found it very hard to let go of losing positions. Not because the business was still strong, but because they had already invested time, money, and emotion into it. He saw this during the K-10 stock boom in the late 1990s, where people held on to crumbling companies because they had entered at a higher price and did not want to 'book a loss.' The logic was simple: 'I have already put in so much, maybe it will bounce back.' But he believed this was one of the most damaging biases in investing. A stock does not know you own it. Your entry price does not matter to the business. Only the future does. What he built from it: Parikh designed an investment process where each holding was reviewed continuously against its thesis, not its cost price. If a company no longer met the standards of quality, governance, or growth visibility, it had to go. No matter how popular it once was. No matter how much time it had spent in the portfolio. He encouraged detachment, not indifference, but the ability to change your mind when facts changed. How PPFAS applies it: A clear example is Sun Pharma. PPFAS bought into Sun Pharma around 2018, when it was still India's leading pharma company. It had acquired Ranbaxy in 2015. The logic was that post-merger synergies, strong promoter pedigree, and domestic market leadership would continue to drive long-term returns. But over time, the situation changed. Regulatory issues with the US FDA, weak integration outcomes, and a decline in profitability raised red flags. The company was still well known, but its outlook became murky. Instead of holding on just because it was once a blue-chip name or because the fund had a large allocation, PPFAS trimmed its exposure significantly between 2023 and 2024. That was a classic implementation of Parikh's thinking. The question was not, 'Will it come back to our cost?' The question was, 'Does it deserve our capital going forward?' By focusing on future relevance rather than past commitment, the fund avoided getting trapped. Where it began: Parag Parikh had seen what happens when too many people chase the same idea. During the Harshad Mehta rally in 1992, he watched clients pour into stocks they barely understood, simply because everyone else was buying. The same thing happened again in the dot-com boom of 1999-2000 and the real estate-led rally of 2007-2008. Each time, the early gains drew more people in, and the fear of missing out replaced careful thinking. Parikh realised that when a stock or sector becomes too popular, the risk does not reduce; it multiplies silently. Everyone cannot exit at the same time. What he built from it: He built a deep resistance to consensus thinking. If everyone loved a stock, he asked why. If everyone were ignoring a sector, he became curious. He taught that investing is not about copying, it is about thinking independently. How PPFAS applies it: A strong example is PPFAS's decision to stay away from hyped IPOs and trending new-age businesses. In 2021, when the Indian IPO market saw a flood of digital-first companies, many mutual funds rushed to participate. These stocks were seen as the next frontier, priced aggressively, and backed by global capital. But PPFAS did not invest in any of them at the time of listing. Their reason was clear: most of these companies had weak profitability, unclear moats, and lacked a clear timeline to self-sustaining cash flows. It did not matter that they were trending. What mattered was that the valuation did not match the business model. By 2023, many of those names corrected sharply, some by over 40-60% from their IPO highs. Instead, PPFAS kept adding to companies like Bajaj Holdings, ICICI Bank, and Cognizant, none of which were popular at that time, but all had clean balance sheets, steady cash generation, and long-term potential. Their conviction was not driven by market sentiment, but by bottom-up research. Even globally, they added Amazon and Meta during periods when those stocks were under pressure, post-2022 correction, citing strong fundamentals and future earnings power, even though market opinion was still cautious. Herd behaviour also works in reverse. During pessimistic phases such as March 2020 or the early 2023 correction in US tech, PPFAS was willing to go against the prevailing mood and increase allocations in fundamentally sound but temporarily unloved names. In short, they continue to ask: Is this idea good? Or is it just popular? And that one question keeps them from making the same mistakes the crowd makes, just a little later. Where it began: Parag Parikh often said that most investors want long-term wealth but follow short-term behaviour. He saw it firsthand as clients who bought with a five-year view but sold in five weeks. The slightest correction, a missed quarterly estimate, or a new tip from a friend would trigger panic or FOMO. He realised that while the market offers daily prices, wealth is built over the years. This was one of his most fundamental beliefs: you cannot compound if you keep interrupting the process. What he built from it: He built a structure where patience is baked into the system. He believed in buying a business only if you were comfortable holding it through multiple cycles. This meant the portfolio had to be simple, conviction-led, and resistant to noise. He also believed in educating investors to align with this philosophy, which is why even today, PPFAS actively tells potential investors: If you cannot stay for five years, please do not invest. How PPFAS applies it: This thinking shows up in two clear ways: portfolio design and investor communication. On portfolio design: PPFAS maintains one of the lowest portfolio turnover ratios in the industry, consistently under 10%. That means they rarely sell just because a stock has moved. For comparison, most active equity funds in India have turnover ratios above 60-70%, which indicates more frequent buying and selling. Some examples of their long-held positions: ITC stayed in the portfolio even when it underperformed for nearly five years. Today, it is one of the fund's top performers. Nestlé India, HDFC Ltd., and Bajaj Holdings have remained core holdings for 5-8 years through multiple market cycles. On the global side, Alphabet (Google) and Amazon have been held through periods of extreme volatility, including the tech correction of 2022, with no panic selling. Their approach is clear: if the business fundamentals are intact, temporary price moves are not a reason to act. The decision to hold is based on the company's ability to grow free cash flow, expand margins, and reinvest capital effectively, not on short-term market opinion. On investor communication: Every year, they hold an annual unitholder meeting, where the CIO and fund managers openly answer questions, share what is working and what is not, and urge investors to stay the course. During the Covid crash in March 2020, PPFAS published detailed letters explaining why they were not making major changes. They did not reshuffle portfolios. They waited, trusted their holdings, and within 12-18 months, the fund had sharply outperformed peers who overreacted. Even as of 2024, the fund has told new investors clearly: This is not a fund built for quarterly comparisons or tactical moves. It is built for compounding. Parag Parikh observed how people behaved with money and the decisions they repeated, the habits that shaped outcomes, and turned those insights into a way of investing that focused on quality, patience, and clarity. That approach became a part of how the fund operates even today. PPFAS continues to invest with the same mindset, thoughtful stock selection, low churn, and a deep respect for long-term discipline. This article is not meant to promote the fund. It is simply an attempt to understand how a clear way of thinking has been carried forward. The philosophy that Parag Parikh practised and passed on still offers something useful to every investor. It shows that when you give decisions enough thought, when you stay with businesses you understand, and when you trust time to do its work, investing becomes a lot steadier. Note: We have relied on data from the annual reports throughout this article. For forecasting, we have used our assumptions. Parth Parikh currently heads the growth and content vertical at Finsire. He holds an FRM Charter along with an MBA in Finance from Narsee Monjee Institute of Management Studies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
