
To all those people worried about under performance of PPFCF!
I'm a fresh investor as well, took a good 6 months to read about investments and convincing myself that market investments are the best thing salaried folks like me can do to preserve what little wealth we have.
Coming to the most popular yet controversial fund, being discussed back and forth in every mutual fund discussion space regardless of what platform it is. The Paragh Parikh Flexi Cap fund. Its like that spiderman meme, "Everywhere I go, I see his face".
People without understanding the investment philosophy of an AMC, just blindly following the previous returns were complaining that PPFCF was underperforming. Not a day passes by in this sub without atleast one such post. Now that the market is slowly descending from all the FIIs pulling away, and with India achieving a mindblowing 7.8% increase in GDP thanks to the Masterstroke of our lord and saviour, we can see where my investments stand now. A 4% loss compared to 1% loss, which might not sound much considering my total investments, but for people who have lakhs in equity, a single % may be a huge sum.
Mind you, I only have around 50k invested, sounds like nothing much, but its a whole months salary for me. I put my trust in the market, and I understood that someday I have to face a downwards facing red arrow, and in no time, we have arrived at this point. Now this is where the PPFCF is shining. See the % loss of the other funds and the PPFCF. This is where the value philosophy of Mr. Rajeev Thakkar and the late Mr. Parag Parikh starts to shine.
So if you have any idea to stay longer in the market, stop chasing the shiny new funds that delivers high today and drops to the lowest tomorrow, like a true long term investor, go by the fund house's philosphy, or just dump all your corpus in nifty and call it a day. Some day or the other, it will recover, and if it doesn't, then there is nothing much you can really do, if the entire country isn't performing well economically. Any amount of profit you have will be worthless, if the underlying currency in which you're investing becomes worthless.
Peace!