Play in 1.25x 50:50 Introduction by Neil Parag Parikh (start here) 1:13:18 Presentation by Rajeev Thakkar 1:37:04 Q&A Session with Neil Borat 2:09:19 Fan favorite ITC 2:10:38 Coal India 2:16:13 EID Parry 2:17:11 HDFC Bank 2:19:29 Meta, Google, Microsoft, Amazon & High Capex for AI 2:22:12 Kotak Bank 2:23:56 Wipro 2:25:36 Pharma Sector 2:26:36 Tax Saver Fund (ELSS) vs Flexi Cap
Effectively not allowing the middle-class to invest in foreign funds via MFs but allowing HNIs to do so via AIFs is such a disappointing policy. MFs are the most well regulated, trusted vehicle out there. Why not allow them the necessary diversification.
Because Govt performance in keeping INR strong has been poor. If mutual funds start investing in international markets, it will cause further weakening of INR against dollar. @@pritimayo
This only has increased my conviction to be invested in PPFAS till I retire. Thanks PPFAS team for being so transparent and being open to answering questions. ❤
Watched on UA-cam. I am invested in PPFCF. Wish the allocation was higher. Immense learning session. Its perhaps the only fund that has invested in US Stocks.
I joined ppfas session in Bangalore around 2019 .. we were around 10 ppl. Good to see such growth.. Contjnous SIP sice then. Rajeev is as calm as always
Sip in parag flexi cap fund since 5 year n I will continue till death 😮fantastic fund ❤️ with great team 👍 keep growing n keep making our money grow n safe 🙏
Everyone who did reasonable analysis missed the Nvidia, even their existing highest investor Soft Bank. Once it's rallied, they can't jump in because that fundamentally violates their investors principal. I don't think we can expect PPFAS to identify and jump in the newest technology or trend. It is not on the funds basics.
I had some questions... ! 1. Why Ronak has beard .. btw looking really good... He got persistent right.. didn't like ur head down.. not sure why head down...? China if u can explain more... ! New team members are really welcome... ! Thinking... Ntv much really good guys . ! When is banglore neet up .. would love personally come and say thanks.. one company inwanted to know ur view... Eicher !!
a question not sure if asked, but as AUM rises, is there rationale to keep fees constant vs reducing, as expenses are same irrespective of aum growth or rather atleast not proportional, some addl for opns and new stock tracking but some reduction seems reasonable.
That's a great idea. They should keep their Unitholder meet in different metro city each year. Hope the organising team has taken note of your comment :)
It is so annoying when people keep asking about Rajeev's replacement.... Everyone has the option to pull out the money. Then why worry too much about it, Really creepy people.
Would have appreciated if there was some addressal to the inherent limitation of a mutual fund when people draw parallels to Berkshire Hathaway. Warren and his "disciples" (people who have believed in philosophy similar to that of Warren Buffett, Charlie Munger and others of similar thought process - e.g. Mohnish Pabrai, etc.) do not charge fund management fees / expense ratio / or what Charlie Munger used to call "Breathing fees" - they only charge performance fee over and above a threshold that one can easily earn through fixed income instruments - say 7.5% on FDs currently prevailing in India. Whereas mutual funds charge expense ratio - meaning assuming I invested on 1 Jan 2023, at the end of one year - 31 Dec 2023, even if the fund is down 5%, the expense ratio of 1.33% on a flexi cap or 1.72% on Tax Saver consistently takes away from the investor's invested sum - thereby indicating lack of alignment of interest. Has some thought been made around this? And given SEBI has recently mentioned that they have started thinking about performance based fee structure / hurdle rate - will something like this be considered at PPFAS if it was to materialise from the regulator as an alternative fee structure?
Play in 1.25x
50:50 Introduction by Neil Parag Parikh (start here)
1:13:18 Presentation by Rajeev Thakkar
1:37:04 Q&A Session with Neil Borat
2:09:19 Fan favorite ITC
2:10:38 Coal India
2:16:13 EID Parry
2:17:11 HDFC Bank
2:19:29 Meta, Google, Microsoft, Amazon & High Capex for AI
2:22:12 Kotak Bank
2:23:56 Wipro
2:25:36 Pharma Sector
2:26:36 Tax Saver Fund (ELSS) vs Flexi Cap
Thanks 👍
Thanks a lot Nitesh g
Best think you did. Thanks
Thanks
Thanks
Effectively not allowing the middle-class to invest in foreign funds via MFs but allowing HNIs to do so via AIFs is such a disappointing policy. MFs are the most well regulated, trusted vehicle out there. Why not allow them the necessary diversification.
** hey to mumkin hey.
So that middle class stays middle class.
Because Govt performance in keeping INR strong has been poor. If mutual funds start investing in international markets, it will cause further weakening of INR against dollar. @@pritimayo
This only has increased my conviction to be invested in PPFAS till I retire.
Thanks PPFAS team for being so transparent and being open to answering questions. ❤
Starts at 50:00
Thank You 😅
Thanks for the timestamps. PPFAS is the best AMC ❤ Love their honesty and accountability!
Watched on UA-cam. I am invested in PPFCF. Wish the allocation was higher. Immense learning session. Its perhaps the only fund that has invested in US Stocks.
DSP funds too have allocation in US companies.
Disclaimer- invested in both.
10 Years with PPFAS
Fantastic session. More the reason to stick with them. Good work.
Thanks Neil for organising this.. keep doing the good work. slowly but surely you will be in top 5.
I joined ppfas session in Bangalore around 2019 .. we were around 10 ppl.
Good to see such growth..
Contjnous SIP sice then.
Rajeev is as calm as always
Kudos to you for discovering PPFAS way back in 2019! I'm a relatively new investor in their FC fund (my SIP started just last year)
You guys are Amazing…👏🏻👏🏻👏🏻🙏🏻🙏🏻Hats off
Ppfas logo is my favourite, very powerful message in something so simple. Let the 🐢 run its race
Watching this via you tube. Good to watch. No need to relocate vanue as this will drain out a lot of effort.
Sip in parag flexi cap fund since 5 year n I will continue till death 😮fantastic fund ❤️ with great team 👍 keep growing n keep making our money grow n safe 🙏
Me too
Thanks for your inputs to Investor 🎉😊
Always happy to hear from you team PPFAS
It’s that time of the year again!
Everyone who did reasonable analysis missed the Nvidia, even their existing highest investor Soft Bank.
Once it's rallied, they can't jump in because that fundamentally violates their investors principal.
I don't think we can expect PPFAS to identify and jump in the newest technology or trend. It is not on the funds basics.
The folks at PPFAS are not polished, but then a sharp spear needs no polish.
Investing through SIP from april 2019 in ppfcf.
3:16 guys...be respectful...u r at the best place.. ! Let's not use bad words ...it's a different meeting a different level
keep Up the Good Work team PPFAS👍😊
I am from assam, investing in ppfcf .....
There wasn't any questions on PPCH..😢
And thanks Neil.. beautifully answered
Please think for a small cap fund. Will love to invest there.
I had some questions... ! 1. Why Ronak has beard .. btw looking really good... He got persistent right.. didn't like ur head down.. not sure why head down...? China if u can explain more... ! New team members are really welcome... ! Thinking... Ntv much really good guys . ! When is banglore neet up .. would love personally come and say thanks.. one company inwanted to know ur view... Eicher !!
a question not sure if asked, but as AUM rises, is there rationale to keep fees constant vs reducing, as expenses are same irrespective of aum growth or rather atleast not proportional, some addl for opns and new stock tracking but some reduction seems reasonable.
Nobody asks a question about their view of microfinance sector.
Fantastic. Why don't you reallocate in all 5 metros on rotation?
I am from Kolkata.
That's a great idea. They should keep their Unitholder meet in different metro city each year. Hope the organising team has taken note of your comment :)
@KPS_04 right 👍 Boss
3:43:39 😊
Awesome experience
Screen is black.
One day income of ppfas? 2 crore per day
Next meet, please do in Delhi NCR.
1:49:26
Please conduct the meet at different location every year
It is so annoying when people keep asking about Rajeev's replacement.... Everyone has the option to pull out the money. Then why worry too much about it, Really creepy people.
Would have appreciated if there was some addressal to the inherent limitation of a mutual fund when people draw parallels to Berkshire Hathaway.
Warren and his "disciples" (people who have believed in philosophy similar to that of Warren Buffett, Charlie Munger and others of similar thought process - e.g. Mohnish Pabrai, etc.) do not charge fund management fees / expense ratio / or what Charlie Munger used to call "Breathing fees" - they only charge performance fee over and above a threshold that one can easily earn through fixed income instruments - say 7.5% on FDs currently prevailing in India.
Whereas mutual funds charge expense ratio - meaning assuming I invested on 1 Jan 2023, at the end of one year - 31 Dec 2023, even if the fund is down 5%, the expense ratio of 1.33% on a flexi cap or 1.72% on Tax Saver consistently takes away from the investor's invested sum - thereby indicating lack of alignment of interest.
Has some thought been made around this? And given SEBI has recently mentioned that they have started thinking about performance based fee structure / hurdle rate - will something like this be considered at PPFAS if it was to materialise from the regulator as an alternative fee structure?
Most idiotic & childish question award goes to 2:15:40
Please launch a multicap, Midcap and small cap fund
🤦🏾♂️
3:16 guys...be respectful...u r at the best place.. ! Let's not use bad words ...it's a different meeting a different level