After churning out multibaggers, OG fund manager Rajeev Thakkar says it’s time to be a conservative investor
Rajeev Thakker, CIO,PPFAS MF, says “ at a time when US bond yields are around 4 to 5% and threatening to go higher and for longer, I do not think one should be really looking at hitting sixes right now. People have made a good amount of returns in the last few years, not the last two years, but maybe from a five-year perspective. I think it is time to be more conservative in terms of the future outlook. I do not think it is a time to be very aggressive in terms of investing.”
The PMS started with an AUM of less than Rs 500 crore, Is it worth Rs 20,000 crore now?
Equity scheme is Rs 45,000 crore.
So, Rs 45,000 crore of equity and you started in 2012?
2013.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Executive Officer ProgrammeVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisit 2013 and you started with Rs 100 crore?
Yes, NFO was less than Rs 100 crore but overall within a short span we were at Rs 300 crore, that was the PMS AUM prior to the shift to the fund.
Saying that you have been a multibagger, right?
Yes, you could say that.
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So nice to hear that. A scheme which itself has become multibagger! Let us keep multibaggers only as the theme. Which of the stocks have become multibaggers and which of the stocks could become multibaggers according to you?
So sorry to be sharing some bad news in that sense, I do not have too many multibagger ideas to share. Firstly, as it is, we are not allowed to give stock recommendations, you know that and it was a trick question from your side. But
