ETMarkets PMS Talk: How this fund manager turned Rs 50 lakh investment to Rs 2 cr since Jan 2020

economictimes.indiatimes.com:

“We are up 4.4x since January 2020. A Rs 50 Lakh investment pre COVID in January 2020 would have become Rs 2.2 Crores as of 29th Feb 2024,” says Arihant Bardia, CIO and Founder, Valtrust.

In an interview with ETMarkets, Bardia said: “We are 38% in large caps, 29% in mid-caps and 33% in small caps. This weight keeps changing every month during rebalance,” Edited excerpts:

Thanks for being part of the segment. please take us through the performance of the funds so far in 2024 and for the calendar year 2023?
In 2023, the Valtrust Momentum fund surged ahead with an impressive return of 59.1%, outperforming the broader market represented by the S&P BSE 500 TRI, which posted a return of 27.4%.

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So far in the year 2024, Valtrust Momentum maintaining a positive trajectory at 11.4% year-to-date, while the S&P BSE 500 TRI has seen a more modest increase of 3.6%.

What is your take on markets considering the fact we are trading at record highs. Are you also fully deployed or have some cash to be deployed at a later date?
Arihant Bardia: “What seems to be too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower” — William O Neill

Since 1990, Nifty has been within 10% of its all-time high nearly half of the time. If one looks at