Nifty 17026.45 (-2.91%)
Sensex 57107.15 (-2.87%)
Nifty Bank 36025.5 (-3.58%)
Nifty IT 34606.1 (-1.97%)
Nifty Financial Services 17614.7 (-3.56%)
Adani Ports 717.15 (-5.94%)
Asian Paints 3143.10 (-0.04%)
Axis Bank 661.75 (-2.67%)
B P C L 376.85 (-5.81%)
Bajaj Auto 3334.60 (-1.68%)
Bajaj Finance 6807.05 (-4.47%)
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Britannia Inds. 3555.30 (-0.51%)
Cipla 966.70 (7.42%)
Coal India 155.90 (-1.67%)
Divis Lab. 4937.80 (2.88%)
Dr Reddys Labs 4750.90 (3.47%)
Eicher Motors 2433.90 (-3.43%)
Grasim Inds 1690.10 (-4.34%)
H D F C 2741.70 (-4.40%)
HCL Technologies 1110.05 (-1.31%)
HDFC Bank 1489.90 (-2.36%)
HDFC Life Insur. 670.65 (-2.64%)
Hero Motocorp 2529.40 (-2.52%)
Hind. Unilever 2335.10 (-0.59%)
Hindalco Inds. 417.00 (-6.72%)
I O C L 120.95 (-3.74%)
ICICI Bank 722.20 (-3.84%)
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Infosys 1691.65 (-1.79%)
ITC 224.00 (-3.16%)
JSW Steel 628.65 (-7.67%)
Kotak Mah. Bank 1964.30 (-3.48%)
Larsen & Toubro 1778.15 (-3.88%)
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NTPC 128.85 (-4.70%)
O N G C 147.10 (-5.16%)
Power Grid Corpn 202.00 (-1.10%)
Reliance Industr 2412.60 (-3.22%)
SBI Life Insuran 1130.35 (-2.51%)
Shree Cement 25945.80 (-2.72%)
St Bk of India 470.50 (-4.09%)
Sun Pharma.Inds. 767.30 (-1.99%)
Tata Consumer 766.70 (-5.09%)
Tata Motors 460.20 (-6.61%)
Tata Steel 1112.30 (-5.23%)
TCS 3446.85 (0.03%)
Tech Mahindra 1527.40 (-2.05%)
Titan Company 2292.30 (-4.40%)
UltraTech Cem. 7394.75 (-2.81%)
UPL 703.80 (-3.23%)
Wipro 621.45 (-2.40%)

Rajeev Thakkar - A disciplined fund manager

 Rajeev Thakkar - A disciplined fund manager
by 5paisa Research Team 28/10/2021

A value investor, a man of few words whose plethora of work in the investment industry speaks on his behalf.

Rajeev Thakkar is the Chief Investment Officer of PPFAS ( Parag Parikh Financial Advisory Services Ltd). His tenure with PPFAS started in 2001 and in 2007 he became the CEO of the Fund house. He has worked since the inception of the flagship scheme of the Portfolio Management Service, titled "Cognito"

A Chartered Accountant, Cost Accountant, CFA Charterholder and a CFP Certificant, Rajeev Thakkar is an epitome of a disciplined fund manager who is unshaken by the transitory events, his beliefs are firmly influenced by Warren Buffet and Charlie Munger, a value investor, a man of few words whose plethora of work in the investment industry speaks on his behalf.

Rajeev Thakkar possesses over two decades of experience in various segments of the Capital Markets such as investment banking, corporate finance, securities broking and managing clients' investments in equities. He is the face of PPFC( Parag Parikh Flexi Cap Fund) and PPTSF (Parag Parikh Tax Saver Fund), which has a track record of strong performance vis a vis their benchmark indices Nifty 500 and Nifty50 since inception.

The funds cater to long term value investors by deploying active management strategies across sectors, market capitalization and geographies.

Since its inception in 2013, PPFC has delivered an annualized return of 21.11% against 16.35% and 15.24% returns by Nifty 500 and Nifty50 respectively.

Since its inception in 2019, PPFTS has delivered an annualized return of 32.51% against 26.82% and 24.03% returns by Nifty 500 and Nifty50 respectively.

The exception was last one year, where the Flexi Cap Fund has delivered annualized return of 57.38% against 62.87% and 58.84% returns by aforesaid benchmarks respectively. The tax saver fund has delivered 49.13% for the said period but gave better risk-adjusted returns vis a vis the benchmarks.

In an interview, he exclaimed that six months before the pandemic he had no clue to predict the fall and the sharp recovery, so there is no reason he could predict the future of the market now.

That said, he is not a believer in playing the momentum game (not a fan of cyclical), his deep-rooted belief in the virtues of value investing, a keen eye for ferreting out undervalued companies by employing a diligent and disciplined approach has been instrumental in the stellar performance of the scheme.

Famous Quote by Rajeev Thakkar

“While the risk-mitigating factors does not work in your favour beyond a point as you go on adding stocks, you may also find it difficult to manage a large holding”

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These Low-Priced stocks are locked in the upper circuit on Thursday, October 28

These Low-Priced stocks are locked in the upper circuit on Thursday, October 28
by 5paisa Research Team 28/10/2021

Some of the low-price shares were seen outperforming the markets in Thursday’s trading session.

The markets are in a panic with the BSE Sensex rattling beyond 1000 points on Thursday.

Despite a red day for the market, IndusInd Bank is the top BSE Sensex gainer up by more than 2.5% on Thursday while ITC is the top BSE Sensex loser on Thursday. The rise in IndusInd Bank shares was on the back of stellar quarterly results reported by the company for the quarter ended September 30, 2021.

Along with IndusInd Bank, L&T, Ultratech Cement, Asian Paints and Maruti Suzuki are only the BSE Sensex gainers. The broader market is seen outperforming the frontline indices in the Thursday trading session with both BSE Midcap and BSE Smallcap trading in red down by 388.37 and 450.92 points, respectively.

Gokul Agro Resources, Sanghvi Movers, Asahi Glass India, Menon Bearings and Krishna Institute of Medical Sciences are some of the top BSE Smallcap index gainers on Thursday.

IRCTC, Sona BLW Precision Forgings, ABB India, Whirpool India and TVS Motors are some of the top-performing BSE Midcap index constituents. Union Bank which outperformed in the previous trading session is the worst performing BSE Midcap stock on Thursday.

BSE Bankex, BSE Realty, BSE Power and BSE Oil & Gas are the weakest performing sectoral indices in Thursday’s trading session.

The price-volume breakout is seen in some of the low-priced stocks on Thursday with several stocks being locked in the upper circuit.

Following is the list of low-priced stocks that are locked in the upper circuit in Thursday’s trading session:

Sr. No   

Stocks   

LTP   

Price Gain (%)   

1  

3i Infotech   

37.6  

4.88  

2  

Brightcom Group   

76.45  

4.94  

3  

Andhra Cements   

19.6  

4.81  

4  

Digicontent   

13.45  

4.67  

5  

Digjam Ltd   

25.25  

4.99  

6  

Rohit Ferro Tech   

17.05  

4.92  

7  

Twentyfirst century   

53.3  

1.91  

8  

One Point One Solutions  

55.15  

4.95  

9  

Praxis Home Retail   

36.9  

4.98  

10  

Atlanta Ltd   

14.15  

4.81  

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These stocks will be in focus on Friday, October 29

These stocks will be in focus on Friday, October 29
by 5paisa Research Team 28/10/2021

The BSE Sensex witnessed a meaningful correction on Thursday even as the NIFTY 50 index slipped below the 20DMA, indicating weakness.

Indian benchmark indices ended lower for the second consecutive session on October 28 dragged by the bank, metal, realty, oil & gas, power and pharma stocks.

At close, the Sensex was down 1,158.63 points or 1.89% at 59,984.70, and the Nifty was down 353.70 points or 1.94% at 17,857.30. On Thursday, 887 shares have advanced, 2313 shares declined, and 116 shares are unchanged.

Adani Ports, ITC, ONGC, ICICI Bank and Kotak Mahindra Bank were among the major Nifty losers. Gainers included IndusInd Bank, L&T, UltraTech Cement, Asian Paints and Shree Cements.

Several stocks however bucked the broader trend and managed to catch investors' attention.

Below are the stocks that are likely to remain in focus on Friday.

Upper Circuit Stocks: Brightcom Group, Par Drugs and Goldstone Technology are some of the trending stocks that were locked in the upper circuit on Thursday. These stocks will be in focus on October 29.

Price Volume Breakout: Asahi India Glass, Bliss GVS Pharma, V-Guard industries, Chambal Fertilisers, Aegis Logistics, Finolex Cables, SKF India, Prism Johnson, Minda Corp, Indusind Bank, Grindwell Norton, India Cements and Sundaram Clayton are some of the stocks that displayed a price volume breakout on Thursday. These outperforming stocks will be in focus on Friday.

52-Week High Stocks: The shares of ABB India, United Spirits and Blue Dart were seen making a fresh 52-week high on Thursday. These outperforming stocks will be in focus on Friday.

Bullish Moving Average Crossover: Hikal, Birla Corp and Timken India are some of the trending stocks that displayed a Bullish Moving Average Crossover on October 27 and have continued their outperformance in the Thursday trading session. These high momentum stocks could be in focus on Friday, October 29.

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Investment Planning: Public Provident Fund vs Mutual Fund

Investment Planning: Public Provident Fund vs Mutual Fund
by 5paisa Research Team 28/10/2021

Appropriate investment planning aids an individual to achieve their life goals and objectives.

In today’s world, investing has become a necessity, if you don’t plan your investments you might end in a financial crisis in future. In life ahead, any uncertainty might come and hit an individual’s life so in order to overcome such events smoothly one should adequately plan their insurance and investments.

Appropriate investment planning also aids an individual to achieve their life goals and objectives. There are lots of investment avenues available in the market in which individual can invest their capital. So many investment options can put an individual in a dilemma of where to invest.

Out of many investment avenues, we will look into the two major ones, such as Public Provident Fund and Mutual Fund. Public Provident Fund is a long-term investment tool whereas, Mutual Fund is a long-term, medium-term or short-term investment tool.

Let’s look at the difference between these two investment options:

Particulars  

Public Provident Fund  

Mutual Fund  

Investment type  

Public Provident Fund is a long term investment tool run by the government, which offers fixed and safe returns to their investors.  

Mutual funds are managed by fund managers, who offers their investor to reap maximum benefits by investing in instruments according to the mutual fund schemes  

Mode of investment  

Investors have to invest at least a minimum amount in order to keep account active.  

One can invest in mutual funds schemes through SIP or lumpsum.  

Minimum Investment Amount  

₹500  

₹100 or ₹500 (for SIP) vary according to mutual fund.  

Returns  

Returns are fixed and safe guaranteed by the government. The prevailing rate of the Public Provident Fund is 7.1% (FY 2021-2022)  

Returns of mutual funds are market-linked and are based on the performance of the mutual fund.  

Maximum Investment Amount  

₹1,50,000  

No upper limit  

Maturity Period  

15 years – you can extend the same by a block of 5 years  

There is no maturity period as such. Investors can hold for long-term or short-term as per their needs and risk exposure and investment horizon.    

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Retail investors, QIBs push Nykaa IPO across the finish line on first day

by 5paisa Research Team 28/10/2021

Online-to-offline beauty products company Nykaa’s initial public offering made a flying start on Thursday with the share sale getting fully covered on the first day itself despite a big drop in secondary markets.

Nykaa’s IPO of 2.648 crore shares, excluding the anchor allotment, had received bids for 4.09 crore shares by 4:30 PM. This means the issue was subscribed 1.55 times.

Subscription was led by both retail investors and qualified institutional buyers (QIBs). Retail investors bid for 1.66 crore shares, or 3.5 times the 47.5 lakh shares reserved for them, by late afternoon. QIBs bid for almost 1.99 crore shares, or 1.4 times their quota of 1.4 crore shares.

Non-institutional investors such as corporate houses and high-net-worth individuals placed bids for about 60% of the 71.29 lakh shares reserved for them.

Meanwhile, secondary markets posted a sharp drop on Thursday. The BSE's 30-stock Sensex fell 1,158 points, or 1.9%, to end at 59,984.70.

Nykaa anchor allotment

Investors’ interest in the Nykaa IPO was evident also from the high demand for its shares in the anchor book. The company mopped up around Rs 2,396 crore from more than 90 anchor investors by selling 2.129 crore shares at the upper end of its IPO price band of Rs 1,085-1,125 apiece.

As many as 21 mutual funds applied for Nykaa shares in the anchor book, accounting for one-third of the total amount.

Several local insurance companies and a wide range of overseas institutions also came in as anchor investors. These include sovereign wealth funds GIC and Abu Dhabi Investment Authority; Canadian pension funds CPPIB, CDPQ and Ontario Teachers’ Pension Plan; and New York-based Tiger Global.

Other foreign institutions that made anchor investors include BlackRock, Fidelity, JP Morgan, Invesco, Morgan Stanley, Goldman Sachs, Nomura and BNP Paribas.

Nykaa intends to raise as much as Rs 630 crore through a fresh issue of shares. The IPO also includes an offer for sale of 4.19 crore shares by a promoter group entity and some of the company’s existing investors.

The overall IPO size is about Rs 5,350 crore. The IPO closes on November 1.

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Closing Bell: Worst fall in six months, Sensex sinks by 1158 points, Nifty ends down by 1.9%

Closing Bell: Worst fall in six months, Sensex sinks by 1158 points, Nifty ends down by 1.9%
by 5paisa Research Team 28/10/2021

Indian markets suffered their worst single-day loss in the last six months.

Domestic benchmark indices fell sharply on Thursday, October 28 posting their worst single-day performance since April 12, 2021. The below-than-anticipated September quarter corporate earnings, continuous selling of Indian equities by foreign institutional investors amid heightened volatility due to monthly expiry of October future and option contracts impacted the investors' sentiment. During today's trading session, the Sensex fell as much as 1,366 points and the Nifty 50 index was down below its important 17,800 level, falling as much as 411 points.

At the closing bell on Thursday, the Sensex was down 1,158.63 points or 1.89% at 59,984.70, and the Nifty was down 353.70 points or 1.94% at 17,857.30. On the advance-decline of shares, around 887 shares have advanced, 2313 shares declined, and 116 shares are unchanged.

The top Nifty losers of the day were Adani Ports, ITC, ONGC, ICICI Bank and Kotak Mahindra Bank. Top gainers included IndusInd Bank, L&T, UltraTech Cement, Asian Paints and Shree Cements.

All sectors ended in the red today, with the Metal index plummeting most around 3.5% followed by Nifty Bank and Realty which were down by 3%. Other contributors to the market decline were Pharma, Media and Financial service.

Data from National Securities Depository Limited showed that foreign portfolio investors have so far this month sold shares worth Rs 9,295.78 crore in Indian markets.

In today's bloodbath, market heavyweight's such as ICICI Bank, Coal India, Axis Bank, Cipla, Tata Motors and HDFC Bank were each down between 3-4%, while SBI, Titan, NTPC, Hindalco, Tech Mahindra, JSW Steel, Eicher Motor, Wipro, Tata Steel, Power Grid, and HCL Tech were down between 2-3% at the closing bell.

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