Rajeev Thakkar - A disciplined fund manager
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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