Suggested InvestmentHorizon: >3 years
Time taken to doublemoney: 0.10 Years
“Today, there is unbounded optimism, and there is a big upmove in many sectors, segments and stocks where we are NOT invested in,” Thakkar said. PPFAS has not invested in sectors such as metals, specialty chemicals, state-owned entities, airlines, hotels and state-owned and corporate banks, Thakkar said.
He also scoffed at market’s notion that Covid-19 winners such as pharmaceuticals and information technology stocks are “over and done with,” arguing that trends in these sectors may last decades.
PPFAS has been one of the few success stories of the mutual fund industry over the past year, as its assets under management has risen from merely Rs 2,134 crore in May last year to nearly Rs 12,000 crore last month.