We had the privilege of hosting the Promoters of Neogen Chemicals Ltd., RACL Geartech Ltd, at our Partners Meet in Mumbai. It was truly insightful to learn about the key drivers behind their success.
Watch the full interview with them here
Read MoreLast week, S Naren, CIO of ICICI Pru MF and a market veteran we respect immensely, warned investors about exuberance in Small and Mid-Caps. His statement “we think it is a clear time to take out lock, stock, and barrel from small and midcap” created quite a stir on social media. “With great power comes great responsibility” and we endorse the general warning that Naren is dispensing to the price agnostic retail investor.
However, our views on investing in Small and Mid-Caps today are more nuanced, and we share our specific stance on this subject below.
Read MoreInventurus Knowledge Solutions, a company promoted by Sachin Gupta and the late Rakesh Jhunjhunwala in 2006, is expected to list in the next 2 weeks. The grape vine has the IPO valuation of the company pegged at between 20000-25000 Cr. If we take the mid-point of that range, the original investment has compounded ~ 340x for the Jhunjhunwala family in the last 17 years, an IRR of 41%. This adds to the long list of 100 bagger returns generated by him.
Why can’t more of us be like him? Other than the ability to see the future with more clarity, what attitude is needed to earn such returns?
Stillness by deliberate choice. Read MoreWe have put together a brief note explaining optimism around manufacturing companies even though they have structurally lower ROE vs Consumer companies and hardly generate free cash flow at present.
Read MoreWe have put together a brief note explaining how we decide the composition of small, mid, and large caps in the portfolio.
Read MoreWe have put together a brief note explaining why we are not selling despite our concerns around over valuation in Small and Microcaps.
Read MoreEnclosed note discusses our approach to building the firm.
Read MoreWe have put together a brief note to explain our perspective on portfolio churn.
Read MoreEnclosed note discusses our approach to portfolio positioning .
Read MoreRakesh Jhunjhunwala, India’s favourite investor, passed away yesterday at the young age of 62. The world knows him for his wealth, his passion for investing and for his wit. I am privileged to share a side of him not many knew by virtue of my association at his family office “RARE” between 2006 to 2014 and the mentoring I benefited from till his last days.
Rakesh “Bhaiya,” as he was affectionately referred to, was perhaps the strongest believer in the India growth story that I have known. His reasoning was India’s democratic roots and consensus-based approach meant growth would be more long lasting and gain momentum with reforms.
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