Droplet Wealth

                           Sankaran Naren is the Executive Director and Chief Investment Officer (CIO) at ICICI Prudential Asset Management Company (AMC), since October 2004, initially as a fund manager and then as CIO (from 2011 onward), overseeing investments and flagship fund strategies.  He handles a mind blogging sum 10,65,83,00,00,000 (around 1 lac 10 thousand Crores) in just the four flagship funds with a return profile as below  -  Healthy Reminder - A humble 30K SIP over 15 Years will grow to 2 crores if the SIP compounds at 15%, Here Naren has done better that 15 in almost all the funds So when a giant like Naren talks, We listen and Here's what we heard him say -  Lets begin with Risk, Everybody today is so hunki-dori, Where does the Risk actually lie - Its with People buying High PE stocks and giving exit to Promotors Alright, then I think Gold is not Risky, Here's his opinion on Gold ...

                 Imagine Its Mar 2020, the Covid is at its peak, the Market has crushed. Anything and everything that you bought at that point would be a multi-bagger, 50X, 20X & 5X and what not!                But Markets are markets and aren't we all supremely lucky! Now Imagine buying a wonderful company that had given stellar returns and had barely fallen in Covid crash. We run our minds and say - Hey this is well known company, its products are great and look it hardly corrected even in such might Market crash-  This should be great company to buy and of course you buy!  Bingo, you hit jackpot.  But no Bingo! 5 Years later, here's how the Stock returns look like -  A grand return of 1.83% from Covid Lows! We can as well curse ourselves for not simply doing a RD which might of fetched us a return much higher. Enlighten me! how can a stock perform this bad since Covi...