When Naren talks, We Listen

                           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 - 

Ok, There is risk in Equities and I can't bet big on Gold? What do I do now  

Don't worry, long time equity is still fine, (with Ifs). That's quite confusing! Hold on, Here's the bull case for India as per Naren...
You see "Multi-Decade" Runway, nothing but long term.. But there are problems if you are a short term Investor..
Hmm guess growth comes at a price.. Hence India is a Pricey Market...(IMHO..). 

But Small Caps/ Mid Caps... Here's what Naren says-

You have been in Markets for 20+ Years, Tell me Where Nifty will be returns this year?

When Naren says can't predict, we need to share that humble pie too! But mind you he says - Everything else - Gold/ Silver/ Real Estate - is Pricey too.. Interest Rate don't seem to be falling too..

Despite good Interest rates today, Equity is better but not if you are planning an exit in 3 years from now.. 😉 

Hmm so IT has fallen so much, It should be cheap and we can buy it la?
Relatively cheap.. not exactly cheap.. 

But this Tariff is a Big Problem, right...

Yes its not a India specific problem.. Its like - "Bad Teacher scores everybody cheap, India is still a better Student" Not sure if the Analogy sits in... 🧐

But Pharma is not affected by Tariffs, So It should be a good bet right ?
Good bet but the same ol'problaam... Pricey...!

Hold on! I have friends who have made multi bagger returns ! why is he so cautious? I think its so easy..

Well well.. Multi-Bagger? Its a rare thing from hereon.. Thank your stars if you find one :)

Apde something abt Crypto pls -
Open & shut case, Say no to Crypto!

That's a wrap on today's blog... Happy Week Ahead

For any financial Planning queries, please contact Droplet Wealth at invest@dropletwealth.com.

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