Thanks everyone for reading my content and for being so generous for all the likes.
My rationale on Nasdaq ETF - ICICI Prudential NASDAQ 100 Index Fund (6% allocation, 17% profit).
Background: My first SIP in the fund was in October 2022, when Nasdaq was ~10400. My last SIP in Nasdaq was in August 2023 when Nasdaq was ~13700.
In mid-2022 when many of the tech stocks fell 50-70%, I was very interested in buying them individually, particularly the likes of Amazon, Facebook, Alphabet, Spotify, Microsoft etc. However, when I looked at direct options available, it was very costly and sounded complex.
So I decided to go for dumbest/simplest solution of having exposure to innovation i.e. buy Index or ETF Fund. There was some issue with ETFs so I could not buy them (I think due to SEBI ban) so I opted for Index fund.
Story is simple, most of the innovation is and in future will be listed on Nasdaq. I believe this is the best world index with 15 years CAGR of 15%. As per my personal opinion, if one needs to hedge himself/herself on tech disruption then Nasdaq is a must have in someone’s portfolio. In addition, this provides me hedge against rupee depreciation. Its worth noting that over half of gold’s return in the last decade is driven by currency depreciation. Gold in USD denomination has given about 2-3% CAGR for the last decade.
Disclaimer: I am not a financial advisor and nor a SEBI registered Analyst. The content shared here is only for learning purpose. All the names mentioned here are for example purpose. I may buy more, exit or partly sell the stock/bonds without any prior intimation.
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