PPFAS mutual fund runs a discussion group called the PPFAS Financial Opportunities Forum – FOF.
At this monthly event, fund managers and analysts from the mutual fund make presentations.
In the most recent event (September 2023), they made a extremely insightful presentation on smallcaps.
I recommend you all watch it…and share your key takeaways.
My key takeaway was that the number of stocks on average in a smallcap mutual fund has increased implying that to deploy the flood of money coming into smallcap funds, the fund managers maybe going down the quality curve. This is scary since low quality mutual funds are the easiest way to destroy wealth.
The other ofcourse was that since smallcap funds are unlikely to return money, investors need to ensure their smallcap allocations are in line with their planned asset allocation.
Happy watching. Here’s the link –
Navigating the Smallcap Landscape: Opportunity and Challenges
Do share your takeaways!
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