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Investment opportunities in Fixed Income Space
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How to evaluate PSU companies
PSU’s can be a hit & miss while investing. PPFAS Mutual Fund CIO, Rajeev Thakkar walks us through various aspects while studying government owned businesses in India.
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Decoding Plastic Pipes industry in India
In this video, Raj Mehta gives an overview of the Plastic Pipes Industry of India and their evolution. This is the 3rd part of the Building materials series (1st part being tiles industry and 2nd being paints industry). He talks about various product categories as well as the major players & their strategies. He also […]
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Global Snacking Industry
In this video, Raj Mehta gives an overview of the packaged foods industry of India as well as globally. He talks about various sub categories as well as the major players & their strategies. Disclaimer: Most of this industry is unorganized and it is difficult to get authentic industry data. Sources for all the data […]
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Decoding Auto Ancillaries
This presentation is an attempt to decode the way that the Auto Component Industry operates and what factors should an investor keep in mind when investing in this industry.
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Understanding the Digital Advertising Business
From Mad Men to Mad Tech, the Digital Advertising industry has seen a remarkable growth & evolution in the past decades. Fund Manager Raunak Onkar, walks us through these changes.
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NeoBanks – Future of Banking
In this video we discuss how the Banking Industry has evolved globally, Concept of NeoBanks and try to understand if they are ready to overtake traditional banks.
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Understanding the Hospital Industry in India
The hospital industry is emerging rapidly due to progression in technology, increasing penetration in health insurance and growth in various lifestyle diseases across the country. Existing hospital chains are attracting fresh investment from domestic as well as international players to fund expansion in terms of investment in next-generation tools for diagnosis, geographical expansion, with a […]
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Business and Capital Market Environment
Rajeev Thakkar provides a few glimpses into the variables driving today’s markets… and also looks ahead to how the transition to green energy may pan out.
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Evolution of Indian Broking Industry
Yashodhan Nerurkar – Research Analyst talks about how the Indian broking industry has come a long way from a era where brokers met physically to execute trades to an era which is led by a digital revolution; what the future looks like… and who would survive – discount brokers or traditional brokers or both?
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The World of Consumer Durables: Fast Moving Electrical Goods
An overview of the fast moving electrical goods industry along with a snapshot of some of the listed players. Please Note: A portion of the video (between 22:34 and 23:44 minutes) has been intentionally blurred.
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Understanding the World of Artificial Intelligence
Companies across sectors are talking of investments and increased productivity from Artificial Intelligence/Machine Learning (AI/ML). In this talk, Rukun Tarachandani (PPFAS MF – Fund Manager) takes a look at why & how AI/ML is making a difference to business, the challenges that companies face in adopting AI/ML and the companies that are trying to address […]
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Understanding the Gaming Industry
Gaming has become our extended virtual life & Fund Manager Raunak Onkar walks us through some of the developments in the Gaming Industry & how the business of gaming works.
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Food Services Industry in India
In this video, Raj Mehta gives an overview of the Food Services Industry (FSI) of India and more specifically the QSR space. He also discusses the key metrics to keep a track of in the QSR industry and compares various players present in the industry. He compares them to the business models of global brand […]
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Valuing Newly Listed (Loss Making) Unicorns
CIO Rajeev Thakkar speaks about how to make sense of the valuations of newly listed, loss making companies. Blog suggestion by Rajeev Thakkar: https://sajithpai.medium.com/exhaust-fumes-or-understanding-startup-valuations-610897d7bcf8 Sebastian Mallaby’s book: https://neckar.substack.com/p/a-history-of-systematic-serendipity?utm_source=url&s=r
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Indian Power Sector 2.0
Research Analyst – Yashodhan Nerurkar talks about the evolving landscape of the power sector, the role of exchanges & the importance of a well developed electricity transmission grid to facilitate a vibrant power market in India.
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The Business of Cybersecurity
Fund Manager, Raunak Onkar speaks about the different aspects of the Cyber Security industry & discusses the players, the business models & how it affects enterprises & all of us on a daily basis.
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Love China or Hate China, you cannot ignore China
Rajeev Thakkar discusses the economy of China, how different leaders of the same party have performed, some of the leading Chinese companies and… why he may not consider investing in them, as of now. We also recommend you watch this documentary on Li Lu, titled “Moving The Mountain”: https://youtu.be/L6kQmoAke2A
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D2C Brands in India
Raj Mehta talks about the history and the evolution of the D2C Brands in India. He talks about how these new age companies are disrupting existing business models and in which segments we are seeing these companies flourish. He also talks about how these brands evolve through their life cycle and how does the marketing […]
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The World of Industrial Automation
During the September 2021 edition of the FOF, Raunak Onkar covered the evolution & progress of Industrial Automation and shared plenty of resources to understand its impact on the economy & society.
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Synopsis of the Electric Vehicle Ecosystem
Research Analyst – Rohil Gandhi, CFA summarises the: 1. Progress and Challenges of adopting Electric Vehicles in India 2. Economics of the Battery Manufacturing business, and 3. Methods of investing in this highly disruptive electrification journey of India
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Blockchain, Crypto, DeFi & other Mumbo Jumbo
Rajeev Thakkar lucidly explains the basics of three terms which have entered our lexicon relatively recently… Resources: https://bitcoin.org/en/https://ethereum.org/en/https://www.sec.gov/Archives/edgar/data/1679788/000162828021003168/coinbaseglobalincs-1.htm
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Understanding The Global Semiconductor Industry
From How Chips are made to Why we face Chip Shortages, Fund Manager – Raunak Onkar introduces us to the economics of The Global Semiconductor Industry.
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The Food Delivery Industry – A Global Overview
A comprehensive view on the growth drivers, cost structures & competitive challenges for food delivery industry, keeping in mind, the upcoming Zomato IPO. Rohil Gandhi.
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Alcoholic Beverages Industry in India
Raj Mehta discusses the drivers for growth in the industry along with the key players, sub-segments, variables and regulations to keep a track of. Even though some companies are discussed, it is not a recommendation to Buy or Sell.
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IT Services & The API Economy
Mr. Raunak Onkar, speaks about the opportunities available for the IT Services sector, how the API Economy works & how it has helped software to take over all aspects of our digital & physical lives.
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Making sense of the last 12 months and the way forward
Our CIO, Mr. Rajeev Thakkar speaks about the behavior of the markets & its participants over the last 12 months, what it taught us & how to deal with what comes next.
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Overview of the Paints Sector
Raj Mehta explains the dynamics of the Paints industry and the competitive scenario within the industry. He also compares the top 4 players in the industry and what factors can be crucial to track for the sector.
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Financial Data as a Service
Raunak Onkar speaks about the dominance of various financial intermediaries who have built strong data networks to provide vital financial information to users & effectively have transformed themselves into strong financial data platforms.
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Understanding REITs and InvITs
In this presentation, we evaluate REITs and InvITs as an alternate investment opportunity and how it can give a good diversification alternative in your portfolio. We look at the basics of REITs & InvITs, regulatory landscape, taxation, how have REITs performed globally, current & potential listings and the track record of listed REITs and InvITs.
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What is it all about? | Factor Investing – Ep. 1
FOF is now simulcast every month in Bengaluru, New Delhi and Pune too. Click here to know more about FOF and subscribe… Presentation file: https://amc.ppfas.com/pdf-docs/fof/2020/factor-investing-episode-1-what-is-it-all-about%20.pdf
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Equity Risk Premium & Corroborative Factors | Factor Investing – Ep. 2
FOF is now simulcast every month in Bengaluru, New Delhi and Pune too. Click here to know more about FOF and subscribe… Presentation file: DOWNLOAD
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Value Factor | Factor Investing – Ep. 3
FOF is now simulcast every month in Bengaluru, New Delhi and Pune too. Click here to know more about FOF and subscribe… Presentation file: DOWNLOAD
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Size Factor | Factor Investing – Ep. 4
FOF is now simulcast every month in Bengaluru, New Delhi and Pune too. Click here to know more about FOF and subscribe… Presentation file: DOWNLOAD
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Momentum Factor | Factor Investing – Ep. 5
FOF is now simulcast every month in Bengaluru, New Delhi and Pune too. Click here to know more about FOF and subscribe… Presentation file: DOWNLOAD
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Beta Factor & Putting it all together | Factor Investing – Ep. 6
FOF is now simulcast every month in Bengaluru, New Delhi and Pune too. Click here to know more about FOF and subscribe… Presentation file: DOWNLOAD
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India Is Opening Up And so is the world
Mr. Rajeev Thakkar, CIO – PPFAS Mutual Fund, believes that both, #India and the world have reached a juncture where Governments are cautiously veering towards the belief that the desire to protect lives should be balanced by the need to protect livelihoods. Presentation file: https://bit.ly/2AqnDOf Source of the graphs used in video: https://www.worldometers.info/coronav…
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Predictable Surprises – COVID 19 version
Using the framework of Predictable Surprises to understand the current situation. Presentation file: https://bit.ly/3efDxdz
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Tanishq vs Tiffany – a comparison of two jewellery companies
Raj Mehta discusses the global jewellery sector and compares the business models of Tanishq and Tiffany. Disclaimer: The data presented might not be accurate due to lack of authentic industry data.
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Platform Companies or Modern Monopolies?
Platform Companies are different from traditional businesses. Raunak Onkar discusses how technology-enabled Platform Businesses operate, scale & compete and how businesses can embrace technology to effectively compete in the modern economy.
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What can value investors learn from quants?
The talk discusses the latest book on Jim Simons “The man who solved the market” and the increasing use of computing power and alternative data in investing in the quest for better returns.
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Flight to Safety: A look into Boeing & Airbus’ Duopoly and Impact on Indian Airlines
Rohil Gandhi discusses the Value Chain of the Aerospace Industry by doing an in-depth analysis of Boeing & Airbus’ business models and Impact on Indian Airlines due to recent disruptions.
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Views on the Logistics Sector in India
Are logistics companies becoming more like platform companies? Raunak Onkar discusses his views on the logistics space in India.
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Return of the boy who cried wolf
Proactively build scalable web services and cross-platform value. Objectively embrace client-focused relationships without empowered vortals. Appropriately revolutionize virtual action items through client-centered infrastructures.
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The business model of ride hailing – Uber, Lyft etc.
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Discussion on the tiles sector and overall building materials industry
Nitty gritties of investing in building material companies and more specifically the tile companies. The talk covers the competition from unorganised players, export potential for companies in the industry, premiumisation trends, and the impact of recent regulation changes on the industry.
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Breaking Bad with the Chemicals Sector
Chemicals Sector has been a wealth creator over the past decade. At our May 2019 FOF, Raunak Onkar speaks about how to analyse Chemical Businesses, the tailwinds & challenges ahead for the Industry. Please find the PDF Slides here: http://bit.ly/2VMVUkv
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Main hoon kaun (con)? – Anatomy of a Con Artist
Not all cons are alike. Each new con reveals a new way to dupe someone. At the April 2019 FOF, Rajeev Thakkar speaks about many international con-artists who have been implicated in financial frauds. He also discusses their process & some common patterns to identify such characters which might help to avoid getting conned.
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Understanding the Dairy Industry in India
Raj Mehta talks about the Dairy Industry in India. The talk spans across the history of the industry, different products & it’s market size as well as the variables an investor needs to take into account before investing in these companies.
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Understanding the Diagnostics Lab Business
Raunak Onkar takes a look at the Diagnostics Lab business. An easy to understand, a scalable, cash-generating business model with limited entry barriers.
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Investing in Cyclical Businesses
Our Guest Speaker, Mr. Jiten Parmar talks about his experience & what investors should be aware of when investing in Cyclical Businesses.
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Road to Zero
CIO of PPFAS, Mr. Rajeev Thakkar speaks about disintermediation in financial services.
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Looking back at the Telecom Sector
The Indian Telecom sector has seen a gut-wrenching consolidation in the past two years. Raunak Onkar speaks about what’s different now, discusses the trends & possible investment themes. Disclaimer: Viewers should assume that PPFAS’s Clients, PPFAS, its Directors, Employees have investments in the stocks and Mutual funds that are spoken about (long investment positions). We […]
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On the eve of the launch of India’s first REIT, Rajeev Thakkar explains the nuances…
On the eve of the launch of India’s first REIT, Rajeev Thakkar explains the nuances… Disclaimer: Viewers should assume that PPFAS’s Clients, PPFAS, its Directors, Employees have investments in the stocks and Mutual funds that are spoken about (long investment positions). We do not short stocks or indices. We do not speculate in Futures and […]
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A quick look at Online Travel Agencies (OTA’s)
Mr. Raunak Onkar talks about Online Travel Agencies (OTA’s) If you’ve ever had 50 browser tabs open while planning a vacation online, this talk will help you to understand various components of the Online Travel Business & related business models. Disclaimer: Viewers should assume that PPFAS’s Clients, PPFAS, its Directors, Employees have investments in the […]
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Life Insurance (Part 2) – Revisiting the Sector…
Life Insurance (part 1): https://youtu.be/1KEPCz2dlq0 Life insurance companies are few and far between in the listed space. Some of the big names are HDFC standard life, Max life, ICICI prudential life, and SBI Life. The way to ascertain value is not based on price to earnings but embedded value. The embedded value is determined by […]
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Points to consider while investing in AMCs
Rajeev Thakkar elaborates on what to look for, while investing in an Asset Management Company Extract from ‘Rajeev Thakkar discusses the business aspects of Asset Management'(Financial Opportunities Forum [October 24, 2017]) Disclaimer: Viewers should assume that PPFAS’s Clients, PPFAS, its Directors, Employees have investments in the stocks and Mutual funds which are spoken about (long […]
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The Newspaper Business…
Continuing with the Media series, after discussing the Video & Audio streaming business, Raunak Onkar discusses the Newspaper Business. One of the oldest subscription services known to us, the newspaper business has gone through a tremendous transformation just like the other media businesses. In this video, Raunak tries to capture some of those key changes […]
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The Music Streaming Business
At Financial Opportunities Forum (Apr 18th, 2018) Raunak Onkar discusses how the Music Industry has evolved with the adoption of technology and how it has changed the way we listen to music. Disclaimer: Viewers should assume that PPFAS’s Clients, PPFAS, its Directors, Employees have investments in the stocks and Mutual funds that are spoken about […]
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Predictable Surprises in Investing
On March 20, 2018, at Financial Opportunities Forum, Rajeev Thakkar speaks about how Predictable events can be identified by carefully studying trends in different industries and businesses to derive investment ideas and insights about the future. Disclaimer: Viewers should assume that PPFAS’s Clients, PPFAS, its Directors, Employees have investments in the stocks and Mutual funds […]
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A look at Private Equity Investments in the Indian Market
Mr. Rajeev Thakkar takes a look at how Private Equity businesses have shaped the business & investment climate in the Indian context. Private Equity investors have been involved in the Indian capital markets for a while now. They not only affect operational performance at many of their invested companies but also affect the market valuations […]
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The current state of the Auto sector
Rajeev Thakkar on the current state of the auto sector…He also dispels a few ingrained notions about Maruti Suzuki and dwells on its parent, Suzuki Motors. Presentation is available here for download: https://amc.ppfas.com/pdf-docs/fof/au… Disclaimer: Viewers should assume that PPFAS’s Clients, PPFAS, its Directors, Employees have investments in the stocks and Mutual funds that are spoken […]
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The evolution of the Media Value Chain
Raunak Onkar talks about the evolution of the Media Value Chain as streaming & subscription services have started to dominate viewers’ wallet share & argue about its effect on linear TV consumption. The presentation is available here for download: https://amc.ppfas.com/pdf-docs/fof/ra… Disclaimer: Viewers should assume that PPFAS’s Clients, PPFAS, its Directors, Employees have investments in the […]
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Retail Payments Industry
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A Discussion on the Pharma Sector
If you’ve ever felt the Pharma sector is too difficult to understand, you’re probably right. With a lot of moving parts & uncertainty about the future direction, it’s tough to guess the fortunes of the sector. Raunak Onkar discusses the Pharma Sector in reasonable depth to help build a base to track the sector.
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“I don’t know” – Investing for “I don’t know” dummies
Equity returns are different in nature in different contexts and opportunities in markets. Typically returns are multiplicative in nature. Very frequently it’s not additive/asymmetric returns. These are situations where market presents rarely but can be rewarding. In concentrated portfolios, Asymmetry returns do arise. Probability plays an important role in the portfolio. for example, if out […]
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Real Estate, Infrastructure and Commodities – For the 2017 Bull Market
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How ‘Creative Destruction’ in the auto industry may impact you!
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The Gloom & Boom in Offline Retail
Raunak Onkar, Head of Research at PPFAS Mutual Fund, speaks about the state of modern, physical retail stores in the wake of store closures and bankruptcies.
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Physiology of Finance (Behavioural Finance on Steroids)
Mr. Rajeev Thakkar talks about Physiology of Finance (Behavioural Finance on Steroids) at the recently held Financial Opportunities Forum Event.
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Cloud Computing Technology & its impact on traditional businesses
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Rajeev Thakkar discusses the business aspects of Asset Management
Mr. Rajeev Thakkar, CIO, PPFAS Mutual Fund discusses The Asset Management Companies in India. There are 44 asset management companies in India. Based on AUM alone, one cannot decipher whether the AMCs’ are profitable or not. Many aspects such as AMC assets composition, type of schemes, expense ratio need to be looked at, to assess […]
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Raj Mehta talks on Ind AS and its implications on listed companies
The new accounting standards IND AS will have implications on earnings, revenues and valuations of companies. Some of the changes are only cosmetic in nature while some of them might have some deeper implications. Its effect on each of the company/industry might be different and needs to be evaluated individually.
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The Weapons of Mass Distraction
Technology is generally supposed to improve our productivity, but when we walk around with our hand held distractors, it becomes difficult to justify the productivity gains. At this month’s FOF, Thursday, January 19 2017, at the Garware Club House – PPF Hall, 5th Floor, Wankhede Stadium,’D’ Road, Churchgate, Mr. Raunak Onkar discusses the evolution of […]
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Renewable energy and electric cars: The way forward
Rajeev Thakkar, CIO of PPFAS Mutual Fund discusses renewable energy, electric cars and the way forward. There was a time, when mobile technology was in its nascent stage and most were skeptical about its cost effectiveness. Today, the convergence of internet, e-mail and mobile technology has made it possible to transact online, connect to people […]
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An overview of the Telecom Industry
With the telecom wars in the news recently we take a look at the sector as a whole, some historical context & see how it can help us find new investment ideas.
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Multibagger or Falling Knife
Presentation by Mr. Rajeev Thakkar, CIO, PPFAS Mutual Fund at the Financial Opportunities Forum held on October 20, 2016.
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Multibagger or Falling Knife – Presentation by Rajeev Thakkar
Presentation by Mr. Rajeev Thakkar, CIO, PPFAS Mutual Fund at the Financial Opportunities Forum held on October 20, 2016.
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An overview on Telecom
With the telecom wars in the news recently we take a look at the sector as a whole, some historical context & see how it can help us find new investment ideas.
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An overview on Telecom
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A discussion about Business Failures
We normally study why & how businesses are built & scaled which seems like a positive bias for looking at reality. With this discussion, let’s take a look at how & why businesses fail with some examples from the recent past.
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Life Insurance (Part 2). Revisiting the Sector…
Life Insurance (part 1): https://youtu.be/1KEPCz2dlq0 Life insurance companies are few and far between in the listed space. Some of the big names are HDFC standard life, Max life, ICICI prudential life and SBI life. The way to ascertain value is not based on price to earnings but embedded value. The embedded value is determined by […]
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A very ‘Interest’ing Topic by Rajeev Thakkar
At the Financial Opportunities Forum held on 28th July 2016, Mr. Rajeev Thakkar discusses the negative interest rates around the world and its impact on investing.
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Don’t mess with the public – Lessons from Valeant Pharmaceuticals
Valeant pharmaceuticals was a darling of the Pharmaceuticals space in the U.S and Canada. Its model seemed flawless with it focusing on acquiring products and companies and demonstrating pricing power. Example it would hike prices for key drugs which it acquired and then marketed by 1000 % (13.50 $ to 750 $ for a particular […]
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Money & Banking – Presentation by Rajeev Thakkar
Traditional banking is here to stay but there are disruptive innovations which are changing the landscape in some ways. Payment gateways and digital banking are becoming popular with the advent of smart phones and apps. It is interesting to note how these new payment mechanisms and applications will change the way banking is done in […]
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Raunak Onkar discusses Alibaba, Jack Ma & the scale of e-commerce in China
Raunak Onkar discusses Alibaba, its founder Jack Ma and scale of Chinese e-commerce business.
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Raunak Onkar discusses Alibaba, Jack Ma & the scale of e-commerce in China
Raunak Onkar discusses Alibaba, its founder Jack Ma and scale of Chinese e-commerce business.
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Raunak Onkar compares Royal Enfield v/s Harley Davidson
Raunak Onkar tries to understand the biking culture & compares two iconic touring bike brands Royal Enfield & Harley Davidson. Disclaimer: Viewers should assume that PPFAS’s Clients, PPFAS, its Directors, Employees have investments in the stocks and Mutual funds which are spoken about (long investment positions). We do not short stocks or indices. We use […]
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Mr. Rajeev Thakkar on R. C. Bhargava’s ‘The Maruti Story’
Rajeev Thakkar shows us the history of India’s People’s car – Maruti – through the lens of R. C. Bhargava’s book – ‘The Maruti Story’.SHOW LESS
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Raunak Onkar compares Royal Enfield v/s Harley Davidson
https://youtu.be/PVb4FRKUrmI Raunak Onkar tries to understand the biking culture & compares two iconic touring bike brands Royal Enfield & Harley Davidson.
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Raunak Onkar discusses CCD Vs Starbucks
Raunak Onkar compares the biggest coffee chain in India with the biggest coffee chain in the world.
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Why are you overweight on Google?
Rajeev Thakkar elaborates upon the weightage of Google in PPFAS Long Term Value Fund’s portfolio, at PPFAS Mutual Fund’s 2015 Unitholders’ Meet in Bengaluru..
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Why have you invested in Maharashtra Scooters?
Mr. Rajaav Thakkar elaborates on why we have invested in Maharashtra Scooters at Bengaluru AGM 2015.
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Where the global economy is headed? Some numbers and charts.
Commodity prices crashing, oil at multi year lows, china slowdown, so where is the global economy headed? Let’s look at some facts. China is still growing at 6.9 percent and only stock market has corrected from peak but at a fast place. The economy is still growing on a large gdp base. In past 12 […]
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Rajeev Thakkar talks about InterGlobe Aviation Ltd. (Indigo) and Aviation Sector
FOF is now simulcast every month in Bengaluru, New Delhi and Pune too. Click here to know more about FOF and subscribe… Financial Opportunities Forum: December 10, 2015 Airline stocks have not delivered decent double digit returns for investors. However, there are exceptions to this trend. Many factors do affect the profitability of airline companies and one […]
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Exponential Technologies
In this presentation, Raunak Onkar discusses Exponential Technologies available today, that multiply under the radar and how their confluence eventually grows big enough to disrupt well established business models. This is the template in which technology progresses from invention to innovation.
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Power sector and its menace in India
Power sector and its menace in India India is a power deficit country and despite this, there is rampant idle capacity, inefficient distribution companies and lack of payments by users to the electricity companies. The major issue facing power companies is late payment by users or incomplete payment for the power utilized by the users. […]
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Amazon: The google of E-commerce
Mr. Rajeev Thakkar talks about Amazon at Financial Opportunities Forum. Amazon is a gigantic e-commerce company that is built around strong moats such as huge volume, ware-housing capacity in different regions and around the globe and high market cap in the stock market. So, Is Walmart still a buy over Amazon? The answer lies in […]
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Rajeev Thakkar explains the Greek crisis
The Greece problem: Greece is running a high deficit at the government level and has borrowed from the IMF and European Central bank. The new government which has been elected was on the premise of no compromise with the creditors. However, the people of Greece, majority of them want a compromise and ensure stability in […]
