ithoughtpms

@ithoughtpms started really small, and very slow. Our flagship scheme, #SolitairePMS was a slow starter, which stuck to its philosophy, weathered Covid and gradually came into its own. We knew the product’s potential and patiently waited for that to become very visible to the world. Our good fortune is that investors believed in us when we had very little to show. So, when we crossed Rs.1000 cr AUM in #SolitairePMS on Friday, it was a special moment for us. We saw a scaleable product right at the beginning, and we see significant scope to scale up even now. From here, it is a new beginning for us. We are ready to grow patiently with our investors. And, we will do it exactly like we did to get here. The best is yet to come!

My entire experience as a professional had one running, obsessive pursuit. To create a solution in #multiasset investing. When i ideated @ithoughtadviser , many people wondered why i did not start a PMS then . Friends in the industry chided me for going into #mutualfunds. But, my goal was clear. I wanted to create investment solutions. And, I wanted to do it through products. For a decade, i worked very hard on studying the Indian product ecosystem. I created solutions using mutual funds. These worked extremely well. But, we impacted barely 1000 clients. I definitely wanted to create more meaningful impact. Then, @ithoughtpms happened. This was a moment to create our own product in #multiasset investing. We had a decade of hard work, real time investing and ground research backing us. We created #SpherePMS, a unique product that helps people manage their corpus needs better. Be it #retirement, family wealth, #trust or #endowment needs, we had a product that was a one-stop stop. Importantly, it was a scaleable idea which could deliver lasting value to clients at a very reasonable cost. Importantly, we were agnostic to what goes into the product. Direct equity, mutual funds, ETF’s, global funds, global ETF, precious metals, debt and gilts were all melded into one product. The product was dynamic and adaptive- we had ample proof of that from our professional experience in mutual funds and my personal learnings in equity. The product solution has worked remarkably well. No #multiasset mutual fund can match its versatility. It clearly offers more value to a discerning and yet conservative investor. And, it is priced keeping the investor’s interest. Clearly, I would rate this product the best work of my career. And, together with my team, we are now taking it to the next level.

2023-24 was a very good year for all of us. Good years are the best time to prepare ourselves better. My focus has been on preparing myself, my colleagues, our process and our products for the future. Team @ithoughtpms is well set for the next financial year. We look forward to 2024-25. Thank you all for your support to our work. As always, we will put our heads down and focus on what we do best - work.

Any portfolio's future prospect depends on what it's current composition is. It's past performance has no bearing on the future if the portfolio has significantly changed or if the returns are already front-loaded. Investment management tends to produce lumpiness of returns and will always vary in its consistency. Investors whom I always looked upto had lumpy returns. My own experience has also been no different. The common thread was that one took a few years to build a fresh portfolio or to reconstruct it after a good run when significant changes were necessary. Whether one wears the hat of an investor or investment manager, he has to keep working continuously on making portfolios better, sharper and outperformer in the future. It is #360degreeInvesting that one practises all the way. The approach doesn't change whether you are investing for yourself or for others. @ithoughtpms #TruBluPMS #SpherePMS #SolitairePMS

The #SolitairePMS performance for October. @ithoughtpms crossed 500 clients in SolitairePMS. We thank our clients for the continued support.

This is an @ithoughtpms very close to my heart. The reasons are actually very simple. We are trying to build a product everyone, me included, loves to own. Yet, few do. A product that simply owns companies for a very long time, does not charge for anything but performance, focuses only on bluechips and stays within the #Nifty50 stock universe. Simple products are usually the most difficult to curate. And, that's why we are quietly building this product. I believe it will be a very significant personal investment for me in the future. I have begun my #TrubluPMS journey and am going a very long distance. How about you? PS- TRUBLU is a far superior way over index investing. And, it's way more accountable than the index. And, its still all about just the Index.

This is the August performance of our smallcap product, #VrddhiPMS. We are definitely investing with great caution right now. Our deployment has fallen significantly as the markets rose very quickly. We will be measured in our investing from here. While we remain bullish for the long term, we will invest with great caution. @rohitkrishnan @rajatsetiya @ithoughtpms