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Sunday, December 3, 2023

Edelweiss’ CEO Radhika Gupta tweets about what she learnt about investing from a humble khichdi

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The CEO of Edelweiss Mutual Fund, Radhika Gupta, says the core of our portfolios should be funds and firms that are healthy for us. She has recently tweeted on what she learnt about investing and other things in 2021.

After returning from a 15-course feast, Radhika Gupta says she liked the humble khichdi the most.

The CEO of Edelweiss Mutual Fund, wrote on Twitter on Dec. 26, Sunday, “Let’s not forget that the core of our portfolios should be dal-rice – fundamental, uncomplicated funds and firms that are healthy for us. To be fair, Edelweiss Mutual Fund administers funds in nearly every area, not simply ‘dal-rice.’

The firm has funds dedicated to investing in offshore markets as well as freshly listed IPOs.

What according to Gupta is the best multibagger stock of 2021? It wasn’t a little-known Raghuvir Synthetics or Tata Teleservices that delivered 4,635 percent returns or Tata Teleservices that had 1,936 percent year-to-date returns, according to Gupta.

Gupta stated, “The best investment isn’t in a mutual fund or a stock. Debate the pricing, but what inspires me about the IPOs is how Indian entrepreneurs, often from poor beginnings, are developing amazing firms and achieving significant personal wealth. Freshworks brought us hundreds of new crorepatis, and Nykaa gave us a female billionaire.”

In a string of tweets regarding 2021 learnings, Gupta said, “The biggest asset of any young person attempting to make a fortune in the markets is their talent. Make use of it to amass fortune. It’s a multibagger that the market can’t compete with.”

Freshworks and Nykaa were two of the most talked-about initial public offerings (IPOs) in 2021. The former, which went public in New York, turned 500 of its employees into crorepatis.

Falguni Nayar of Nykaa, on the other hand, became a billionaire with a fortune of $6.6 billion.

The emergence of new-age IPOs has compelled analysts to establish methods for analysing such companies, whose business plan defies categorization. In fact, their business concept appears to do something no one has ever done before.

New firms and business models were listed, challenging our minds that had previously been habituated to ‘constant compounder frameworks.’

Making comparisons about how one meal delivery was worth more than all real estate and hotel companies was the easiest thing to do, according to Gupta, and ignoring the section.

Not all of these concerns were good or terrible, but the mind requires an open yet honest attitude to understanding how to respect the new age beast, which isn’t going away anytime soon.

Gupta also stated that patience can be a virtue when it comes to investing. She said, “I grew up with middle-class parents who made small sacrifices in their own lives so that we may have a better one. Money, when well invested, allows for a peaceful life. However, the pandemic has underlined the fact that life is much more than money. You should save money and invest it, but always remember to have fun with it.”

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