Parag Parikh Financial Advisory Services has warned its investors that its performance may lag the benchmarks in the near term, as its funds may see some buildup of cash by virtue of not participating in the “hottest sectors of the moment”.
“We are not fans of the concept of sectoral rotation or transitory market jargons like the re-open trade. Indeed, some of the narratives do not make any sense to us,” Rajeev Thakkar, Chief Investment Officer of PPFAS, said in a note on Thursday. Click here to read more