00:00foreign
00:04so
00:06mid cap and small cap
00:08last to last year
00:10large cap
00:12but how are the valuations
00:14in large cap?
00:16you should tell the percentage
00:18that you should be invested
00:20but how are the valuation of large cap fund?
00:22Is it better?
00:24I love large cap
00:26and we have always said
00:28that if you need stability
00:32in your portfolio
00:34then large cap is very necessary
00:36now we are on asset allocation
00:38people are very quickly
00:40that now large cap
00:42or small cap
00:44and the patience
00:46the amount of time
00:48you can see last year
00:5010% of the return
00:52and small cap
00:54so a lot of people moved
00:56if you look at the last year
00:58where did you go?
01:00where did you go?
01:0226% of the flexi cap
01:0423% of the multi cap
01:06in fact small cap
01:08and mid cap
01:1015% of the return
01:12so people moved to safer heavens
01:14but going forward
01:16I always tell people
01:18that large cap will give you that kind of stability
01:20large cap will save you volatility
01:22there is a lot left
01:24if we talk about the fraud
01:26then there is a negative
01:28of about half a percent
01:29in large cap
01:30left
01:3150-50
01:32if we look at large cap
01:33there is also a half percent
01:34of the fraud
01:35left
01:36negative
01:37small cap
01:38there is a negative
01:39fraud
01:40for example
01:41index value
01:42and reasonable
01:43small cap
01:44there is about 12%
01:45negative
01:46and mid cap
01:47there is about 4%
01:48negative
01:49so small cap
01:51mid cap
01:52and large cap
01:53if we look at a proportion
01:54and set the objective
01:56and we look at what return
01:57we need
01:59so I think
02:00all the three components
02:01at the right mixture
02:02is very very important
02:03to you
02:04if I go above some asset classes
02:06sir
02:07first of all
02:08we talk about gold
02:09silver
02:10besides international funds
02:11and international funds
02:12also
02:13to keep the portfolio
02:14diversify
02:15for example
02:16experts suggest that
02:17you should also have assets in your portfolio
02:19but the question is
02:20that the price
02:21and the valuation
02:23is
02:24how much share in assets
02:26in the portfolio
02:28should be in the portfolio
02:29because when the price goes very quickly
02:31the investors attract
02:32like
02:33the sun
02:34and the sun
02:35and the sun
02:36have started
02:37rapidly
02:38in the portfolio
02:39in this time
02:40gold and silver
02:41ETFs
02:42will be in the portfolio
02:43but
02:44question is
02:45how much?
02:46I mean
02:47this is such a question
02:48that
02:49every conversation
02:50comes to me
02:51about what to do
02:52gold and silver
02:53right
02:54you know
02:55we talk about metals
02:57we talk about metals
02:58we talk about metals
02:59we talk about metals
03:00we talk about metals
03:01we go back
03:02and understand
03:03how does this metal function
03:05and what is our objective
03:06what is our objective
03:07we ask clients to ask you
03:08what is your objective
03:09we have seen some data points
03:12we have seen
03:13we have seen
03:14that
03:15gold has staggered return
03:17very good
03:18if you see
03:19in 2015
03:20gold has 70%
03:21return
03:22right
03:23but
03:24in 2011
03:25gold has given
03:2638-39%
03:27return
03:28right
03:29in 1991
03:30gold has 32%
03:31return
03:32so if I have 5-6 years
03:33like this
03:34gold has phenomenal return
03:35then
03:36in subsequent
03:37year
03:38its return
03:39now
03:40you will see
03:41how the return
03:43is
03:44but
03:45in 2011
03:46it has 38%
03:47return
03:48approximately
03:49next year
03:50it has negative
03:5111%
03:52in 1991
03:53it has 32%
03:54and next year
03:55it has negative
03:5620%
03:57in 2009
03:58it has 27%
04:00and next year
04:01it has 22%
04:02so the point
04:03I am trying to make
04:04is that
04:05gold and silver
04:06have a tremendous
04:07rally
04:08its reasons
04:09were different
04:10its reasons
04:11its reasons
04:12its reasons
04:13its reasons
04:14its reasons
04:15its reasons
04:16its reasons
04:17inflation
04:18and the interest rate
04:19is falling down
04:20right
04:21going forward
04:22see
04:23investment
04:24is
04:25fear of missing out
04:26we thought
04:27we had to invest
04:28it
04:30probably
04:31our money
04:32now
04:33going forward
04:34we said
04:35obviously
04:36if you really want
04:37to invest money
04:38into gold
04:39and silver
04:40so
04:4110-15%
04:42you can invest
04:43into gold
04:44you can invest
04:45about
04:4610-15%
04:47of the portfolio
04:48but
04:49now
04:50you will not
04:51expect
04:52you will not
04:53expect
04:54you know
04:55a spectacular return
04:56in gold
04:57for the coming year
04:58see what is happening now
04:59today what has happened
05:00with the EU
05:01eventually something will happen
05:02with the US as well
05:03so the point we are trying to make here is
05:04it's a
05:05you know
05:06if you know
05:07a gold
05:08cyclical nature
05:09it's a cyclical nature
05:10you know
05:11you know
05:12it's a cyclical nature
05:13you know
05:14gold
05:15it's a cyclical nature
05:16can't increase in a time
05:17you know
05:18if you invest in gold
05:19so you have 5-10%
05:20to the most of the years
05:21in gold
05:22it will not increase in wealth
05:23because you have some peace of mind
05:24so you will not expect to have a collection of gold
05:25and what is happening it will not happen in the EU
05:26eventually something will happen with the US
05:27as well
05:28so the point we are trying to make here is
05:30if you have to experience a gold
05:33that is cyclical nature
05:34it will not increase
05:35at any time
05:36If you want to invest in gold, you can invest 10-15% in your business.
05:46I don't want to say that gold is in a bubble territory.
05:49Limited upside, volatility will be high.
05:53Last rate is so big, cooling off will be risked.
05:57I want to tell you about one data.
06:02If I look at the return of 10 years, how many times has gold given you a return more than 7%?
06:08If I look at the return of 10 years, there has been only 87% time that the gold has given you a return to 7%.
06:17If I look at the return of 10%, how many times has gold given 10% returns or above?
06:23It drops from 87% to 64%, 10% return.
06:29And if I look at the equity market, it has 10% plus return in the last 10 years, 96% time.
06:36So people forget that the recency buyers, we are humans, so that the recency buyers will always remain.
06:43That's why people are running for gold.
06:46So the conclusion is that if investors want to invest, they can add 10-15% but don't trust the return of debt.
06:52Sir, last question, you should go to the next question, which sectors are better in the 2026?
07:05Budget themes are good if you look at long-term.
07:09So generally, the events of investors tend to invest in that way.
07:14So basically, I want to go to the next year.
07:16Which themes are better?
07:18And when you talk about clear-cut, that if you want to see this budget, you want to invest in specific themes,
07:26we don't want to invest in any sectoral fund, we don't want to invest in any sectoral fund.
07:39We don't want to invest in any sectoral fund.
07:41So I want to give you a real example.
07:43In 2023-2024 mid, the defense sector is a top performer.
07:48Yes.
07:49And during the mid-2024, we have a negative return.
07:56So the point I am trying to make here is that you don't know which sector will do well.
08:00And you don't know when to come out of that sector.
08:02It is very difficult.
08:04And one small question is that investors always get stuck in this budget.
08:08If I put money in gold, I put money in automobile, I put money in banking.
08:12Suddenly, when I put money in gold, I don't know.
08:16So our very clear-cut, simple fund is, invest into mutual funds.
08:22Do a staggered investment.
08:24If you have 100 rupees today, put it in 4 weeks.
08:27Put it in 4 weeks.
08:28Make a long-term goal.
08:30And there are 4 funds, which are your submissions again.
08:354-55, 20-25 and the rest into small-cap.
08:38If I want to give you 4 funds, a pure large-cap fund, you know, which I will say large and mid-cap fund.
08:44I will say bundan large and mid-cap fund, where you can invest.
08:47If you can invest in ICIC approved dividend yield, it is a very good dividend yield fund.
08:53For 5 years, it is a very high return.
08:55It is a very high return for the 22% of the quarter.
08:56You can also see mid-cap fund in mid-cap category.
08:58It is about 20% of the quarter and you can see the small fund.
09:02And you can see the small fund.
09:03It is about 20% of the quarter.
09:05If you invest in 4 funds, your allocation will be 25-25 months and you can get a good and decent return.
09:15Sir, I have talked about how to invest in a lot of funds.
09:22This has come to understand.
09:24How many allocations do you keep in asset class?
09:27It is a better way to understand your data.
09:30Thank you so much for joining us.
09:32If you want to give a disclaimer on your own, please.
09:36Anima Ji, I have this disclaimer.
09:39If you invest in the future, never see the past.
09:42Past is an indicator.
09:44But always see the future.
09:46And see what is going on in the future.
09:48Make a clear-cut strategy.
09:50Patience.
09:52Review the portfolio.
09:54And never try to chase sentiments.
09:57If you are going to take this goal, I am sure that 2026 will be very good.
10:03Thank you so much, Manish Ji.
10:04Thank you so much, Manish Ji.
10:05Thank you so much, Manish Ji.
10:08Thank you so much, Manish Ji.
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