Rajeev Thakkar

Possessing over three decades of experience in various segments of the capital markets such as investment banking, corporate finance, securities broking and fund management, he is currently the Chief Investment Officer and Director at PPFAS Mutual Fund.

His association with PPFAS Limited (The Sponsor of PPFAS Asset Management Company Ltd.) began in 2001. He was appointed the Fund Manager for the erstwhile flagship strategy of the Portfolio Management Service, titled “Cognito” in 2003.

He is a strong believer in the school of “value-investing” and is heavily influenced by Warren Buffett and Charlie Munger’s approach. Apart from his technical ability, what distinguishes him from many others is his ability to stand his ground and remain unflappable during difficult times.

He is a regular contributor to Mint newspaper and has also appeared on business channels such as CNBC, ET Now and NDTV Profit.

He is a qualified Chartered Accountant, Cost Accountant and CFA Charterholder.

Presentations

AI - Industrial Revolution for the Human Mind | FLAME Investment Lab With The Masters - June 2023

Bullish or Bearish | FLAME Investment Lab With The Masters - July 2017

Disclaimer - FLAME University is a fully philanthropic, not-for-profit university. The FLAME Investment Lab is established with the aim of providing a platform for experienced specialists to assist humble practitioners and students in acquiring knowledge about the art and science of investing. It is important to note that the courses offered, as well as the materials shared during these courses and on our website, should be regarded solely as educational resources.

Please be advised that no recommendations to buy, sell, or hold any particular investment should be anticipated from these presentations. The content provided is strictly for educational purposes and does not constitute investment advice or tips.

Interviews and Articles

Rajeev Thakkar's most precious investing lessons
https://www.valueresearchonline.com/stories/50308/rajeev-thakkar-s-most-precious-investing-lessons/

Resist the temptation for frequently tinkering with investments, says Rajeev Thakkar of PPFAS MF
https://economictimes.indiatimes.com/mf/analysis/resist-the-temptation-for-frequently-tinkering-with-investments-says-rajeev-thakkar-of-ppfas-mf/articleshow/94932914.cms

Our job is to create wealthy investors, not run after them: Parag Parikh AMC
https://www.moneycontrol.com/news/business/personal-finance/our-job-is-to-create-wealthy-investors-not-run-after-them-10680671.html

4 insights from Rajeev Thakkar
https://www.morningstar.in/posts/73980/4-insights-from-rajeev-thakkar.aspx

Rajeev Thakkar on why a Home Bias works against you
https://www.morningstar.in/posts/67842/rajeev-thakkar-on-why-a-home-bias-works-against-you.aspx

Livemint - Articles by Rajeev Thakkar
https://www.livemint.com/authors/rajeev-thakkar

A three-horse race: Active, passive and smart-beta funds jostle for investor attention
https://www.moneycontrol.com/news/business/personal-finance/a-three-horse-race-active-passive-and-smart-beta-funds-jostle-for-investor-attention-5731921.html/amp

Difficulties of managing debt funds in India
https://www.moneycontrol.com/news/business/mutual-funds/difficulties-of-managing-debt-funds-in-india-4251471.html

Timeless lessons for a lifetime
https://amc.ppfas.com/img/media/articles/timeless-lessons-for-a-lifetime.pdf

Resist the temptation for frequently tinkering with investments, says Rajeev Thakkar of PPFAS MF
https://economictimes.indiatimes.com/mf/analysis/resist-the-temptation-for-frequently-tinkering-with-investments-says-rajeev-thakkar-of-ppfas-mf/articleshow/94932914.cms

Where to invest Rs 10 lakh today? Don’t lose faith in US tech stocks, says Rajeev Thakkar of Parag Parikh MF
https://www.moneycontrol.com/news/business/personal-finance/where-to-invest-rs-10-lakh-us-technology-stocks-rajeev-thakkar-ppfas-mutual-fund-10058301.html

Look at asset allocation afresh, do not keep near term money in equity: Rajeev Thakkar, PPFAS MF
https://economictimes.indiatimes.com/markets/expert-view/look-at-asset-allocation-afresh-do-not-keep-near-term-money-in-equity-rajeev-thakkar-ppfas-mf/articleshow/96246920.cms

Udayan Mukherjee With Market Guru Rajeev Thakkar, CIO & Director, PPFAS Asset Management
https://www.businesstoday.in/bt-tv/the-udayan-mukherjee-show/video/udayan-mukherjee-with-market-guru-rajeev-thakkar-cio-director-ppfas-asset-management-354081-2022-11-24

We are going into a dotcom bust after almost 22 years: Rajeev Thakkar
https://economictimes.indiatimes.com/markets/expert-view/we-are-going-into-a-dotcom-bust-after-almost-22-years-rajeev-thakkar/articleshow/89424194.cms

Equities have the potential to offer far better returns, says Rajeev Thakkar of PPFAS Mutual Fund
https://economictimes.indiatimes.com/mf/analysis/equities-have-the-potential-to-offer-far-better-returns-says-rajeev-thakkar-of-ppfas-mutual-fund/articleshow/88332009.cms

We’re not fans of the re-open trade: Rajeev Thakkar, PPFAS Mutual Fund
https://www.livemint.com/companies/news/were-not-fans-of-the-re-open-trade-rajeev-thakkar-ppfas-mutual-fund-11623394842491.html

Rajeev Thakkar's most precious investing lessons
https://www.valueresearchonline.com/stories/50308/rajeev-thakkar-s-most-precious-investing-lessons/

Rajeev Thakkar on why a Home Bias works against you
https://www.morningstar.in/posts/67842/rajeev-thakkar-on-why-a-home-bias-works-against-you.aspx

BOOKMARK: From Deep Work to The Miracle of Mindfulness, 5 books that shaped PPFAS's Rajeev Thakkar's life
https://www.cnbctv18.com/market/bookmark-from-deep-work-to-the-miracle-of-mindfulness-5-books-that-improved-ppfass-rajeev-thakkars-life-7154161.htm

Coffee Can Investing | Rajeev Thakkar shares his mantra of parallel investing in global markets
https://marcellus.in/video/coffee-can-investing-rajeev-thakkar-shares-his-mantra-of-parallel-investing-in-global-markets/

How US tech turmoil has separated established players from younger ones
https://www.business-standard.com/multimedia/video-gallery/general/how-us-tech-turmoil-has-separated-established-players-from-younger-ones-147821.htm

Love China or Hate China, you cannot ignore Chinahttps://ppfasfof.com/love-china-or-hate-china-you-cannot-ignore-china/

The One Percent Show: Rajeev Thakkar on Investing Character, Lifelong Learning, and Building an Antifragile Life
https://www.vishalkhandelwal.com/one-percent-show-rajeev-thakkar/

Starting the investing journey early is important: Rajeev Thakkar of PPFAS Mutual Fund-Business Journal
https://business-journal.in/mutual-funds/starting-the-investing-journey-early-is-important-rajeev-thakkar-of-ppfas-mutual-fund-business-journal/

How Rajeev Thakkar manages his money
https://podcasts.apple.com/in/podcast/how-rajeev-thakkar-manages-his-money/id1483602938?i=1000564850944

Financial Literacy Asset Classes and The Importance of Interest Rates

PPFAS Blog – Rajeev Thakkar
http://amc.ppfas.com/blog/author/rajeev/

The lifeguard portfolio manager
Rajeev Thakkar, CIO, PPFAS Mutual Fund, talks about his likes, dislikes, strategies and several other things in this freewheeling interview with Aarati Krishnan
https://www.valueresearchonline.com/story/h2_storyView.asp?str=32656

Time to look away from traditional energy companies: Rajeev Thakkar, PPFAS MF
http://economictimes.indiatimes.com/markets/expert-view/time-to-look-away-from-traditional-energy-companies-rajeev-thakkar-ppfas-mf/articleshow/53768600.cms

Rajeev Thakkar on his go-anywhere fund
now boasts of a track record of three years. The fund stands out in the sense of not having constraints by way of market cap, sector or geography.
http://amc.ppfas.com/media/interviews/rajeev-thakkar-on-his-go-anywhere-fund.php

Living in a world of negative interest rates
It is said that positive interest rates are to capitalism what heaven and hell are to religion
https://www.valueresearchonline.com/story/h2_storyView.asp?str=200274

Stoic Podcast Episode 9: Balancing Value & Quality – The Value Investor Way!
http://www.stoicinvesting.com/podcast/stoic-podcast-episode-9-balancing-value-quality-the-value-investor-way/

Interview with Safal Niveshak

Compilation of Mr Rajeev Thakkar’s Article by PPFAS
http://ppfas.com/media/rajeev/index.php

Paragbhai taught us not to get perturbed: Rajeev Thakkar
http://forbesindia.com/article/special/paragbhai-taught-us-not-to-get-perturbed-rajeev-thakkar/40387/1#ixzz4B4eS2QqW

Investing in Equity Mutual Funds – a perspective from Rajeev Thakkar of PPFAS MF
http://www.vipinkhandelwal.com/investing-equity-mutual-funds-rajeev-thakkar/#more-1388

What the public wants, the public will get
Valeant Pharmaceuticals at one time traded at a market capitalisation of $90 billion. Today, it has a market value of just over $9 billion, and is under investigation by numerous agencies.
http://www.livemint.com/Money/WgwVv9wrw7aMOEXdgDGkaM/What-the-public-wants-the-public-will-get.html

Lessons from past bank troubles
Wisely used, bank crises can give opportunities to shareholders to make good returns at the time of peak pessimism
http://www.livemint.com/Money/a56J14Rl4czbiB8eY9cTZP/Lessons-from-past-bank-troubles.html

The world’s not coming to an end
It is said that many sovereign wealth funds have been selling their investments, which is logical
http://www.livemint.com/Money/ERoqKAmlNGLZvmvWiTByoJ/The-worlds-not-coming-to-an-end.html

Lessons to learn for mutual funds from Amtek Auto default
The typical mode of selling a debt mutual fund is on the basis of past or projected returns. However, different funds carry differing risks
http://www.livemint.com/Money/hVdpxvOCsUpjPwLmBUYhNK/Lessons-to-learn-for-mutual-funds-from-Amtek-Auto-default.html

Beware, the NINJAs are coming
The appraisal process of lenders in India has been very strong historically. Most of the lending is to individual home buyers rather than to developers
http://www.livemint.com/Money/pjoQX3xtL7fMzsvgZu3pFN/Beware-the-NINJAs-are-coming.html

How price turn affects returns
Journey towards wealth creation will not be a smooth one always
http://www.livemint.com/Money/5p1LJxYecNcKNm9t6DvfnK/How-price-turn-affects-returns.html

Learning from government, and gold
When investors are not able to evaluate investments in a transparent and predictable manner, they tend to stay away
http://www.livemint.com/Money/PCE3lrp8dAvqeXEEanDx1I/Learning-from-government-and-gold.html

Diversification or concentration? Depends on defining risk
A suitable level of diversification in stock selection will keep a portfolio safe to an extent
http://www.livemint.com/Money/JhTe34BuWSkNigOHQPJzAP/Diversification-or-concentration-Depends-on-defining-risk.html

Why downside matters and some basic arithmetic
The most important thing about investment returns is that they are multiplicative and not additive
http://www.livemint.com/Money/DIyXPTM5KdaagdXJqkTbQJ/Why-downside-matters-and-some-basic-arithmetic.html

A framework to understand the e-commerce exuberance
E-commerce will succeed in some categories and is likely to fail in others
http://www.livemint.com/Money/xdTWeT17h81psqxT692c5L/A-framework-to-understand-the-ecommerce-exuberance.html

The sense and nonsense of market cap to gross domestic product ratio
Punditry of all kind has jumped on to the bandwagon and this ratio has become one of the most used and abused in the financial markets
http://www.livemint.com/Opinion/fCOIssDbBdFiuzRYJPHFBP/The-sense-and-nonsense-of-market-cap-to-gross-domestic-produ.html

Capital allocation - an ignored factor in corporate governance
It serves to put the spotlight on an often ignored area of capital allocation in the context of governance
http://www.livemint.com/Money/L44TL00anr5wwOySPlL4XM/Capital-allocationan-ignored-factor-in-corporate-governance.html

Flip side of very high profitability
How does an investor find a business with great profitability and a sustainable business model?
http://www.livemint.com/Money/LaNx756EeSbSQJFPxRaNjK/Flip-side-of-very-high-profitability.html

Investing in India and ice hockey
Investors are doing a Wayne Gretzky when it comes to India, after the big run-up in markets after Lok Sabha elections
http://www.livemint.com/Opinion/zW11YvvKNSom0E2RbYTmUI/Investing-in-India-and-Ice-hockey.html

Getting a real returns paradigm
Indian investors squirrel away money because they fear long-term inflation
http://www.livemint.com/Opinion/xLi0lanFmjhmaoI8phIVGL/Getting-a-real-returns-paradigm.html

Peak oil vs mean reversion:why trees don’t grow to the skies
There are differing views on the significance of peak oil theory
http://www.livemint.com/Money/N3hKuVpamq2A1m210v0WYO/Peak-oil-vs-mean-reversionwhy-trees-dont-grow-to-the-skies.html

Global interest rates will decide equity valuations
Companies that have hoards of cash have little to worry from interest rate increases
http://www.livemint.com/Money/9h8fq4H18lsDjJOtcFaiLK/Global-interest-rates-will-decide-equity-valuations.html

Working with what we already know
http://www.livemint.com/Opinion/noZfxSsUl3EQ5kBbCGF1ZL/Working-with-what-we-already-know.html

Pitfalls of passive equity investing
http://www.livemint.com/Opinion/3yGfkHLP3eISQ7pUrpVBbO/Pitfalls-of-passive-equity-investing.html

Getting the investment horizon right
http://www.livemint.com/Opinion/YH1NCZwmMkpSYQnCORtwVN/Getting-the-investment-horizon-right.html