Porinju says every rupee invested in stocks now is double its worth

INSUBCONTINENT EXCLUSIVE:
Every rupee invested in domestic stocks now is actually worth double of every rupee invested a year ago
Velliyath made this observation in his latest letter to investors, where he says every rupee withdrawn now, if left invested, would more
than double in the near future. Porinju took a massive hit on his portfolio, comprising largely of smallcaps and midcaps, in the recent
downturn
November
The fund had gained 6.33 per cent and 3.70 per cent in August and July, respectively
After a volatile October, Nifty recovered most of its losses in November
solid trend in domestic consumption and a promising outlook for the economy. He says recent market response to macro headwinds only proved
how meaningless it is to predict such indicators and how these are of no help when it comes to stock picking. The Founder Portfolio Manager
a second term in 2019, now says elections do not matter to market
who have put in money with a longer horizon
The prevailing bearish trend will reverse and turn into a 2009 kind of bull run
investors that hurried decisions taken with a myopic view in fear and panic after such a dramatic fall have proven wrong time and again in
the past
He insisted this is the best time to make fresh investment in stocks, regardless of what the election outcome is and which side the trade