Gulaq Gear 6: A Consistent Performer!
Make it 3 in a row! We are delighted to share that our flagship portfolio – Gulaq Gear 6 – is featured in the most bought smallcases of June – A blog published by smallcase. We would love to thank you for the support and trust placed in us.
We always emphasize the fact that beating markets consistently is a tough nut to crack. After a streak of 5-months outperformance, we failed to beat Nifty Multicap in June 2023. Gulaq Gear 6 gave 1.8% returns in June, whereas Nifty Multicap gave 4.3% returns.
As per our analysis on historical data since launched, there are roughly 8 months annually where we beat markets. So, this is one of those minority months where markets have outperformed us. The chances of beating markets increases to 99.4% as the holding period increases to 1-year. This is exactly why we recommend our investors to stay invested for an year before reconsidering their choice.
Now, lets talk about the markets. Over the past few days all the indexes have broken the resistance and now trading at all time high levels.
Many investors are getting anxious about it and are eager to book profits.
Here we would like to bring your attention to a quote from Warren Buffett.
“I think you can be quite sure that over the next 10 years there are going to be a few years when the general market is plus 20% or 25%, a few when it is minus on the same order, and a majority when it is in between.
I haven’t any notion as to the sequence in which these would occur, not do I think it is of any great importance for the long term investor.”
- Warren Buffett In 1962.
This quote from Warren Buffett is still relevant today. What he is saying is that one should not try to predict returns of equity market in the short run, and rather have a long term view. If we look at the returns from Indian equity markets in last decade, one can clearly make out that huge wealth has been created in last decade, inspite of the huge corrections that we have seen.
Nifty has grown from about 6000 level to 19000, more than 3X in 10 years. Investors should have similar kind of expectations from equity markets over the next 10 years. If we are worried about investing near the top, we would never be able to reap the full benefit of compounding.
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