Sunday, 26 May 2024

How to manage Specific Risk /Non-systamatic Risk

Being a financial Planner I always  suggest Mutual Fund/PMS/AIF  than Direct Stock investment  to Execute My Plans 


Advantages of Mutual Funds:

1. This ₹5000 will be spread across 25-30 companies.

2. Out of these, 5-10 companies may not exist after 15-20 years (Non-Systematic Risk).

3. However, 4-5 may become multi-baggers.

This portfolio is expected to yield:

- ₹15,000 in 10 years, ₹27,000 in 15 years, ₹48,000 in 20 years, assuming a 12% CAGR.

- ₹26,000 in 10 years, ₹59,000 in 15 years, ₹136,965.17 in 20 years, assuming an 18% CAGR.

If you start trading directly in this market with this ₹5000:

1. Brokerage, DP transactions, and AMC costs are high.

2. You can't maintain a sufficiently diversified portfolio due to a lack of knowledge and resources to mitigate Specific Risk 

3. There is a higher probability of  balloon companies rather than multi-baggers in your portfolio (balloon companies boost their news to become popular and attract common investors, while multi-baggers are less popular, hidden gems for an unexpected informed investor).

Comparing direct stock purchase vs. mutual funds: 

- Mutual funds have a consistent long-term reasonable performance and high probability to achive 

- Direct stock buying is high risk, high return, with low consistency and low probability to achive


Nandakumar Varier 
Fiknowledge

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