Summary
Explore the concept of relative performance in 2023. Understand how your investments compare to the market and why it matters. This blog provides in-depth analysis and practical advice. These funds are suitable for long-term investors looking to save on taxes. They offer a unique combination of tax savings and potential for high returns over time.
As we enter the year 2023, it's important to remember that everything is relative. Our own perspective shapes how we view the world around us, and it's crucial to have a well-thought-out perspective in order to lead a meaningful and fulfilling life.
In today's age of information overload, it's easy to get lost in the sheer amount of data available to us. We are constantly bombarded with information from various sources, and it can be overwhelming to try to process it all. That's why it's important to focus on what's truly important and not get distracted by the noise. With the average attention span of an individual being less than 10 seconds, it's crucial to make every moment count.
This is where the concept of the "Art of Boring" comes in. At DSP Investment Managers, we believe in staying focused on the fundamentals, prioritizing quality, and respecting valuations. We're not in the business of making wild predictions for the year ahead, but rather, we prefer to stick to what we know works. In a world where sensationalism and attention-grabbing headlines reign supreme, it can be easy to get caught up in the hype and lose sight of what really matters. That's why we choose to take a more measured and disciplined approach, focusing on the basics and avoiding the temptation to chase short-term gains.
In our latest note penned by our Equity team, we begin by taking a look at how Mercedes has built a "winning culture." This is a company that has consistently outperformed its competitors and achieved a level of success that many companies can only dream of. So, what is it about Mercedes that sets them apart? According to their CEO, Dieter Zetsche, it's their focus on innovation and continuous improvement. Rather than resting on their laurels and becoming complacent, Mercedes has always been willing to take risks and embrace change in order to stay ahead of the curve. This has allowed them to consistently outperform their competitors and maintain their position as a leader in the industry.
But that’s not all. This note will also delve into some of the other key issues that have impacted the market in recent years. For example, we examine how the Federal Reserve's policies impacted market returns in 2022, the role of DIIs (domestic institutional investors) in the Indian markets, India's relative outperformance, and the state of corporate health in India. These are all important factors that can have a significant impact on the market, and it's crucial for investors to have a good understanding of them.
In addition to these topics, we also delve into some of our ongoing projects at DSP Investment Managers. For instance, we discuss JARVIS, our in-house analytics tool, which helps us to make more informed investment decisions. We also touch on our foray into sustainable investing (ESG), which is an increasingly important area for investors as concerns about the environment and social issues continue to rise. Finally, we address the elephant in the room: our performance (well, underperformance). It's important to be transparent and honest about these issues, and we are committed to learning from our mistakes and constantly improving.
As we move forward into 2023, we urge investors to take a balanced approach. While valuations may be stretched in the short-term and concerns about a global slowdown may dampen sentiment, we remain optimistic about India's structural growth in the long run. It's important to remember that not participating in the market can be a major risk for investors, and it's crucial to focus on long-term gain rather than short-term pain.
We hope you'll take the time to read our full note and share your feedback with us at [email protected].
Click below to read the full note. It's long, but we promise it's worth it!

And since this is our first post for 2023, we wish you a very Happy & Prosperous New Year :)
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This note is for information purposes only. In this material DSP Investment Managers Pvt Ltd (the AMC) has used information that is publicly available and is believed to be from reliable sources. While utmost care has been exercised, the author or the AMC does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Readers, before acting on any information herein should make their own investigation & seek appropriate professional advice. Any sector(s)/ stock(s)/ issuer(s) mentioned do not constitute any recommendation and the AMC may or may not have any future position in these. All opinions/ figures/ charts/ graphs are as on date of publishing (or as at mentioned date) and are subject to change without notice. Any logos used may be trademarks™ or registered® trademarks of their respective holders, our usage does not imply any affiliation with or endorsement by them.

Comments
Total 22
Arif Ahmed
23-09-2024
Mind enlightening write up. Share your universal knowledge on the subject for learning financial management of common people.
Moyukh Roy Choudhury
23-09-2024
Excellent read on discipline approach of investing and patience for long term wealth creation .
Dr.Haresh V. Mavadia
23-09-2024
Excellent
Yogesh Laddha
23-09-2024
Thanks for Sharing this Article, It's the real situation of all investors......
Jitu Pran Das
23-09-2024
Guarantee 👍
Saroj Kumar behuria
24-09-2024
Nice topic
Bhanu
24-09-2024
Beautifully penned down. Touches the right chord with the investors
Vikram Shah
24-09-2024
Great Article!
Chandra Bhushan Singh
24-09-2024
Yes patient is the key for equity investment. I remember the opportunity which I missed in 2008 Lehman Brother Crisis, The nav of DSP Tax saver was Rs 5 but now it is 80 i.e. whatever invented that time would have been converted to 16 times today. That is righ moment this blog is talking about.
Pradeep
24-09-2024
This is very interesting & a very lucid way to carry the story forward without making it a text book reading. Thanks for presenting this story to us.
Saroj behuria
25-09-2024
It's very encouraging.
Deborshi Bhattacharjee
25-09-2024
Your writing is so powerful, you put into words exactly what I struggle to convey.
Karnalsingh Bajaj
25-09-2024
Very correct, very authentic, true to life. Money is not every thing. Values of life count too.
MUSADDIQUE HUSSAIN
25-09-2024
Thank you for making me aware of such an important issue. I appreciate your insights.
Partha Sarathi Chandra
25-09-2024
It’s really encouraging
RAFIQUDDIN AHMED
25-09-2024
Very informative
Reny Gomes
25-09-2024
I didn't know something like LRS even existed. Good one. Very different way of talking about a boring concept. Thanks for sharing.
Jitendra
24-09-2024
Excellent explanation. Agreed with your views and are absolutely right.
Pallav Tewari
24-09-2024
This is your first ever blog😊 , you have really displayed excellent creativity, and I am really pleased with how well you have started . Insightful & excellent analogy between cricket & investment. I 100%agree that investing is like playing a test match & not 20-20. Patience is the key in achieving success in both . I am sure you must have already received many positive comments in your first ever blog . Keep up the excellent work !! Looking for more such interesting blogs 👍
Rizwan
25-09-2024
Ehsan that's a great read buddy, I am doing one for my son tomorrow.
Madhulika Sanghvi
25-09-2024
This is indeed so very well written - Firstly the dare to dream big but through small disciplined actions over time. Most of us imagine that one stroke of luck , that one big jump or only being a business owner or having a very senior well paying role is what creates wealth for us. Secondly the analogy to religion & human behavior that is so easy to connect to with the flow of yout writing. An excellent reminder that daily doses of discipline , is important not just in wealth creation but also in work, health, relationships and life. Thanks for this piece Ehsanur!
Abhisek Mitra
25-09-2024
The parallels drawn here to illustrate the human psychology and behavior towards investing is very very apt... However the motivating factor of building a 100cr legacy for your child over a period of time with strict financial discipline is something put across the mind very thoughtfully... It's definitely a message that needs to be put across to all investors as a thought provoking one and finally help them in their pursuit of achieving this much cherished goal of "creating a 100cr legacy" by starting immediately with their SIP...
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