Virtue of Risk

While making a witty remark he says, “Trend is your friend” and that at the time of the global market turbulence he is fully invested, yet skeptical about adding too much risk. He has always made intelligent choice in betting and has managed to get profit even at the time of the risk like the aftermath of 9/11 attacks in the United States.

The biggest concerns are about the susceptible single currency members, like the United States “on steroids” and a “crisis of governance” in India. He says, “When there's doom and gloom, don't forget there's darkness before dawn.” He is a believer of the India story that has helped make him become rich so he says, “When a child is sick, the mother is concerned. It doesn't mean the child's going to die.”

Chirag Shah, Assistant Vice President, Bonanza Portfolio says, “Many clients ask when we recommend stocks whether Rakesh has bought it, and what he's holding. People follow him like anything. Whenever they come to know that he's taken a stake in a stock, they try to invest in it.”

He is buoyant on retail, financial services, agriculture and software services but declines to expand on it, for the record.