Archive · 28 Jun 2025
Pulak Prasad's Strategy: Building Wealth with Quiet Investing
Imagine a super-smart investor named Pulak Prasad.
He manages a lot of money by picking a few companies he believes in and sticking with them for a long time, like planting a tree and watching it grow.
He doesn't try to guess what will happen tomorrow.
Instead, he focuses on picking good businesses that can survive and grow steadily.
He avoids risky investments and doesn't get caught up in following trends.
He believes in patience and letting time do the work, so your money can grow slowly and steadily, like a healthy tree.
Pulak Prasad, managing Rs 50,000 crore through Nalanda Capital, focuses on long-term investing in a few select Indian companies.
His strategy emphasizes avoiding harm, making careful choices, and allowing time for investments to grow.
Key principles include avoiding highly leveraged businesses and sectors with uncertain outcomes, like financial institutions.
Prasad's fund holds 10-15 companies, with a portfolio turnover ratio of less than 5% annually.
The philosophy encourages building portfolios with strong foundations, deliberate inactivity, and making decisions based on business logic.
- Who
- Pulak Prasad, managing Nalanda Capital.
- What
- Investment strategy focused on long-term, low-turnover investing.
- When
- Strategy developed and implemented over many years.
- Where
- Focus on Indian companies.
- Why
- To grow wealth steadily by avoiding harm, making careful selections, and letting time work.
Short-Term vs. Long-Term
Patience and Discipline
Investment Horizon
Short-Term vs. Long-Term
Focus on immediate gains and market trends.
Patience and Discipline
Prioritize long-term growth, avoiding short-term market volatility.
Portfolio Construction
Short-Term vs. Long-Term
Diversification to spread risk, even if lacking understanding.
Patience and Discipline
Concentrated portfolios with deep understanding of each holding.
Decision-Making
Short-Term vs. Long-Term
Making investment decisions based on market buzz and trends.
Patience and Discipline
Making decisions based on business logic, not market trends.
- Fund Manager
- Pulak Prasad
- Fund Name
- Nalanda Capital
- Assets Under Management
- Rs 50,000 crore
- Investment Style
- Long-term, value investing
- Portfolio Turnover
- Less than 5% annually
- Key Philosophy
- Avoid harm, choose carefully, and let time work