After a long-long gap, and after profiling the ever-so-amazing R.K. Chandrasekhar and Dev Ashish in the first two issues of Safal Niveshak TribeStar, I bring to you another young investing star in the making, Nishanth Muralidhar.
Nishanth is a 32-year old IT software engineer, hailing from Kerala and currently residing in the US. He has been investing in the Indian stock market for eight years now and is a keen follower of value investing.
Over to you Nishanth!
Safal Niveshak: Please share with us your investment journey so far.
Nishanth Muralidhar: My investing journey, started at the age of 23, when I started my IT career in 2004. Right from the very first salary I received, I explored various investing options and stumbled upon equity mutual funds.
Through a series of articles in Value Research and other websites, I understood the basics of mutual funds and decided to invest in them. I picked 3 of the best funds out then – Reliance Vision, Franklin Indian Prima, and HDFC Equity. I didn’t have the faintest idea regarding asset allocation or diversification at that time; however I had read about the power of compounding.
I opened a demat account and decided to foray into direct equity investing. I started investing in stocks based on the recommendations from various stock brokers and websites. I had only a rudimentary idea of the PE ratio and knew nothing else about these stocks. I didn’t read the annual reports, balance sheets, income statements or cash flow statements.