64 lakhs turns 1 Crore in 120 days

BravisaTempletree added HDFC AMC to our portfolio of India Top 30 stocks in June 2019, today this investment just crossed 1 Crore mark. In 120 days 64 lakhs goes on to become 1 crore. The gains made in this position gives me the first signs that our market has revived from its bear hug. Feels like the return of good old bull market days of 2014-17. Brings confidence that, the next leg of top performance against all other investment portfolios like we had done in 2017 has begun.

As HDFC AMC leads the pack of gains this season, we are having stocks like Bajaj Finance, Bata, SBI Life, Avaas Financier, KEI kind of stocks supporting with good gains building up in their positions. Both SENSEX and NIFTY are reaching for their all time high levels, now the tide is changing. In the last 2 years a handful of stocks were leading the markets upwards bringing confusion in the minds of investors as to why their investments have not gone up, where as the market is going up.

Now, it is time for the SENSEX and NIFTY to cool off while the broad markets will take a lead. Already in the couple of past sessions we have seen big traction in price moves of Mid & Small cap universe. Even today as I write this small note, NIFTY and SENSEX are down, while both Mid and Small caps are up. Infosys, which was the Gold Standard of India’s corporate world got mired into problems, today a whistle blower letter indication discrepancies in their accounts has tanked the stock 13%.

Showing that one day like how a bad market can revive to good times, some good also can go down. Being in the market, we should not worry about all these issues. If we have a process and follow it with discipline, we will not be caught in any of these challenges.

In our experience, we have not had any of the bad names of the resent season in our portfolios. DHFL was there with us 3 years back. At that time company was growing we made our share and got out with 100 plus percent gains. INFY, was out of our radar in 2013. Same stories for many stocks that have lost more than 50 to 90% in the recent meltdown in our markets.

Beating the benchmarks continuously

We had another good day for our portfolio today. After having very strong gains from our portfolio stocks which has been giving us the edge to out perform the benchmarks on a continuous basis, today again we managed to hold strength.

SENSEX was down 0.36%, MidCap was flat & Small caps managed a positive close of 0.36%. Our portfolio managed a 0.30% positive close today. As we are holding just above 20% of our capital in cash, it has been a good number for the day.

Edelweiss Logo

Stars for the day are Edelweiss with close to 5% gain and Zuari with a near 7% gain. Zuari has 1% capital exposure and is a fairly recent entrant while Edelweiss has been there in our portfolio since last year. Hence on the value terms Edelweiss has topped for us today. We do have a couple of under performers in our portfolio like Vijaya Bank which had lost 5% today & has given a total loss of 30% so far, having been one of our very poor holdings, while we are holding this stock as its balance sheet numbers were good and that is the reason this stock qualified its entry into our ranking tables. Himadri followed with a 3% loss for the day, while this stock has had a good run up, so, giving back small gains is normal.

Print

In spite of tensions across the globe due to the nuclear face off by North Korea, where the global equities took a hit, our portfolio has been standing strong. Works around the thought that, there is good flow of money into the market and all that money is chasing quality stocks.

Sectors that have been doing good in the markets now are Home construction, Cement, housing finance & NBFC’s. As we have good amount of exposure in all these sectors and not have any of the weak sectors in our portfolio, our performance is great.

Mutual fund performance against their Benchmarks

Comparison of Mutual Fund schemes of each category like large Cap, Mid Cap and Diversified schemes against their benchmark. The top schemes in each category have been compared.

In the Large Cap funds category the top performing fund at present is SBI Blue Chip fund and it is compared with Nifty Index which is a large cap index.

SBIBlu-to-Nifty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In the Mid Cap category Mirae Emerging Bluechip, one of the top performing funds is compared with the Mid Cap Index.

Mirae-Midcap

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In the Diversified category, all time leader ICICI Exports is compared with the Service Sector index.

ICServ-to-Service