Novice investors like you and me have a tendency to get disillusioned and frustrated at the non-performance of our portfolio. We begin to worry whether we are on the right path and are doing the right thing.
At times like this, stock wizards like Dolly Khanna, Vijay Kedia, Ashish Kacholia, Anil Kumar Goel and others can provide us with much-needed inspiration and guidance.
Fortunately, the young Turks at ET comprising of Yatin Mota, Tanvir Gill, Avanne Dubash and other bright-eyed youngsters have realized this seminal fact and are relentlessly pursuing the wizards and persuading them to reveal their portfolios and investment strategy.
A few days ago, we were thrilled to see Dolly Khanna’s portfolio of magnificent multi-baggers. We also got an inkling of Dolly’s investment philosophy.
Ashish Kacholia, another one of our favourites, is no slouch either when it comes finding winning stocks.
— ET NOW (@ETNOWlive) October 27, 2015
Shaily Engineering is the crown jewel in Ashish Kacholia’s portfolio. He holds 10,00,000 shares (12.02%) worth Rs. 44 crore. It is a magnificent 7-bagger in the portfolio according to ET though on a YOY basis it is a 11-bagger.
One notable aspect about Ashish Kacholia’s investment strategy is that he has also steered clear of Pharma and Bank/ NBFC stocks.
It is very unusual that all three stock wizards, namely, Dolly Khanna, Vijay Kedia and Ashish Kacholia, have studiously avoided Pharma and Bank/ NBFC stocks. This can’t be a coincidence (I have not studied Anil Kumar Goel’s portfolio in detail).
The other notable aspect is that Ashish Kacholia has, just like Dolly Khanna and Vijay Kedia, a widely diversified portfolio. This is very surprising because savvy investors are supposed to have a concentrated portfolio on the basis that they “know what they are buying”.
In fact, it is quite amusing that while novice investors like you and me get constantly reprimanded by so-called “experts” for having “too many” stocks in our portfolios, the real experts are cocking a snook at the theory that savvy investors should have “concentrated” portfolios.
Another interesting fact worth noting is that there are very few stocks overlapping in the portfolios of the four wizards. Each wizard has his own unique set of multi-bagger stocks. That tells you about the extent of availability of multi-bagger stocks in the market. If we dig deep enough, we are bound to find some of our own.
A few stocks such as TCPL Packaging, Srikalahasthi Pipes, Navin Flourine etc have attracted more than one stock wizard. Obviously, we need to keep a close eye on these stocks because there is obviously something special about them.
Some other stocks in Ashish Kacholia’s portfolio include Acrysil (4.3%), Pennar industries (2.08%), Camlin Fine Sciences (1.24%), Axiscades (1.4%), Ashiana housing (1.2%), Gati (1.71%), Kitex Garments, JB Chem, Nueland Labs, eClerx Services, Dynamatic Tech etc.