Portfolio Update: My allocation to Bandhan bank is a mistake. I got carried away by the narrative that the bank is helping millions of poor people by giving them access to finance. While the narrative may be true, my job as an investor is to generate superior returns while taking acceptable risks. Not only is the bank geographically concentrated in east, it is catering to politically sensitive population. I feel that the risks I am taking here were much higher than my other investments. I will remove my exposure to Bandhan bank and add more to Dmart (I already did that with my personal portfolio, but since I have not announced it here, I will make the change in excel on 1st August)
I also want to reduce my exposure to Infoedge and add more to Nykaa. Reason being I feel Nykaa is more focused, while Infoedge is Naukri + a VC fund, and the VC business can suffer a lot more in case of recession.
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