By the grace of God I am happy to inform that my wife has received a lump sum amount by way of selling a property by her maternal family (in which she too had invested years back
First thought was to part-pay my home loan but I rejected it as I want this money to belong to my wife 100% - besides I am availing income tax benefit on my home loan. About 15% of this amount kept safe in her Bank FD for emergency requirement and Capital Gains Tax purpose. About 10% we deposited into Sukanya Samriddhi Yojana Scheme for our Kid. Kept 5% into Bank Saving A/c. Rest 70% We would like to invest in Equity and Mutual Funds.
Firstly my wife opened her own Demat Account with Zerodha…
Stock selection criteria is
- We should have 100% faith in the Management.
- The company should survive and thrive at least a decade.
- The business should be understandable to my wife who is just starting her journey.
The Stocks on Zerodha Kite:
TITAN is the first stock she selected. Gold Jewellery is most aspirational and auspicious. She had invested in Tanishq Gold Harvest scheme couple of times. She is familiar with Titan Eyewear, Watches, and Fastrack Brands.
DMART - Our Monthly Grocery provider. Over a period of time we tried Reliance Jio Mart, Online Big Basket, Amazon, Flipkart etc but DMART is most convenient and Value for Money.
Bajaj Finance. We have used their service while buying Fridge, Television, Washing Machine etc.
M&M. A close friend of my wife have bought XUV 3OO. There is a Mahindra Showroom near to my wife’s office and last week she went there just to check. So impressed with those display vehicles that now she wants to book one Scorpio! No we just cannot afford it. So ended up buying M&M Shares. She has been watching this video with awe!
https://www.youtube.com/embed/e3hPELQxT4M
TCS - My wife works in a IT service company - not as a Techie but in business operations. So she is comfortable investing in IT. But she was eager to invest in Infosys or TechM - But I suggested that TCS more stable and safer bet.
Narayana Hrudayalaya: Here in Bengaluru generally NH is the first choice of middle class ppl for Heart Surgery. We have visited the Hospital many times. We trust this hospital and have faith in Dr. Devi Prasad Shetty.
Manyavar - This is my selection. I have no doubt about the longevity of the business. Trustworthiness of the management yet to be established.
Devyani - This too is my selection for my wife portfolio. I am bullish on QSR segment. Management already proven execution capability with Varun Beverages.
Last but not the least…
PPFAS! - Parag Parikh Flexi Cap on Zerodha Coin. I myself selected this fund. Why because - The recent issue with Axis Mutual Fund and sometime back in Franklin Templeton has concerned me. As in Stocks, Mutual fund Manager integrity too is important, I felt. I trust PPFAS Fund Managers who are conservative, transparent and have invested their own money in the scheme.
Also I am looking for 1 midcap and 1 smallcap fund and 1 FMCG stock or something like Page Industries to be in her portfolio for which we have reserved some funds.
Changes in my portfolio:
EXITS
TCS | Bajaj Finance | Titan | As my wife has invested.
Kotak Mahindra Bank because PPFAS and ICICI pru Mutual funds have very high weightage in Banking.
Indoco Remedies. In pharma I will only have Divis and Laurus.
Deepak Nitrite. The blast was too scary. I just hit the panic button. I exited Angel One completely.
IEX - I am uncomfortable with frequent Govt interference.
Mirza International (3x Profit) and Jash Engineering (51% profit) - Small Cap moving up too fast - so, booked profits.
New Additions
Cholamandalam Investment & Finance Company - A reputed Murugappa Group Company. They are Focused on Middle of the Pyramid in MSME Sector - Leaving Bottom of the Pyramid to Microfinance and Top of the Pyramid to Banks.
Geographical Presence across India - From J&K to Knyakumari. I think only SBI can boast such a branch network across India! Even more surprising is that more than 80% of branches are in Rural and tier III and below towns!
Ten year CAGR of - Disbursement @ 13% | AUM @ 17% | PPoP @ 23% | PAT @ 24%
RoE increased from 16-17-18% to 20% | NIM @ 8%
They are into Vehicle Finance (27% Used Vehicle) LAP, Home Loan, CSEL (Consumer & Small Enterprise, SBPL (Secured Business & Personal Loan)
Excellent Risk Management framework & Technology Upgradation.
Schaeffler. German Parent focused on future readiness with roadmap laid out to all it’s group companies spread across the world. I read entire CY2021 Annual Report. Very Impressive.
RHI Magnesita: Refractory Products & Solution provider. Related to commodity/cyclical Industry. I am betting on - that It is MNC hence outsourcing opportunity.
Tejas Networks: Tata Group company. Telecommunication Equipment Manufacturer. Future 4G & 5G opportunity.
My Wife Portfolio with allocation% as on closing Price 19/08/22:
TITAN > 13.4%
DMART > 13.1%
BAJFINANCE > 15.8%
M&M > 11.3%
TCS > 10.1%
NH > 12%
MANYAVAR > 7.9%
DEVYANI > 5.0%
PPFAS > 11.4% - The FlexiCap Mutual Fund.
My Self Portfolio With allocation %ge as on closing price 19/08/22
Buy prices adjusted for splits/bonus etc.
TATAELXSI > 6.1% - Sold some @ 7575/- Some more @ 9600/- Hold about 45% of original quantity.
LTI > 5.2% - Buy prices | 5690 - 4320 - 3980 - 3760 - 3860 | in 16% profit.
LTTS > 4.5% - Buy Prices - 4620 - 4304 - 3390 - 2970 | still in slight LOSS.
IDFC > 2.3% - Avg buy price 48.40 | in 27% profit.
IDFCFIRSTB > 2.6% - Avg buy price 37.84 | in 18% profit.
ASTRAL > 3.4% - Buy prices | 1410 - 1960 - 1595 - 1640 | in 30% Profit.
KAJARIACER > 2.8% - Buy prices | 918 - 1055 - 927 - 936 | in 24% profit.
ACRYSIL > 2.4% - Buy prices | 669 - 681 - 475 | in 22% profit (had sold little quantity @ 690)
DIVISLAB > 6.6% - Since 3/4/2020 buy prices | 1900 - 2450 - 3260 - 3250 - 4175 - 4180 - 4495 - 3809 - 3380 | in 20% profit.
LAURUSLABS > 7.7% - Buy prices | 240 - 320 - 345 - 454 - 592 - 460 - 450 - 445 | in 61% profit.
HCG > 2.0% - Buy prices | 227 - 260 - 270 | in 12.8% profit.
SRF > 3.3% - Buy prices | 1060 - 1131 - 1570 - 2380 | In almost 2x profit | (had sold some @ 2660)
NAVINFLUOR > 3.3% - Buy prices | 1759 - 2110 - 3165 - 3275 - 3560 - 3460 | in 53% profit.
JUBLFOOD > 2% - buy price @ 584 on 14/2/22 no change - in 2% profit.
TATACONSUM > 3.9% - buy prices | 505 - 625 - 709 | in 34% profit.
CAMS > 3% - buy prices | 1428 - 1925 - 2140 - 2120 | in 31% profit.
CDSL > 3.9% - buy prices | 516 - 975 - 1065 | in 75% profit.
SAREGAMA > 4.2% - buy prices | 393 - 380 - 360 | in 6.3% profit.
PRAJIND > 1.4% - buy prices | 358 - 310 - 327 - 306 | in 14% profit.
SONACOMS > 1.7% - buy prices | 575 - 530 - 510 | in 5.8% LOSS
RACLGEAR > 3.8% - buy prices | 244 - 505 - 538 - 515 - 505 | in 55% profit.
RAJRATAN > 3.6% - buy prices | 615 - 609 - 585 | in 81.5% profit.
BORORENEW > 0.7% - Tracking - Concerned about foreign acquisition & confusion.
CHOLAFIN > 4.1% - New addition - already in 25.6% profit !
SCHAEFFLER > 5.9% - New addition - already in 36.7% profit !!
RHIM > 1.6% - New addition - in 16.4% profit.
TEJASNET > 2.4% - New addition - in 17.7% profit.
MON100 > 1.9% - Motilal Oswal NASDAQ100 ETF - in 3.8% profit.
Just a thought - My observation In Life - generally - Middle Class ppl are most ambitious, aspirational, and optimistic. The poor are always struggling and few make it big by hard work or luck(?). The rich - most of them - their wealth grows without too much of hassle. They are content (?)
In stocks also
SmallCaps - few create great wealth but there are lot of ups and downs. Difficult to Spot.
The LargeCaps - they are safe and they grow - but Incremental growth is somewhat limited.
BUT the MidCaps - They have already proven the capability by graduating from SmallCaps to MidCap. They are very ambitious to become LargeCap…
So - I am more inclined towards Mid Cap Stocks
I am thankful to this great forum.
Subscribe To Our Free Newsletter |