Hello Debadree,
Your portfolio looks good to me.
Your analysis of technology stocks like Amazon, Microsoft, Alphabet along with Infosys & HCL Tech is logical, and there is no reason why these technology companies can not beat NIFTY in the long term. If one can buy such good businesses at low valuations, you can see your portfolio beating Index by about 2% to 6% as well. I have done this in the past. I never had courage to hold US stocks simply because I used to believe that, it exposes you to currency risk in addition to equity risk. But considering that, INR will keep depreciating further, having exposure to large US companies seems logical to me.
Also, having exposure to IEX and ICICI Lombard looks logical, as they are operating in under penetrated sector, and opportunity size is huge. IEX may face competition in future, but still it may able to grow at good pace.
All other stocks – ITC, MARICO, HDFC BANK, BERKSHIRE HATHWAY, FACEBOOK has potential to give you steady returns. ITC will test your patience from time to time like it did from 2015 to 2020.
I believe, in large cap investing, you will not find multi-baggers in 2-3 years like in Small Cap & Mid Caps, but in the long term, risk adjusted returns would be good, provided you have bought them at low valuations. Imagine that, if you had bought TCS at P/E of 16-18 during 2017 and hold it for 10 years, I am sure that, it can compound your money at 15% percent which is more than Index.
Personally I also hold some of your stocks, but I generally hold all stocks for 3-4 years and sell those if the stock becomes overvalued as per my analysis. With this strategy, your churning is high but you can generate 2% to 6% more returns from time to time. Another advantage of investing in stocks directly is that, you can find an individual stock undervalued easily as compared to NIFTY or Index, and you can invest lump sum with more confidence than in Index.
Disc : Holding IEX, ICICI LOMBARD, HCL TECH, HDFC BANK (since 10 years), MARICO. I may hold some of these for more than 3-4 years depending their valuations.
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