After a long break on the sidelines i finally managed to invest again. Ive been keeping money aside in an emergency fund as mentioned before to cover for business expenses for 2 years. I had all that money saved in my idfc fixed deposit account. While the returns pretax were acceptable at 7+ percent the 30 percent tax hit would bring that down to a rate im not happy with. So i took all of that money and put it into embassy office… well half of it… was tricky buying a large number of units at sub 325 … will put the other half in over the next few days at hopefully under 320. I already have about 25 percent of my wifes PF in Embassy(in reality its now about 20 percent due to the sharp rises in ITC and RITES) at rs. 308 and now ive added my share too. Its basically now an alternative to owning a second flat for us without the tension of collecting rentals and doing the paperwork and maintenance and overpaying for property ourselves.
Ive been a fan of embassy offices for more than 2 years now and if anything the situation has gotten even better now(paid 308 when there was covid and work from home uncertainty and NAV at 386 and paid 325 now with most of that uncertainttly removed and NAV at 400). The rules of reits are simple… buy at 20 percent discount to nav and yields near 7 percent(with minimal tax hit) and attend concalls and read quarterly reports like a hawk. Promoter selling and unrelated to the reit unit issues + rising interest rates has led to the drawdown in price and the business overall is on a steady footing. All of the money is still very liquid too and i can always sell units closer to nav if needed. So while not a debt instrument by any means… i much prefer having my money tied up here over FDs. As a bonus il be using the quarterly payouts to cover rent of one of my offices while im comfortable with capital protection too at these levels.
@Mudit.Kushalvardhan Majority of my money is still in laurus from under rs. 200 and the rest was mostly in deepak nitrite from rs. 500 to 600 So one can extrapolate my gains from there(deepak money and savings now in embassy though). Taken a few hits with intellect and vaibhav but theyve evened out with idfc. My wifes pf is majority in itc(200), rites(235) and oracle(2900) and embassy(308). So again one can extrapolate from there. Cheers
@Jai_Sipani
I dont follow nazara tech unfortunately
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