Gurjot Portfolio

Hi Mudit,

Thanks for the questions. Below is my latest portfolio performance (Jan 2015 – Nov 2022) which becomes 17.5-18% CAGR over ~8 years including dividends. All MFs publish their returns pre-tax so if you subtract 1-2% returns from my PF, then you must subtract the same for all mutual funds as well.

1. My portfolio XIRR has comfortably beaten both the funds mentioned by you over the same time period (1 Jan 2015 – 30 Nov 2022)

• SBI Focused Equity DR-Growth – 14.3%

• HDFC Flexicap Fund DR-Growth – 13.4%

2. I’m already invested in Nippon Small Cap mutual fund and that has been one of the best performing funds indeed, infact I created a video on that as well recently. However, it’s not wise to invest 100% of your PF in a very volatile small cap fund. It comes with very high risk-reward and NAV volatility which is not suitable for majority of investors.
   Why Time in the Market beats Timing the Market! From -20% CAGR to +18% CAGR – YouTube

3. Not necessarily, there are umpteen studies to show actively managed funds are fast losing ground to index funds and how difficult it is becoming for active fund managers to beat broad indices. Yes, there are still many actively managed funds which have done really well and there is some juice left as India is not yet fully discovered but indexing will likely be the best choice for most people in a few years.

4. I shared 2 more clippings from that interview on my [Twitter handle] where I mentioned that I use multiple investing strategies in my portfolio and Coffee Can is just one way of identifying good businesses. (https://twitter.com/gurjota/status/1592844732161732608?s=20&t=XvDC9hAowVUJS5oLzhqm2Q)

My answer on the high portfolio churn –

None of what I do or have done is perfect. It has worked out well for me so far. I hope this is helpful and please take everything I say with tablespoon full salt.