I realized that it’s the last day of this AY ’22 and hence wanted to close it off by sharing the current standings and all the rejig done so far to my portfolio.
My biggest worry was my portfolio concentration within the financial sector as it comprised 56% of the overall portfolio and has now reduced to approx ~40%. The biggest change has been partial profit booking in Yesbank and have decided to follow swing strategy which is to buy below 18rs and sell above 25rs (Based on the head/tail wind). Read some VP posts from @manhar and it actually made sense.
Some of the holdings % may have changed just because of portfolio rejig and I would mention that in my post. With that said here is the current holding details:-
Yesbank | 20%
In my last profit booking, I only sold the ones which were in green and continue to hold remaining chunk and will continue to apply swing strategy. In fact the opportunity came so fast recently during last Friday’s 23rd Dec massacre but till then I had already re-invested. As per my initial coverage of YesBank, I am still bullish on this script. It has lot of tailwind as the bank stabilizes and lending picks up further in the coming year and margins improve. I am also hoping further institutional and MF houses accumulation to happen in the new year and also the existing Institutions may continue to hold on to their high quantities as they see greener pastures.
IDFC First Bank | 7% (Unchanged)
IDFC FB is on a great path of growth and with added confidence in management and numbers paint a beautiful picture. This script is already a multi-bagger for me and I am expecting it to become 4X in AY23
RBL Bank | 7.1% (Unchanged)
I am at the cusp of breakeven on this script and hoping in next coming qtrs, I should be able to exit from here. My expectation from this script was only a decent 15% return in short term however the mgmt. related issues made the stock plunge and I became a long term investor. My expectation still is 15% and will modestly exit when I reach TP. I might use this fund to accumulate other existing holdings.
IBull Housing Finance | 3.5% (Unchanged)
Although I have strong belief in the housing market sector and was hoping this script would turn out to be a darskhorse but things arent going great here. The loan book growth isn’t promising and their cost of borrowing is very high compared to peers. The small fin banks have also upped their lending game and I don’t see a moat. I personally feel they should sell off their portfolio to a bigger fish and quit the game. The brand value is no more there and nothing extraordinary happening here to enthuse anyone. Its a tough game and a turnaround for IndiaBulls would be a pure magic. Currently at loss of 20% and will reconsider holding after breakeven if I see a positive change in loan book and lending. Fun fact Book value @359 
Equitas Holdings | 2.6% (Unchanged)
This one has also turned multibagger for me and honestly, I very much like this smallfin bank for what they are doing in the industry. With the HoldCo and Small fin Bank merger happening in the coming quarter, things will get further simplified. My sincere expectation is 20% return in AY’23 and I am happy to hold till perpetuity.
UPL | 6.2% (Unchanged)
I am very bullish on this largecap and it had turned multibagger for me in June’21 but I was aiming for the moon. -ve returns in the current AY but I am heavily profitable. I will continue to hold UPL as the agro chem sector in coming AY is going to act as a defensive sector in my portfolio. I am +ve that this script will be in ~900-1000rs range by end of AY23
Also I am going to slowly concentrate below chem holdings in my portfolio to 1 large cap (UPL) and 1 small/midcap.
Bharat Rasayan | 1.5% (Unchanged)
IPL | 1% (Increased)
Paradeep Phosphates | 1.5% (Unchanged)
INFY | 5.2% (Unchanged)
Infy has been through lot of bashing recently and with looming scare of economical turmoil in US and Europe, the script is trading at a reasonable buying space. This is a perpetual stock in my portfolio and I continue to accumulate when it falls a lot. The current buying range should be in 1300-1400rs for long term accumulation and dividend gain.
Latent View | 4.7% (Increased)
Analytics is a new-age tech and its application in various sectors is huge. I will continue to accumulate this script during fall and I am expecting it to be a consistent moneymaker in the years to come. I don’t see any alarms as well for now.
MGL | 3.1% (Unchanged)
Stuck in this script and require 8% to breakeven.
Sudarshan Chem | 4.5% (Unchanged)
Seriously stuck in this script and I am not at all interested in avg as I don’t see any interest in this script and in overall pigment chem. currently at 20% loss and awaiting opportunity to exit.
Coffee Day Ent | 8% (Unchanged)
I am continuing to hold CCD and expecting a nice turnaround in this script. I am very much keen on the Q4 results and if it plays well then expect a slow and steady run up to 100rs and further reach its book value.
NEW ADDITIONS
Affle India Ltd. | 7.1%
I was waiting for a good entry point in affle and finally was able to grab it at decent lower levels. Its one stock that is again a new-age digital tech company playout. The overall consumption in the digital space has exploded manifolds companies like such will surely be the beneficiary of the tailwind due to the intrinsic demand. I will accumulate further if it goes below my buy level in proportional quantities and expecting a good return in long term.
Sonacomstar BLW | 3%
I picked this up in the recent fall and although the script has given -ve 43 return in AY22, the demand in the domestic auto sector and EV space is slowly picking up and will act as a market mover in AY23 for Indian markets. Auto sector demand exhibits domestic consumption and given that India’s growth rate is expected to be way better in the coming times, this script is poised to surely benefit. Will continue to accumulate further if it falls.
Apart from this, I have smaller qty of Trident, AWL, Prince Pipe, Bector Foods, Symphony, and Vikas Lifecare.
I am little bit weary about the next few qtrs and hence sitting on a sizeable amount of liquidity for some better opportunities and just sipping some savings bank interest from IDFC FirstBank 
Also hedging my portfolio with some FUT contracts to shield against expected volatility in near future.
I have slowly started taking positions in other US Stocks and accumulating Adobe, Alphabet, UI Path and Amazon on monthly basis in smaller quantities for years to come.
My goal getting into New Year 2023 is to continue to experiment with various portfolio strategies which include but not limited to:-
- Portfolio Hedging Strategy
- Concentrate the portfolio to Max 10 stocks and reduce the amount of brain churn and simplification
- Slowly build and diversify into dividend yielding portfolio to reduce screen time
I checked my XIRR and it comes to 21.9%
Finally, I would like to wish you all a very Happy New Year 2023 and Happy Investing! 
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