Anoop bhaskar is leaving IDFC fund management team, Manish Gunwani is the new head of equity. My investment thesis for IDFC Tax Advantage is ‘‘under review’’
Staying put with Axis LTE. IRR has fallen to 11% from start of investment. My judgment is IRR will bounce back to mid to high teens. I am not sure whether that will be 2023, 24 or 25. ICICI pru value discovery which is topping charts now were in bottom quartile for 4 long years from 2016-2020. Overall my patience levels are very high when it comes to under performance
On the portfolio level, continuing with the same portfolio. Looking to build positions in HDFC bank and HCL tech
Patiently trying to find opportunity where I can hold through multiple cycles and grow with the company. Following are my criteria as explained in the thread above
- Company with proven track record. I am not good at finding transformation from broken franchise to strong franchise rather I will invest when franchise is intact while growth is broken
- Management with proven history of excellent capital allocation
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