Yes, HF exposure is high and I’m working to bring this down. Recent adjustments made as indicated earlier in this thread are my increased exposure to PI Industries and MPS and since I do not have any extra money, I have moved some money off HFCs into PI and MPS. I will update the PF once I’m done with the adjustments. But Repco will have highest allocation in my PF at least for next 2 years.
No Pharma as I do not understand the products (for example, Torrent has this Abilify recently, but not sure what raw materials go into making it, what is the demand, how to find the next product company will make etc.) though broadly I very well understand what the Indian businesses do (APIs/Formulations/CRAMS etc). But Pharma is a very big opportunity unfortunately I will have to give it a pass. As Buffett says, I do not have to make money off every opportunity, I’m fine with what I understand. But if I can gain enough conviction on a pharma company, I will surely buy into it.
Exactly for the reason you have mentioned, I have invested into MPS for that ALPHA. My PF is a bit large, so safety is prime importance and then comes Alpha, though recently I’m trying to be a bit brave for Alpha.
Thanks and please do visit my PF once in a while for your suggestions.
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