My earlier concerns that, AMC stocks are actually not the compounders but are cyclic in nature and also subjected to regulations seems to be true with some of the events in past few months.
At best, these AMC stocks can be bought and hold for 3-4 years and Timing seems to be more important.
With poor growth in our Per Capita GDP, situation will become even more difficult for these AMC companies for next few years.
Though I am invested in HDFC AMC, my earlier concerns have actually played out and more caution is due while investing in such stocks in the backdrop of poor GDP growth which seems to be a long term event now.
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