you have chosen top companies from N50 and NN50. fine. again you are investing on the same index by mutual fund. so its like you bought chicken to cook at home and also you bought chicken curry from restaurant. what s the logic behind this? there is huge overlap. if HDFC bank goes down, N50 goes down as well and your portfolio goes down. so better to avoid the concentration. N50 top 10 companies provide the largest market cap, if you already hold those, then what else u will get from nifty50 mutual fund? also, I have tracked Dmart for some time. the PE is 91. is it worth investing ? same for many other stocks in your portfolio.
I am personally holding bajaj finance, hdfc bank, HUL, divis.
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