Going forward and starting now I will be giving annual earning updates and my general view on it as there is nothing to add much on qoq basis
FY 23 – Financials
Portfolio companies – HDFC Bank, Kotak Bank and Bajaj Finserv
According to me financials are easy trade if we act dumb. Following chart from hdfc bank ppt is the proof for that.
Its a consistent high teens earning growth story if lenders are prudent in good times. High teens earning, that too consistent and that too for long term, 10+ years – all this with excellent quality of growth: high teens ROE.I believe this is a high benchmark for even a micro cap company
Therefore, the idea is to go with obvious names but allocate as high as 30% (i am already thinking 35%) and hold across cycles. Over a long term, returns will mirror earnings and i expect high teens earnings growth from large financials. The only effort required is fighting FOMO in times like these when psu banks, micro finance lenders are showing excellent growth and more importantly your fellow colleagues have them in portfolio and you dont 
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FY 23 pat growth
Kotak bank – 23%
Bajaj finserv – 64%
Hdfc bank – 21%
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