Today, I’ve reduced the allocation in CUB to 2%. I do feel that CUB is trading at cheap valuations. But with markets running up , I feel that the stage 4 stock might just underperform in the next quarter. The opportunity cost is relatively higher here. I will look to increase the allocation once CUB enters stage 2.
I’ve used these funds to increase my allocation in Pricol, Angel one and Satin.
I’ve also added MM Forgings into my portfolio. They have been performing great in the past couple of years and have given a 20% volume growth guidance. With the expectation of interest rate cuts, I’m looking to add more of manufacturing oriented business who have high aspirations. MMFL fits right into this bucket.
Updated portfolio :
| Banks | 48.50% |
|---|---|
| Equitas | 18.00% |
| HDFC Bank | 13.00% |
| Axis Bank | 5.50% |
| South Indian Bank | 4.50% |
| IDFC First | 3.50% |
| City Union Bank | 2.00% |
| Kotak | 2.00% |
| MFI | 14.00% |
|---|---|
| Satin | 5.50% |
| Arman | 3.00% |
| Spandana | 2.00% |
| Ujjivan Financial Services | 2.00% |
| Credit access | 1.50% |
| Manufacturing | 8.50% |
|---|---|
| Pricol | 7.00% |
| MM Forgings | 1.50% |
| NBFCs | 6.50% |
|---|---|
| Ugro capital | 2.50% |
| IIFL | 2.00% |
| Mas Financial | 2.00% |
| Textile | 6.00% |
|---|---|
| Rupa | 2.00% |
| Dollar | 2.00% |
| Gokex | 1.00% |
| Welspun | 1.00% |
| Chemicals | 4.50% |
|---|---|
| Sharda Cropchem | 2.25% |
| Kama holding | 2.25% |
| Market linked | 2.50% |
|---|---|
| Angel one | 2.50% |
| Real estate | 1.00% |
|---|---|
| Sunteck realty | 1.00% |
Cash 8.50%
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