Sold off IDFC Bank and split the funds equally between fusion micro finance and arman finance.
Both are micro finance, Arman is quite small, technically seemed good point for entry. IDFC bank was only bought coz it had fallen to 30.
Have invested in Arman before, it’s a legend in micro cap investing circle, Fusion listed recently and seems a better bet than satin, spandana etc. IDFC Bank seems technically ok for exit, it’s likely to consolidate below 100 for a while.
Basically got greedy, IDFC can do 20% cagr easy for next 5 years but if credit cycle lasts that long then riskier companies can do better, IDFC was my only mid cap bet, now all are small cap. Being careful though in choosing better ones in a risky sector, the growth trend is just coming back. Anyway had been reducing IDFC slowly by selective sell for the largest withdrawals.
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