Today after lots of ifs and buts, finally I re-entered HDFC bank. The dominating reason is to give stability to the portfolio with moderate index returns of 14-15%. Instead of investing in Flexicap Funds, i felt more at home with buying HDFC bank directly.
( Top 3 Flexicap Funds, namely Parag parikh Flexicap, Kotak flexicap and HDFC flexicap with all 3 having 40,000 crore AUM are having HDFC bank as dominant holding. Around 10%)
Earlier I had sold HDFC bank, giving reason that I dont want to invest in very large companies , which may slow down my portfolio compounding. But stability of the portfolio is also an important factor when your most of the capital is in your direct stocks.
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