Good returns but it’s wrong to compare them with Nifty50 as the latter is not a representative benchmark for you. Your portfolio is heavily tilted towards small and microcaps where risk premium is always considerably higher than Nifty 50 index. If some PMS fund manager came to me and asked me to give them 100 dollars and then told me that they would invest all that money in small/microcap and deliver 10% more return than Nifty 50 in next 5 years, I’d not be impressed.
However if that return was 30% over and above Nifty 50 then I’ll think about it. At the same time if they told me that they would deliver to me small caps index return then again I’d not be very happy as I can buy a small caps index myself and save PMS fee.
Finally, my humble opinion is that buying 50 stocks and churning them every 3-4 months is not a great strategy for wealth creation (I’m yet to see anyone building great wealth over a long period of time with this strategy) unless you are regularly beating the representative index or mutual funds (having the same portfolio mix). If not, you are better off buying representative index and mutual funds and reduce your opportunity cost, unless, again, you enjoy the process of investing and analyzing companies.
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