Thanks Rishab, for the reply
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I’ll start to make sure that concentration in finance is lowered gradually. Although I’m trying to find sectors where I could diversify but current valuation there is limited options to me but for sure would lower weight i finance. More of I have started increasing exposure to Kotak and Bajaj Finance which would reduce HDFC and AAVAS exposure.
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Rational for Rajesh Exports: I try to put around 5% of portfolio in risky companies, where if it works then would give me great returns or I’ll okay discarding that investment. The reational, I started investing around 450 and downward averaged till 400. The BV was 500 which gave me sense of a bit safety along with reserves, although I was aware of the corporate governance issues but I also believed that it was fortune 500 company with one of the biggest gold producer/refiner in the world. Yes the corporate governance issues are there but when I entered I had not expected this much pain, currently sitting with 30% loss.
Questions:
What sectors whould you suggest me to study for reducing my exposure to finance, as mentioned currently looking in consumer durables and chemicals. I’m afraid as chemicals, realestate and all these sectors are cyclical, and here the goal is completely longterm with active reshuffling of capital.
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