After going through your reply, I have understood that, HDFC LIFE was trading at premium valuations before 2022 i.e. P/B > 10 most of the time. This has attributed to poor returns if someone has purchased it 2-3 years back.
Though I purchased it during downside in 2022-23, still my returns are poor.
May be, going forward, with relatively lower valuations in terms of Embedded Value Vs Price, it may generate moderate returns.
No one knows until it happens.
Disc: Invested from lower levels of 2022-23.
| Subscribe To Our Free Newsletter |
