Update
Today marks exactly 6 months into my investment journey. While at the time of starting this journey, I had set myself a target of an annual return of 30%, I am pleased to announce that at present I am running at 116.23% XIRR.
There have been some changes made to my portfolio as can be seen from its current snapshot.
As you can see, I have made the following main sectoral changes in my portfolio mix:
- Replaced hospital stocks with Data Centre stocks - while the aging Indian population multi decadal play is legit, I realised that the Data Center industry is likely to experience an explosive growth in the coming few years. I hence, loaded up on Techno Electric and Anant Raj (and to an extent, Railtel)
- Replaced hotels with railway stocks - hotel stocks seemed to have reached saturation and instead I chose to ride the railway (band)wagon
The stocks HBLPOWER (on KAVACH theme) and Railtel are yet to give me substantial results, but I’m prepared to hold them for the next 2-3 months at least. - Lastly, I’ve reduced allocation in auto-ancillaries and exited JTL Industries in favour of retail consumption plays like Zomato and Godrej Agrovet (expected growth from its palm oil business) and renewables - Inox Wind and Green and HG Indra (solar entry).
I’ve also been maintaining a daily XIRR log, which seems to be forming a pattern after a significant amount of inputs. While I haven’t timed the market and have been investing a small amount every single day over the past six months, there seems to be certain trends and levels of resistance and support formed on the chart below. I might look to partially book profits and enter slightly heavier whenever the graph reaches the said points of resistance and support.
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