Aug 2024 portfolio update:
Short update:
- Again, did nothing but observe & track where’s the wind blowing in both private & public markets
- Added more to IEX after June 2023 since it still presents a compelling long-term opportunity due to its strong fundamentals, optionalities, growth potential, and alignment with India’s energy transition goals while keeping an eye on regulatory changes wrt to “market coupling”
- Continue to track a few existing positions for further allocation like EFC, WONDERLA, AMARA RAJA, BAJAJ FINANCE
- Cash position is 4.3% (slightly higher than last month)
- Still can’t build enough conviction on “wealth management” space. Added a few more names to study further.
- Portfolio churn for FY25 remains low at 4.5%
| Stock name | Weight | Avg P/E | Current P/L % | Total P/L % | IRR % | Action |
|---|---|---|---|---|---|---|
| TIPS LIMITED | 11.6% | 18.1 | 272% | 293% | 90% | |
| MOST 100 ETF | 8.0% | 18.1 | 63% | 65% | 29% | |
| TATA INVEST CORP | 7.1% | 25.6 | 289% | 293% | 139% | |
| COAL INDIA | 6.9% | 4.5 | 79% | 87% | 92% | |
| DIXON | 6.5% | 35.3 | 400% | 647% | 101% | |
| BANK BEES ETF | 6.4% | 12.2 | 39% | 39% | 18% | |
| BAJAJ FINANCE | 6.3% | 21.6 | 37% | 43% | 13% | |
| TITAN | 6.1% | 47.2 | 94% | 110% | 24% | |
| IRCTC | 5.8% | 27.2 | 131% | 176% | 49% | |
| VARUN BEVERAGES | 4.5% | 48.1 | 67% | 69% | 53% | |
| IEX | 4.3% | 21.8 | 124% | 102% | 26% | Added more |
| CASH | 4.3% | – | – | – | – | |
| INDIAMART | 4.1% | 40.5 | 22% | 64% | 35% | |
| PIDILITE | 4.0% | 53.5 | 62% | 77% | 18% | |
| NARAYANA HEALTH | 3.8% | 23.6 | 35% | 36% | 33% | |
| AMARA RAJA | 3.4% | 13.4 | 124% | 126% | 124% | |
| TATA ELXSI | 3.2% | 34.4 | 84% | 179% | 52% | |
| WONDERLA * | 2.3% | 36.3 | -3% | -3% | -7% | |
| EFC LTD * | 1.5% | 35.1 | -10% | -10% | -57% |
- (asterisk) signifies <1 yr holding period
Here’s the return profile till August 2024:
| Total returns | 1M | 3M | 6M | 1Y | 3Y | 5Y | Since inception |
|---|---|---|---|---|---|---|---|
| PORTFOLIO | 4.0% | 15.2% | 14.4% | 46.0% | 14.9% | 26.1% | 23.6% |
| NIFTY 50 | 1.6% | 11.5% | 15.1% | 29.9% | 14.2% | 18.0% | 15.3% |
| NIFTY 500 | 1.3% | 11.9% | 18.7% | 39.5% | 17.0% | 21.6% | 16.7% |
Note: 1/3/6M is in absolutes while the 1/3/5Y/SI is annualized. The inception date is 10th Nov 2016
Disclaimer: I am neither a financial nor a SEBI registered advisor. The content shared here is only for learning purposes. So please use your discretion to make any buy/sell decision and not use the above as a recommendation.
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