From this itself I would say you are overexposed to Materials. Most of these companies are cyclical in nature. You can consider increasing exposure to Banks to 15%. IT should also be reduced atleast below 20%.
And I dont see any weights for the Automobile sector as well.
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In my opinion the bull run in the Indian market has slowed down and although it might continue [just a little slower], i think its time to own quality stocks instead of just growth stocks. You have way too many growth stocks as well. Stocks like Datapatterns, Ideaforge are valued a little too expensive in the current markets although they might be good businesses.
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