I would first like to ask…you provided weights as per market cap…where is the other allocation since the total of the same is not 100%
I am a CFA Level 1 Candidate and it has been 2 years since I took charge of my parents portfolio. (Have been personally investing since 4 years).
The primary problem with our combined portfolio was the same. We had around 48 stocks.
Over the last year I have brought it down to 32 Stocks.
There are certain biases in our minds when it comes to selling stocks. These include but are not limited to Loss Aversion, Endowment etc.
I suggest you to first look into your portfolio composition. I would suggest to not hold too many stocks in the same sector since they have a high correlation. Examples in your portfolio are like Wipro, Happiest Minds, TCS and Infosys which are all software companies.
Next are investments on which you have made significant losses. Book them.
Let me know if you are interested in more advice I can look into it.
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