2017-2018 i inherited portfolio from my dad and it put a lot of responsibility on how to steer it. I coudnt go wrong was my no1 objective second was to compound it well. I got more so agreesive on learning read magazines read books on investing , started following some legendery investors samit vartak of sage one , vijay kedia ji & others.
2018 – 2020 was a lackluster period where quality did very well and mid and smallcap didnt do well . Luckily portfolio had companies like Colpal, HUL ,abbott hdfc bank , trent, castrol India which was doing fine. I used to check results follow the buisness and i felt comfortable as PF was growinng in double digits .
2020 hit and thats where transition of portfolio began for me. Fall was decent PF fell i guess around 30-40 % and being in quality names didnt bother much as i said they will come back eventually.
My first encounter to go into midcap and smallcap happened when i looked at Laurus labs @ 90rs in 2020 June . I started following business and i liked everything about business but was worried about market in generals and i missed it at 100 , then at 150 .
I took advisory in 2019 of Intelsense @basumallick and his reco on Laurus i missed .
I was too cautious to not loose money that i was in decision paralysis . I lost a 6 bagger in a year ( closely monitored & understood ). Mistake of omission.
Journey to midcap and smallcap started post that when i said to myself i will evaluate business and not let my past ( losses ) fear of lossing money come in way .
Dada helped and guided on psychological thoughts as i always used to ask dada how do i sell castrol and buy a midcap company. His handholding has helped a lot in my journey.
Next midcap idea was Elecon Engineering , i had dabbled in elecon in 2008 @ 180 and sold eventually @20 i knew the company and that past encounter helped me . My thoughts were this company has gone through worst but never closed. Story of margin expansion sales growth and debt reduction was visible to my eye . I loaded it @180 then @220 and then at 370 . Was a sizeable 5-7% size at cost. Recently exited around 1200 . That was first big win on large size allocation
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