Hi rajeesh ji, even I am a novice and have a lot to learn but I actually believe you have too many stock in your portfolio about more than 30. It’s tough to track and even for example you have a 1%allocation in ITD Cem and just let us say it’s stock price goes up 50 times, which is an incredible thing. Your portfolio will only go up 0.5 times, which does not change much, my suggestion even if you are a conservative investor keep only the number of companies you can track, ideally speaking less than 15. And the diversification you want can be high quality companies across a number of industries and not concentration in one industry. That will give you nice exposure. And this I am suggesting for the long term.
Sincerely,

Hi siddarth, I do not know the exact answer, but I’ll tell how I think of it sometimes I look at developed countries and certain industries and how they developed and I just see if there is a company like that in India and it is not possible always but I try to see parallels among them. I would like to give 2 examples : CDSL and CRISIL.
See in USA, the participation of everybody in the capital markets is a lot and only increasing but not decreasing almost 25-30% of an american family’s net worth is exposed to equities directly or indirectly.
In India, which has a heavy bias towards real estate and gold, only 4% of Indian wealth is exposed to equities. As financial literacy increases, and more capital is exposed to equities the capital markets and the companies related to the market will benefit. This is a structural trend I believe and being one of the only 2 depositories, CDSL is bound to have a long runway for growth.
Previously 2 decades back the accountability of listed companies was very low and even today I would say it is not up to the mark. As the financial industry and capital markets mature, ratings companies of India will progress just like S&P and Fitch ratings of USA. Even today many mid cap and small cap companies have dubious ratings companies and these unconsolidated players will lose market share and both the pie of the ratings industry becomes bigger as well as the pie share of the big players will also increase. According to me these are long term structural trends.
This is my personal opinion I would love to hear any other person’s take on this

Also VP is good forum to discuss. However if you are investing your hardearned money, please also study on the side from YT or do some good courses.

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