After a long time…Update on my portfolio. some Major revamp …some portion increased to Mutual funds.

I like the clarity in thoughts of Mr. Sorab and how he is articulate to understand the market dynamics. He has so far proven to be real successor for Mr Vijay Agarwal. He seems to have a vision for the future. He has been conservative in giving guidance previously (in concalls). I have super conviction in ACE and the management so far. India needs at least 10 years of continuous investment in the infra sector to even think of trying to compete with China.

Discloser: Invested from very low levels since Covid crash in the company. It has the highest allocation of my folio. 35%.

Plz don’t reply with your details on the group… DMe directly and I will coordinate q

@hitesh2710

Thank you very much for the answer sir, as always.

What kind of change have you seen since your investment journey has started, or at least in the last few years, w.r.t to the returns being generated?

If we take the case of large cap mutual funds, they are struggling to beat Nifty. Is it the opposite with mid cap and small cap stocks that you participate in, there are more returns here now, reasons being portions of SIPs which are directed towards mid and small caps, some direct participation from the retail because of social media, FOMO, IPO frenzy, network effect bringing in more people, so all in all, liquidity is growing, and this has a direct impact on the returns?

Are you finding it easy to do what you are doing, not only because you have grown and matured as an investor and have gained great knowledge and wisdom, but also because of the growth of our market with Indian participation, what was once considered a cushion is now strong and growing, so returns from mid and small caps is more?

Or is it that, even at your level, you don’t consider liquidity as a factor, unless you are buying illiquid names, so I, who is small, should not even bother about liquidity, and concentrate on learning.

I ask this sir, because, many times I wonder who is buying what I am buying and why are they buying, I know that these are companies and these companies do something, but price momentum does not necessarily mean a tailwind always, it could just be an intermittent sprout which may subside quickly, and as such, I try to be agile and sell into strength. How else could I define a 15% return in a month, if not for the liquidity?

I am finding my place, but I want to be confirmed that the ground is stable, so my question.

Thank you.

Market Views – March 2024

India story remains intact. stay invested