Model Portfolio Of Stocks By HDFC Sec

As the new year dawns, investors in Indian stockmarkets recognise that the ‘Modi reset’ has been the highlight of 2014, but is now a fait accompli. It was driven by a surprisingly clear poll verdict (the weak, left of centre command-and-control dispensation was replaced with a pragmatic, right-wing regime). Equally, luck has played its part with falling crude prices helping to contain the fisc, CAD and inflation. The ~31% jump in the NIFTY over 2014 confirms that India’s twin Achilles heels (poor governance and external dependence on oil) are on the mend, whether via fortuitous or crafted paths. A further broad market reset is unlikely, ergo we believe 2015 holds alpha opportunities for the diligent investor.

HDFC_Model_Portfolio_Update_2015