25-years are like a million years in fast moving world, I agree. So many distruptions happening all around us. Lehmen vanished in 2008, It was fortune 10 company. EVs make take over conventional PVs/CVs. Online retail may take over completely over brick-n-mortar stores. People may go asset light, buy lesser cars and homes. A lot can happen over 25 odd years, I agree. I think you’re right, it’s a prudent approach to buy quality names and keep reviewing then. I think I will stick to midcap/smallcaps and review every quarter.
food, water, entertainment, sin themese are absolutely good themes to play. In Food, I have a small quantity in Venkys. Entertainment is an exciting theme, I like PVR in this theme. Sin, I have som distillieries, their hunter beer is doing well and is launched in 4 states in US and will be expanded to all 50 states in FY19 per their MD.
I know I wish we had companies like Coca cola here. I think it’s safe to assume HDFCBank & Kotak Bank are that kind of stocks. Dabur is an exciting company in FMCG space, I personally like their products. I beg to respectfully differ on IT story of India, most Indian companies have a big moat (TCS, Infy, HCL). These companies are Debt free, have huge NPM, we have lot of skilled cheap labour available. Yeah, you’re right themes would change there, there may be more AI, DevOps, Automation, more focus on SMAC, but these company will mast that too and they are already doing that. I also like Cyient in this space (it won’t qualify for this portfolio as it’s not a Nifty 100 company).
Food: I m eyeing Venkys in this space and will add if it falls more. One business that entire India loves is Food business. I think I would be able to buy n hold Venkys for very long, unless their auditor quits
Housing: Eyeing Kolte Patil n Oberoi. Both came with awesome numbers. I think Oberioi will do better as they’re into premium segment, which is quite immenue to slowdowns.
Clothing: Some good companies here (Page, Dollar, Lux, Rupa), but very expensive space. Won’t buy looking at the valuations.
@sivaprakasamp Only problem I see in Real estate is the slowdown. All builders have huge unsold inventories. Builders are forced to sell at lower prices. It’s a classic demand supply problem. Unsold inventories show that demand is less, supply is more. In this scenario, builders are going to sell few flats at sub par prices, which would reduce the margins. I see many builders going asset light model (Kolte, Oberoi), which is a good thing. I am really tempted to buy Kolte/Oberoi at the current valuations, but I would wait n watch for a while before buying big.