Update: Booked partial profits in SBI and ITC. Added tracking position in Mindaind, NTPC and USL.
Cash increased to 80%
Partial cash parked in following Debt fund categories.
- short term debt fund
- banking and PSU debt fund
- Gilt fund
- liquid fund
First 2 categories have given better returns so far.
Its been more than a year since I started this thread. Here are some of the observations / learnings so far
- I was making decent 7-8% in debt/FD and having liquidity
- March’20 - the correction that I was waiting for since 2 years begins
- I was expecting a deeper correction so I could deploy only 20% cash but got good entry points in some stocks in my watchlist
- The recovery was so quick that I could not deploy the remaining cash. I did not believe the April/May pullback rally would sustain.
- Got in and out of some stocks over last 9 months with returns ranging from 20-40%.
Observations:
- Random stocks portfolio built in March around 8500 Nifty would have given 70-90% returns till date.
- Central bank actions had a major role in V shape recovery. The rate at which money was printed after last financial crisis and the current crisis was completely different.
Thank you,
Hiral