Mihir's long term portfolio

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13

Long time without an update - Have increased weights in

  1. Reliance Industries Limited
  2. Bajaj Holdings and Investments Limited

and have added a few stocks

  1. SIS Limited - Largest Security player in India and Australia, growing rapidly in India. Well managed, very decently valued and looks well placed to capture growth story. You may read my thesis on SIS forum.

  2. CE Infosystems - Interesting company. Have entered with a small tracking position. Geospatial technology has tremendous potential with the rise of digitization of automobiles added with rise of use in e-commerce. Monitoring and understanding to value the company before committing a higher amount.

  3. Kama Holdings - Holding company discount at all time high of >80%. Similiar bet to Bajaj Holdings. Strong underlying company in SRF.

  4. PI Industries - PI Industries is imo the strong agro-chemical company in India with unmatched capabilities in CSM. High spend on R&D + focus on areas other than agro-chemicals read electronic chemicals, additives and pharma will drive second leg of growth.

Have exited from Jagran Prakashan & Sasta Sundar as my thesis has played out and the company has delivered way above my expectations since my buy price.

Here is how my portfolio looks as on date

  1. ITC - 21.8% -
  2. Bajaj Holding - 12.8%
  3. IndiaMart Intermesh - 10.4%
  4. SIS - 9.23%
  5. RIL - 8.9%
  6. HCL Tech - 6.6%
  7. HDFC - 5.2%
  8. PI Industries - 4.9%
  9. Kama Holdings - 4.1%
  10. Godrej Agrovet - 4%
  11. CE Infosystems - 3.6%

My XIRR / CAGR Returns for 2.05 years comes at 32.13% vis a vis Nifty returns of 20.65%.
In a bull run, it is not surprising to do well, so there is nothing to talk about unless it is possible to do it over one business cycle and my portfolio size is also changing because of low base effect. Let’s see how it does over a 4-5 year period.

My aim is for a 19% CAGR which should double money every 4 years.
My investing style is evolving and i can see myself deviating from some of my principles which I may have mentioned at the start.

Looking forward to criticisms/ opinions if any.