Nifty is up at 10,700 and my portfolio went down to 11% loss when the mid-caps faced correction. Didn’t post an update on 5th may due to personal commitments. Many companies will be posting results in the month of May (2018). I am looking forward to seeing my portfolio even out and then exit from all the companies and switch to smallcases. I have 6 smallcases in my list where I will be investing. I don’t mind investing in companies myself but based on my experience, it will be difficult to manage 12-15 companies and track them every week. Now they say that you shouldn’t look at daily price changes and I agree, but look at what happened to PC Jeweller and Vakrangee. If someone invests in such companies and things don’t work out he could lose a lot of money. And I don’t think one can just invest Rs. 1 lakh in 10 companies and forget for next 5 years. Hence I will be switching to smallcases. You get the best of all the worlds – portfolio investment (6 smallcases mean atleast 50+ companies), a team which manages it and makes all the changes (every quarter), past experience etc.
Right now 4 companies are in green whereas 19 companies are in loss.
Changes Made :
As of May 8 2018, this is my portfolio performance.
|Instrument||Qty.||Avg. cost||LTP||Current value||P&L||Net chg.|