Let us get the geopolitical tension addressed. Obviously, what is happening in the border is far more serious than my or most other people’s portfolios. We are a $3-trillion economy now. Even if matters were to escalate, the financial hit to the Indian economy is very tractable. It is the world’s sixth largest economy now and even in case of a conflict in scale of Kargil, the financial hit can be dealt with but obviously the human cost is on a different level. That is why the market is relativel ..
It has been a good ten years now. The nominal GDP growth in India has been around 12-13% over the last decade or so. In only one out of the last 10 years, has the Nifty earnings growth been commensurate with India’s GDP growth. Overall Nifty earnings growth has been miserable for five-six years. My reckoning is this is not going to go away easily. It is not a question of the Nifty suddenly recovering one year.
What is increasingly happening as we become more affluent is that a bigger pa ..
Then there are another eight, nine stocks where I take a tactical view. For example, my tactical view is that the housing finance companies and NBFCs will cede market share rapidly to the private sector banks. So I will add a couple of other private sector banks to my portfolio. They might not be of the quality of HDFC Bank. but they will be able to benefit from the shift in market share.
Similarly, I am not saying IT and pharma are structural bets for me but given the extent of the ru ..
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