Many people have been asking me this question…’You say all this…but where do you invest?’.
Well very clearly I invest only in equities. Other than a small amount in debt (which should be say next 4-5 years household expenses) + some money in PPF and planning to open a Senior Citizen Yojana a/c for my parents…it is equity. Mostly direct equities – and the portfolio has been built over a long, long period of time. Like the article on ‘ghee’ that I had written a few months ago….
However there are some S I Ps which are running…2 Hdfc unit linked young star plans (for those haters of unit linked plans here is something to throw brickbats at), and some SIPs in Icici Prudential Discovery, I Pru Dynamic, Hdfc Top 200, Hdfc Equity, Hdfc Prudence, Templeton India Growth fund, Franklin India Bluechip, Templeton India pension plan – largely my parents and wife’s money rather than my money. Most of the funding into these schemes are because of dividends from equities.
Suddenly saw that the SIP return on I pru discovery, Hdfc top 200, Hdfc Equity…are all in the 25% p.a. PLUS…quite a bonus I guess. MY expectation was about 12% – of course these returns have been over the past 3 years. To me this is really theory – my SIPs are older than 3. In fact only TIGF, I pru discovery, and I pru dynamic are still running – maybe for another 12 months. The longer term averages are also far better than being in an index fund. So index funds can wait – in fact got out of a cnx 500 fund when i saw that most of the schemes which had cnx 500 as a benchmark were beating the index and quite nicely!
So here is the answer about where I invest…most of you guys know my equity portfolio anyway 🙂 The best performer in my portfolio is a nice chunk of Coromandel International – the share is now a disproportionately big part of the total portfolio, and making me a little nervous.
Do I not have real estate at all? The answer is yes, I do. Have an office in Fort (funded by Harshad Mehta’s boom), one residential property in Nerul…that is all. Nothing much, but yes both participated in the boom…and will fetch a nice price whenever I need to get rid off. One small investment in Chennai – but not much. Again not liquid…so not much to call as an investment…But yes no investment property except a small stake in a spv…not sure when it will be liquid…
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