Below is the extract of my letter to my first client regarding Investment performance:
Dear Mayank,
Thanks to your support, as always, Aug 1, 2019 completed another year of investing in direct equities.
Conservativeness + Caution + Anti-Selection were the cornerstones with which the investment process was carried out.
There were 9 stock-investments which were made during the year. Of which, I exited 2 of them fully and 1 partially, giving a realized return of 49.8%. Of the balance (6.5 stock-investments), 3 stocks constitute 85.2% of the total value of the portfolio, viz. Hero Motocorp (58.8%), Bajaj Auto (13.0%) and Radico Khaitan (13.4%). All the above 3 largest holdings are in the positive territory, with unrealized gains as: Bajaj Auto: 9%, Hero Motocorp: 4.5% and Radico Khaitan: 16.2%
I am reasonably confident of the above holdings along with others giving healthy returns; that has been a constant endeavour and not to over-emphasize once again, without exposing the capital to undue risk and permanent loss of capital.
Your gross return for the portfolio has been 13.87% for the captioned year (August 1, 2018 to July 31, 2019). Total value of your portfolio as on today (August 9, 2019) stands at INR 52.19 lacs.
Disclaimer: Please note that these are my personal views. While, I am NOT a registered Research Analyst as per SEBI (Research Analyst) Regulations, 2014, all investors are advised to conduct their own independent research into individual stocks or industries before making any decision. In addition, investors are advised that past stock performance is not indicative of future price action.