In order to guide our clients for building a diversified portfolio that can help in sustainable wealth creation, we came out with a model portfolio on April 01, 2013. Later, we released updates of Model portfolio where out of 15 recommendations, 8 stocks viz.; Bata India, Havells, HUL, IndusInd Bank, M&M Financial, Britannia, Tech Mahindra and L&T achieved their targets in less than the stipulated time. The average return of the 8 stocks out 15 that have been booked after they achieved their respective targets stood at 19%.
In our current portfolio, out of 7 running recommendations we are replacing NTPC and Shriram Transport Finance (due to their subdued performance) and adding four new large caps viz., ICICI Bank, ITC, Tata Motors and Sun Pharma.
This is an update of the Model Portfolio and it can be used to reshuffle existing stocks.
In case of any stock specific change and event based happenings, we will update accordingly.