Before we start, let me mention that I have already read the Wiki and fee only advisers have told me that they do not recommend mutual funds/stocks to invest (they can only help with % allocation).
My current portfolio:
Vehicle
Category/Sector
Name
Mutual fund
Direct - Growth
ICICI Prudential NASDAQ 100 Index Fund
Direct - Growth
Motilal Oswal Nifty 50 Index Fund
Stocks
FMCG
ITC
FMCG
Godrej consumer
BFSI
SBI
BFSI
L&T Finance
Pharmaceuticals
Cipla
Pharmaceuticals
Sun pharmaceuticals
Others
BHEL
Others
Coal India
Others
IOC
Others
ONGC
Others
Hindalco
Others
Sumitomo chemicals
Others
Jubilant Food Works
Others
Maruti
Others
NECC
A few facts:
My current portfolio:
Vehicle
Category/Sector
Name
Mutual fund
Direct - Growth
ICICI Prudential NASDAQ 100 Index Fund
Direct - Growth
Motilal Oswal Nifty 50 Index Fund
Stocks
FMCG
ITC
FMCG
Godrej consumer
BFSI
SBI
BFSI
L&T Finance
Pharmaceuticals
Cipla
Pharmaceuticals
Sun pharmaceuticals
Others
BHEL
Others
Coal India
Others
IOC
Others
ONGC
Others
Hindalco
Others
Sumitomo chemicals
Others
Jubilant Food Works
Others
Maruti
Others
NECC
A few facts:
- I know I have a lot of stocks which is unhealthy. I haven't touched my portfolio since 3 to 5 years.
- I want to invest in following sectors
- FMCG
- BFSI
- Pharmaceuticals
- Technology
- I want to invest for a long term horizon (20 years).
- My goal is wealth creation/retirement.
- Are my mutual funds sensible given that I want to cover local and global market with top companies? My mental model is that only the high performing companies will be in the list and low performing will be replaced. So the markets will always go up and my fund value will increase.
- Which stocks should I get rid of? I don't care of dividends as they are marginal anyway.
- Which stocks should I continue holding?
- Which stocks should I add?
- In general, for #2, #3, and #4, I want to understand what are the key metrics I should look for while determining a company to invest in? While I know P/G ration, Debt to income ratio, etc. exist but I get overwhelmed with suggestions every time.