Some offbeat Sunday Reads:
A life worth ending (Nymag)
Death of a hostess (Time)
Justice in Guatemala (Prorepublica)
The Bhutan escapades (TeamBHP)
Movie Review:The Grey (BharadwajRangan)
Book Review:Em and the Big Hoom (JaiArjun)
An open letter to a prospective Indian Employer (GreatBong)
In an earlier post, I had mentioned about coat tailing…wherein you follow a seasoned investor into a particular stock.
Prashant Jain of HDFC Mutual Fund is one of India’s best mutual fund managers.
In his recent letter to investors, he urges them to buy stocks NOW .
It would be interesting to see where he has put his own money to use.
He runs HDFC Equity fund with around 10000 Crore in assets.His top 10 holdings (as of April 30,2012) are as follows:
Company % to NAV
ICICI Bank 5.44%
ITC Ltd 5.35%
TATA Motors LTD DVR 5.29%
Infosys Ltd 3.85%
Bharti Airtel 3.34%
TATA Steel Ltd 3.01%
Bank of Baroda 2.97%
He has a huge bias for banking stocks with 20% of his fund in them.
Also, interesting to note that cyclical sectors such as cement, sugar etc are completely missing from his portfolio
What is also interesting is the huge position in Tata Motors DVR.But thats another blog post !!