India Fund Performance Compared to Index -Sensex(in %)
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[+-] Asset Allocation Chart

* Beta version, started on Jan/2010 as an trial. Currently contains very limited data. Read more about this chart in the post

Monday, December 31, 2007

2007 Annual Report.

2007 Highlights
- Started to track securities investments as a fund.
- Studied books and articles related to Value investments esp. related to Buffet.
- Started this site. It is designed to contain two main subjects. First, general investor education and second to track my portfolio on a quarterly/half yearly basis. It will not contain discussion about any individual stocks.
- Portfolio grew by 84.3% in past 5 months.

Fund Performance Summary
Duration: Aug 14, 2007 - Dec 31, 2007
Price: 100.00 - 184.30: 84.30%
Sensex: 15,001 - 20,286: 35.23%

Annual performance report of my investments for the year 2007. Past year was good in terms of growth. I started tracking the my portfolio like a fund since Aug 14th, it helps me calculate the performance accurately. The portfolio was up 84.30% while sensex was up 35.23% during the period Aug 14 2007 to Dec 31 2007.

The best performing stock of last year was Jindal Steel and Power which rose close to 550%. And the moderate performing was Power Grid and Reliance Petro, both were added during past 3-5 months and provided average returns around 20%. Exited Wipro, during the beginning of the year and Infy towards the end after holding for couple of years.

Planning to continue is to limit the number of stocks holding under 20, preferably around 15, this will force to review the investments periodically and also help to weed out the weak stocks. Will try to reduce the number of transactions even more going forward, last year I entered and exited few stocks like Bhagiradha Chemincals, Banswara Syntex.

Performance Comparison Graph (vs Sensex)

Portfolio Details (*) (Rs)

Company Name

Avg Pur Price[Gain/(Loss)]

Lowest Pur Price[Gain/(Loss)]Current Price(Rs)
Jindal Steel and Power Ltd. 1,760(774%)487(3,059%)15,395
Reliance Industries 602(379%)280(928%)2,882
Federal Bank93(261%)93(261%)335
Reliance Communications196(282%)0(**%)746
Reliance Capital856(202%)0(**%)2,587

* Split adjusted & without considering dividends.

New Additions (Last 1-12 Months)
Company Name Avg Pur Price[Gain/(Loss)]Lowest Pur Price[Gain/(Loss)]Current Price (Rs)
GE Shipping295(89%)240(132%)557
Tata Investment Corp403(81%)343(113%)730
Sesa Goa1,912(99%)1,698(124%)3,817
Tata Steel567(65%)517(80%)935
Sunil Hitech148(173%)71(468%)405

Reliance Petro***

Power Grid Corp***116(23%)98(47%)143
Godawari Power***294(17%)285(20%)345
Prime Securities***186(61%)177(69%)300
Prakash Industries***288(17%)282(19%)338
Sanghvi Movers***223(38%)204(52%)310
SA Petrochem***22(40%)19(63%)31

** Bonus shares from Reliance Industries.
*** Latest investment
Estimated tax liability(if all the investments are be liquidated today): ~1% of portfolio value.

Thank you for a wonderful 2007, and looking forward to 2008. Happy New Year!!


Shankar Nath said...

Hi George,

I can see a heavy focus on energy, infrastructure, shipping and metal firms. All of these are quite cyclic .. I understand your approach will be to move out of these sectors if you see a dip, say 2-3 yrs from now. Thats grahamian !

Buffetian logic would require you to identify businesses that'll stay for long, not exactly cyclical, have deep intrinsic value. It's difficult to identify them in a bull mkt though.

Good work !

Warm Rgds