On the evening the demonetization announcement was made, (Nov 8), I was travelling back to Chennai from Mumbai.
While on the journey, I was giving a thought on what would be the implications of this event and how we could apply it to Dhanayoga's Financial and Investment advisory business. Given that building client portfolios is one of our key services, we thought why not build a "DeMo" Portfolio and see how it performs.
One option was to just build a mock portfolio and track it periodically. But this is no fun, if there is no real money going into the portfolio. Instead we at Dhanayoga built a real equity investment portfolio identifying companies that will benefit from Demonetization and invested real funds from our own cash kitty (call it "Conviction").
Today it is three months since Demonetization was announced. Let's see how our portfolio has performed during post DeMo quarter. (see image below)
Dhanayoga "DeMo" portfolio has delivered 15.7% (absolute returns) in just three months flat, whereas both Sensex and Nifty returns stood at 3.6%. That is an Alpha of 12.1% for the THREE month period!!
During the same period, how did the various Mutual Funds Perform?
The 2017 budget has been unveiled. Dhanayoga has built a new "BudJET" Equity portfolio identifying stocks that will significantly benefit from the budget. Look out for our periodic update soon!!
Do you wish to start the journey of creating "Value driven wealth"?
Learn more about us at www.dhanayo.ga
Sethu V, Founder of Dhanayoga. I'm a Serial Entrepreneur, Management Consultant, Value Investor and Certified Investment Adviser. Connect me at http://linkedin.com/in/venkatsethu