Good morning my dear readers,

A lovely Friday to end 2023.

Also happy to share that, Your Negen PMS, trailing 5yr Cagr has touched +29.96% 🙂🙏.

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Found an epic meme 😅. It's quite true in today's sense.

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Also, before I begin today's topic, I came across another very striking statistic,

87% of all global equities that went up 1000% or more over the past ten years were microcaps.

Source: Microcap club.

*I am not saying to sell your largecaps and get into microcaps. It's just an interesting data point.

Our PMS infact too, is predominantly midcap focused, very little into smallcaps.

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India's magical journey ahead.

It took us decades to get to $1 trillion post independence, it probably took 12yrs to get to $2 trillion.

Now we are at approx $3.7 trillion.

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Imagine this, at $3.7 T alone, India is a HUGEEE market place with so many mammoths like Hdfc, Reliance, Infosys, Tatas etc.

But the hair raising part is that the journey hasn't even begun yet, in my opinion..

(Please give me the right to be wrong, in the great words of the late Mr Jhunjhunwala).

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In my opinion, in the next few years, India will start adding $1 trillion to our economy, every 18 months!!

*Recap and absorb this again, we are at $3.7 Trillion currently and India is massive..... But we are likely to add $1 Trillion every 18 months sometime in the 2030s itself.

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I don't know about short term stock prices but I feel something incredible is likely to happen in India under this current leadership.

Ofcourse, we must adhere to the principles of value investing and keep refreshing our portfolios regularly by booking profits over time and re-entering very good + cheap stocks.

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But one thing is for certain, we are all very lucky to be present in India today as investors.

We must make it count.

Best process to achieve this is to talk to your investment advisor, give him your goals and risk profile...and based on what he suggests for you... start investing aggressively in India's future.

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Honestly speaking, I know the market is hot right now and probably can dip in the short run, but I have lost my sleep dreaming about this massive India opportunity in front of us.

I will leave you today on this pretty interesting thought...

See you next Friday 🙂.

My Best,

Neil Bahal

Chief Dreamer

Negen Capital