The top 2 stocks #HDFCBank and #Reliance have a weight of 20% in #Nifty50. The top 5 stocks have a weight of 39.39%. Banking and Financials sector has a weight of almost 38%. The last 27 stocks in #Nifty50 have a weight of less than 1%.
The last time we saw such concentration for Top 10/20 stocks in #Nifty50 was in in June 2009 ( when it changed to free float ) and in June-August 2013. How long can this continue? All I can say is - In a year or two we may think very differently about the next 3 months.
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10 Most Interesting Videos on the CFA Society India Channel.
Take your time and go through them. Would recommend attending the physical events too.
@CFASocietyIndia
1) Brave New World | Ritesh Jain, Co-founder, Pinetree Macro.
He spoke about the liquidity way of investing, Tracking the global liquidity flow across past decades, how liquidity impacts economies, market returns based on liquidity.
2) Dimensions of Mistakes in Investing |
Utpal Sheth, CEO & Senior Partner, RARE Enterprises. He spoke about importance of overcoming natural instincts in investing, focusing on the long-term strategic picture, and sizing bets to match one's conviction.