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D.Muthukrishnan Profile picture
@dmuthuk
Aug 29, 2020 • 4 tweets • 1 min read • Read on X
Saw a troll putting screenshot of commission details from AMFI. I don't use my Twitter following to solicit new clients. Many of you write to me to become our clients, only to get disappointed. Stopped adding new clients 3 years ago. Servicing old clients on their insistence.
Many of our clients are following me in Twitter. There is nothing for me to hide. I believe in integrity and transparency. And all my clients get commission disclosure statement once in 6 months. This is a SEBI mandate to AMFI.
With the kind of HNIs approaching us for service, can make use of the opportunity and earn huge money. As I said, other than old clients who have been with us for long, not entertaining anyone new.
I've always wished well to those of our clients who wanted to go direct or become stock pickers. Those who choose to stay with us, genuinely need our guidance.

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More from @dmuthuk

D.Muthukrishnan Profile picture
Dec 1, 2022
One of the very rare days, I woke up in the middle of the night. Saw Sintex investor's false propaganda. He keeps on abusing me despite me doing no harm to him. He is a classic case of big money with small mind. My answer for Sintex guy is in next tweet. No cure for his envy.
I deleted my blog few years ago in compliance with then SEBI's dictum that MFDs ought not to use the word advisor. My blog was called Wise Wealth Advisors. So to be complaint I deleted my blog and started focusing only on micro blogging (Twitter) as an amateur investor.
I'm on Twitter as an amateur investor and not as a MFD or CFP. I don't solicit any business. I don't sell here anything unlike Sintex guy all the time promoting his distribution and advisory business.
Read 4 tweets
D.Muthukrishnan Profile picture
Oct 20, 2022
Hitachi is the first stock where I’ve been holding for long and under loss as on date. At some point, it was even a 2 bagger in 3 years. I’ve been bullish on both Airconditioning industry and Hitachi as a company.

1 of 5
I continue to be bullish on Airconditioning. I’ve been unable to develop conviction in any other player other than Hitachi. The issue with Hitachi India is they never talk to media and no information is available other than regulatory filings.

2 of 5
With continuous dismal business performance and no info being shared by the management, it becomes a blind hold.

Can show enormous patience when I’m aware of the happenings. Since I’m clueless as what is happening in the company, I no longer want to blindly hold Hitachi.
3 of 5
Read 5 tweets
D.Muthukrishnan Profile picture
May 27, 2022
One of those rare days when I get up around 3 am. Since I slept well before 10 pm, just now saw the Diageo India announcement. 32 Popular brands (non premium, low margin), contributing to 19% of current sales and much less profits are being sold for Rs.820 crores.
11 popular brands are being given for franchisee. The company has been very clear it wanted to reduce the low margin brands and focus on profitable ones. It has also emphasised that they want long term profitable double digit topline growth.
The company is very committed to keeping up it’s words. As committed, they have become debt free in FY 22 and exiting low margin brands by September 2022. More clarity on future course would come during analyst call scheduled on Monday at 10 am.
Read 4 tweets
D.Muthukrishnan Profile picture
Oct 5, 2020
Lot of queries and tagging me on Manu's blog. Hence this thread.

Every company and it's management has both strength and weaknesses. I see more strengths than weakness with ITC.

Management can't be labelled as laid back. It has acted with extreme dynamism during this pandemic.
Broadly concur with views on hotels. Hotels have been a great experience for customers & not shareholders.

Infotech is more of captive business and of insignificant size. So no point in discussing that.

In all other verticals, which are primary for ITC, they're doing well.
Double digit EBITDA margin in FMCG should happen in next 2 years. Building a FMCG business from the scratch and aiming to reach Rs.1 lakh crore turnover by 2030 is no joke. Management has proved that it is capable of walking the talk.
Read 8 tweets
D.Muthukrishnan Profile picture
Jul 30, 2020
Those who’ve been tracking my portfolio and investing method, please read the below thread carefully.

I’ve been following focused investing, owning not less than 10 and more than 15 stocks. My personal preference has been 11. I already own 10; with NSE listing would become 11.
It’s a decade since I’ve been following focused investing and wanting to try concentrated investing for a while. For Buffett and Munger, concentration means 6 and 3 businesses respectively. My personal preference is 9.
I’ve been pondering over this for last few months and wanted to pull the trigger today. This means I can own only 8 out of current 10 stocks as I’m keen to add NSE when it gets listed. All the 10 businesses I own are gems and it was emotionally difficult to eliminate two.
Read 7 tweets
D.Muthukrishnan Profile picture
Mar 29, 2019
Financial year just got over and it’s time for performance review. I started moving towards current investment strategy from 2011. However only from 2016, I started meticulously recording every single transaction to calculate accurate returns.
Our family stock portfolio: Piramal Enterprises, Thomas Cook, HDFC Bank, Pidilite, United Spirits, ITC, Crisil, Nestle, P&G Hygiene, HDFC Life & Johnson Controls Hitachi.
Neither sold any existing one nor bought any new stock during the year. Have been simply adding the monthly surplus to the same family stock portfolio.
Read 8 tweets

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