a) I wanted to compile a list of smart money managers (from the VC/PE/Hedge Funds space) along with their portfolios (most probably, not complete portfolios) in the Indian Stock Market. This list is copied straightaway from Devesh Kayal’s tweets (since I hate twitter search and that search usually doesn’t lead anywhere, I have compiled this list on a more user friendly and searchable forum).
|Name of the Fund||Stocks held|
|Sequoia Capital||e-Clerx, DHFL, PI Industries, Pratibha Industries, TD Power, Hindustan National Glass, Ess Dee Aluminium, Infotech Enterprises, Lovable Lingerie, Edelweiss, Mannappuram, SKS Microfinance|
|Nalanda Capital||Exide, CUMI, Page Industries, Havells, Shree Cement, AIA Eng, Mindtree, Ahluwalia Contracts, Supreme Industires, Kewal Kiran Clothing, Berger Paints, Voltamp Transformers, Ratnamani Metals, Triveni Engg, Kirloskar Oil Engines, Mastek, Vaibhav Gems, V-Guard Industries|
|Barings PE||Manappuram Finance, Muthoot Finance, Mphasis, TD Power, Balmer Lawrie Investments, Shilpa Medicare, KS Oils|
|Standard Chartered PE||Redington India, PI Industires, Innoventive Industries, Man Infracon|
|ChrysCapital||HCL Tech, ING Vysya Bank, Hexaware, KPIT Cummins, NCC, Gammon India, Pratibha Industries, Ahmednagar Forgings, Simplex Infra, Shriram City Union, Titagarh Wagons, Spanco, JMT Auto|
|Amansa Capital||Cholamandalam Investment and Finance, Max India, Whirlpool India, Greaves Cotton, Rallis India, ENIL, Gujarat Pipavav Port, Blue Star, Kirloskar Oil Engines, Edelweiss Capital, CUMI, OnMobile Global, Tube Investments of India|
|Arisaig Partners||Colgate, Nestle, GSK Consumer, Marico, Godrej Consumer, Britannia, Jubilant Foodworks|
Of course, we need to express caution before rushing to buy these stocks. For one, some of them (like Mastek, Vaibhav Gems, SKS, KS Oils) have been disasters. Two, these funds buy a bunch of stocks. Even if some turn out to be duds, overall their portfolio might come out as a winner. Selectively buying from this list without any research would lead to poor results. Three, this list of companies might not be a complete list, and some of these funds might also be following a long/short strategy. Summary? Don’t buy any of these stocks without further research. This is just a good indicative starter list for research.
b) If you liked the stocks above, and would like to know more VC/PE funds which are focused on India, here’s a list – http://www.avcjindia.com/speakers – let me know if you compile a stock list from some of these VC/PEs. For one, here’s a link to Citigroup’s India portfolio (includes Citigroup Venture Capital India investments) – Link
c) Here’s a list of hedge funds focused on Indian markets (I couldn’t get any stocks list from this hedge fund list though)
The four largest hedge funds focused on India are HSBC GIF India Equity Fund, Aberdeen Indian Global Equity Fund, JP Morgan India Fund and Fidelity India Focus Fund. Of course, it is just a matter of googling the Top 10 holdings for these funds, so I will dispense away with it.
Now, for some reading links for the weekend –
d) We all go through a stage where we tend to read a lot of books, lot of authors with different styles etc. on investing, spend a ton of time and money going through these books, making notes etc., but haven’t yet had the guts to make an investment? Well, here are three good links which talk through that –
e) We all need to improve ourselves in almost all respects all the time(that’s a fiendishly global statement, isn’t it?). Investment process is probably the easiest of the lot. Here’s a short note from the wonderful Greig Speicher on 10 ways to improve your investment process. Very good read.