After Rakesh Jhunjhunwala who will be the Big Bull of Dalal Street?
We all search for leaders and successful investors from whom we can learn and grow. These leaders guide us in our investment journey as we try to find our way to financial freedom and achieve our financial goals.
There are several ace investors in Dalal Street who have earned crores out of their unique strategies and we can learn from their style of investing.
While researching this topic I found 2 common styles in all of them
1. All of them did detailed fundamental research
2. All of them invested for the long term
They hold shares of a company only when they have strong conviction of the future profitability, competitiveness and management. Once invested they allow their portfolio to grow over time.
I have shared a list of my favorite ace investors of Dalal Street.
- Radhakishan Damani
ABOUT:
Owner of D Mart, Also holdings in 14 other stocks with Net Worth 181k crores (06/2022)
STRATEGY:
He keeps portfolio limited to 10-15 value stocks and believes in long term investing, portfolio diversification & rebalance.
His quest for learning and excellence made his an astute investor so much that peers believed that he had a Midas touch
2. Ramesh Damani
ABOUT:
He holds a Bachelor’s Degree in Commerce from HR College in Mumbai and a Master’s Degree in Business Administration from California State University.
His investment in Infosys in 1993 for Rs 10 lakhs got him Rs 100 crores
STRATEGY:
Picked undervalued stocks with strong fundamentals and good management. Holds less stocks (owns only 4 stocks)
“I learned that just because a stock doubles, it is not a reason to sell it.”-
3. Raamdeo Agrawal
ABOUT:
A Chartered Accountant by profession. He is the co owner of Motilal Oswal Financial Services. He invested Rs 10 lakhs in HERO Motocorp in 1995 and held them for 20 years. His investment in Infosys and Eicher Motors in 1990s also paid him off well
STRATEGY:
He believes in proper research, long term investing. Minimum 20% RoE, low debtors cycle, free cash flow, longevity, competitiveness are his mantras
“After 30 years, I understood economic moat is the mantra of investing”
4. Mukul Agrawal
ABOUT:
Member of MCX, NSE and BSE (derivatives), director with Param Capital Research Pvt. Ltd
STRATEGY:
He believes in Intelligent research, long term and bulk investment. He keeps different portfolio for investing and trading, In Trading he never puts his principal at stake.
5. Sunil Singhania
ABOUT:
He is a Chartered Accountant and CFA charter holder. He is the founder of Abakkus Asset Manager LLP. He was Global Head of Equities of Reliance Capital-Reliance Growth Fund (now Nippon India Mutual Fund) grew over 100 times in less than 22 years under him
STRATEGY:
His believes in well-diversified portfolio, investment in large cap stocks as well as small companies and investment in companies with enormous potential in terms of CAGR and revenue.
6. Vijay Kedia
ABOUT:
He started trading at the age of 14 and switched to long term investment in 1990 based on fundamental analysis. His investments in ACC, Atul Auto, Cera sanitaryware, Aegis logistics became multibaggers in the next 10-12 years
STRATEGY:
He uses the SMILE strategy- small in size, medium in experience, large in aspiration and extra large in market potential.
‘Have a portfolio of few high conviction stocks that you can monitor closely“
Our Takeaways
We should do proper research of Company financials, profitability, competitiveness as if we are buying the company.
We should invest for the long term and allow time for our investment to grow.
I have shared a list of my favorite ace investors of Dalal Street. Do you know of anyone else we can add in this list? Who is your favorite? Do mention in the comments.
