List of 'Most Wanted Stocks 2023' beats Sensex; delivers 31.5% returns
Stocks continued with last year’s chosen six. The 2023 basket of fund managers’ favourites clocked 31.5% versus 30.8% gain in the BSE 500 index. Sharp gains in Muthoot Finance, Coromandel International and ICICI Lombard contributed to the overall outperformance. After 10 editions of the Most Wanted Stocks, we can proudly say that seven out of 10 portfolios have beaten the index.
The most outsized gains have come from our 2022, 2019 and 2018 portfolios. The 2015 and 2016 baskets also fared well, while excess return in the 2014 portfolio— first edition of the Most Wanted Stocks—was modest.
As is typical in investing, returns from most baskets have been powered by outsized return from 2-3 positions. The year 2019 is the only exception, where all bets have delivered a healthy return. The 2020 portfolio also fetched healthy return with all bets in the green but still lagged the broader index. The portfolios of 2017 and 2021 have let us down badly, running into losses. While the 2017 basket was crippled by two NBFC bets, the 2021 basket was tainted after seeing red in four out of seven bets.
PAST YEARS’ REPORT CARD
7 out of 10 baskets have outperformed the index since the first portfolio in 2014
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