Last year I blogged about completing four years as shareholder of IDFC First Bank. I continue to stay invested in this company and have poured in more of my hard earned money. And as with previous analysis, IDFC First Bank continues to underperform for me after half a decade. But hey, I am in this for long term. I just hope I don’t say the same thing after a decade.
Last year I had hoped that IDFC First Bank will turn into HDFC Bank. This year—with the number of spam calls from IDFC First Bank rivalling that of Bajaj Finance—I am hoping that it becomes Bajaj Finance!
Below are my key observations.
- My investment has not been able to beat Nifty 50 Index. Here I used Nippon India Index Nifty Fund to compare. And with the recent market correction my worth of investment is less than the amount invested.
- Last time I received dividend was in July 2018. After that the company hasn’t paid any dividend. Dividend yield at cost for me at that time was 1.6%.
- XIRR is at -5%.
Return
Profit
XIRR
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