After putting my investment in VIP Industries and forgetting about it for two years, I decided to put in some more money this fiscal year. As you see below 61% on my investment has come in this fiscal year, so my investment in VIP Industries is still young.
As far as returns go I am beating the Nifty 50 Index. Yay!
Investment through the years
Returns
The dividend yield at cost mentioned in the chart above, is yield at the date at which I received the dividends. Another way to look at dividend yield is to calculate it for the fiscal year.
Fiscal year
Dividend yield at cost
2017-18
0.95%
2018-19
1.70%
2019-20
1.36%
2020-21
0%
2021-22
1.01%
2022-23
1.81%
2023-24
0% *
To calculate the dividend yield at cost in the above table I use the below formula.
(Total amount of dividends received in a fiscal year ÷ Total amount invested at the end of fiscal year) × 100
With 70% of my investment in Pidilite Industries coming in the last 2 years, the title may seem a bit misleading. My investment is still very young and it does have a hangover from the COVID market crash and its recovery.
I continue to be lucky with Pidilite. It continues to be my most consistent performer. Like I said in my last year’s blog, even at its worst point my XIRR was 6% which is similar to fixed deposit returns.
Since last 6 months, my returns have now almost merged with Nifty 50 Index returns. I am hoping that in the future they will beat them.
Dividends, on the other hand, have been measly. My dividend yield at cost for FY 2022-23 was 0.37%.
Investment through the years
Returns
The dividend yield at cost mentioned in the chart above, is yield at the date at which I received the dividends. Another way to look at dividend yield is to calculate it for the fiscal year.
Fiscal year
Dividend yield at cost
2017-18
0.40%
2018-19
0.68%
2019-20
0.82%
2020-21
0%
2021-22
0.38%
2022-23
0.37%
2023-24
0% *
Data as of 29-Jul-2023
To calculate the dividend yield at cost in the above table I use the below formula.
(Total amount of dividends received in a fiscal year ÷ Total amount invested at the end of fiscal year) × 100
Profit
XIRR
Related reading:
Note: I missed including some of my Pidilitie share purchases in previous articles. These are rectified in this post, so there will be differences between my previous analysis and this one.
Beating index is hard. Really, really hard. Even for a company like Marico with solid fundamentals.
In my six years of investment with Marico, there have few sporadic periods where my investment has beaten Nifty 50 Index; majority of the times it has underperformed. For my consolation, I even tried calculating XIRR including the dividends, still no.
I have a very similar feelings as the author here.
I cannot get around that no matter what I do, beating the market consistently is very hard, and even if I manage it, it is more due to luck than skill. I am no longer excited whenever I see a new tweet, article, or video about a new product.
The idea of passive or index investing has killed my passion for investing.
Will I continue investing in Marico? I… don’t know. Considering such a continued under performance, it does shake your confidence.
How is my dividend yield at cost? At 0.85% for FY 2023-24, I would say, meh! Some wouldn’t even say that.
Investment through the years
Returns
The dividend yield at cost mentioned in the chart above, is yield at the date at which I received the dividends. Another way to look at dividend yield is to calculate it for the fiscal year.
Fiscal year
Dividend yield at cost
2017-18
0.79%
2018-19
1.50%
2019-20
1.66%
2020-21
2.17%
2021-22
1.91%
2022-23
0.85%
2023-24
0% *
Data as of 23-Jul-2023
To calculate the dividend yield at cost in the above table I use the below formula.
(Total amount of dividends received in a fiscal year ÷ Total amount invested at the end of fiscal year) × 100
Profit
XIRR
Related reading:
Note: I missed including some of my Marico share purchases in previous articles. These are rectified in this post, so there will be difference between my previous analysis and this one.
My investment in HDFC Bank has completed eight years now. While it does seem long to me but when I see more than 40% of my investment coming in last two years I realise it’s still young.
Did I beat the Nifty 50 Index? For the first 6 years I did. Since last two years, I have been underperforming Nifty 50 Index.
Will I continue investing in HDFC Bank? Yes, at least for next one year.
How is my dividend yield at cost? At 1.6% I would say decent enough.
Investment through the years
Returns
The dividend yield at cost mentioned in the chart above, is yield at the date at which I received the dividends. Another way to look at dividend yield is to calculate it for the fiscal year.
Fiscal year
Dividend yield at cost
2015-16
0.16%
2016-17
0.95%
2017-18
0.74%
2018-19
1.00%
2019-20
0.88%
2020-21
0.00%
2021-22
0.48%
2022-23
0.90%
2023-24 *
1.43%
* Data as of 8-Jul-2023
To calculate the dividend yield at cost in the above table I use the below formula.
(Total amount of dividends received in a fiscal year ÷ Total amount invested at the end of fiscal year) × 100
My investment in Divi’s Laboratories has been my biggest missed opportunity. Six years back—still new to equity investing—I was looking for Pharma stocks to invest. During that research—not sure if I should call it research, but let’s go with it—I came across Divi’s Laboratories. I made a small investment in it and forgot about it. In the next 3.5 years the stock went up 5 times! And I did not make a single new investment during that time! Every time I thought “it can’t go up any further than that”. Boy was I wrong. So, so wrong!
In the last two years I decided to significantly increase my position but ended up buying at price which subsequently corrected by a good 25% resulting in signification notional loss for me. In fact nearly 70% of my investment in Divi’s Laboratories has been in last two years. So my investment is very young.
Did I beat the Nifty 50 Index? No, my investment is underperforming since last 1 year. While Nifty 50 Index would have given me 14% Divi’s Laboratories has given me 8%.
Will I continue investing in Divi’s Laboratories? Yes, at least for next one year.
How is my dividend yield at cost? Nothing to write home about. You can see them in Returns.
Investment through the years
Returns
The dividend yield at cost mentioned in the chart above, is yield at the date at which I received the dividends. Another way to look at dividend yield is to calculate it for the fiscal year.
Fiscal year
Dividend yield at cost
2017-18
0%
2018-19
1.58%
2019-20
5.05%
2020-21
0.00%
2021-22
0.33%
2022-23
0.45%
2023-24 *
0%
* Data as of 2-Jul-2023
To calculate the dividend yield at cost in the above table I use the below formula.
(Total amount of dividends received in a fiscal year ÷ Total amount invested at the end of fiscal year) × 100
My investment in DSP Tax Saver started as a tool for saving taxes. After government announced new income tax regime, I knew that the tax benefits of Section 80C would soon go away. I was about to pause my investments in DSP Tax Saver but looking at its performance I did not. And, at least as of now, I am glad that I did not.
Is this a regular or a direct plan? I started off with a regular plan but after three SIP instalments, I learned about direct plan and switched to it. Only 1% on my investment in DSP Tax Saver is in regular plan and while rest 99% is in direct plan. So it is safe to say this is a direct plan.
Did I beat the Nifty 50 Index? Yes, but by a small margin. While Nifty 50 Index would have given 16% XIR, DSP Tax Saver has given me 18%.
How does my return compare to other ELSS mutual funds? I decided to compare my returns to the top ELSS fund as per CRISIL’s Mutual Fund Ranking dated 31-Mar-2023 i.e. Quant Tax Plan. Compared to Quant Tax Plan my investment in DSP Tax Saver has underperformed, and that too by a huge margin. Quant Tax Plan’s XIRR comes at 30% compared to DSP Tax Saver’s 18%.
So, will I move to Quant Tax Plan? No.
Am I going to continue investing in DSP Tax Saver? Yes, at least for another year.
My journey with Dabur completes four years and continues in its fifth year.
Did I beat the Nifty 50 Index? No, my investment in underperforming since last 3 years.
So will I discontinue investing in Dabur? I… don’t know. Just see what happened to my investment in ITC. After my investment in ITC underperformed for five years, it is now beating Nifty 50 Index. Maybe this is the time to invest in Dabur.
So I will continue investing in Dabur? I… don’t know. Just see what happened to my investment in Samvardhana Motherson. After six years it is still underperforming. Maybe I should not put in any more money in it.
How is my dividend yield at cost? Steadily increasing every fiscal year. But at 0.71% it is insignificant to make any dent.
Investment through the years
Returns
The dividend yield at cost mentioned in the chart above, is yield at the date at which I received the dividends. Another way to look at dividend yield is to calculate it for the fiscal year.
Fiscal year
Dividend yield at cost
2019-20
0.21%
2020-21
0.49%
2021-22
0.67%
2022-23
0.71%
2023-24
0.00%
To calculate the dividend yield at cost in the above table I use the below formula.
(Total amount of dividends received in a fiscal year ÷ Total amount invested at the end of fiscal year) × 100
I always had trouble with planning my finances for the future which always changed or simply wasn’t clear to me. This article presents that conundrum in a beautiful way.
Most of us are monks about some things and hedonists about others. Unless we’re tangled up in thinking we need to impress others with our possessions.
The Monk or Hedonist question is hard because what impressed you then might not impress you now. And what you appreciate now, you did not back then. This holds for the future too. So, how do you conclude what you will want in a decade or more?
My journey with Aditya Birla Sun Life MNC Fund completes four years and continues in its fifth year. Nothing much has happened here except that I have now paused my SIP in the fund considering its underperformance.
Is this a regular or a direct plan? It’s both. I started with a regular plan with help of MFD and then from Sep-2020 I started investing in the direct plan as well. The charts below are for both of them combined. My investment is equally split between the regular and direct plan.
Did I beat the Nifty 50 Index? No. Since last two and half years, my investment has underperformed the Nifty 50 Index.
Did I at least beat other similar thematic funds? No. As this was a thematic fund I decided to compare with other funds in the same category. For this I chose SBI Global Magnum Fund. I wanted to understand if the underperformance was across all the funds in the category. But my investment has underperformed even SBI Magnum Global Fund. In fact, SBI Magnum Global Fund managed to beat the Nifty 50 Index.
Am I going to continue investing in it? No, my SIP is paused.
Considering my SIP is paused am I planning to redeem my investment? Yes, but not right away. I am hoping that someday—someday—it beats Nifty 50 Index or at least comes up with XIRR of 12% for me to sell.
In the first few months of my new role, I had a lot of information to get up to speed on, including figuring how to roll over and acquiring a firm grasp on object permanence. Now, I have almost a year of experience completing my primary responsibilities — like sleeping, pooping, and communicating with individuals who are not fluent in my native tongue, and as I’m sure you’ve heard, all my performance reviews are glowingly positive.
I am constantly revered and told that I am “such a big girl” and “so big” and “a sweet, big girl” and yet every time I attempt to partake in certain activities alongside my older, male colleague I hear “that is not for you, Reesey,” or “that’s not for babies.” There you have my dilemma.
