The returns of the MC Election 2024 Portfolio soar above benchmarks when polling gets underway

The returns of the MC Election 2024 Portfolio soar above benchmarks when polling gets underway

The carefully chosen 14-stock portfolio is intended to profit from a rebound in reform momentum after the conclusion of the elections.

The portfolio has weathered the storm of global unrest and the mid-cap collapse, which increased market volatility.

As of today, April 19, voting for the 18th Lok Sabha has begun.  For subscribers, MC Pro's research team has already built the Election 2024 Portfolio on February 5th, allowing them to take part in the anticipated economic reset that would come after this significant event. The portfolio is already outperforming the benchmarks in less than two months after debut.

We think that moving future, India will be able to balance both development and budgetary restraint. By 2047, the market should anticipate an increase of the reform momentum with an emphasis on "Developed India."  Additionally, we think that the business sector and Indian economy are ready for growth.

Megatrends including manufacturing, digitalization, defense indigenization, infrastructure, premiumization in consumption, capex upcycling, and green technology are projected to benefit our carefully chosen 14 companies for the "Election Portfolio."

Although the portfolio is long-term oriented and we have faith in its future, it would be fascinating to see how the portfolio has weathered the storm of the mid-cap collapse and geopolitical unrest that led to increased market volatility.

We are pleased to report that, despite these odds, the portfolio has managed to beat the Nifty and the Nifty 500 so far (from its debut on February 5th to April 18th). And this is going to happen soon. The portfolio has produced a gain of 6.1 percent, while the Nifty has provided a gain of 0.7 percent and the Nifty 500 2.1 percent.

Even while some of the companies, such as Data Pattens, VA Tech Wabag, SBI, and Global Health, have performed well so far, we continue to be confident in the fundamental strength of all the stocks we have chosen, and we are keeping a careful eye on the fundamentals of each business. Greetings from Moneycontrol for a successful election and investment season.