Stock Picks | Video - Masterclass Of How To Invest In India By Gaurav Narain Of River Global (part Of Assetco)

7th Dec '23 by Paul Hill

9 comments 808 reads

In this masterclass of investing, Gaurav Narain of River Global Investors who runs the India Capital Growth Fund (part of AssetCo plc) takes me through 15 fascinating stock ideas including:

00:00 Differences & attractions of investing in India
05:00 Secular growth drivers underpinning the economy
14:25 Outlook for Indian earnings & equities
21:20 ‘Buffett-esk’ investment criteria
24:20 Financial sector: Federal Bank, IDFC FIRST Bank & IndusInd Banks
29:20 Consumer: Jyothy Laboratories Ltd. - India Laboratories, Emami Ltd, Kajaria Ceramics Limited, CCL Products (India) Limited & Welspun India LTD Group
44:05 Healthcare: Neuland Laboratories Limited Laboratories
48:10 Technology: Persistent Systems, Tech Mahindra & Dixon Technologies India Limited
54:55 Infrastructure & Industrialisation: PSP Projects Limited, SKIPPER LIMITED & Ramkrishna Forgings Limited

A must watch video too for all those interested in emerging markets.

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Paul Hill

7th Dec '23

Recent stock valuations for those companies mentioned

8th Dec '23

Terrific performance too from Gaurav & the #IGC investment trust team.

Indeed AssetCo's India Capital Growth fund (+93%) has beaten both the #SP500 (74%) & the #FTSE All share (11%) indices over the past 5 years.

Helvellyn

Brilliant Paul,

Around June this year I wanted to take advantage of India's elevated position in the Global Supply Chain and did a lot of homework and came up with India Capital Growth Fund (LON:IGC) . It is now one of my larger holdings having added twice to my initial purchase . I like Gaurav, he has similar investment criteria to me and he certainly seems to know the companies he holds.

Agreed & well done Helvellyn

Gaurav & his IGC team are built of many of the same investment principles as Warren Buffett.

Rusty2

Paul, thanks for interview. I did want some exposure to India, so I looked around in April and this seemed to be the best fund to buy. So I bought some, it has done very well but I regret not a big holding.

9th Dec '23

Well done Rusty.

And agreed - Indeed I wish I'd backed up the truck on India Capital Growth Fund (LON:IGC) shares 5 years ago. As the fund has knocked the ball out the park wrt performance

dodge1664

10th Dec '23

I would never invest directly in Indian or other emerging market stocks myself. Take a look at the world corruption index map https://www.transparency.org/e...

India - from Master Investor

India too will have a general election next year in April. The most populous nation on Earth is highly politically stable. Narendra Modi and his BJP (Hindu nationalist party) have about 70 percent thus his re-election next April is assured. India’s growth rate has now surpassed China’s and that is likely to remain the case for the foreseeable future.

Ian Bremmer sees India as a unique geopolitical bridge between the Global South and the West. Most of the Global South feels alienated from the West as a result of colonialism and other grievances – witness the growing movements for reparations for both slavery and climate change. India’s salience in global diplomacy prevents China from leading some kind of coherent anti-G-7 alliance. It’s soft and hard power will only expand in 2024, as I outlined here in a recent article.

https://masterinvestor.co.uk/e...

Video - Masterclass of how to invest in India by Gaurav Narain of River Global (part of Assetco)

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Paul Hill

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