I have some of the financial stocks in my Portfolio and one of them is the SBI. SBI is one first stocks I bought when I started stock buying. One of the reasons for buying SBI is that it is the biggest bank in India and it is also backed by the Indian Government. I also bought some shares at the time of the Covid crash which has made my average a little down. So now SBI in my portfolio is one of the best returns shares.
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Recently SBI has given Rs 11.3 as dividend which is again quite good. If I take my buying price then the yield is great but at the current price, the yield is around % which is again pretty good considering the returns it has given. Now I would like to buy more shares of SBI which would have increased my portfolio like anything. But it is ok even if I have little. Most of my money is in MF and I am not greedy to go for higher returns. For me getting 12% XIRR from my Mutual Fund portfolio is good rather than going for 20% or losing.
Other people might be doing very well with the Stocks portfolio but for me, Mutual Fund is better. In stocks also I buy some stocks which I intend to keep for the long term like SBI, ITC and others because I am not a trader and will never be. For me generating wealth slowly and steadily is much better than buying and selling.
One of the reasons is that I cannot spend much time analysing the stocks and for me, the simple and smartest way is to buy the Mutual Fund and that too Index fund. I am in the process of moving most of my active funds to passive funds i.e. Index funds and hopefully in a couple of months my Index fund will have a larger portfolio than the active fund. Active funds I will keep but only limited which are a little different.
