MC Pro’s Budget 2023 portfolio has put up a superlative show, delivering a 100 percent return, beating benchmarks

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Moneycontrol Pro’s portfolios with high quality stocks put together by its talented, in-house and independent research team have benefited subscribers immensely. The latest addition to its stellar track record is the performance of the Budget 2023 portfolio that was launched in January 2023, a fortnight ahead of the last full-fledged budget of the government. It has generated absolute return in excess of 100 percent in the past one-and-a-half years (from 16th January 2023 to 26th July 2024).

Source: Moneycontrol Research

The outperformance of this equally weighted fourteen stock portfolio over benchmarks like Nifty or Nifty 500 is worth taking note of. In the same period where the portfolio generated returns of 101.7 percent, the Nifty gained by 35.9 percent and the Nifty 500 gained by 49.3 percent. That’s a splendid outperformance and subscribers who would have acted on these portfolio recommendations would have benefited from the outperformance.

Source: Moneycontrol Research

Six out of the fourteen stocks turned out to be absolute multibaggers.

Source: Moneycontrol Research

Another three stocks have also put up a show of strength.

Source: Moneycontrol Research

Now that the full budget of the NDA 3.0 government has been announced, it’s time for MC Pro’s Budget 2024 portfolio that is being launched with a similar bottom-up stock picking approach of identifying unique gems. However, the portfolio has been constructed post-Budget and not pre-Budget. This is to assess the priorities of the NDA 3.0 government and its priorities as there was some expectation on the Street of a shift becoming evident.

The budget that was presented is one of continuity with a focus on fiscal consolidation, similar thrust on capex as in the past and high priority on job creation. However, the sentiment spoiler in capital gains tax tweak has masked the core messaging so far. The MC Pro Research team has handpicked 17 jewels to ride the growth journey ahead. This portfolio will be released this week and keep a watch out for it. And, if you are not a subscriber, then go ahead and subscribe to get to get exclusive access to this portfolio and the various exclusive features enjoyed by subscribers. Click here to subscribe.