MC Pro’s Budget 2024 Portfolio outperforms in a difficult market. Look out for the 2025 edition

MC Pro’s Budget 2024 Portfolio outperforms in a difficult market, look out for the 2025 edition

Stock markets have seen a record high and also a steep fall in the past six months. Braving all odds, MC Pro’s Budget 2024 Portfolio that was launched on 30^th July 2024 has fallen by 2.5 percent against Nifty’s decline of 7.3 percent and 10.6% for Nifty 500.

Although the 17-stock Budget 2024 portfolio has a relatively short history compared to other portfolios curated and managed by MC Pro, in a little over six months, the portfolio has outperformed both the Nifty and Nifty 500.

Despite the meaningful decline in broader markets, the portfolio had some winners and few multibaggers as well.

A few high quality companies managed to weather the storm relatively better.

The stocks that didn’t do well enough in the past six months, however, are again high quality names. Stocks like L&T, SBI, Protean, MediAssist, Syngene, PI Industries aren’t the businesses to be sold in a hurry. We feel all the seventeen stocks are high quality well researched ideas and investors should hold on to these positions for long-term gains. Also, the short life of this portfolio because the full Budget was presented in July due to general elections means that there is more time for the investing themes to fully play out.

The good news is that amid the market volatility, the Union government has presented a pragmatic budget in February 2025 that focuses on reviving growth through energizing the consumption engine while sticking to fiscal prudence. In the largely global factors led market volatility, fear has gripped most investors’ psyche, and the positive thrust of the budget seem to have been overpowered by short-term nervousness. The correction in the broader market is beginning to gradually open up opportunities to add high quality businesses at better valuation.  Mc Pro Research has handpicked 18 quality names, to ride the challenging times for long-term investors. The portfolio will be unveiled on 17^th February 2025, Monday,

If you are a Pro subscriber, go here to add this portfolio in your investment journey (https://www.moneycontrol.com/pro-alpha-portfolio/). Start using the Alpha Folios to create your own portfolios with ease and visit regularly to see what’s new. If you are not yet a Pro subscriber, no better time than this to join the growing community of over one million subscribers. Click here to join MC Pro (https://www.moneycontrol.com/promos/pro.php).