Important: This page shows Sutanu Bhowmick's personal investment record. It is not a managed fund, not a SEBI-registered advisory service, and not a solicitation. Past performance does not guarantee future results. For registered services see footer.
Personal investment record · Verified · Since 2011

15 years. Two portfolios. Every calendar year above the Nifty 50.

Not a backtest. Not a model portfolio. Actual positions, actual prices, actual returns — verifiable against broker statements and NSE data.

15
Calendar years
Portfolio R tracked
15/15
Years above
Nifty 50 — every one
11
Calendar years
Portfolio S tracked
Indexed performance

The compounding gap — both portfolios vs Nifty 50

Both the portfolio and a Nifty 50 equivalent start at 100. Every time capital was added to the portfolio, the same amount on the same date is tracked against the Nifty. The gap is what consistent annual outperformance looks like compounded over time.

Portfolio R vs Nifty 50 equivalent — Indexed to 100 at Jan 2011
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ⓘ The Nifty line is a money-weighted equivalent — not the raw Nifty index. It tracks what the same capital, deployed at the same dates as each portfolio investment, would have grown to in a Nifty 50 Price Return Index fund. This is the correct apples-to-apples comparison. The XIRR (14.57%/yr) is what you would compare against your FD rate or MF returns.
Portfolio S vs Nifty 50 equivalent — Indexed to 100 at Jan 2015
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By the numbers

What the numbers show

Consistency

Year by year — every year, not just the good ones

Outperforming in bull markets is common. The test is 2018 (IL&FS), 2020 (COVID), 2022 (Russia-Ukraine) — years when most portfolios struggled. Both portfolios beat the Nifty equivalent in every calendar year tracked.

Portfolio R · 2012–2026

15 of 15 years above Nifty equivalent

Portfolio S · 2016–2026

11 of 11 years above Nifty equivalent

Process — not luck

Three sector pivots that built Portfolio R

The sector rotation record is the evidence of active management — when to enter, when to exit, and why. No single stock explains the 15-year record. The calls were at sector level.

2011
Entry
Concentrated in Capital Goods, Metals, NBFC
Heavy exposure to infrastructure and metals at post-2008 depressed valuations. NBFC as a proxy for credit growth in a rising rate cycle. Portfolio started at Rs 4.9L of invested capital.
Value entry at cycle low
2015
Pivot
Full exit from Metals — rotation into Banking and Pharma
Metals exited before the commodity bust. Capital rotated into private sector banking at multi-year lows and pharma ahead of their extended run. The banking entry at 2015 valuations became the portfolio's largest compounder.
Metals exit before bust Banking entry at cycle low
2023
Current
Reducing concentration — adding IT, Telecom, Auto
Capital Goods weight reduced from ~32% to ~10% as valuations stretched. New positions in IT and Telecom as the portfolio matures and diversification becomes the priority. Fixed income (Rs 45L, RBI bonds at 8.05%) added for capital preservation.
Risk management at scale

Full portfolio breakdown — on request

Holding-by-holding data: every position, entry price, quantity, unrealised P&L, sector allocation history, and year-by-year commentary — for both portfolios. Available to serious enquirers.

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Verification

How to verify any of this

Every figure is from actual broker transaction data and NSE/BSE closing prices. Nothing is estimated or modelled.

XIRR (money-weighted return)
Computed from actual buy/sell dates and amounts from broker contract notes. Accounts for the timing and size of each investment. Verifiable in any Excel or financial calculator using the XIRR function.
Nifty comparison (money-weighted)
Same capital deployed at the same dates, tracked against the Nifty 50 Price Return Index. Both series indexed to 100 at portfolio start date — same base, same methodology. Not the raw Nifty index, which would ignore the timing of when money was invested.
Year-by-year figures
Calendar year-end portfolio values from broker statements. 2026 figures as of August 2026. YoY percentages include unrealised gains — these are portfolio values, not cash returns.
Stock prices and quantities
Current market prices from NSE. Average costs from broker contract notes. All verifiable against publicly available exchange data.