Two or three bets in a few portfolios have accounted for bulk of total returns. This is evident in the 2014 and 2015 sets of stocks. In the 2014 portfolio, Vinati Organics and Atul fetched annualised returns of 34% and 26.6% respectively, including dividends. Outsized returns in these positions nullified the sharp erosion in two other stocks to help the portfolio beat indices and diversified funds. Similarly, for the 2015 basket, Bajaj FInserv (35%) and Coromandel International (27%) fired the portfolio to an impressive outperformance over indices and funds.
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