Becoming rich through the stock market is a dream that many envision, but only a few can truly achieve it.
Ashish Dhawan is one such investor who made it happen. Many may know him as a founder of Ashoka University, but his success didn’t come overnight. His early interest in mathematics and finance sowed the seeds right.
He pursued higher education in the United States where he earned his undergraduate degree from Yale and an MBA from Harvard.
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With that pedigree, he landed jobs in the largest investment banking firms and gained the necessary experience to flourish as a private equity investor. In 1999, he co-founded ChrysCapital with Raj Kondur, which grew into one of the largest investment funds in the country.
Ashish's wealth grew as he picked out gems from the stock market, many of which have become multibaggers. The stocks he holds automatically improve the company's credibility to a large extent.
Let's take a look at his public portfolio:
According to the most recent data for the June 2024 quarter, Ashish Dhawan’s portfolio consists of 12 stocks. This shows he has a focussed investment strategy and has consistently kept the number of stocks below 15 over the past few years.
The largest holdings in his portfolio include Glenmark Pharma, IDFC, and M&M Financial Services. During this period, there were no big changes in his portfolio.
|
Stock Name
|
Quantity Held |
Holding Percent |
Holding Value Rs |
| AGI Greenpac Ltd. |
31,00,000 |
4.79% |
270.9 Cr |
| Dish TV India Ltd. |
2,89,57,491 |
1.57% |
39.2 Cr |
| Glenmark Pharmaceuticals Ltd. |
72,00,000 |
2.55% |
1,182.4 Cr |
| Greenlam Industries Ltd. |
48,14,210 |
3.77% |
266.4 Cr |
| IDFC Ltd. |
5,60,00,000 |
3.50% |
604.9 Cr |
| Mahindra & Mahindra Financial Services Ltd. |
1,46,00,000 |
1.18% |
465.8 Cr |
| Palred Technologies Ltd. |
6,78,189 |
5.54% |
6.6 Cr |
| Quess Corp Ltd. |
58,61,223 |
3.95% |
480.9 Cr |
| RPSG Ventures Ltd. |
12,34,286 |
3.73% |
131.4 Cr |
| Arvind Fashions Ltd. |
65,64,065 |
4.93% |
382.1 Cr |
| Equitas Small Finance Bank Ltd. |
4,03,70,000 |
3.55% |
331.0 Cr |
| Religare Enterprises Ltd. |
76,05,608 |
2.30% |
205.7 Cr |
Changes made in holdings of the June Quarter:
|
Stock Name
|
Quantity Held |
Holding Percent |
Change from Previous Qtr |
Holding Value Rs |
| Arvind Fashions Ltd. |
65,64,065 |
4.93% |
-0.01 |
381.0 Cr |
| Equitas Small Finance Bank Ltd. |
4,03,70,000 |
3.55% |
-0.01 |
331.0 Cr |
| Religare Enterprises Ltd. |
76,05,608 |
2.30% |
-0.01 |
207.4 Cr |
Snapshot of the Major Portfolio Company’s Operations
●Mahindra and Mahindra Financial Services Ltd: It is an NBFC that focuses on asset financing for vehicles, tractors, and housing finance.
● Glenmark Pharmaceuticals Ltd: A global pharmaceutical company that operates in the dermatology, respiratory, and oncology sectors, with an annual return of 67.46%.
● IDFC Ltd: It is a banking company that focuses on corporate, retail, and treasury banking. It has recorded an annual return of 25.33%.
●Equitas Small Finance Bank Ltd: This bank focuses on retail, micro-finance, and SME lending.
● Quess Corp Ltd: It is a workforce management and asset management company.
● Greenlam Industries Ltd: It is a manufacturer of laminates and veneers.
Investment Tips from Ashish Dhawan
Diversify your investments: Dhawan advises spreading your money across different assets and sectors. This reduces risk and increases the chance of long-term growth.
Do your research: Before investing, he stresses the importance of researching the company, market trends, and competitors. This helps in making smarter investment decisions.
Think long-term: He suggests focusing on long-term goals instead of trying to make quick gains. Staying invested for the long haul can lead to better rewards.
Manage risk: He encourages setting realistic expectations while keeping an eye on your investments. He also advises on having a plan in case they don’t perform well.
Stay disciplined: As per Dhawan, if you stick to your investment plan and don’t react emotionally to short-term market changes, you can build lasting wealth.
Conclusion
Ashish Dhawan's early success in investing allowed him the flexibility to pursue multiple paths. Once he achieved a milestone in the finance domain, he shifted his focus towards a career in education and later, philanthropy.
Dhawan’s journey serves as a reminder to learn from mistakes and stay disciplined. While the stock market can challenge one’s patience, it tends to reward those who stay committed over time.
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