@Chhote Lal One last observation.
While you are right about markets always in upward trajectory with some hiccups like 2007, 2016, 2020 years... and this is an Indian phenomenon, its across the globe.
But the whole point is, we do not buy sensex, nifty or bank index... we buy stocks and stocks that boomed in 2007, many disappered, some hugely underperformed and some did great.
Almost entire pharma, almost entire tech, almost entire private sector banks, almost entire FMCG stocks have relatively under performed markets post covid.
So yeah, while it is very easy to say after 4 years in to bull market post covid, I want to see how many really advised this around 2021-2022.
And I am not against holding IPOs for long terms, but you have to be really convinced that you are not seeing a better opportunity in secondary market. The valudations at which these IPOs are coming at, I do not that value.
I feel even IREDA chairman would be super confused looking at his stock price, else they would not have quoted IPO at 12% of the current price just 8 months back.
Anyways, this was my 2 cents but if something is working for you then you should always follow that. All the best!