HDFC LIFE INSURANCE COMPANY LIMITED

Stock Pick for the next Decade 2021-2030

The name says it all, pioneers in banking and financial business HDFC group company.

Insurance penetration in India is one of the lowest @ 3.7% across the world (Feb 2019 data). With the growing economy, this can only get better. In that case, HDFC Life is likely to benefit with leading position in the protection business, an expanding distribution network, high focus on technology, product innovation and an experienced management.

Given its best-in-class return ratios (RoE: 19.6% and RoCE: 20.2%), this stock is a definite multi-bagger in the long run.

Trading around 650 (Dec 2020). Buy in small quantities on dips and hold for 10 years. You will be rewarded adequately.

Personally, I will not advice selling this stock, pass it on to future generations. 

Disclosure:  I am holding this stock.

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