I have recently started investing in Indian stock market. It has only been six months, and I have invested around ~10L, sitting at 12% profit(P/L).
I happened to discover a core problem in my investments, being a noob initially, whenever I found a business fascinating, I would invest in it(2-3 stocks in the same sector, sometimes more than 3 as well) not thinking about how would my portfolio generate good/greater returns. I never invested in a Micro-Nano cap tbh, Small cap a few with good business background, but Mid and Large cap shares is mostly present in my portfolio. I have around 120 holdings as of now. Now, you can imagine I have only invested a small quantity of amount for each positions held, with a few number of shares all together. Fear of money loss kept investments spread thin, hindering potential gains.
I really want to cut my holdings and bring it something around only 10-20 businesses, but what I am worried about is, if I happen to sell most of them, I will be imposed with 15% STCG.
In this bullish market, 12% profit at an investment of ~10L is nothing, I feel so. It would have been better had if I simply invested in Nifty 50 or Sensex.
What is your take on this, should I sell most of the shares to bring my holdings down, or should I at least hold for another 6-10 months, in order to be in a LTCG category to be imposed less tax on selling?
Also, it is difficult to time the markets, selling selective things would be difficult for sure and I don't have much knowledge about technical analysis as well, but I can only stick with monopolies is what I can think as of now.
Thanks in advance, for helping me out with the above questions!
