Raamdeo Agrawal's Biggest Regret: Early HDFC Bank Exit

• Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services, considers selling HDFC Bank shares too early his "costliest mistake."
• He bought HDFC Bank shares in 1995 at ₹40, accumulating 5-6 lakh shares with strong conviction.
• Agrawal sold his entire holding at ₹52.50 after receiving information about NatWest's potential withdrawal from its partnership.
• The decision cost him significant returns, as HDFC Bank became one of India's largest and most valuable financial institutions.
• His takeaway for investors is that selling great businesses too early can be a major wealth destroyer.

Why It Matters: Raamdeo Agrawal's mistake shows the high cost of selling great investments too early.