Portfolio Links
Model 1 Performance (To know more about it click here)
Model 3 Performance (To know more about it click here)
Nifty Future Long-Short Strategy Performance (To know more about it click here)
Weekly Portfolio Performance Chart
This week the Nifty Index remained flat with high intraday volatility. The Nifty Index has started on positive note at the start but not able to maintain the momentum. This week the Nifty index closed below 25000 mark again. The Index heavyweight Reliance Industries is down almost 16% from all time high and the HDFC bank is almost flat for a year. The CPI inflation rate in India increased massively from 3.65% in August to 5.49% in September mainly due to the higher food price. RBI kept the repo rate unchanged at 6.5%. September 2024 saw 1.73 lakh crore in GST collected, a 6.5% YoY increase. US inflation dropped from 2.5% in August to 2.4% in September.
Weekly recap:
The Nifty IT Index has underperformed the Nifty Index and the Bank Nifty Index has outperformed the Nifty Index this week.This week, Nifty Midcap 100 Index is down -0.95 percent.
The Nifty Index is down -0.40 percent.
Key Levels for the Nifty Index
20 EMA - 25149
50 DMA - 25105
200 DMA - 23310
Open - 25023.45
Low - 24567.65
High - 25212.05
Close - 24854.05
Nifty closed below the 50 DMA and 20 EMA suggesting short term down trend in the Nifty Index.
Model 1 & Model 3
This week, Model 1 is down -0.73 percent and Model 3 is down -1.51 percent.
Model 1 has underperformed the Index by -0.33 percent and Model 3 has underperformed the Index by -0.56 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -0.14 percent this week.
Next Week Update
The Nifty Long-Short Strategy's current position is Short.
Long-term Performance Summary
Monthly Performance Summary of Models
*After brokerage and taxes, returns are determined at the performed deals.
In September 2024, Models 1 and 3 returned -1.35 percent, and -2.30 percent respectively, compared to the Nifty 50 Index's +2.28 percent return.
In September 2024, the Nifty Long-Short is up +0.82 percent.
For the Financial year 2023 - 2024 (1st April 2023 - 31st March 2024), Model 1, 3, and Nifty Long-Short returned +86.48%, +82.78%, and +36.20%, respectively, compared to the Nifty 50 Index's return of +28.61%.
Year To Date - 2024
Models 1, and 3 returned +36.26 percent, and +40.29 percent respectively, compared to Nifty's +14.41 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +42.84 percent, compared to the Index's +14.41 percent.
From July 12th, 2021, the Model 3 is up +142%, compared to 113% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 333 percent. The Nifty index has risen by 130 percent over the same time span.
Since its debut, the Nifty long-short strategy has increased by 336 percent on capital and 622 percent on margin money.
Model 1 has been operational since July 13, 2020, whereas the Index Long-Short strategy has been operational since August 14, 2020. Model 3 has been operating since July 12, 2021.
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