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 we have seen another round of sell off in the Nifty Index. The Nifty Index is now down 8% from the recent high of 26272. This week the Nifty Index closed at 24180. HDFC bank has posted good quarterly result which supported the Nifty Index this week. The Index heavyweight Reliance Industries is down almost 17.5% from all time high. The Midcap index is down almost 6% this week. FIIs are selling record amount in Indian market. They sold around 1 lakh crore worth of equity shares in October 2024. 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.
Our Strategy :-
The model has a built-in mechanism to deal with this type of market decline. Next week, Model 1 will have a 70% cash component, while Model 3 will have a 70% portfolio replacement.
Weekly recap:
The Nifty IT Index and the Bank Nifty Index have outperformed the Nifty Index this week.This week, Nifty Midcap 100 Index is down -5.75 percent.
The Nifty Index is down -2.75 percent.
Key Levels for the Nifty Index
20 EMA - 24866
50 DMA - 25128
200 DMA - 23380
Open - 24956.15
Low - 24073.90
High - 24978.30
Close - 24180.80
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 -7.92 percent and Model 3 is down -7.86 percent.
Model 1 has underperformed the Index by -5.17 percent and Model 3 has underperformed the Index by -2.11 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +9.52 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 +25.44 percent, and +29.22 percent respectively, compared to Nifty's +11.27 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +56.44 percent, compared to the Index's +11.27 percent.
From July 12th, 2021, the Model 3 is up +123%, compared to 101% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 299 percent. The Nifty index has risen by 124 percent over the same time span.
Since its debut, the Nifty long-short strategy has increased by 377 percent on capital and 698 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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