Portfolio links
Model 1 Performance (To know more about it click here)
Model 2 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, Nifty is down by 0.73%.
The Nifty Index hit 15451.50 on the lower side and hit 15901.60 on the upper side and ended at 15719.85.
Model 1 & Model 2
This was one of the worst weeks for Model 1 and Model 2. Model 1 is down 11.06% and model 2 was down 6.96%.
Such a huge downside deserves an explanation, and we have one for you.
The first factor was the buzz around Adani stocks, which made up a large holding of our portfolio as of last week. Adani’s listed stocks came under the scanner due to reports saying that some of their biggest investors are Mauritius based shell accounts. Though nothing was proven, the thought itself was compelling enough for retail investors to sell all of Adani’s shares and drive the price tanking. (See Adani Total Gas Ltd)
Does this mean that you should stop investing for the long term? Absolutely not. We are still confident in the long term performance of our models and the Indian growth story.
Nifty Long-Short
The Nifty Index Long-Short strategy has ended up in red by -0.97%. It's year-to-date (From 1st Jan 2021) return now beats the index with 14.17% (28% on margin money) as compared to the 12.17% of the Index.
Next Week Update
There are 3 changes for Model 1 & no change for Model 2 for the next week.
The current position for the Nifty Long-Short Strategy is Short.
Long term Performance Summary
Both Model 1 & 2 have underperformed the Nifty Index in May 2021. We were in cash for the first two weeks of May and then we took a position once again from 10th May.
Nifty Long-Short is now on the path of recovery after two months of severe uncertainty as the market starts trending once again. It was up 8.59% in May and outperformed the Nifty Index.
Model 1 and Model 2 both are live from 13th July 2020 while the Index Long-Short strategy has been live from 14th August 2020.
Model 1 and 2 are up 96.72% and 76.19% respectively from inception. For the same period, the Nifty Index is up 45.18%.
The Nifty long-Short strategy is up around 90% and 167% on the margin money.
){kind=link}