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
It was a choppy week; we have seen the sharpest single-day cut in the Nifty Index. Fitch has cut the US government sovereign rating to AA+ from AAA, which spoked the global market. The last time was in 2011 when the rating agency cut the sovereign rating of the US. The Fed has increased the Fed rate by 25 bps to 5.5%. India's GDP growth rate for the final three months of FY 2023 was 6.1%, and for the entire year, it was 7.2%, exceeding the forecasted figure of 7%. The CPI reading for India for June was 4.8%, in line with market estimations. RBI has kept the repo rate unchanged but increased the CRR for the incremental NTDL and commentary was hawkish that spoked the market.
Nifty closed above the 20 EMA, 50 DMA, and 200 DMA.
Key Levels for the Nifty Index
20 EMA - 19543
50 DMA - 19240
200 DMA - 18280
Weekly recap:
The Nifty IT Index has outperformed the Nifty Index and the Bank Nifty Index has underperformed the Nifty Index.
Nifty Midcap 100 Index is up +0.55 percent.
This week, the Nifty index is down -0.45 percent.
Open - 19576.85
Low - 19413.80
High - 19645.50
Close - 19428.30
Model 1, Model 2 & Model 3
This week, Model 1 is down -0.47 percent and Model 3 is up +1.56 percent.
Model 1 has underperformed the Index by -0.02 percent and Model 3 has outperformed the Index by +1.01 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -4.33 percent this week.
Next Week Update
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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 July 2023, Models 1, and 3 returned +2.95 percent, and +8.72 percent respectively, compared to the Nifty 50 Index's +2.94 percent return.
In July 2023, the Nifty Long-Short is up +3.18 percent.
For the year 2022 (1st January 2022 - 30 December 2021), Model 1, 3, and Nifty Long-Short returned -17.87%, -3.31%, and +31.43%, respectively, compared to the Nifty 50 Index's return of +4.27%.
Year To Date - 2023
Models 1, and 3 returned +8.75 percent, and +8.29 percent respectively, compared to Nifty's +7.31 percent return for 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -8.89 percent, compared to the Index's +7.31 percent.
From July 12th, 2021, the Model 3 is up +27%, compared to 38% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 145 percent. The Nifty index has risen by 80 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 111 percent on capital and 206 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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