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 somewhat turbulent week, and the Nifty Index's movement was range-bound. Global markets are under pressure due to nervousness over the US debt ceiling. The US dollar index is rising as a result of concerns about inflation, and emerging markets are under pressure. Although the Fed has halted the rate hike, its hawkish rhetoric suggested a future rate hike, which alarmed global markets. August month CPI inflation for India is at 6.83% compared to 7.44% in July. RBI has decided on the gradual withdrawal of incremental CRR requirements. India's GDP growth rate for Q1 2023 comes at 7.8%, which aligns with the market expectation. 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%.
Nifty closed below the 20 EMA, 50 DMA, and 200 DMA after long time suggesting the weakness in the Index.
Key Levels for the Nifty Index
20 EMA - 19718
50 DMA - 19625
200 DMA - 18497
Weekly recap:
The Nifty IT Index has underperformed the Nifty Index and the Bank Nifty Index has outperformed the Nifty Index.
Nifty Midcap 100 Index is down -0.18 percent.
This week, the Nifty Index is up +0.99 percent.
Open - 19678.20
Low - 19492.10
High - 19766.65
Close - 19638.30
Model 1, Model 2 & Model 3
This week, Model 1 is up +1.94 percent and Model 3 is up +3.19 percent.
Models 1 has outperformed the Index by +2.12 percent and Model 3 has outperformed the Index by +2.20 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +1.21 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 2023, Models 1, and 3 returned +2.08 percent, and +6.06 percent respectively, compared to the Nifty 50 Index's +2.00 percent return.
In September 2023, the Nifty Long-Short is up +14.67 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 +20.40 percent, and +19.05 percent respectively, compared to Nifty's +8.47 percent return for 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -2.09 percent, compared to the Index's +8.47 percent.
From July 12th, 2021, the Model 3 is up +39%, compared to 47% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 172 percent. The Nifty index has risen by 82 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 127 percent on capital and 235 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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