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. RBI has maintained the status quo and kept the repo rate at 6.5%. Also, Incremental CRR measure has been withdraw. Global markets are under pressure due to raising the US bond yield. Also, the US dollar index is rising due to 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. 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 and above 50 DMA, and 200 DMA suggesting the trend reversal or pause in the downtrend in the Index.
Key Levels for the Nifty Index
20 EMA - 19661
50 DMA - 19607
200 DMA - 18517
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 down -0.62 percent.
This week, the Nifty Index is up +0.08 percent.
Open - 19622.40
Low - 19333.60
High - 19674.90
Close - 19653.50
Model 1, Model 2 & Model 3
This week, Model 1 is down -0.29 percent and Model 3 is down -2.36 percent.
Models 1 has underperformed the Index by -0.37 percent and Model 3 has underperformed the Index by -1.74 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +0.63 percent this week.
Next Week Update
The Nifty Long-Short Strategy's current position is Long.
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 +20.06 percent, and +16.21 percent respectively, compared to Nifty's +8.55 percent return for 2023.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -1.47 percent, compared to the Index's +8.55 percent.
From July 12th, 2021, the Model 3 is up +36%, compared to 46% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 171 percent. The Nifty index has risen by 82 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 128 percent on capital and 237 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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