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 had a union budget. It was a vote on accounts rather than the entire budget. This year's budget maintained the same tax rate and did not offer any freebies in spite of the general election later this year. Compared to the previous year, capex went up by 11.11% to 11.11 lakh crore. The bond market has gained momentum and the 10-year G-sec yield has dropped to 7.02% as a result of the fiscal deficit target being set at 5.1% for the next fiscal year. We had witness significant volatile movement in the Nifty Index through out the whole week except on budget day, which is contrary to popular belief. The Nifty reached an all-time high on Friday, but it was unable to hold onto the gains. The Fed has kept the policy rate unchanged and rule out of rate in March cycle. The US CPI print for December is 3.4%, compared to a projected 3.2%. India's CPI inflation rate jumped to 5.69% in December from 5.5% in November owing primarily to rising food prices, which was consistent with projections. India's Q2 2023 GDP growth rate of 7.6% exceeds the consensus forecast of 6.8%. In its December 2023 policy meeting, the RBI held the repo rate unchanged at 6.5%.
Weekly recap:
The Nifty IT Index has underperformed the Nifty Index and the Bank Nifty Index has outperformed the Nifty Index this week.
Nifty Midcap 100 Index is up +2.69 percent.
This week, the Nifty Index is up +2.35 percent.
Key Levels for the Nifty Index
20 EMA - 21592
50 DMA - 21246
200 DMA - 19672
Open - 21433.10
Low - 21429.60
High - 22126.80
Close - 21853.80
Nifty closed above the 50 DMA, 200 DMA and 20 EMA suggesting the up trend in the Index.
Model 1, Model 2 & Model 3
This week, Model 1 is up +6.59 percent and Model 3 is up +2.08 percent.
Model 1 has outperformed the Index by +4.24 percent and Model 3 has underperformed the Index by -0.61%.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -0.12 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 January 2024, Models 1, and 3 returned +20.4 percent, and +16.6 percent respectively, compared to the Nifty 50 Index's -0.03 percent return.
In January 2024, the Nifty Long-Short is down -14.14 percent.
For the year 2023 (1st January 2023 - 30 December 2023), Model 1, 3, and Nifty Long-Short returned +40.80%, +47.59%, and +31.86%, respectively, compared to the Nifty 50 Index's return of +20.03%.
Year To Date - 2023
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Models 1, and 3 returned +23.96 percent, and +15.44 percent respectively, compared to Nifty's +0.56 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -12.06 percent, compared to the Index's +0.56 percent.
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From July 12th, 2021, the Model 3 is up +99%, compared to 76% for the Nifty Midcap Index.
Summary since inception
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Since its debut, Model 1 has increased by 294 percent. The Nifty index has risen by 102 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 168 percent on capital and 311 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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