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
Finally, FY 2023–2024 ends on a high note. For this fiscal year, the Nifty is up 28.6%. Due to the Monday and Friday holidays, this week was shortened. The Nifty Index had a significant rise this week, and the market reached an all-time high mark. With a positive outlook, the Nifty crossed above the 22500 mark and closed around it. India's Q3 2023 GDP growth rate of 8.4% exceeds the consensus forecast of 6.6%. India's CPI inflation rate cooled to 5.09% in February from 5.10% in January. In its February 2024 policy meeting, the RBI held the repo rate unchanged at 6.5%. The Fed has kept the policy rate unchanged in March meeting and signaled three rate cut for this year despite stickiness of the Inflation. On the rate cut news the US market hit all time high mark. The US CPI print for February is 3.2%, compared to 3.1% in January.
Weekly recap:
The Nifty IT Index and the Bank Nifty Index have underperformed the Nifty Index this week.
Nifty Midcap 100 Index is up +1.56 percent.
This week, the Nifty Index is up +1.04 percent.
Key Levels for the Nifty Index
20 EMA - 22105
50 DMA - 21954
200 DMA - 20403
Open - 21947.90
Low - 21947.55
High - 22516.00
Close - 22326.00
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 +1.22 percent and Model 3 is up +2.00 percent.
Model 1 has outperformed the Index by +0.18 percent and Model 3 has outperformed the Index by +0.44 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +2.89 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 March 2024, Models 1 and 3 returned -7.12 percent, and -0.17 percent respectively, compared to the Nifty 50 Index's +1.57 percent return.
In March 2024, the Nifty Long-Short is up +5.02 percent.
For the Financial year 2023 - 2024 (1st April 2023 - 31st March 2024), Model 1, 3, and Nifty Long-Short returned +86.48%, +82.78%, and +36.20%, respectively, compared to the Nifty 50 Index's return of +28.61%.
Year To Date - 2024
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Models 1, and 3 returned +8.12 percent, and +9.21 percent respectively, compared to Nifty's +2.74 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -10.78 percent, compared to the Index's +2.74 percent.
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From July 12th, 2021, the Model 3 is up +89%, compared to 75% for the Nifty Midcap Index.
Summary since inception
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Since its debut, Model 1 has increased by 244 percent. The Nifty index has risen by 107 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 172 percent on capital and 319 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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