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
Due to the crisis between Israel and Iran, the Nifty Index saw volatile movement this week, crossing below the 22,000 barrier, but it managed to close above the 22,000 mark on Friday. The prolonged conflict situation in the Middle East has caused caution in the equities markets around the world. The US inflation increased to 3.5% in March from 3.2% in February, which is above the expectation. Due to higher inflation and not so encouraging inflation outlook global market spooked. India's Q3 2023 GDP growth rate of 8.4% exceeds the consensus forecast of 6.6%. India's CPI inflation rate cooled to 4.85% in March from 5.09% in February. In its April 2024 policy meeting, the RBI held the repo rate unchanged at 6.5%.
Weekly recap:
The Nifty IT Index and the Bank Nifty Index have underperformed the Nifty Index this week.
Nifty Midcap 100 Index is down -2.74 percent.
This week, the Nifty Index is down -1.65 percent.
Key Levels for the Nifty Index
20 EMA - 22300
50 DMA - 22173
200 DMA - 20641
Open - 22339.05
Low - 21777.65
High - 22427.45
Close - 22147.00
Nifty closed below the 50 DMA and 20 EMA suggesting the down trend in the Index.
Model 1, Model 2 & Model 3
This week, Model 1 is down -2.65 percent and Model 3 is down -2.36 percent.
Model 1 has underperformed the Index by -1.00 percent and Model 3 has outperformed the Index by +0.38 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +2.21 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 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 +8.23 percent, and +13.20 percent respectively, compared to Nifty's +1.91 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -7.08 percent, compared to the Index's +1.91 percent.
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From July 12th, 2021, the Model 3 is up +95%, compared to 77% 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 105 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 183 percent on capital and 339 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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