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, the Nifty Index achieved an all-time high mark but not able to sustain it due to global headwinds. 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 has underperformed and the Bank Nifty Index has outperformed the Nifty Index this week.
Nifty Midcap 100 Index is up +0.01 percent.
This week, the Nifty Index is up +0.03 percent.
Key Levels for the Nifty Index
20 EMA - 22380
50 DMA - 22142
200 DMA - 22574
Open - 22578.35
Low - 22503.75
High - 22775.70
Close - 22519.40
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 down -1.53 percent and Model 3 is up +0.71 percent.
Model 1 has underperformed the Index by -1.56 percent and Model 3 has outperformed the Index by +0.70 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +0.01 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 +11.19 percent, and +15.95 percent respectively, compared to Nifty's +3.63 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2023) is now -9.09 percent, compared to the Index's +3.63 percent.
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From July 12th, 2021, the Model 3 is up +100%, compared to 82% for the Nifty Midcap Index.
Summary since inception
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Since its debut, Model 1 has increased by 253 percent. The Nifty index has risen by 108 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 177 percent on capital and 328 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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