Portfolio Health Assessment - (13th May 2024 - 17th May 2024)

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

We've witnessed volatile moves in the Index as India VIX now crossed above 20. This week the Nifty Index has recovered well and closed around 22500 mark. It has change the overall sentiment and market is expecting continuation of the stable political system. India's Q3 2023 GDP growth rate of 8.4% exceeds the consensus forecast of 6.6%. India's CPI inflation rate cooled to 4.83% in April from 4.85% in March. In its April 2024 policy meeting, the RBI held the repo rate unchanged at 6.5%. US inflation increased beyond forecast in March to 3.5%, rising from 3.2% in February. The Fed has kept the policy rate unchanged, but the pace of balance sheet reduction has dropped from $60 billion to $25 billion. By doing this, system liquidity is improved and the higher policy rate is offset. Due to that the US market is trading at an ATH. The NASDAQ technology index is likewise at a record high.

Weekly recap:

The Nifty IT Index and the Bank Nifty Index have underperformed the Nifty Index this week.

Nifty Midcap 100 Index is up +4.18 percent.

This week, the Nifty Index is up +1.86 percent.

Key Levels for the Nifty Index

20   EMA - 22319

50   DMA - 22313

200 DMA - 20908

Open - 22027.95

Low -   21821.05

High -  22502.15

Close - 22466.10

Nifty closed above the 50 DMA, 20 EMA and 200 DMA suggesting the up trend in the Index.

Model 1, Model 2 & Model 3

This week, Model 1 is up +7.82 percent and Model 3 is up +7.16 percent.

Model 1 has outperformed the Index by +5.96 percent and Model 3 has outperformed the Index by +2.98 percent.

Nifty Long-Short

The Long-Short strategy for the Nifty Index has returned a negative result of -1.22 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 April 2024, Models 1 and 3 returned +9.92 percent, and +7.64 percent respectively, compared to the Nifty 50 Index's +1.24 percent return.

In April 2024, the Nifty Long-Short is up +8.79 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

Models 1, and 3 returned +21.93 percent, and +22.61 percent respectively, compared to Nifty's +3.38 percent return for 2024.

The Nifty Long-Short year-to-date return (from January 1, 2024) is now -1.66 percent, compared to the Index's +3.38 percent.

From July 12th, 2021, the Model 3 is up +112%, compared to 88% for the Nifty Midcap Index.

Summary since inception 

Since its debut, Model 1 has increased by 287 percent. The Nifty index has risen by 108 percent over the same time span.

Since its debut, the Nifty long-short strategy has returned 200 percent on capital and 370 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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