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 tremendous selling from FII, and the India VIX is currently trading at about 18, up nearly 80% in just a few sessions. As the 2024 general election draws to a close, we are witnessing a rise in volatility. This week, the Midcap Index and Small Cap Index are down 2.75 percent and 5%, respectively. The Fed has kept the policy rate unchanged, but the rate of balance sheet reduction has decreased from $60 billion to $25 billion. By taking this action, the higher policy rate is offset and system liquidity is enhanced. 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 markets are cautioned. 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 outperformed and the Bank Nifty Index has underperformed the Nifty Index this week.
Nifty Midcap 100 Index is down -2.75 percent.
This week, the Nifty Index is down -1.87 percent.
Key Levels for the Nifty Index
20 EMA - 22334
50 DMA - 22297
200 DMA - 20846
Open - 22561.60
Low - 21932.40
High - 22588.80
Close - 22055.20
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 -5.47 percent and Model 3 is down -5.38 percent.
Model 1 has underperformed the Index by -3.6 percent and Model 3 has underperformed the Index by -2.63 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +5.45 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 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 +13.11 percent, and +14.44 percent respectively, compared to Nifty's +1.49 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now -0.45 percent, compared to the Index's +1.49 percent.
From July 12th, 2021, the Model 3 is up +98%, compared to 80% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 259 percent. The Nifty index has risen by 104 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 204 percent on capital and 378 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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