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 India VIX come down below 13 and market is now back to pre-election territory. We have not seen big volatile move this week in the Nifty Index. The CPI inflation rate in India decreased from 4.83% in April to 4.75% in May. At its policy meeting in June 2024, the RBI decided to maintain the 6.5% repo rate in place. India's GDP grew at a pace of 7.8% in Q42023, far faster than the 6.8% predicted. Over the entire year, India's GDP has grown by 8.2%. Additionally, the RBI raised its forecasted GDP growth rate for FY 24–25 from 7% to 7.2%. US inflation decreased from 3.4% in April to 3.3% in May. The Fed has kept the repo rate unchanged and signaled for 1 rate cut for this year, which is less than initial forecast of 2-3 rate cuts. Also, Fed is okay with average inflation of 2.7% compare to their 2% long term target.
Weekly recap:
The Nifty IT Index and the Bank Nifty Index have underperformed the Nifty Index this week.
Nifty Midcap 100 Index is up +3.87 percent.
This week, the Nifty Index is up +0.75 percent.
Key Levels for the Nifty Index
20 EMA - 22929
50 DMA - 22584
200 DMA - 21246
Open - 23319.15
Low - 23206.65
High - 23490.40
Close - 23465.60
Nifty closed above the 50 DMA, 20 EMA and 200 DMA suggesting the up trend in the Index.
Model 1 & Model 3
This week, Model 1 is up +6.41 percent and Model 3 is up +5.11 percent.
Model 1 has outperformed the Index by +5.66 percent and Model 3 has outperformed the Index by +1.24 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +1.31 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 May 2024, Models 1 and 3 returned +2.71 percent, and +6.27 percent respectively, compared to the Nifty 50 Index's -0.33 percent return.
In May 2024, the Nifty Long-Short is up +7.28 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 +29.24 percent, and +29.16 percent respectively, compared to Nifty's +7.98 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +15.12 percent, compared to the Index's +7.98 percent.
From July 12th, 2021, the Model 3 is up +123%, compared to 101% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 311 percent. The Nifty index has risen by 117 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 251 percent on capital and 465 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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