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 is now trade around 13 and market is now back to pre-election territory in terms of volatility. We have not seen big volatile move this week in the Nifty Index and the index closed almost flat. 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 outperformed the Nifty Index this week.
Nifty Midcap 100 Index is up +0.31 percent.
This week, the Nifty Index is up +0.15 percent.
Key Levels for the Nifty Index
20 EMA - 23125
50 DMA - 22664
200 DMA - 21330
Open - 23570.80
Low - 23398.20
High - 23667.10
Close - 23501.10
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 down -0.08 percent and Model 3 is down -0.46 percent.
Model 1 has underperformed the Index by -0.23 percent and Model 3 has underperformed the Index by -0.77 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +0.03 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 +29.14 percent, and +28.57 percent respectively, compared to Nifty's +8.14 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +15.15 percent, compared to the Index's +8.14 percent.
From July 12th, 2021, the Model 3 is up +122%, compared to 102% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 310 percent. The Nifty index has risen by 118 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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