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
Because of the election results, we have witnessed extremely volatile movement in the Nifty Index this week. Owing to the results of the exit poll, the market reached an all-time high on Monday and closed at 23263. The unexpected election result on Tuesday caused the market to drop as low as 21281 intraday. However, the market made up lost ground and closed ATH on Friday close. 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%. The CPI inflation rate in India decreased from 4.85% in March to 4.83% in April. US inflation decreased from 3.5% in March to 3.4% in April.
Weekly recap:
The Nifty IT Index has outperformed the Nifty Index and the Bank Nifty Index has underperformed the Nifty Index this week.
Nifty Midcap 100 Index is up +2.88 percent.
This week, the Nifty Index is up +3.37 percent.
Key Levels for the Nifty Index
20 EMA - 22654
50 DMA - 22477
200 DMA - 21147
Open - 23337.90
Low - 21281.45
High - 23338.70
Close - 23290.15
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 -0.44 percent and Model 3 is down -1.61 percent.
Model 1 has underperformed the Index by +3.81 percent and Model 3 has underperformed the Index by +4.49 percent.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +9.10 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 +21.48 percent, and +22.91 percent respectively, compared to Nifty's +7.17 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +13.60 percent, compared to the Index's +7.17 percent.
From July 12th, 2021, the Model 3 is up +112%, compared to 93% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 286 percent. The Nifty index has risen by 116 percent over the same time span.
Since its debut, the Nifty long-short strategy has returned 247 percent on capital and 457 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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