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
The Nifty Index hit another ATH this week but not able to sustained it. Global markets are also cooling off and for the Indian market we have full budget for current fiscal year on 23rd July 2023. IT companies helped the Nifty index reach ATH this week post Infosys result for the quarter. It looks like worst is behind for the Indian IT companies. GST collection for June 2024 comes at 1.74 lakh crore showing robust 7.7% YoY growth. Manufacturing PMI index for June increased to 58.8% compared to 58% last month showing the robustness in manufacturing activities in India. June was the greatest performing month for the Nifty Index this year till now. 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 3.1% in May to 3% in June. The head of the Fed signaled a rate cut even if the goal inflation rate of 2% is not being met.
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 down -2.21 percent.
This week, the Nifty Index is up +0.12 percent.
Key Levels for the Nifty Index
20 EMA - 24206
50 DMA - 23361
200 DMA - 21756
Open - 24587.60
Low - 24504.45
High - 24854.80
Close - 24530.90
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 -6.12 percent and Model 3 is down -4.90 percent.
Model 1, 3 have underperformed the Index by -6 percent and by -2.69 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +0.01 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 June 2024, Models 1 and 3 returned +5.57 percent, and +4.19 percent respectively, compared to the Nifty 50 Index's +6.57 percent return.
In June 2024, the Nifty Long-Short is up +15.83 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 +35.94 percent, and +36.28 percent respectively, compared to Nifty's +12.88 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +24.85 percent, compared to the Index's +12.88 percent.
From July 12th, 2021, the Model 3 is up +135%, compared to 103% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 332 percent. The Nifty index has risen by 127 percent over the same time span.
Since its debut, the Nifty long-short strategy has increased by 281 percent on capital and 520 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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