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 have witness volatile week for The Nifty Index. The union budget came on Tuesday and that day the Nifty made 24074 low. But, before the closing for the day Nifty has recovered all the losses. On the Friday the Nifty has made fresh ATH of 28861 and manage to close around it. From past couple of weeks IT companies are supporting the Index at the same time Banks are dragging the Index down. It looks like worst is over for the Indian IT firms. Banks underperformed this week due to Liquidity coverage Ratio related draft notification from the RBI. We have seen sell off this week in the US as well. GST collection for June 2024 comes at 1.74 lakh crore showing robust 7.7% YoY growth. The CPI inflation rate in India increased to 5.08% in June from 4.75% in May. This increase was due to the food price inflation. 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 targeted 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 up +3.33 percent.
This week, the Nifty Index is up +1.24 percent.
Key Levels for the Nifty Index
20 EMA - 24338
50 DMA - 23603
200 DMA - 21880
Open - 24445.75
Low - 24074.20
High - 24861.15
Close - 24834.85
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 -1.63 percent and Model 3 is up +0.24 percent.
Model 1, 3 have underperformed the Index by -2.87 percent and by -3.09 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +1.65 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 +33.69 percent, and +36.56 percent respectively, compared to Nifty's +14.28 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +26.91 percent, compared to the Index's +14.28 percent.
From July 12th, 2021, the Model 3 is up +136%, compared to 110% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 325 percent. The Nifty index has risen by 130 percent over the same time span.
Since its debut, the Nifty long-short strategy has increased by 287 percent on capital and 531 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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