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 observed a whipsaw in the market this week. Hindenburg released a report over the weekend regarding the SEBI chief's connection to an earlier report on the Adani Group; nevertheless, the market dismissed the story, and on Monday, the market closed flat. Due to expectations of a soft landing for the US economy, global markets are rising. This week, the Nifty Index managed to close around 24541. At its policy meeting in August 2024, the RBI decided to maintain the 6.5% repo rate in place. GST collection for July 2024 comes at 1.82 lakh crore showing robust 10.3% YoY growth. The CPI inflation rate in India reduced significantly to 3.54% in July from 5.08% in June. This decrease was due to the high base effect of last year. US inflation decreased to 2.9% in July from 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.
This week, Nifty Midcap 100 Index is up +0.84 percent.
The Nifty Index is up +0.71 percent.
Key Levels for the Nifty Index
20 EMA - 24370
50 DMA - 24108
200 DMA - 22223
Open - 24320.05
Low - 24099.70
High - 24563.90
Close - 24541.15
Nifty closed above the 50 DMA, 200 DMA and 20 EMA suggesting up trend in the Nifty Index.
Model 1 & Model 3
This week, Model 1 is up +0.60 percent and Model 3 is up +5.42 percent.
Model 1 has underperformed the Index by -0.11 percent and Model 3 has outperformed the Index by +4.58 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a negative result of -2.62 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 July 2024, Models 1 and 3 returned +7.56 percent, and +7.28 percent respectively, compared to the Nifty 50 Index's +3.92 percent return.
In July 2024, the Nifty Long-Short is up +5.37 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 +31.22 percent, and +41.45 percent respectively, compared to Nifty's +12.93 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +26.10 percent, compared to the Index's +12.93 percent.
From July 12th, 2021, the Model 3 is up +144%, compared to 110% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 317 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 285 percent on capital and 528 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.
________________________________________________________________________________________________
Looking to invest? You can find our terms of service here. Or you can write to us and we will get back to you
){kind=link}