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 Nifty Index has crossed 25000 mark this week and hit ATH but not able to sustained it. On Friday we witnessed sell off in the Index. The Fed has kept the repo rate unchanged and signaled the rate cut for the next policy meeting. But, very next day week economy data has triggered the sell off in the US market. Also, there is a geopolitical tension between Israel and Iran which is cause of concern for the market. GST collection for June 2024 comes at 1.82 lakh crore showing robust 10.3% 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 underperformed the Nifty Index and the Bank Nifty Index has outperformed the Nifty Index this week.
This week, Nifty Midcap 100 Index is up +0.25 percent.
The Nifty Index is down -0.47 percent.
Key Levels for the Nifty Index
20 EMA - 24548
50 DMA - 24840
200 DMA - 22010
Open - 24943.30
Low - 24686.85
High - 25078.30
Close - 24717.70
Nifty closed above the 20 EMA and 200 DMA and below 50 DMA suggesting short term down trend in the Nifty Index.
Model 1 & Model 3
This week, Model 1 is up +0.92 percent and Model 3 is up +0.51 percent.
Model 1, 3 have outperformed the Index by +1.39 percent and by +0.26 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 Short.
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 +34.92 percent, and +37.27 percent respectively, compared to Nifty's +13.74 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +24.40 percent, compared to the Index's +13.74 percent.
From July 12th, 2021, the Model 3 is up +137%, compared to 111% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 329 percent. The Nifty index has risen by 129 percent over the same time span.
Since its debut, the Nifty long-short strategy has increased by 280 percent on capital and 519 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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