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
This week has seen a collapse in the world equity markets. Due to a spillover from the Japanese Yen Carry trades, nearly the entire global equity markets fell on Monday. The Japan market saw a 12% decline in one day. We have seen bounced in the global equity markets since midweek. This week, the Nifty Index broke below the 24,000 mark, but managed to close around 24400. The market showed signs of improvement on Friday. 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 increased to 5.08% in June from 4.75% in May. This increase was due to the food price inflation. The Fed has kept the repo rate unchanged and signaled the rate cut for the next policy meeting. 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 and the Bank Nifty Index have underperformed the Nifty Index this week.
This week, Nifty Midcap 100 Index is down -1.28 percent.
The Nifty Index is down -1.42 percent.
Key Levels for the Nifty Index
20 EMA - 24404
50 DMA - 23968
200 DMA - 22121
Open - 24302.85
Low - 23893.70
High - 24419.75
Close - 24367.50
Nifty closed above the 50 DMA and 200 DMA and below 20 EMA suggesting short term down trend in the Nifty Index.
Model 1 & Model 3
This week, Model 1 is down -3.26 percent and Model 3 is down -2.21 percent.
Model 1, 3 have underperformed the Index by -1.84 percent and by -0.93 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +4.09 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 +30.50 percent, and +34.21 percent respectively, compared to Nifty's +12.13 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +29.49 percent, compared to the Index's +12.13 percent.
From July 12th, 2021, the Model 3 is up +132%, compared to 108% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 315 percent. The Nifty index has risen by 126 percent over the same time span.
Since its debut, the Nifty long-short strategy has increased by 295 percent on capital and 546 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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