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 the Nifty Index has crossed 26000 mark and closed near life time high mark. Last week the FED has cut the 50 bps interest rate for the first time since 2020. This was the much awaited action that marked a monitoring easing. In light of the widespread optimism in the financial markets, the Nifty Index reached and closed near the ATH mark. India's CPI inflation rate rose marginally from 3.60% in July to 3.65% in August. GST collection for August 2024 comes at 1.75 lakh crore showing robust 10% YoY growth. At its policy meeting in August 2024, the RBI decided to maintain the 6.5% repo rate in place. US inflation decreased to 2.5% in August from 2.9% in July. 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 up +0.29 percent.
The Nifty Index is up +1.49 percent.
Key Levels for the Nifty Index
20 EMA - 25539
50 DMA - 24955
200 DMA - 23047
Open - 25872.55
Low - 25847.35
High - 26277.35
Close - 26178.95
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 down -0.95 percent and Model 3 is down -2.69 percent.
Model 1 has underperformed the Index by -2.44 percent and Model 3 has underperformed the Index by -2.98 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +5.05 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 August 2024, Models 1 and 3 returned +1.45 percent, and +4.20 percent respectively, compared to the Nifty 50 Index's +1.14 percent return.
In August 2024, the Nifty Long-Short is up +7.53 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 +38.71 percent, and +42.47 percent respectively, compared to Nifty's +20.45 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +43.09 percent, compared to the Index's +20.45 percent.
From July 12th, 2021, the Model 3 is up +146%, compared to 120% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 341 percent. The Nifty index has risen by 142 percent over the same time span.
Since its debut, the Nifty long-short strategy has increased by 337 percent on capital and 624 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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