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 reached its ATH mark, but it was unable to hold it, and on Friday, it ended below the 25,000 mark. The US market is underperforming due to the upcoming Fed meeting event. The outcome of the Fed meeting in September will determine the direction of the world equity market. 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 outperformed the Nifty Index this week.
This week, Nifty Midcap 100 Index is down -1.32 percent.
The Nifty Index is down -1.52 percent.
Key Levels for the Nifty Index
20 EMA - 24900
50 DMA - 24592
200 DMA - 22647
Open - 25333.60
Low - 24801.30
High - 25333.65
Close - 24852.15
Nifty closed above the 50 DMA, 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 -0.65 percent and Model 3 is down -3.87 percent.
Model 1 has outperformed the Index by +0.87 percent and Model 3 has underperformed the Index by -2.55 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +0.12 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 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 +39.67 percent, and +39.85 percent respectively, compared to Nifty's +14.36 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +36.81 percent, compared to the Index's +14.36 percent.
From July 12th, 2021, the Model 3 is up +141%, compared to 113% for the Nifty Midcap Index.
Summary since inception
Since its debut, Model 1 has increased by 344 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 317 percent on capital and 587 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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