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
The Nifty Index reached a record high last week, closing at about 26,200. This week, it fell 4.5%, closing at about 25,000. This week, FII sales are at an all-time high. Israel and Iran are engaged in geopolitical tension on the West Asian front that could result in all-out conflict. In an effort to reduce retail involvement in the F&O market, SEBI has released new rules pertaining to F&O trading. In addition, China has launched a stimulus package of over $100 billion for the Chinese stock market, and the index has already increased by almost 24% in just one week. FIIs may be investing in the Chinese market and selling from Indian markets. September 2024 saw 1.73 lakh crore in GST collected, a 6.5% YoY increase. This week's dip could be attributed to a slowdown in GST collection in addition to the other previously mentioned factors. The CPI inflation rate in India increased slightly from 3.65% in August to 3.60% in July. In August 2024, the RBI chose to keep the 6.5% repo rate in place at its policy meeting. US inflation dropped from 2.9% in July to 2.5% in August.
Weekly recap:
The Nifty IT Index and the Bank Nifty Index have outperformed the Nifty Index this week.
This week, Nifty Midcap 100 Index is down -3.16 percent.
The Nifty Index is down -4.43 percent.
Key Levels for the Nifty Index
20 EMA - 25504
50 DMA - 25034
200 DMA - 23136
Open - 26061.30
Low - 24966.80
High - 26134.70
Close - 25014.60
Nifty closed below the 50 DMA and 20 EMA suggesting down trend in the Nifty Index.
Model 1 & Model 3
This week, Model 1 is down -3.15 percent and Model 3 is down -1.90 percent.
Model 1 has outperformed the Index by +1.28 percent and Model 3 has outperformed the Index by +1.26 percent respectively.
Nifty Long-Short
The Long-Short strategy for the Nifty Index has returned a positive result of +4.66 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 September 2024, Models 1 and 3 returned -1.35 percent, and -2.30 percent respectively, compared to the Nifty 50 Index's +2.28 percent return.
In September 2024, the Nifty Long-Short is up +0.82 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 +34.33 percent, and +39.75 percent respectively, compared to Nifty's +15.11 percent return for 2024.
The Nifty Long-Short year-to-date return (from January 1, 2024) is now +49.86 percent, compared to the Index's +15.11 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 327 percent. The Nifty index has risen by 132 percent over the same time span.
Since its debut, the Nifty long-short strategy has increased by 357 percent on capital and 661 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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