A good first quarter to start with. Always a confidence booster to be in the money on start.
The mi50 strategy has yielded 25.97% absolute return for the period Apr-Jun 2016. The Nifty 50 in the same period yielded 7.1%, CNX 500 8.2%, CNX 200 7.5% and CNX small cap 19%. The composition of mi50 is strictly not comparable to any one benchmark, yet we are pleased to have outperformed them all.
The internals of the strategy are healthy.
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The distribution of the sectors is as follows :
Sugar and Cement have contributed significantly to the positive momentum.
The stock returns distribution is shown below. There are 3 stocks at or above 100% returns with several that look like will join that club soon.
Some chartists including myself are of the firm opinion that we may be on the edge of a massive uptrend that will take us to new highs on the broader market. I expect mi50 to keep up the out-performance in that case. Have a good evening!