Mi50 Apr2017 report

Mi50 completed its first year on 31 Mar 2016. The year end report is here

April 2017 was a good month for the strategy. Mi50 is up 7.46% for the current year vs 1.42% and 2.47% for the NSE50 and CNX500 respectively.

image (77)

The maximum drawdown this month was -1.1 pct as on current date.

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The stocks that were added in the month of Apr 2017 are :

GRAPHITE
KOPRAN
MEP
ATLANTA
APOLLOTYRE
SURYAROSNI

While the ones removed with performance are :

HINDZINC 88.0%
IMFA 17.8%
DATAMATICS 31.0%
GEOMETRIC  43%
JUBLINDS -7.6%
KOHINOOR -14.7%

The internal stats (calculated from closing price of 31 mar 2017) now are :

Wins Avg.win Losses Avg.loss
Invested 34 11.15% 11 -6.59%

One of the constituents SHILPI is hitting continuous down circuits and despite the sell signal, Mi50 is yet to be able to exit this. This is a classic example of the constraints that we will sometime run into. Already that position has lost 46%. However given the good diversification, the strategy is virtually unharmed. We could get a few of these every year i believe.

The month of Apr 2017, also saw 4 stocks complete 12 months holding and are going strong. The stocks and % gain are :

WSTCSTPAPR 148%
IGL 83%
SWARAJENG 61%
JKPAPER 114%

Barring the odd SHILPI episode, it has been a good month. There are not many triggers on the horizon and fund flow seems to be good. The more margin we can build now will help us limit capital loss when the fall comes. And that is a sure thing every few seasons.

Have a great month!

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