Mi50- Monthly Update -June 2017

We stepped into June with a 2.52% gain vs 4.87% on Nifty and 4.45% on CNX500 for YTD2017.  The drawdown was -5.6% from a performance peak of +8.6% reached in April 2017.

5/31/2017 2.52% 9621 4.87% 8351 4.45%

It has been a month of recovery.  The strategy has closed the month of June 2017 at 7.9% gains.

6/30/2017 7.90% 9521 3.78% 8332 4.22%

The peak performance was achieved on June 21 at 10.73% for FY17 YTD

chart (12)

The drawdown at the end of the month is -2.5%.

chart (13)

The additions to Mi50 during June include :

BIRLACORPN
GLOBALVECT
MHRIL
MPHASIS
BBL
SIMPLEXINF
BALAJITELE
IFBIND
APCOTEXIND
GENESYS

The exits from Mi50 during June are :

TRIVENI
HIMATSEIDE
GIPCL
MAWANASUG
AHLUCONT
AEGISCHEM
CENTRALBK
KRBL
JKPAPER
NLCINDIA

The current top gainer for the YTD is MEP at +68% and top loser is KOPRAN at -13%
The strategy has 3.2% cash.

The distribution of gains for the YTD :
chart (14)

The out(under) performance vis-a-vis benchmarks has improved:
chart (15)
That is all for June. Advisory on Mi50 is now on. Email me at alok@weekendinvesting.com if you would like to run your money with me.

See you a month later!

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