A quick introduction to the Weekend Investing app, now available on Google Play and App Store. The app has been 7received with great enthusiasm, with over 7,000 users already joining. We encourage all weekend investors to download the app, as it provides numerous benefits and features that can enhance your investment experience.
By joining the app, you will receive immediate notifications for urgent messages from us. Additionally, all our content, including YouTube videos and Twitter posts, can be accessed in one place. This ensures that you stay up to date with relevant and valuable information. Moreover, the app allows you to interact with our team, ask questions, and provide feedback. It offers a seamless and convenient channel for communication between investors and our support team.
One of the key advantages of the app is access to exclusive educational content and strategies tailored specifically for weekend investors. We offer educational US strategies, trend analysis posts, market psychology insights, and much more. By leveraging these resources, you can enhance your investing knowledge and make informed decisions. Furthermore, the app provides opportunities for online and offline meetups exclusively for WeekendInvesting subscribers, allowing you to engage with fellow investors and expand your network.
A unique feature of the app is the ability to book a one-on-one call with the Weekend Investing team. This personalised support ensures that you receive prompt assistance and have your queries addressed directly. Additionally, a chat feature is available to provide immediate solutions to any questions or concerns you may have. The aim of the app is to facilitate seamless interaction and provide phenomenal support to all weekend investors and app users.
Introducing “The WeekendInvesting Newsletter”
Another brand new initiative from our Research Desk is The WeekendInvesting Newsletter. This is a daily newsletter that summarizes all the stories we cover during the day(market nuggets), including the daily byte that we shoot every evening. This newsletter will be delivered to your email every evening on market days, providing you with a wealth of market-related information. The newsletter includes both summaries and long-form blogs for all the market nuggets covered. These blogs are also linked to the videos we shoot, so you can choose to watch or read the content according to your preference.
Check out our newsletters for this week.
From the Research Desk of WeekendInvesting
Journey of 10000 points : Insights
Over the years, the Sensex has witnessed remarkable milestones, including hitting the 10,000, 20,000, 30,000, and most recently, the historic 70,000 mark. In this infographic by ETIG Database, we delve into the journey of Sensex and explore the factors that have fueled its growth.
Impact of AUM growth on larger asset equity schemes
AUM growth is a positive sign for any fund or AMC, as it indicates increased trust and capital inflow from investors. However, there are several implications and challenges associated with the expansion of AUM, which can affect the performance and strategies of these entities. We try to decode the negative impact of AUM expansion.
Easy way to get an outperforming portfolio
As investors, our primary goal is to achieve good performance in our portfolio. However, it is equally important to avoid poor performers that can nullify the impact of the good stocks. In this article, we will discuss how to identify and eliminate underperforming stocks from our portfolio, thereby improving overall performance.
Train your mind for worst case scenario
Behavioural finance is an important aspect of investing that focuses on how our behaviour and emotions can influence our investment decisions and outcomes. In this article, we will delve deeper into this topic and explore how training our minds to consider worst and best-case scenarios can help us make more informed investment choices.
Markets this week
After seven consecutive positive outings, markets witnessed a bit of consolidation. Nifty almost dropped 400 points 20 Dec 2023 after almost touching 21600. The point to note is the extremely strong recovery that we have seen after a steep fall earlier this week. Mid caps and Small caps staged a much stronger recovery compared to Nifty 50 and are currently one or two decent sessions away from a new ATH.
Benchmark Indices Overview
Nifty next 50 was once again the best relative performer this week staying neutral while other indices lost between 0.5% to 0.7%. Nifty Next 50 has done incredibly well in the last couple of months to occupy the third spot on the FY 24 charts behind Smallcap 250 index and Mid-Small 400 index.
WeekendInvesting Overview
WeekendInvesting strategies had a mixed week with Mi NNF 10 continuing on the good run clocking 1.4% this week taking the FY 24 tally to a massive 57% gains. This kind of a performance for a large cap strategy is exceptional especially when it’s benchmark has returned about 37% only. Mi 30 was the second best this week clocking 1.4% while Mi ATH 2, Mi MT Allcap, HNI Wealth Builder saw a drop between 0.6% and 1.1%.
On the FY 24 chart, Mi 20 continues to lead raking in a mammoth 91% gains followed by Mi 35 and HNI Wealth Builder at 75% and 70% gains respectively. Great performance as we close in on Q3 FY 2024.
Sectoral Overview
Defensive sectors like PHARMA and FMCG put on a strong performance as markets consolidated a bit this week. Most sectors lost out a bit while BANKs took a heavy beating losing in excess of 1.8%. PSE stocks have done quite well this FY 24 clocking 70% as REALTY closes in on a spectacular 2x gains staging a very strong recovery despite a sharp 7% correction. PSU Banks have significantly outperformed the PVT banks signaling the enormous relative momentum in this segment of the banking sector.
IT has been witnessing a very strong momentum securing rank #1 on our sectoral momentum ranking charts. This sector is currently at #6 overall despite underperforming quite heavily in the quarterly charts. REALTY has slipped to the bottom of the chart after a poor outing but the recovery has been quite strong. We wouldn’t be surprised if this sector quickly gets back to the top of our ranking charts soon. FMCG and GOLD have shown recovery on the charts owing to some panic in the markets last week.
SPOTLIGHT – Mi 20 – A Standout Performer
Mi 20 has been a standout performer this FY 24 and also since launch outperforming it’s benchmark mid-small400 index by a wide margin.
The strategy has clocked 135% gains compared to 59% gains on the mid-small 400 index since going LIVE on 15 Jul 2021 (2 years and 5 months).
There were about 244 trades in total on Mi 20 out of which no. of winners were lesser than the no. of losers. The real trick is in allowing winners to run far while being nimble at chucking out losers. Winners had an average profit of 27% while losers exited at 10% loss on average.
The biggest winner stands at a majestic 385% while the biggest loser lost only 38%.
Mi 20 will soon be closing for new subscriptions. If you are considering entering the strategy, kindly do so at the earliest you can.
Rebalance Update
We give advance notice here on the upcoming changes in your smallcase for Monday. This advance notice can be used to ignore Monday’s update if there is no change. If there is a change indicated you can use the smallcase app or log in to weekendinvesting.smallcase.com to see the rebalance. A backup email is sent by mid-day Monday if you have not rebalanced by then and yet another one a day later.
Note: We are not including LIQUIDBEES as an ADD or an EXIT count.
WeekendInvesting Strategies Performance
WeekendInvesting Products – LIVE Index Data
Many of you had asked us to make the index series of all WeekendInvesting Products available so that you could perform your own analysis and studies. You can find a link to the LIVE sheet here and also on the HUB under the support column in the content tab.
WeekendInvesting Telegram and YouTube Channel
We post daily content related to investing on our Weekendinvesting Telegram Channel and YouTube channel to help our community take stock of the performance of markets, sectors & our products and touch base upon a new topic every day. We look forward to having you all there! Several videos in this blog are from this series.
Introducing M Profit
That’s it for this week. See you in the next week’s edition !
