Mi ST ATH
This concentrated portfolio selects upto 10 highly liquid (>1000cr mkt cap) stocks that are near their All time highs (or multi year highs) and holds till the exit criteria are met. It is rebalanced weekly.
Investment Performance
Drawdown
| Period Considered | From To | |
|
Mi ST ATH
|
Benchmark
|
|
| Absolute Returns |
NA
|
NA
|
| Last 3Y |
NA
|
NA
|
| Last 5Y |
NA
|
NA
|
| CAGR |
NA
|
NA
|
| Max Drawdown |
NA
|
NA
|
Objective of the strategy
MI_ST_ATH is an absolute momentum strategy which chases stocks near their All time highs. It is a well-researched phenomenon that stocks that are near to their all-time highs have a high probability to keep performing well.
Key Points
- An up-to 10 stock concentrated portfolio with equal weights for each component
- Stocks from NSE listed universe (with additional filters of very high turnover stocks only) and above market capitalization of 1000cr or more.
- Stock selection based on Momentum ranking and nearness to their All Time Highs
- Absolute Momentum performance is the basis for each stock selection
- Every week the portfolio is reviewed and stocks which do not hold up the exit criterion are shelved while new ones enter.
- At times when new momentum picks are not available the portfolio will sit in cash (in interest bearing instruments like LIQUID BEES).
- There is zero discretion of the manager in running this portfolio.
- The strategies have been rigorously back tested on years of data to prove their efficacy.
- The optimal size for investing in this portfolio is INR 10 to 30 lacs
Highlights
RETURNS
Higher Returns
The CAGR since 2016 for this strategy is above 40% and easily beats benchmarks by wide margin. Goes to cash in downward markets.
DRAWDOWN
Lesser drawdown
During the worst fall (Covid), this strategy had a max drop of 23.8% vs the benchmark CNX500 dropped 38.3%
RISK
High Risk Instrument
Investment is subject to equity market risks. Please follow good asset allocation practices.
CHURN
High Churn
Inherent rules of finding best ATH strength stocks constantly makes this a high churn strategy
Highlights
RETURNS
Higher Returns
The CAGR since 2016 for this strategy is above 40% and easily beats benchmarks by wide margin. Goes to cash in downward markets.
DRAWDOWN
Lesser drawdown
During the worst fall (Covid), this strategy had a max drop of 23.8% vs the benchmark CNX500 dropped 38.3%
RISK
High Risk Instrument
Investment is subject to equity market risks. Please follow good asset allocation practices.
CHURN
High Churn
Inherent rules of finding best ATH strength stocks constantly makes this a high churn strategy
Performance during tough markets
The strategy reduced exposure to equities when the markets were falling and increased exposure in cash.
| Event | Strategy | CNX 500 | Outcome |
|---|---|---|---|
|
Covid19 Pandemic
Feb 2020 - Mar 2020
|
-23.8% | -38.3% | 37.89% Lesser Fall |
Performance during tough markets
The strategy reduced exposure to equities when the markets were falling and increased exposure in cash.
Fees
The fee structure is designed specially for smaller portfolios.
If you have any questions. Feel free to Get in touch with us.
Investment Performance
Practical insights for wealth creation
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