Performance Update

Though markets did reasonably well this week amidst the sharp corrections we’ve seen the past few weeks, only time can tell if the corrections may continue or if this is the beginning of another move on the upside or perhaps we may witness a rangebound phase. All sectors except of IT, METALS & PSE showed signs of weakness. On the Benchmark Indices front, Mid-Small 400 (1.46%) & Smallcap 250 (1.37%) led the way forward. Mi 50, our most diversified 50 stock Mid-Small 400 Index based momentum strategy did well to return with 2.5% this week.

The consolidated performance is tabulated below.