Q2 July to Sep 2017 quarter has been quite a subdued ride for the Mi50 strategy. We started the period at +7.9% absolute gain and ended the period at +10.36%. The CNX50/ CNX500 also moved from +3.8%/+4.2% to +6.7% /+7.6% in the same timeperiod.
The performance of Mi50 has largely been in line with the market and has not been able to create any out-performance in this quarter.
The max drawdown witnessed during the period was -10.88% on 11 Aug 2017 while the highest point was +14.21% on 20 Sept 2017.
The stocks that powered the mi50 performance the most and which continue in the portfolio this year are..
while some of the key existing laggards are..
Like any other system, Mi50 derives its advantage by outpacing the losers by a wide margin in each win. The current FY stats on the internals are :
The strategy has 7.3 % cash at the end of the quarter.
Some of the best picks of Q2
other notables stocks picked and exited are:
The current trade distributions:
The outlier gainer here is GRAPHITE at 3X+ gains.
Overall it has again been a dull second quarter for Mi50 this FY after a spectacular performance last FY ( Full year report 2016-17). We shall still hope to achieve 20% plus growth this year.
Have a great Q3 FY17!