Q3 FY 2025  was a quarter finally where the market took some rest. From mid sept to end Dec there was a continuous sell environment with brief bounces. A down quarter after six up quarters is always welcome and this also probably signifies a short term top formation and consolidation of markets. 

The major focus remained in sectors like IT and Pharma the usual defensives but FMCG was not spared this time. FMCG is usually the go to sector in any market down trend but this time the slowdown in the sector was worrisome and caused many of the high quality names to come off sharply in the prices.

India relative to others still remains well placed in terms of growth but there are times where each market needs to stop rest and regather for the next move. We saw this as well in Oct 21 for almost 6 quarter the market remained in a range and then went up 30% in a matter of the next 6 quarters. The major global events on the horizon remain the further interest rate changes in the US, the US presidential welcome in the office on Jan 20th, the resulting tariffs if any and the impending budget of FY 26 on Feb 1 2025

Nifty lost  8.4 % this quarter and is up only 5.9% for the FY25 after 3 quarters.  

For Q3 FY 2025 within Weekendinvesting strategies notably, Mi ST ATH, Mi ATH 2, Mi EverGreen, HNI Capital Compounder, HNI Wealth Builder, lost much less than the benchmark indices.  Overall for FY25 so far HNI Capital Compounder is the leading strategy with 34.3% and Evergreen with 27.8% gain.

Our belief in the concept of BBC (Bhav Bhagwan Che), a Gujarati saying which means that “Price is God” helps us follow the markets in a non-discretionary manner and we allow the markets to do the talking. This has been our sole mantra in the last 8+  years that we have been offering these services to tens of thousands of Weekendinvestors.  Our 100% non-discretionary approach at times can lag the markets when markets make trend changes but over time, we have seen this perform much better than many other styles of investing. The historical CAGR returns experienced by clients and the resulting thousands of testimonials are proof to this claim.

The forecast for next few quarters as it stands today is that of cautious optimism given that we may need much more time for consolidation. FPIs selling is unabated so far and hopefully in 2025 they will be able to sell out whatever helps them achieve their rebalance weights.

At Weekendinvesting, we will continue to walk our established chosen path of following our strategies to the T. All our strategies have a self-healing and self-correcting approach and will come around strongly after any drawdown period that we may face. The whole setup is like a high probability winning machine provided you give the strategies adequate time to heal if the market undergoes some damage. There is little doubt left that having a rule based system like momentum can help you navigate all kinds of markets and over a long period deliver market-beating returns.

This last quarter we have taken many new initiatives at Weekendinvesting.

Our new Momentum Tool (Portfolio Momentum Report) empowers investors with insights like Momentum Score and Weightage Skew, helping users assess portfolio health and diversification. The response has been fantastic. You may do a health check up of your portfolio below.

Our YouTube channel continues to churn out insightful content to educate and empower the investor community. Hearing how these videos have made a difference to so many, including non-WeekendInvestors, has been one of our most fulfilling accomplishments. We have now added a Hindi Youtube Channel to the mix on demand from our viewers

We organized a Dubai Hangout meet in Oct which was well attended by local residents of Dubai and AbuDhabi.  It always remains our intent to go out and meet our current and prospective users on ground.

Our newsletters have gone from strength to strength with thousands of folks reading it on a daily basis. The newsletter is the best place to find all our content at one place.

Many new things are planned for the next quarter and we will unveil them in times to come.

We strongly believe in the long-term India story and we believe that momentum strategies will continue to do very well in this India scenario of continuity of growth and liquidity flows. All we need to do is to ensure that we are riding the winners when it is favourable to us and defending our position when it isn’t.  The key to success here is discipline and sticking to the proven strategy.