Boy, what a week it was !! Just a rocket up from day one and it went one way all through. If you were a trend follower there is no way you would not have made monies this week. All our strategies fared very well. Nifty was up nearly 600 points and BankNifty about 3000 pts. Clearly nobody was able to call this like always. As I always maintain, keep following the markets and stop predicting it. Let your thoughts follow the markets …freely.
The Weekendinvesting Smallcases did well and were all up. There is a decisive shift happening in the retail mutual fund space. Investors are increasingly taking charge of their investments and getting better value for their money spent.
For Monday 9 Nov 2020, the proposed changes are:
Mi_LT_CNX200 : NO CHANGE
Mi_MT_Allcap : 3 ADD, 0 EXIT
Mi_ST_ATH : 0 ADD, 1 EXIT
Mi 25 : 0 ADD, 0 EXIT
Liquid bees is not being included as an add or exit.
(IF YOUR PF IS LESS THAN 2 LACS YOU CAN AVOID BUYING LIQUIDBEES BY CUSTOMIZING YOUR ORDER IN CASE MIN INVESTMENT IS BEYOND YOUR EXISTING CAPITAL})
In the LIVE product strategies, there is some churn but there are opportunities for deployment. That suggests the breadth of the market is still intact. All strategies are essentially holding ground and gaining. The LIVE products area more suitable for large portfolios who are not chasing high returns and want more mature and diversified lower risk portfolios. Also the user here churns his portfolio at Fri 3 PM along with the model and there is no slip between the model the actual experience.
This week everything was Good and there were no BAD or UGLY !!.
We are now at the door step of the US elections outcome. The US market is the leading indicator for the markets globally and is the trend setter. Lets see what is in store for us next week.
All our strategies are ready for any eventuality with capital protection built into our models. We may get hit anytime but we will live to fight another day.
That is all this week. STAY SAFE and stay in peace ! Do share this newsletter with your friends who you think can benefit from the momentum way ! Send me your suggestion what you do or don’t like about our strategies, updates or anything else. We are always keen on listening to you!
