Performance Update
UNFORGIVING – Markets continued on it’s downward journey with Nifty losing (-3.83%) in the last week and almost (-10%) in the last month. We have stayed in a range between 15671 & 18604 for about 7 months and the upcoming week will be crucial as we are close to 15671 which is an important support level. Nifty Jnr & Smallcap 250 witnessed a difficult erosion this week losing (-7.05%) & (-7.1%) respectively. Smallcap 250 index is now down (-16%) in the last 30 days & is currently at a (-21.36%) drawdown. Despite this fall, we must admit that Indian markets seem to have taken a lesser hit compared to a few other popular global indices.
From the sectors, METALS & IT lost more than (-10%) while it seems markets have taken refuge in AUTO , FMCG , PHARMA & CONSUMPTION. WeekendInvesting strategies also have taken a massive beating owing to the sustained weakness in the markets. All absolute momentum strategies barring 1 or 2 now have more than 50% allocation in CASH while rotational momentum strategies stick to the relatively strongest stocks within the universe.
As we have repeatedly said – it is during such times that conviction of an investor is put to test. If you are following a strategy and you are here for the long term , you need not worry and rather continue your SIPs. Performance is updated below.
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Hey Alok,
I am subscribed to the smallcase mi25 and allcap strategies.
I was really surprised when i didnt recieve any rebalance update for the allcaps last week considering that the selling pressure had really showed then and this week that trend just intensified.
I was also surprised as being a momentum portfolio, selling pressure should have been recognised early on. Like I can see now, allcap has an update with 14 exits this week, that could have been considerably less if there was an update last week.
Dear sir, we are following the dame strategy as earlier. There has been no change.