The Good Bad and Ugly weekly review : 13 May 20221 min read

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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    Ali asghar Shabbir Ali
    Ali asghar Shabbir Ali
    8 months ago

    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.