Markets continued to trade in volatile mode as the wait for a trend continues. Good news is that Nifty has held on to the support pretty well. Every attempt to take Nifty below 17750 was rejected as enough demand came in at the right time to keep the market afloat. Nifty faces some resistance at 18250 crossing which we can afford be more optimistic of a definitive uptrend.
All benchmarks stayed quite flat while Smallcap 250 lost about 1% this week. It has been a very poor FY 23 for all indices after a a great FY 21 and FY 22. Smallcap 250 still remains week at (-1%) while others have returned between 2% to 3% . We still have a couple of more months to go as we hope for a strong finish to what has been a difficult year for everyone.
The story of IT’s relative outperformance in the last 1 month has to bring cheer to everyone. The index which was continuously the weakest on our charts for a long time this FY 23 did well to clock 2% this week and is up 3.2% in the last one month. PSU BANKS continued to witness profit booking with a loss of 1.1% this week but continues to be the best performer across last 3 months (+31.6%) & FY 23 (+51.3%)
Mi 20 continued on it’s good recent run clocking a solid (+2.72%) this week with the 3 month performance at a superb (+9.47%) while other strategies were in line with their respective benchmarks. Absolute momentum strategies like Mi ST ATH, Mi ATH 2 & Mi 25 continue to struggle as we battle against a choppy non trendy market.
WeekendInvesting Performance Report : Q3 FY 2023
You may access the full report here
A SHORT COURSE to Help you Stay Calm in All Market Conditions
Usually, quick – sharp corrections amidst a Bull Run creates ambiguity in the minds of lots of new investors. The most important question we often get asked is whether markets will crash from here. Should we exit? and a few other questions like these. We have made several videos to help you clarify many such questions and help you have the RIGHT MINDSET for a rewarding journey in investing.
We have put together a few of our previous Daily Bytes which we think might be relevant for times like these. Do have a look and send us your thoughts, questions or comments if any.
The smallcase products are all LONG ONLY products that invest in various subsegments of the markets but have the momentum theme underlying in all of them. The strategies will pick strong outperforming stocks and remove weak ones once a week (except Mi NNF10, Mi EverGreen & Mi India Top 10 which is monthly rebalanced)
These are all long-term strategies that will create enormous wealth in each upswing and then maybe give some back in the downswing and repeat this process again and again achieving the compounding effect. With patience and grit to follow strategy over ups and downs over the last nearly five years, it has been shown that much superior CAGR returns are possible than the benchmarks.
FY22 was also superb and I will let the numbers speak for themselves. You may read the Consolidated FY22 report.
We give advance notice here on the upcoming changes in your smallcase for Monday. This advance notice can be used to ignore Monday’s update if there is no change. If there is a change indicated you can use the smallcase app or log in to weekendinvesting.smallcase.com to see the rebalance. A backup email is sent by mid-day Monday if you have not rebalanced by then and yet another one a day later.
Note: We are not including LIQUIDBEES as an ADD or an EXIT count.
The performance for the week and the month for all the smallcases is presented below.
WeekendInvesting Products – LIVE Index Data
Many of you had asked us to make the index series of all WeekendInvesting Products available so that you could perform your own analysis and studies. You can find a link to the LIVE sheet here and also on the HUB under the support column in the content tab.
WeekendInvesting Telegram and YouTube Channel
We post daily content related to investing on our Weekendinvesting Telegram Channel and YouTube channel to help our community take stock of the performance of markets, sectors & our products and touch base upon a new topic every day. We look forward to having you all there! Several videos in this blog are from this series.
WeekendInvesting Daily Insights – A New Initiative
We started a new initiative called – WeekendInvesting Daily Insights to share quick 1 minute content that can help you in your investing journey. Please do take a look at this week’s episodes by clicking on the image below.
Testimonials
