WEEK that was
BankNifty hit a new All-time high but could not sustain it for long. Nifty and banknifty are totally out-performing the broader indices. PSU sector has been shining bright for last 1 month ( 21.2%)
Here is a weekly update on our strategies.
MWM was flat this week to close at 261.61% total returns. Our Overall outperformance to benchmarks is at 163.44%. The current Drawdown stands at -13.77% We have averaged 25.20% CAGR since April 2017.
This week will have 3 Entry and 3 exit.
This year value has outperformed momentum. We covered this see-saw that happens in our presentation at decma..
Mystic Wealth value was flat this week. Overall return stands at 170% since inception which is 19.44% CAGR. We have 20% in cash. Strategy outperformance to benchmarks stands at 71.54%. Over the last 3 years, MWV has clocked 32% CAGR making it one of the best options in the industry!!
This week will have NO changes.
MWV is run by Dayanand Deshpande who is considered an authority on Special situation Investing in India. Over the years, Demergers and management change as a theme has generated amazing wealth for our long-term clients.
MMG was down half a percent this week. to close at 3.83% return so far with a drawdown at 2.3%. This is a new smallcase with 70/30 Equity-Gold allocation.
Watch this video to understand the POWER of Asset Allocation in Momentum Investing.
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