WEEK that was
We are NOT out of trouble yet, as the overall trend is STILL down. Nifty surged a Big 4% this week. IT staged a comeback. MWM cash position is now hurting us. while MMG and MWV staged very good recoveries.
Here is a weekly update on our strategies.
MWM gained around 1.36% this week to close at 226.01% total returns. Our Overall outperformance to benchmarks is at 145.03%. The current Drawdown stands at -22.26%%. We have averaged 24.52% CAGR since April 2017.
This week will have 2 Entries and No exits in MWM.
These are challenging times for Momentum and there is Nothing New happening!!. To understand how Momentum Investing works in the long run and how drawdowns are part of the game, please spare some time and watch this in-depth conversation
Mystic Wealth value gained 3.89% this week. Our Overall return stands at 129.65% since inception which is 16.68% CAGR. We have 13% in cash. Strategy outperformance to benchmarks stands at 48.66%. Over the last 3 years, MWV has clocked 25% 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.
To know more about the underlying philosophy at MysticWealth Value (MWV). Please watch this detailed webinar
MMG has had a baptism with fire as markets corrected soon after its launch. It has recovered well and the Current drawdown is at a -4.80%, underperforming the benchmark by –3.23%. This is a new smallcase with 70/30 Equity-Gold allocation. Data for the Graphs is too less to make any sense.
Watch this video to understand the POWER of Asset Allocation in Momentum Investing.
Prashant Jain announced his retirement this week.
India's largest equity MF manager Prashant Jain calls it quits.
What a Stellar record without being a closet indexer. A Rare Feat especially considering the Size
HDFC mutual funds Vs various indices, quick look
(u can ignore momo index as there was no active product 2 play it) pic.twitter.com/pbtcCPYLCR
— Mystic Wealth (@MysticWealth11) July 23, 2022
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